Volume based support and resistance levels. It should be noted that BTC unfortunately has weak support at $44474.54 with prices based on Bitstamp’s data feed.
Speculation: The recent dumps by F2Pool are beginning to shake the conviction of both institutional and retail traders in the short term. Institutions are taking BTC off of exchanges which is causing thin liquidity and in turn volatility.
Guidance: Any short or longs taken should be for no more than 200pips with equal stop losses. Avoid overtrading as always, follow the institutions and take BTC off exchanges into your secure wallet.
Speculation: The recent dumps by F2Pool are beginning to shake the conviction of both institutional and retail traders in the short term. Institutions are taking BTC off of exchanges which is causing thin liquidity and in turn volatility.
Guidance: Any short or longs taken should be for no more than 200pips with equal stop losses. Avoid overtrading as always, follow the institutions and take BTC off exchanges into your secure wallet.