BITCOIN: 24h Trading Volume is increasing

in SteemLeo5 years ago

After a few days without any exceptional trading, at least by my side, we can see very good moves from BITCOIN now.

I am playing the strategy of Scalping which is the best option these days till we see a consistent breakage of the upper resistance line, which in my opinion must be around 7800 USD.

I have 4 positions set, distributed in different price levels between 6800 and 7600 USD. With them I am playing in price frames of 200 USD, setting buy or sell orders and watching carefully the 15m Timechart.

In the meantime, I am keeping observing an interesting formation of inverted Head and Shoulders pattern...

The neckline is placed on an inclined way... The breakage of this line may trigger the price higher in a explosive manner...

This pattern is projecting a target price around 8800 USD, not a bad start for a reversal move...if it happens.

Additionally, today the 24h trading volume has increased in 5 billions , from 21 to 27 b.

Let's cross fingers.

Enjoy!

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


Posted via Steemleo | A Decentralized Community for Investors
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Thank you for your analysis and price predictions.

You seem bullish on $btc

good luck on your trades, hope they play out well for you. let us now if they don't ;)

I’m bullish long term. What I am doing while scalping is accumulating. Cheers

Posted using Partiko iOS

seems wise, i've seen figures like $50k being proposed by the end of 2020.

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