#BItcoinDiamond Volume Analysis Prediction 9/10/2018
BitcoinDiamond – very strong coin at the moment.
The coin did not react to the market drop last week. In addition, it grew in price.
A few minutes ago the price BCDUSD made a new impulse up and showed a retest at the level 2.10.
So now we have a new potencial balance with the range 2.10-2.291. If this balance goes up, new target will be 2.415-2.45.
We also allow the option if the price rolls back to the 2.032 ( level of the previous balance). But if this will be breakdown, the price will change its priority.
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 1-3 fixing movement.