Hello all,
We have to start to make a follow up very closely to bitcoin in weekly chart.
The price stop in the support of fibo 61.8 of the whole up trend. The price is dead in that zone for several weeks.
The key point of this week or comming weeks is the volume, The green line (LONG VOLUME) is very close to the red line which is the SHORT VOLUME.
My System is clear, one the green line crosses over the red line (we have to wait until sunday night, we are looking to candle closed) we will have a long trade for Bitcoin.
The resistences are also clear, anyway, the volume is the boss and we will follow all up trend meantime the long volume was over the short volume.
My system is clear but the volume setup is different for each asset.
Have a good day.
TradingconFibos
We have to start to make a follow up very closely to bitcoin in weekly chart.
The price stop in the support of fibo 61.8 of the whole up trend. The price is dead in that zone for several weeks.
The key point of this week or comming weeks is the volume, The green line (LONG VOLUME) is very close to the red line which is the SHORT VOLUME.
My System is clear, one the green line crosses over the red line (we have to wait until sunday night, we are looking to candle closed) we will have a long trade for Bitcoin.
The resistences are also clear, anyway, the volume is the boss and we will follow all up trend meantime the long volume was over the short volume.
My system is clear but the volume setup is different for each asset.
Have a good day.
TradingconFibos
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Finally the weekly candle un Sunday the long volume does not crossess over the the red, so there is not LONG. In Fact, in daily chart the system shared a short. I will post it right now