In the last few days BTCUSD has found strong resistance in the 38800´hundreds.....it seems to be gathering volume in that area....its positive looks could be deceiving.....several times it hit 38700s.
With the amount of volume gathered if it should break out it will be with force.
This chart complement the one published with target of 35500.
Should it go down I...
I have added green lines chanel and noted they come from volume accumulation back to 2018
and a green line from the top where we should expect the first strong resistance in the way up.
Use a Quartely or Monthly chart combined with OBV to check the amount of volume that has left up to date.
Will it come back? Has the big money gone somewhere else?
This is the weekly chart for the previous daily small inverted head and shoulders.
The two targets are for when using the chart for closing, that would be the lower target at 50855 and the higher target is for a candle high and low chart
The two targets are pointed to by blue arrows.
The outer black outside channel is the down trend. the uptrend within the...
BTCUSD seems to be forming a small INVERTED HEAD AND SHOULDERS, if it breaks above resistance (Yellow parallel line) with strong positive volume, it should reach 58xxx.
This should happen around the end of Feb. See the parallel very light colored lines.
There is also a strong resistance at the dark green line, before it charges up. The dark blue dashed lines is...
I do not follow any particular Indicator; but look at the volume, look in the monthly charts for possible areas of Support and Resistance. There is no particular way to read the chart, depending on the amount of volume per day it will go down to (35500 approx). Use the different channels by color to see what angle/channel it will go down. The steeper the sooned;...
