BURST/BTC UPDATE: Rough last minute projection * UPDATE OF OLD
My script clearly illustrates, as well as states my forceast for BURST/BTC.
>>>> THIS idea however is an update of an old one. Please, take a look at the previous drafts of this same published idea. Thank you for your time and reflections!
Val Breau
>>>> THIS idea however is an update of an old one. Please, take a look at the previous drafts of this same published idea. Thank you for your time and reflections!
Val Breau
Comment:
Cryptocurrency pair BURST/BTC: Likely Bullish trend to come...
**Supported by:
1.) The obvious retention of Volume can be located directly under the *inflection point* of my horribly-drawn yellow line. However,this yellow illustration is used as a visual aide in indentifying the 'price-squeeze' caused by the volume weighted moving average (VWMA). The VMWA can be seen as the thick purple line that begins its descent when encountering the lower-left corner of the approx. Supply Zone (*Green horizontal rectangle, located at the left-most area of the screen). With this interjection of the VWMA and *my projected Supply Zone, we see an immediate Bullish-spike, followed by the pull of the current of our Demand Zone (*Red rectangle, you cant miss it).
Forecast:
Most likely, we will see that price will continue to be influenced, and pressured sideways by Volume UNTIL an erruption of volatility..... Overall and up to speed, I know that price action will breach the near-last areas of the demand zone, and follow that classic 'Bounce-Back' pattern we see with Support/Resistance levels.
**Supported by:
1.) The obvious retention of Volume can be located directly under the *inflection point* of my horribly-drawn yellow line. However,this yellow illustration is used as a visual aide in indentifying the 'price-squeeze' caused by the volume weighted moving average (VWMA). The VMWA can be seen as the thick purple line that begins its descent when encountering the lower-left corner of the approx. Supply Zone (*Green horizontal rectangle, located at the left-most area of the screen). With this interjection of the VWMA and *my projected Supply Zone, we see an immediate Bullish-spike, followed by the pull of the current of our Demand Zone (*Red rectangle, you cant miss it).
Forecast:
Most likely, we will see that price will continue to be influenced, and pressured sideways by Volume UNTIL an erruption of volatility..... Overall and up to speed, I know that price action will breach the near-last areas of the demand zone, and follow that classic 'Bounce-Back' pattern we see with Support/Resistance levels.
**** It is only to being used to illuminate the action described in the chat box! Thanks, I apologize.