In this uptrend, we can see volume dropping.
Can this suggest a top? Or will we see another push to ~100k area? I wish for scenario two, but would be prepared for "the worst".
Can this suggest a top? Or will we see another push to ~100k area? I wish for scenario two, but would be prepared for "the worst".
Comment:
Based on a trading guide I just read - Decreasing volume + increasing-price = uptrend not supported with volume. And we can see this is happening since January. With a peak supporting uptrend ending somewhere at 42.5k.
Since then volume is decreasing. I would see a resolution somewhere before May, near the end of April (which will be probably very good for alts).
There is also triangle forming which suggests resolution somewhere between the 11th of April - 16th of April.
In case we push above 60k and volume would increase there could be another nice run. On the other hand, probably retest of 42.5k
Since then volume is decreasing. I would see a resolution somewhere before May, near the end of April (which will be probably very good for alts).
There is also triangle forming which suggests resolution somewhere between the 11th of April - 16th of April.
In case we push above 60k and volume would increase there could be another nice run. On the other hand, probably retest of 42.5k
Comment:
Look at "Are we at the top? #2" with an updated graph.
But maybe this alts gains pumping into BTC would "safe" this forecast.