BTC/USD: High volume and overbought doji theory
Using the 
Coinbase Dollar pair for sanity sake, a fresh look at the charts. The USD charts are still real.
A lot is also dependent on WTF
Tether is doing.
Coinbase Dollar pair for sanity sake, a fresh look at the charts. The USD charts are still real.- The price has so far mostly sold off from the daily highs and resistance level of $6,800.
- Similar to in summer, October 15th has already seen high volume (16k) and will likely surpass August 22nd
- The correction for the day will likely continue further towards $6,200 support, as uncertainty regarding USDT continues.
- The 10% temporary but high volume price spikes are circled in pink, reflecting a similarity worth considering.
- Pink line is the extrapolation of the August 22nd bounce in price showing a target of $7,200, if history were to repeat itself.
A lot is also dependent on WTF
Tether is doing.
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