Bitcoin Volume Has Gone Lights Out
100 day volume moving average is at a low level that is associated with previous panic-selling events marked by vertical lines.
If buyers don't show up soon, more investors will start to take profits and allocate capital to markets which are actually moving.
I can't make a bullish short-term case for BTC and I think another big leg down is coming.
If the same result plays out, it will be a great time to buy. Maybe even a market bottom. If you look again at the vertical lines, you'll see that price sold off hard both times. When things finally settled down, we put in a bottom that we never came back to.
If buyers don't show up soon, more investors will start to take profits and allocate capital to markets which are actually moving.
I can't make a bullish short-term case for BTC and I think another big leg down is coming.
If the same result plays out, it will be a great time to buy. Maybe even a market bottom. If you look again at the vertical lines, you'll see that price sold off hard both times. When things finally settled down, we put in a bottom that we never came back to.
You must be in the arena to win the game
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
You must be in the arena to win the game
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.