VRC BTC POLONIEX
Under lower volume conditions and a slight upswing in BTC Prices vs the USD in the past 24 hours, it is possible V R C has reached a settled price range of 6k-6200. I would expect, that under these conditions that market makers will try to break the green bottom trend line with a push to weekly S1 5400-5500 area. A break out is still of course possible, however with every wic down below this green trend line, to me that shows a significant lack of buy support as price hovers between weekly pivot and S1.
The yellow channel is a potential forming down trend. If the USD Value of BTC continues to rise with strength, I would anticipate this downward channel becoming dominant.
This all being said, there is still a rather strong force in the market now as seen by the higher weekly Pivot's.
Within the Indicator window I have underlined in black potential consolidation, however volume doesn't seem to be there. Lack of sellers, or buyers which ever is the case.
RSI Levels: (As per trading view data)
1H: 46.01
2H: 43.12
3H: 40.99
4H: 39.79
6H: 45.79
12H: 40.73
1D: 54.49
3D:67.00
1W: 60.42
1M: 50.77
As always trade at your own risk. I'm no pro, nor am I a market maker. This is simply me sharing my thoughts with interested parties.
(I had to repost this as I forgot some data, sorry if that was confusing)
The yellow channel is a potential forming down trend. If the USD Value of BTC continues to rise with strength, I would anticipate this downward channel becoming dominant.
This all being said, there is still a rather strong force in the market now as seen by the higher weekly Pivot's.
Within the Indicator window I have underlined in black potential consolidation, however volume doesn't seem to be there. Lack of sellers, or buyers which ever is the case.
RSI Levels: (As per trading view data)
1H: 46.01
2H: 43.12
3H: 40.99
4H: 39.79
6H: 45.79
12H: 40.73
1D: 54.49
3D:67.00
1W: 60.42
1M: 50.77
As always trade at your own risk. I'm no pro, nor am I a market maker. This is simply me sharing my thoughts with interested parties.
(I had to repost this as I forgot some data, sorry if that was confusing)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.