rook2pawn
Short

Increasing Price, Decreasing Volume. Rally but buyer beware.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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The charts are screaming at you people, the price is increasing, bouncing off the 9k levels and every single day the volume grows less and less (although admittedly not by much)

When this happens I fear a reversal is imminent. That's just my prediction but its based on what's staring at us in the face on the charts.

Volume doesn't lie.


I suspect most of the buyers are those who are re-entering, but there's ALOT of money sitting out on the sidelines. Very unlikely that 400 billion is sitting there waiting to buy at 10K IMO .

Look for a better deal, stay vigilant. There is money to be made in day trading the BTC (and I suspect the LTC market now after this recent bullish move by LTC)

Stay frosty, be streets ahead!

Comment: Point #1 Rising price, Volume decreasing on the 4h and daily

Point #2 Rising Wedge, It is bearish. Bounces off 9K.

These facts are indisputable.

It is never a better time to wait it out.
#GoodNews.
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It was a symmetric triangle brother, it usually goes with the trend. Up goes up as it did.
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