Watch the previous obliterations of BTCUSD pricem which I have noted on the chart.
A 10% drop and a 30% drop.
Now correct me if I am wrong but these were more event driven than anything as the wonderful market manipulator (Chinese government) came out and made disparaging remarks about Bitcoin (wonder how much insider shorting or selling happened).
They threatened to close exchanges and not allow crypto to be used in startup company investing.
Now.....put all that aside, and crypto traders. Put aside your charting tools.
Take note of the orange lines I have market on the chart where volume completely disappears.
Gains on no volume always tell me to get ready to hit the sell button or tell the algo to ;) or go ahead with a short.
Both precipitous drops were preceded by this trend in volume which is common across all tradeable asset classes.
(another reason to accept crypto? it is just like the rest of the securities lol)
Btw can people help me get to this 50 reputation points thing? I thought I had a reputation when I logged on here hahaha. Thanks.
A 10% drop and a 30% drop.
Now correct me if I am wrong but these were more event driven than anything as the wonderful market manipulator (Chinese government) came out and made disparaging remarks about Bitcoin (wonder how much insider shorting or selling happened).
They threatened to close exchanges and not allow crypto to be used in startup company investing.
Now.....put all that aside, and crypto traders. Put aside your charting tools.
Take note of the orange lines I have market on the chart where volume completely disappears.
Gains on no volume always tell me to get ready to hit the sell button or tell the algo to ;) or go ahead with a short.
Both precipitous drops were preceded by this trend in volume which is common across all tradeable asset classes.
(another reason to accept crypto? it is just like the rest of the securities lol)
Btw can people help me get to this 50 reputation points thing? I thought I had a reputation when I logged on here hahaha. Thanks.