Bitcoin rejected with volume surge, where from here?
As I said I was skeptical of the move up, volume was falling off, and we saw a return of volume with the price moving down. I am afraid these levels will not hold and we will drop down to the 5k area. From there I expect the fall to be a slow bleed out, that just doesn't seem to want to stop. Everyone keeps calling bottoms, but I unfortunately think they are wrong. I'm hoping I end up being wrong, but I don't think we have much bounce level at this level.
The STEEM / SBD ratio in the market has been tightly wound the past few days. Stuck between the .95 and .97 area. I wish we had a chart for this pair, it has some interesting movements.
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