A possible senario for Bitcoin here. That large candle we have printed today has raised my suspicions. I dug in and found this, looks like we might come down to the 3rd support level.
I see the Volume zoomed out on the daily shows a lot of green in the beginning of this run, but we have not matched that volume on the latest run. This tells me the smart money was in early as the huge volume indicates, and is selling off as you can see rising red volume the last couple days. We know this cause everyone is buying in. only smart money is exiting. Follow the smart money, check the chart. and Lets go. Best of luck out there. My first post. But happy to help. not investment advice. xxwhitevaderxx.
I see the Volume zoomed out on the daily shows a lot of green in the beginning of this run, but we have not matched that volume on the latest run. This tells me the smart money was in early as the huge volume indicates, and is selling off as you can see rising red volume the last couple days. We know this cause everyone is buying in. only smart money is exiting. Follow the smart money, check the chart. and Lets go. Best of luck out there. My first post. But happy to help. not investment advice. xxwhitevaderxx.
Note
Well here we are. BTC has started its decent to the first level. There is a lot of emotion in the market and people do want to accept the facts that the chart will play out, But only to set up the hugest run we have ever seen in my opinion. How do I know this? Because of the amount of emotion that is poured into this Bitcoin. When it starts to go up after this correction, We will be amazed once again!! I will continue to update this trade. Not a popular one to go short, Hang in there. Good Luck!!Note
3rd target ht. Closed. on to the next. xxwhitevaderxx
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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.