BTC run is still not supported by the volume that we expect. Transactions/day still remain low (may be the effect of the regulations).
i.imgur.com/mbHaWRm.png
This rally has got some legs but currently it wont go above 9.5K. At a 23% retraction from the predicted $9.5K rally, we should settle at $9050 and go to either sharp upturn or the week long accumulation phase
If BTC holds above 9K it will start a new rally. Trade carefully with tight stop loss from here.
BTCUSDTrade closed: target reached
Note
Volume is just too low to support 10% price appreciation in 1.5 days. Trade closed- locked profits for the dip
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.