This morning's flash crash in BTCUSD isn't making us feel good about our bullish stance for buy and hold investors. For people with very short-term horizons, it's the current environment has to irritating.
We added volume analysis to our Bitcoin chart. It turns out that $10,200 is the price where most of the volume has been traded in the recent range. We find that interesting because that level is also the apex of the triangle as we have drawn it.
As a reminder, the closer Bitcoin gets to the apex of the triangle, the bigger the ensuing breakout can be.
We added volume analysis to our Bitcoin chart. It turns out that $10,200 is the price where most of the volume has been traded in the recent range. We find that interesting because that level is also the apex of the triangle as we have drawn it.
As a reminder, the closer Bitcoin gets to the apex of the triangle, the bigger the ensuing breakout can be.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.