0 0
Read Time:47 Second


On the Bitcoin chart, we can see that when the highest peak was broken, the volume increased, but not enough to speak of buying euphoria. On the other hand, the turnover during sales was comparable to that during the increases. The pictures show how I see it. Based on the fibo range, we can expect a correction to the place marked at 50 fibo, which is equal to the support level. However, note that this is a relatively low level that would have to be broken at even higher volumes than before, which would ultimately be concentrated by the other side of investors. The first signal is a higher volume of trading when the price drops, but we will only start selling when the last support breaks, and buy back at the level when the volume increases and the price stops deepening the low, because it will mean that someone buys everything as it goes.

Leave a Reply

Your email address will not be published. Required fields are marked *