I flipped the Bitcoin chart upside-down to provide a different perspective. This isn't exactly a hypothesis that I subscribe to but I think we can certainly see that the selling momentum is at least slowing.
I'm still waiting to see which way we break out of the descending triangle before making a move, but I thought this perspective might interest a few.
To anyone who is curious, just add 1- to any ticker symbol, such as 1-BTCUSD to turn the chart upside down.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
If this chart that I do not understand means that while sellers are losing steam, but buyers are gaining steam. That’s great news. I worry that the volume will decrease even more and btc will flatline around 4 or 5 k for a couple years pretty much a mirror image of May 2016 to Jan feb highs of 2018. On another note. I knew once big banks/shorts/futures came out , the market would dip/promote the opposite of volatility.