BitCoin price rebound condition

BitCoin price rebound condition


BTC

Unfortunately, what I wrote a week ago is still valid. There are no clear indications that the price of the oldest cryptocurrency should rebound to earlier levels. The rules and signals are still the same. The trading volume is on the sellers' side and the trend line continues to show ever lower highs. Breaking the marked line from the second image will give us the first signal for a possible stronger break. Exceeding the designated line should take place at increased turnover, i.e. the volume should increase during the price increase, just the opposite as it is now. In the first image, it shows what is all the time, i.e. the logic of reading the volume.

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Cryptocurrency markets analysis
Cryptocurrency markets analysis

Subjective view of the cryptocurrency market. Analyzes made on the basis of technical analysis used in financial markets. All analyzes are my view of the market. It is not recommended to make commercial decisions based on the information provided. You can check all my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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