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RE: 1/22/2017 The Market View and Trading Outlook
I am looking at the 30 min chart and I really can't see the super low-volume bar. Overall the daily volume will most likely exceed yesterdays on the day before's volume. Also I have noticed that "reversals" in BTC volume (daily) are lower compared to the usual reversal volume in stocks. Unless you were speaking for specifically the 30 min bars. I agree with you, I am in cash position and feeling great!
https://cryptowat.ch/bitfinex/btcusd/30m On daily volume you may be right but a crypto reversal goes down down down, high volume, hammer, then a high volume up on the hourly or 30 that exceeds or matches seller volume then good.. an anemic stop is not a reversal...
that is the daily from the temp reversal at $9200 solid buyer volume to match seller volume but still less than the selling session two weeks before.. gonna take a bit of time.. but this below average volume we are having now is not recovery inspiring... :)
Ok, thank you for the feedback, I will keep that in mind. BTC has bounced off 10,350$ support on 15/30 min chart 4-5 times now.
You were saying?...;)
Tough times right now..easy to not be patient, to begin caring about the hourly chart etc.. Don't.. big picture, always the big picture...
Old school rule.. "volume precedes price."
“Price will not rise unless demand exceeds supply. Demand is measured in volume and thus volume must always precede price.”
Got any more great articles for me to read.. I liked the last one a lot..
Yes, yes I know I said that but forgot to add that it will break, if more volume come in. Well it came :) Which is the last you read, the BTC recap ?
Fortunately I still sit on cash, I did not do anything crypto-related today. Just watching and looking for something that I've seen before.
Same here.. I like you.. I think you are a good dude.. So lets play a game.. .1 SBD bet? what do you think the bottom will be.. closest one gets .1 SBD.. what do you think..? Maybe I could make a post and just give the proceed to someone, but that sounds kinda below my content.. I'm all in cash too.. just waiting to see what happens... So many people getting killed right now... I'm sure playing pick the bottom.. :)... Have an upvote..
Game on ! Give me the rules, who goes first ? Upvoted back - GOOD INFO BRO
No rules, just a gentlemen wager.. I'll go first..$6932 on Bifinex.. I know its low but I'm going full bear and that is the 3 day 77 for me.
Uhhh, very good! My pick is 5750$ on Bitfinex. Is there a BTC/USD on Bittrex ? I thought only USDT. Game on :)