Cumulative Volume Index (redliontrader.com) "This indicator is sometimes called up volume/down volume. It is calculated by taking the volume of the advancing issues and subtracting the volume of the declining issues. It is a cumulative indicator, so the value is meaningless. This indicator is interpreted the same way the advance/decline line is...
18 hour patterns over the last few days. First Down, Then Up, Then Down, Now Up? The last 18 hours looks similar to the 2nd 18 hour area highlighted in the chart. Whales have been consolidating again as we bounce off the big wave year-long support. If it holds we go up very soon. If it drops below $7,200 I'm headed for the hills.
This is the most excruciating, embarrassing, market-self-inflicted excuse of a wave 5 end-of-recorrection I've ever seen. The whales consolidated between $6,500-$7,000 over the last 2 days. There is no downward pressure. There is no where to go but up. Think about this dummies - we haven't been below $6,700 (besides the last 2 days of whale-consolidation) since...
BTC has continued to push upwards over the last 36 hours, creating higher lows while savagely slaying bear-driven downward pressure. BTC tapped $6,570 thirty-six hours ago before rebounding to $6,700 within 3 minutes. From there, highs above $7,220 were reached followed by multiple down-swings which the bulls easily defended. Currently, we appear to be in a...
Without a strong support line and such strong bearish sentiment from a majority of traders, why did we bounce off $7,810 so hard? *The volume spike at $7,810 could be whales propping up the price to create a bull market. I'm seeing solid support between $8,000 and $7,800. BTC tapped off $7,810 and ascended back into my projected range (Green). Did the whales buy...
I'm just looking for basic trends from the candles and volume since BTC's bottom yesterday (I.M.O). These might be clues about what is to come, at least in the short term. Of course if we zoom out, we're still within the downward channel. Many saying the 5th wave just started and we are headed to $5 or $6k. There is a strong possibility we see a 5th wave, but I...
Chart explains it all. From reading hundreds of analysts over the last 3 days, I realize nobody knows what is going to happen. BTC doesn't seem to be following any of the standard book patterns (unless we zoom out to 4 hour+. Anyways, if we hit bottom a couple days ago, this is a trend I'm seeing since. We seem to have a support line which we will find it very...
This analysis started with a simple look back at ol' grandfather bitcoin. With so much speculation, FUD, FOMO and all of the above surrounding BTC today - who can we turn to for answers? Bitcoin has stories to tell if you listen so gather around everyone it's story time! It allll started in small garage in the suburbs of san....ok, seriously now. Bitcoin has...
Watch it bounce back in next 6 hours!