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Volumespreadanalysis

JICPT| BTC seeking support from recent low around 33K to 35KHello everyone. BTC has rebounded by approximately 40% after being stopped at key supply zones where 200EMA & anchored VWAP are sitting as marked in the chart. if you look at the candle formed on Jan. 24th, the abnormal huge volume and thin spread candle may get your attention. It was followed by thin spread candles with volume reduced drastically. In my view, I think sellers are tired and buyers can relatively easier to move the price higher, until it came to the level of 45K. The candle pattern made me a bit disappointed, because I'm bullish on BTC. At lease, give me one yellow volume bar. The 2nd revisit was definitely a failure due to the low volume. I think BTC is forming sideway structure(accumulation) . I would be interested in the bottom zone(33K to 35K). What do you think? Give me a like if you're with me.
BITFINEX:BTCUSDShort
by JICPT
JICPT| USDCNH testing policy bottom of Chinese governmentHello everyone. USDCNH created a recent new low since May of 2018 when the trade tensions between US and China emerged, followed by sharply depreciation of Renminbi. With the help of strong export in the past two years, Renminbi went against the greenback by 12ish%. If the Renminbi becomes too strong, it'll undermine its export competitiveness. There was no wonder that the government held two meetings last year when the pair touched 6.35 (policy bottom), reclaiming the double direction movement of the currency. The government also raised reserve requirement ratio for foreign currency twice from 5% to the current 9%. I reckoned it as a signal to prevent it from further appreciation. So, how does the market react? Does the downtrend of USDCNH get reversed? Not yet from the chart. What got my attention is the 400 bullish daily candle on Jan 27th with huge volume compared to nearby candles. I guess it was sort of a intervention and I don't believe the big movement was created by retail investors. Then, there was huge volume bar(golden) candle with thin spread, suggested the battle between buyers and sellers. It seemed that buyers took a watch attitude since then. Now, the nearest control high is 6.36-6.38 . Until this zone got violated, the pair may start accumulation to form a sideway market before coming up. I'm expecting another big bullish bar soon . What do you think?
Long
by JICPT