funkin

volume moving average + price action for btc

Short
funkin Updated   
BITFINEX:BTCUSD   Bitcoin
noting a few points where the volume has dropped to sustained low averages, we can spot a trend of significant price action response with the return of significant volume.

leaning slightly bearish on the short term for btcusd as alt coin volume is an outlier. alt coin volume was drastically lower over all of the time captured in this view until the last few weeks.

Comment:
volume never made it back above the levels highlighted... invalidated mid-September really as it volume dug even deeper.

we have been in this very low volume environment since then and am yet to see signs of it returning

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