nukenowakowski
Long

BTC Exploring a no volume state

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here I am investigating the trend of BTC             when we see it return to a low volume state. The main indicators here are volume based - only the fibonacci resistance arc doesn't follow the volume .

My take-aways:

  • BTC demand remains positive in low volume environments, more often than not
  • Price tends to CLIMB in low volume situations more often than any other price action
  • Volume doesn't neccesarily need to pick up for a rally to begin
  • Accumulation appears to have begun to take place around the $10,000 threshold

Shout out to @us.ira90 for pointing out I needed to edit my Ichi cloud. (Great eye and thanks!)
Comment: Corrected chart (Ichi cloud)

Comment:
Adding Mr. @us.ira90 to the post itself didn't "tag" him apparently? So I'm commenting to give him the respect he earned! Great eye, and thanks for catching it!
Reply
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