Bitcoin : two possibilities (20 Mar 2018)
Hi Steemit Friend,
From Yesterday Bitcoin was kind of get into consolidation between $ 8500 - $ 8600 and recently the price is moving sideway also same as yesterday BTC dominance is at 47%.
Currently both price and volume is moving slowly and no aggresive move happened. I found previously when the price is try to go above $ 8500 but at the same time the volume is weakening then the price immediately collapse (position 1)
Now same thing happen again, the price is try to go up but looks like volume is not enough to maintain the trend (position 2). So I think the price possibly will go down in few hours ahead or maybe next day.
On the other side recently the price of ETHUSD is still consolidating and this indicate indecision between seller and buyers, also we can call it accumulation zone because it’s beggining phase before we see price will go up or down. So based from market correlation of ETHUSD the BTC price should stay sideway for a few moment.
Let’s See..
Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.