The matroyshka doll cycle Accumulation and distribution unfold and confirm one another on all timeframes.
"The specialist resolves his day-to-day inventory problems with his intermediate and long-term objectives always in view."
Insiders. Specialists. Market makers. Big operators. Exchanges. Professional money. Wolves.
Investor. Speculator. Retail. Sheep.
Where in trend are we? We are currently in a downtrend.
Is there volatility, or is price consolidating? We are consolidating. The longer the period of consolidation, the more extended the reversal will be.
[But, are we in accumulation, or are we testing supply before the next markdown phase? Testing supply. The next markdown phase will begin soon.
Question: If the selling climax happens at the top and represents the specialists clearing out the remaining shares from their warehouses, how do they subsequently drive the price back down? Is testing supply them rebuying and then selling at every level, and do they lose money at this stage? It seems like they are doing an awful lot of work and are taking on risk continuously in their campaign to drive prices back down to an accumulation stage.
Alternatively: What do you make of the volume? It seems hopelessly erratic, and has reduced trading confirmation to a point where it is basically guesswork.
Great analysis! You can feel this in the market. Easy to lose money in a market state like this.
Eloquent
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Ether2020
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Great one my dear friend! I see it the same!
NoOneWhoIsSomeone
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Nice Analysis! We are seeing things very similarly. Two different perspectives but similar nonetheless. One will be correct!
entheogen
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I think Sentiment is going to be a better gauge than volume this time and it is low enough to signal the potential for an uptick
entheogen
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I'm starting to wonder if we can count on volume as a capitulation signal? Guess only time will tell. Volume can be unreliable on the upside as well - many large BTC trades happen under the table (like OTC deals for company Treasuries)