Actually @haejin, I think we are hitting the top of a longtime, 2.5 month, downtrend channel. It remains to be seen whether the bulls can break us out of this channel. Until they do, I'll remain healthily skeptical:
I find it a little lower at this time than yours, but have not charted Bitstamp, as I see you do. Your chart would justify an upswing in the USD-BTC I did yesterday however, take a look :)
Your channel is not correct @stew
Channel is spot on. Which is why we are hanging at 11.5k.
I find it a little lower at this time than yours, but have not charted Bitstamp, as I see you do. Your chart would justify an upswing in the USD-BTC I did yesterday however, take a look :)
Trending lower volume while price trending down can be bullish. Regarding your notation. You can run out of willing sellers like @haejin noted here.