BTC/USD Overview
Take a look at this daily chart. Do you see that Volume is totally decreasing since April? And price slowly is moving down.
On the chart, I drew the red circles from which price bounced up with big Volume. It is a keys levels for big players, because many traders hide their stops under $6000.
Just imagine if you are a whale, for getting enough profit from the deal you must to accumulate a big position (for example 1 billion or more). If you want to buy that means someone must sell that size to you.
That's why price in the range most of the time. If there is a trend moving, that means big players did their job and just move price in their direction.
I think BTC will decrease to key levels. The best place for open long is near Buy Zone $5400 - $5100.
The goal will be $10 000 or $11 600
On the chart, I drew the red circles from which price bounced up with big Volume. It is a keys levels for big players, because many traders hide their stops under $6000.
Just imagine if you are a whale, for getting enough profit from the deal you must to accumulate a big position (for example 1 billion or more). If you want to buy that means someone must sell that size to you.
That's why price in the range most of the time. If there is a trend moving, that means big players did their job and just move price in their direction.
I think BTC will decrease to key levels. The best place for open long is near Buy Zone $5400 - $5100.
The goal will be $10 000 or $11 600
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