Bitcoin - new idea, decreasing volume and slowly bounce

in #cryptocurrency6 years ago

Hi my friends, here is Bitcoin chart.

btcusd 25.5.2018.jpg

  • In February price dropped to support 6600 USD, price react very quickly. Huge volume and fast bounce from support. For 15 days the price has increased.
  • At the beginning of April price again dropped to support 6600 USD, but price didn´t react. Low volume and slow reaction.

frist scenario - more probable (red arrow)

  • price drop to support 5500-6000 USD, I expect huge volume and price very quickly up and broken blue trend line

second scenario (green arrow)

  • price drop to support 6600 USD, low volume and slowly bounce up to retest blue trend line and then again down.

I think the price drop to 5500 will be better for the market and investors.

Majkee

( I am sorry for my English)

Sort:  

Glad to see someone being more realistic and not having a confirmation bias in crypto! Thanks

Thank for support

That's good for poor people like me...

or like me :)

this is very good news that bitcoin decrease cause i want to buy bitcoin.thanks for share

Me too, thanks for support :)

You got a 10.35% upvote from @upmewhale courtesy of @majkee!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!

https://www.earncrypto.com/earn-free-steem/?r=173685
the only place where you can put on video and earn every day you pick your coin and can withdrawl every day to binance, you can put 3 videos at same time and earn 3x.....FREE STEEM

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.028
BTC 63597.74
ETH 2476.06
USDT 1.00
SBD 2.53