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RE: As goes BTC, so goes the market.

in #bitcoin6 years ago

Volume is extremely low across the board. It's difficult to buy anything in size, and to sell as well. The old saying is to never sell a slow tape, but the reality is that any kind of even medium sized buying or selling could cause a break either way. On thing's for sure, buyers are being very patient. It looks like an accumulation environment, but again, it could always break a notch lower giving accumulators even better prices. As long as buyers stay patient . . .

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We need some sort of good news to raise the volume across the board, we have been on this ditch for too long... at least things aren't looking as grim as when the market was at the 230-250b cap after the total capitulation.

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