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At this point, it is ruled out that
Bitcoin
will continue to fall. volume entered bullish candles. To consider a sale we need to see the seller return to having volume on the bearish candles.
$BTC
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Christmas Eve. Do you really think everyone is on vacation? haha Will it continue to rise? maybe. But that's what I'm talking about. Until the moment I said it was a fall, I didn't have that volume. this rules out a fall. at least for now. see how volume is converging with prices. $BTC
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although bitcoin is rising with volume on bullish candles. the market is not confident, even with the dominance of btc plummeting, altcoins still do not seem to have much appreciation.
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pay attention to the volume on the sell candles. and as there is no volume in the return movement. absorption is very small. irrelevant. This is just a breather to drill that bottom down. even more so considering the top context with seller divergence and continuity. bitcoin is almost on the Kiss of death. It's not the end yet but it's a distribution
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There's a time to buy. of selling and doing nothing. Now it's time to do nothing. wait for bitcoin to bottom. hard to say what will happen with altcoins. Better to stay out of it for a moment. We already have a region of demand. It shouldn't be much more than that. but it's good to wait.
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Imagine many people wanting to buy bitcoin. Would this generate huge trading volume? correct? now as there are many buyers. they are attacking the sellers. what I mean to say. the price starts to rise because there are many more buyers than sellers at the price level. consequently you will have a large trading volume on bullish candles. because there were many negotiations, with many more buyers than sellers in that period of time. Do you understand the importance of volume? volume validates price movement. movement without volume is pullback. $BTC
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