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blessmywork
2. Febr. 2018 05:24

BTC Exploring a no volume state Long

Bitcoin / DollarBitfinex

Beschreibung

Here I am investigating the trend of BTC when we see it return to a low volume state. The main indicators here are volume based - only the fibonacci resistance arc doesn't follow the volume.

My take-aways:

  • BTC demand remains positive in low volume environments, more often than not
  • Price tends to CLIMB in low volume situations more often than any other price action
  • Volume doesn't neccesarily need to pick up for a rally to begin
  • Accumulation appears to have begun to take place around the $10,000 threshold


Shout out to @US.ira90 for pointing out I needed to edit my Ichi cloud. (Great eye and thanks!)

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Corrected chart (Ichi cloud)

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blessmywork
Adding Mr. @US.ira90 to the post itself didn't "tag" him apparently? So I'm commenting to give him the respect he earned! Great eye, and thanks for catching it!
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