BTC - Volume is decreasing - Still in direction to test 7350$
Hello all,
Here was the chart of yesterday :
Here is the current chart :
We are slowing continuing our way in direction of the resistance line in violet. I expect more volume this monday and we should see quickly if we will reach my objective. Without volume, even if we touch that line, I think that we will have again a pull back. This pull back could give us enough volume to test that line a third time and finally break it. Let's see the volume which will be present this monday.
I wish you massive profits,
Cryptopassion.io
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That resistance @ $7400 will take a lot of volume to break in definitive manner.
There is also a lot of margin shorts that have built up on Bitfinex over the past two weeks, so if those guys get force-liquidated, we might just break above $7400.
Spent the whole day watching the charts today, some for hours there was bull signs before retraction by evening.
Like you said trading volumes are down, even lower than that of yesterday
With tax season coming anything is possible. Yes it might test that level.
I am glad you took the volume into account. I see a lot of analysis here on steemit solely based on movement and indicators. I am no analytical guru but I always wonder why people don't account for the volume. Maybe they do but don't talk about it.
আমরা বেগুনি মধ্যে প্রতিরোধের লাইন দিক আমাদের পথ অব্যাহত ক্রমবর্ধমান হয়। আমি এই ভলিউম আরো ভলিউম আশা করি এবং আমরা আমাদের লক্ষ্য পৌঁছাতে হবে দ্রুত যদি আমরা দেখতে হবে। ভলিউম ছাড়া, এমনকি যদি আমরা সেই লাইনটি স্পর্শ করি, তবে মনে করি আমরা আবার একটি টান ফিরিয়ে আনব। এই টান ফিরে আমাদের যে লাইন একটি তৃতীয় বার পরীক্ষা এবং অবশেষে এটি বিরতি এটি যথেষ্ট ভলিউম দিতে পারে। চলুন শুরু করা যাক এই ভলিউম যা এই সোমবার উপস্থিত হবে দেখুন।
Thanks @cryptopassion for dropping it like its sizzling. Gonna be following close..
a very good post and can be an inspiration for the steemit community all over the world
very important information is worth following
@cryptopassion
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Merci pour l' article !