#BItcoinDiamond Volume Analysis Prediction 9/10/2018

#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 resistance area 2.415-2.45.
We also allow the option if the price rolls back to the 2.032 ( POC level of the previous balance). But if this support level 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 volume .
  • Value Area (V A) – The range of price levels in which a specified percentage of all volume 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.

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