Tight grip. Buying at support levels. BTC/USD view 29.01.18.
Hello, colleagues.
Once again, the red horizontal resistance has survived; bitcoin continues to shrink in the wedge, the hidden tension increases. We will have a bounce back, friends. ) No, I do not inflame passions)) but in 80% of cases with a strong compression of volatility that is not typical to the instrument in a given period of time, there is so-called volatility outbreak. You can consider it as a pattern, for those who are not aware of it. It can occur in two scenarios: either it will be an upward movement to cut through the red horizontal resistance from the BTL area, or it will go down to STL or even MTL, or even for short-term MTL breakout, everybody being in panic and shock, after which the price goes up in high gear, having left everybody in confusion.
Conclusions: if possible buy at BTL, STL, MTL. Bounce and breakdown of trend lines are determined by point analysis, do not work against the general trend! If there is no opportunity to track the price trend lines, go grid.
Good luck, success and profits! Thank you!
Once again, the red horizontal resistance has survived; bitcoin continues to shrink in the wedge, the hidden tension increases. We will have a bounce back, friends. ) No, I do not inflame passions)) but in 80% of cases with a strong compression of volatility that is not typical to the instrument in a given period of time, there is so-called volatility outbreak. You can consider it as a pattern, for those who are not aware of it. It can occur in two scenarios: either it will be an upward movement to cut through the red horizontal resistance from the BTL area, or it will go down to STL or even MTL, or even for short-term MTL breakout, everybody being in panic and shock, after which the price goes up in high gear, having left everybody in confusion.
Conclusions: if possible buy at BTL, STL, MTL. Bounce and breakdown of trend lines are determined by point analysis, do not work against the general trend! If there is no opportunity to track the price trend lines, go grid.
Good luck, success and profits! Thank you!
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