whats up with the volume oscillator ? its -19 and also below zero - what does that mean ? the volume related to the fall is dropping ?
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...or threes simply no volume ... i was watching it during the short pump this morning and figured it was a bull-trap and got out at 6700 - But I at least expected it to get to 6745
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it could also mean its dead sideways action ...Hmmm but -19 ..???
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actually -26
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i notice there was the same behavior in 2015 before BTC pumped upwards , but the MA200 in that case had already flipped to he bottom ,,,,which is not the case here ..
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i think if that oscillator remains below zero , BTC is going to drop ..but how high its going before it drops is the puzzle
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probably to the 63xx area is my guess
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BTC has good support at 6560
Exit to fiat if BTC moves lower than 6495 as this will mean a possible drop to 63xx or 61xx ,
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if BTC pumps and the volume oscillator still remains at below zero , exit at the next resistance point or just before it as it will most likely reverse back down
I suspect Mt. Finex has been playing games with the volume in order to manipulate the price upward (to protect their own hedge on CBOE), hence the 50-70 point arbitrage between it and pretty much every other exchange around. At some point, that too is going to fail. :/
@Cryptopile, cheers Lets see if we can bounce soon . Have you noticed BTC sneaks up at around 4:00 am PST.
This is about 7am NYC time so someone is playing some games in the Big Apple .
mycotoxin
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@Cryptopile, dropped again at 4:00 6645 currently ...the NYC folks drop it at this time every night .....go figure...
Cryptopile
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@mycotoxin, I didn't notice that, but good catch. I did find that some past pumps on finex happened at similar times on certain days. Then they mix it up and change it around. So then you can't rely on it.
Is finex up to something like trying to push the market up, but running out of power and mex/stamp just say stuff you. On the latest pump all the buy volume was from finex and not from stamp. Still 70 point difference at moment.
The weekly chart looks like it could be forming a bottom, but I look at something like silver that did a similar chart pattern, then crapped itself big time...
ANobleNerd
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This channel since $7350 looks like a text book dead cat bounce in an ABC correction that hasnt broken to C yet, watch for volume after the break.
mycotoxin
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@kyzser, but the stoch is already maxing and will flip downwards ..so it cant be moving far up ...ill give it 73xx max on a good run .
ANobleNerd
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@mycotoxin, I meant a continuation from $7350 a few weeks ago down to 5k or so.