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RE: Crypto Analysis Report 5-8-18 BITCOIN...Did You Buy On The Pull Back at $9200???
Great TA! Pullbacks like this seem to be healthy to create good pivot points but I'm concerned on the dwindling volumes. I wonder if it is less people selling or less interest. Thanks!
Thanks. I have learned to chase price, due to pull backs, because that's what markets do. I haven't looked at the volume, but based on the candles, I think the buyers are exhausted at moment. I think you have some sellers, but price is in the middle of the range, so I think people are holding on to their positions as well. I think once we get an event (negative or positive), the volume will resume.