Bitcoin volume is very suggestive
Updated
Hey look I've emerged from the abyss to post this really cool idea
BItcoin's volume (finex, stamp, cbase, average) is the lowest its been on the weekly chart in 5 years!
This appears to me to signal that there is no selling interest at this time and bitcoin will continue to trend up for weeks to come.
Stay tuned, happy trading.
Take a gander yourself by using: (BTCUSD+BTCUSD+BTCUSD)/3
BItcoin's volume (finex, stamp, cbase, average) is the lowest its been on the weekly chart in 5 years!
This appears to me to signal that there is no selling interest at this time and bitcoin will continue to trend up for weeks to come.
Stay tuned, happy trading.
Take a gander yourself by using: (BTCUSD+BTCUSD+BTCUSD)/3
Note
SELL volume that is, also yes we are in the middle of the week, so it could change a little from here, of course it's a possibilityNote
Hindsight, the low volume was suggestive of a bigger move, to the downside in this situation. Hard to say what will happen from here with halvening coming up and the world in global unrest. But, that being said, 4-6K is going to be a great range to get some BTC for long term.Note
Beef came back, and it's all buying baby. Bull market is looming near
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.