Shradosphere

#Bitcoin journey to #45000 level, converted 50% of trade #BTC

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi People, so what i saw here was that (yeah i saw it at 49K and now telling at 48.7K), their was a bump right after the sudden fall in march-apr time, and right after the bumb a couple stagnant candles, btc fell, one important thing was volume, which sorta showed that people were not buying just holding and in the market where active buyers arent there, if stuff rises its not for a much time and hence it falls back. In simple ways of understanding is the prices act like a democratic/decentralized system where you and I are part of the volume and if we don't think BTC is worth 50K and we don't trade (volume doesn't rise with price), that means price is doomed to fall (no trading lesson just my understanding of what i have seen so far). So here as well you can see an inverse curve of volume has formed with respect to the price rise, that shows, people are much more interested to trade in the market when the price goes down (shorter or sellers in general) as compared to buyers when the price went up, doesn't that show a relation that price should go down.

Action: What I did was I sold 50% of my trading btc to usdc. And of course I am a btc and eth maxi so will buy when it goes down

Note: This is not financial Advice just my own trading opinion and personal trade info, DYOR before investing/trading any crypto or coin, I do not take any responsibility of the loss assumed by you in any trade you took based on my analysis. Please do share your analysis as overall it helps the community and encourages participation, thanks for reading whole note, Please feel very free to type in your analysis or point, will be happy to read and reply as sharing information is sharing wealth. Good Luck!!!

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