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Gdpredador
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it is still a very modest volume. very shy. but what we want to see is something along these lines.
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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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Bitcoin is at the top of the 200-period average at 6am and at 99 at 1pm. although it simulates a recovery. the frequency is weak, it's just a matter of time before it goes down. This is reflected in the movement of altcoins that was absorbed in the upward attempt. and they are adrift. I could be wrong. but that is the much greater probabilities of a bottom breakout. he had his first demand brake. however without continuity. $BTC
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bitcoin is on a tightrope, altcoins have already shown several signs of demand. but bitcoin should come down, regions of interest are $86k and $76k respectively. altcoins should see a more moderate decline. because they are already in a fund with a strong presence of demand. and by the dominance of Btc you spun. It didn't fall but it made a pivot point.
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