This is a typical volume analysis that anyone can do. Take a look at the 1st arrow on the screen, and compare two equivalent volumes per hour. They just pushed the price below 8800, right? Now note the 2nd arrow on the screen. The same volume, but the price didn't go below 8500. Now the sellers want to do a test of 8500. And we are going to understand who is stronger at this level. Do you have any clue how? Like, and find out.
With ethereum a few days ago they needed a big volume, 8 for example to go down 64$. today they needed a volume 2.5 to go down 50$... It looks very Bearish... not bullish at all...
Wavema
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not good at all.....
zorro2003
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I think it will go up to 11000 and then correction to 5000$.
Wavema
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@zorro2003, bears prefer the correction first I think so ^^
Oups... small drop... 8600$ to 8400$ in less than 10minutes...
VARZAR_INVESTMENT
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very low amount of likes
Wavema
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@VARZAR_INVESTMENT, Thanks a lot for this warning ;) I was thinking something was going wrong... Then I read this... verified all parameters.... It smell drop ! And put a stop very very short. 10mn later... drop ! I lost nothing :)