Hi Steemit Friend,
Yesterday Bitcoin was bounce after hit $ 7350 and recently it’s trading at around $ 8300 after the price was jump about 12% with BTC dominance about 47%.
Currently both price and volume is began to increase, I don’t see any divergence or disagreement between and it’s indicate that bullish movement is fine and will keep push price higher, maybe some consolidation will occur for a few hours ahead.
On the other side recently the price of ETHUSD is consolidating but looks like the volume is not good. I see that price is lagging behind volume because volume was hit the line but the price doesn’t. Volume compared to BTC is not same and from market correlation perspective I think there are small chance that bullish movement of BTC will be affected.
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.
Good conclusions here.
Watch for a double bottom. If it does and breaks the 7.2k support you may see it drop to the mid 6k range.
very interesting if that happen, I'll buy the dip :D