milchek

BTC - Low Volume Bounce = Not the Bottom?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
169 0 1
Just a quick note and Idea. I mentioned in the chart yesterday that we'd probably be back here, but it was really just a guess based on the sentiment shift last time on the way down to $6k and because the exact same pattern played out.

At the moment, I'm waiting for the "bottom" and right now this weak volume doesn't appear to be it. I would expect a huge spike, what do you think?

Highlighted yellow boxes show previous bounces from bottom and significant difference in volume at these points.
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