BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
178 0
Hi, everybody. I didn't expect such a sharp movement of BTC and even professional traders didn't expected. But this is just a one trade that gave a minus and there is nothing fatal in this. Then we consider the future situation.

1) On a local scale, there is a clear, good targeted upward trend, which shows that further price will be at least to 5600-5700, as the minimum initial target.

2) Since the level of 4200-4400 is broken, the nearest supply zone is at the level of 5600, but I would not call this price crucial.

3) Now we see a clear imbalance of power in favor of buyers, and the level of demand is much higher than supply. In terms of volume , you can see that now the distribution has gone from a fairly long accumulation, and therefore, judging by the VSA , the growth will continue further.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out