last time we had this kind of volume we were in summer 2017
but price was not under 200 DMA -- price in the summer was already bullish, rising above 200 MA
we are still under MA -- this is because the same volume represents much higher bull/bear competition, trying to hold down BTC's price.
so you get the same volume for a coin that costs 4 times as much.
holding BTC's price down is a full-time job for those wanting affordable BTC
there are so many more bears pulling down the price -- but just so you remember, the reason for this is to acquire more.
anything being bid down is inherently valuable.
but price was not under 200 DMA -- price in the summer was already bullish, rising above 200 MA
we are still under MA -- this is because the same volume represents much higher bull/bear competition, trying to hold down BTC's price.
so you get the same volume for a coin that costs 4 times as much.
holding BTC's price down is a full-time job for those wanting affordable BTC
there are so many more bears pulling down the price -- but just so you remember, the reason for this is to acquire more.
anything being bid down is inherently valuable.
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Related publications
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.