Volume Starts to Confirm the Price
Actualizado
just a quick scratch note,
As we can see, the volume start's to Confirm the Price.
It's possible that this is the end of the downtrend or just a major correction.
My reasoning,
1. The price already reaches 0.618 Fib extension. (well it can reach lower)
2. the Hongkong Conference seems goes well, and much positive support from the participant.
3. Purse.io launch "bcash"
4. Huge development from Bitcoin Cash community.
4. There's a possibility that there will be more publication about bCommerce, smartcontract, etc.
As we can see, the volume start's to Confirm the Price.
It's possible that this is the end of the downtrend or just a major correction.
My reasoning,
1. The price already reaches 0.618 Fib extension. (well it can reach lower)
2. the Hongkong Conference seems goes well, and much positive support from the participant.
3. Purse.io launch "bcash"
4. Huge development from Bitcoin Cash community.
4. There's a possibility that there will be more publication about bCommerce, smartcontract, etc.
Nota
The pattern in Bearish mode : Volumes Goes up: Price Go Down.
Volume Goes down: Price Got some Correction.
Nota
The daily close is important in this one, the current price is about 0.50-0.618 retracement (based on the previous gain TF:daily candle).Operación activa
Operación cerrada: precio stop alcanzado
btc is on bearish mode.Nota
I'm waiting for a clearer sign, pay attention to both btc/fiat + bch/btc.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.