its making LL and LH * That High beginning of March was a Higher High but it couldnt make a Higher Low and it came crashing down, but at least it tried to break the downtrend. a few months ago i said long term, the bottom was in, i still believe that *Long Term the bottom is in (5,000-6,000) but remember. Indicators indicate, they dont dictate. so you make...
the gains are way to weak, they went up on low volume and all the candles have a big wick on top, meaning they cant keep any of their gains.
According to Trading view looking at daily chart where it says the Open High Low Close it says BTCUSD opened @ 10,556 (showb with a green rectangle on a pink line) today 2/28/18 but that is not the case when you go intraday. the actual open shows at 10,900 and after the small spike its been trending down all day. can someone explain to me why im seeing a Green...
i think its weak, momentum is weak, needs to drop a little lower to attract buyers
swing down if it goes below 9,900 or swing up if it goes above 12,000
volume is needed to drive the price down. a big spike in volume while downtrending may signal majority of people getting out in which case look to get back in since no more people left to sell. if it does go down first line may hold around 2,100. if it can break below that look for 1800ish. doubt it can go that far though. *Volume is important
third Double bottom
Bearish if it breaks down from Neckline. Bullish if it can't break below the neckline
Testing Theory for EDGAR