BTCUSDT Volume Analysis Prediction 3/19/2018
Finally, the market returns to , which was last year. This is not a mid-term upward trend yet, but there are already prerequisites for it. At the moment the market is in the zone of value of last week, which keeps it from falling. If this zone stands, we will see the upward movement to the area of 9000-9100. But if the price breaks down this we will see a fall to 7700.
Entry point: 8150-8200
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.