Bitcoin - new idea, decreasing volume and slowly bounce

majkee (53)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)

#bitcoin #crypto #steemit #news

7 years ago in #cryptocurrency by majkee (53)

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technicalanthony (33) 7 years ago

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

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1 vote

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majkee (53) 7 years ago

Thank for support

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sumonflair (43) 7 years ago

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

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1 vote

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majkee (53) 7 years ago

or like me :)

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polash66129 (2) 7 years ago

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

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1 vote

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majkee (53) 7 years ago (edited)

Me too, thanks for support :)

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1 vote

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