BTCUSD – another wave of falling
BTCUSD is still in downtrend.
The price made a correction wave and now we expect a new wave of falling to level 7250.
If the price breakdown 7200 next supports level are 6500, 6000 and 5700.
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded .
- Value Area (V A) – The range of price levels in which a specified percentage of all was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance – Accumulation Area.