Get started
Bitcoin
Short

Weekly volume divergence and bearish reaction

By RockinHood
Here is one of the reasons why I expect the dump. Since this “bull” market started, there have been two trends in volume, and both are downtrends. Which creates a massive divergence with the price. The only volume candle that broke both trends with almost double the volume of the yearly trend at that moment - was bearish. Rejection from reaching 50k. Less and less bullish money is creating the price. FOR A YEAR! And bearish cash is there. Obviously.
Bearish PatternsBTCUSDDivergenceTrend AnalysisvolumeanalysisvolumedivergencevolumepriceanalysisVolume
RockinHood

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.