BTCUSD ❕ volatility is declining
Bitcoin volatility is declining.
Trading volumes decrease on corrections, but volumes increase when support levels are tested.
50MA may break up 100MA soon (4H TF)
Price tests 100MA as support (1H TF)
TD Sequential has formed an up reversal signal (1H TF)
BTC tests 200MA as support (30m TF)
I expect Bitcoin to go for a retest of the resistance level, and after fixing above it, it may continue to rise.
Trading volumes decrease on corrections, but volumes increase when support levels are tested.
50MA may break up 100MA soon (4H TF)
Price tests 100MA as support (1H TF)
TD Sequential has formed an up reversal signal (1H TF)
BTC tests 200MA as support (30m TF)
I expect Bitcoin to go for a retest of the resistance level, and after fixing above it, it may continue to rise.
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