Bitcoin - new idea, decreasing volume and slowly bounce

in cryptocurrency •  7 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)

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7 years ago by

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    • [-]
      ·  7 years ago 

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

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      ·  7 years ago 

    Thank for support

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      ·  7 years ago 

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

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    [-]
      ·  7 years ago 

    or like me :)

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    [-]
      ·  7 years ago 

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

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    [-]
      ·  7 years ago (edited)

    Me too, thanks for support :)

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    [-]
      ·  7 years ago 

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        ·  7 years ago 

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