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Bitcoin - Supply and Demand

COINBASE:BTCUSD   Bitcoin / Dolar
In this simple chart we can see that bitcoin             0.94% has two options, either demand comes in and pushes up higher in the bull channel or supply comes in and takes us lower, potentially below the channel to refuel for a bigger move to the upside. Bitcoin             0.94% is getting a narrower price spread and the volume is declining although supply seems dominant, this is a clear sign of consolidation, an explosive move is to follow afterwards. A move to the downside judging by the evidence is looking very likely. We need a move to either direction on wide price spread and more volume to take a safe position, this is not to say you can't get in early, however the game is about decreasing your risk, protecting your capital and increasing your profits. Patience is key, do not rush into a trade unless you have a plan and stick through it. Good luck.
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really clear and great TA
Balas
trading BTC is easy, just read the signals. right now its either going up or down, and after the move it will go up or down again. quick math
+4 Balas
majorlee bedarija
@bedarija, buy high and sell low?
Balas
@bedarija, this explains how trading is not equal profiting
Balas
Thanks for the update, though I'm not sure I understand. What's the conclusion? Hold for a dip and rebuy or buy now since the next move is up? Ultimately it's my decision, of course, I understand the disclaimer.
Balas
andypath triplea007
@triplea007, its either going to go up or down.
+2 Balas
Skatespeare andypath
@andypath, thanks for that sharp inside :p
+3 Balas
Skatespeare Skatespeare
insight :D
Balas
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