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TraderJoeNY

$BTCUSD at Risk?

Short
Bitcoin (BITSTAMP:BTCUSD)  
TraderJoeNY  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators
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trendanalysis indicator
Bitcoin is the ultimate Musical Chairs trade.

Bitcoin's 21day avg volume is ~3,500 shares. At $57,000 a share, that's <b>$200million exchanged daily.</b>

$TSLA's 21day avg volume is ~30 million shares. At $675 a share, that's <b>$20billion exchanged daily.</b>

  • Bitcoin's market cap is $1.0 Trillion
  • TSLA's market cap is $640 Billion
Look at the Bitcoin chart, see the 3 red circles around the high volume peaks. Each preceded a Bitcoin rally. Look at today, a total lack of conviction. What if Bitcoin broke its up trend and went into a bear market? Watch the volume, it'll tell you what's coming!
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