BTCUSD Trading plan based on volume analysis
BTCUSD yesterday tested the support zone at 8650 USD twice (1st arrow on the screenshot) and on higher volumes came out of resistance at 8950 USD (2nd arrow on the screenshot) - the classic beginning of the trend. Further bitcoin also on increased volumes broke the resistance at 9200USD (3rd arrow on the screenshot). Good areas for purchases are as follows: 9000-9080 USD and 8900-8950 USD with the first target of 9500 USD and then go even higher to 10000 USD. However, this plan is too obvious for everyone and can be a bear trap.
Therefore, we have a backup plan: a breakthrough from above 8800-8900 USD, going down to 8500 (4th arrow on the screenshot).https://www.tradingview.com/x/D0uEaJVA/
Therefore, we have a backup plan: a breakthrough from above 8800-8900 USD, going down to 8500 (4th arrow on the screenshot).https://www.tradingview.com/x/D0uEaJVA/
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