#BTC Volume Analysis Prediction 8/07/2018
Short view at BTC:
1. Phase: down impulse.
2. Priority/signal – sell positions from sell area 7150-7250.
3. To restore the market, bull’s need to break out 7460.
The rest of the information is on the chart.
Take profit 1: 6910
Take profit 2: 6730
Take profit 3: 6360
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.