In Regards To The Previous Published Update On Bitoin.
So, the warning bitcoin sends is gradually playing out and I hope you all took the short position with plenty of profits now to smile home with.
On the one day time frame which is not the time frame published here, we see bullish volume dropping and bearish volume gradually picking up. There seems not to be enough demand to breakthrough the 39k to 41k zone. So prices will continue falling until it gets to an area of plenteous demand. Is there any demand left at 33k zone that will be enough to send prices back to breaking through the 41k zone...........?? Or are we heading further down to 28k zone in search for liquidity.....???
But on the 3 hours time frame, I see falling prices with falling volume. This looks bullish but until I see what happens at 33k, I may not have a definite conclusion. This can be a good time to close your short positions.
Gracia's
On the one day time frame which is not the time frame published here, we see bullish volume dropping and bearish volume gradually picking up. There seems not to be enough demand to breakthrough the 39k to 41k zone. So prices will continue falling until it gets to an area of plenteous demand. Is there any demand left at 33k zone that will be enough to send prices back to breaking through the 41k zone...........?? Or are we heading further down to 28k zone in search for liquidity.....???
But on the 3 hours time frame, I see falling prices with falling volume. This looks bullish but until I see what happens at 33k, I may not have a definite conclusion. This can be a good time to close your short positions.
Gracia's