#BTC Volume Analysis Prediction 03/12/2018
What to expect from bitcoin now? Let’s found out.
On the chart, I marked zones of trend movements. I indicated which trends are still relevant, and which are not.
For further growth, the price must break out and holds above 10000.
For buyers, it’s very important now not to fall below 8300. If the price breaks down 8300-8350 and holds below, we will see a fall wave into the area 6000-6500.
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.
- F L – flat level.
- T L – trend level.
- Fixing (fix, culmination) – reverse price reaction then the markets stops i’ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.