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RE: 1/31/2018 The Market View and Trading Outlook (actual info)
Hey dude @haejin is the real guy and @heajin is a hilarious fake account made by Bernie.
I have no problems with the correction dragging on, or even 2018 being a bear market.. it is what it is... I'm curious though to what sort of scenarios might transform a bear market to a bull market? What causes a whole lot of investors to jump on something?
It does feel like since Institutional money got involved all the fun was sucked out of the market...
As volume dries up, there will be no sellers left at a certain point.. Keep watching the volume trickle down.. each successive selling cycle is coming on less and less volume now.. It's going to grind on a bit longer.. but it will end at some point when balance is found.. fixed the typo
As volume dries up and there are no more sellers... does that destroy the market entirely or does that transform it to a bull market?
Can you tell selling volume from buying volume. .. or is volume just movement?
Volume is volume, the only thing that really matters is if the bar is Red or Green as that determines who won the time period (buyers or sellers).. Nah, when the sellers run out, meaning nobody is willing to sell anymore, then that is the consensus that a bottom has been reached for the most part. Even the selling periods now are coming on lower and lower volume.. The market is never destroyed it just goes until it passes a balance point, and then swings back up or down to find it again; over and over.. BTC was so hyped that it shot up way to fast; accordingly it was out of balance so to speak. Pulled well away from all moving averages etc. Go look at a traditional stock and watch how the for the most part hang around their longer term moving average. When BTC was 3x moving average, something had to give and this is it.. Now as time passes the price comes down, the averages catch up and we will find balance to build on..