Hi Traders .
This post its for Bearish people out there .......
I see so many people out there think if Volume its drooping then price has to follow .. Not the case. First price do NOT have to do anything .. Over all Volume of the market its drooping that is all . But if you look on what volume its doing what . You can clearly see that supply volume in this trading range its decreasing . Im not saying demand its crushing and pushing up but IMO its buying all up guys . Yes we can continue little down ways with the price as I posted in my previous charts but that's NOT bearish guys. Until we see supply volume increasing its just simply accumulation and when supply dries out guess what ..... price goes higher . . This is rarely used analogy by traders and I think many don't understand it but it is how volume VS price action works . Maybe this is perfectly staged distribution and wee will get supply spike but In order for this to be bearish it would have to be larger then previous supply bars . I just don't see it that way at this point .
If this is distribution of large players . We will see supply volume increasing at higher price it would make no sense to drop bomb here.... (why for cheaper ? )
If im incorrect please share here and lets collaborate .
As always thank you for looking up . Thumbs are appreciated If you agree and like my post .
Happy Sunday .
This post its for Bearish people out there .......
I see so many people out there think if Volume its drooping then price has to follow .. Not the case. First price do NOT have to do anything .. Over all Volume of the market its drooping that is all . But if you look on what volume its doing what . You can clearly see that supply volume in this trading range its decreasing . Im not saying demand its crushing and pushing up but IMO its buying all up guys . Yes we can continue little down ways with the price as I posted in my previous charts but that's NOT bearish guys. Until we see supply volume increasing its just simply accumulation and when supply dries out guess what ..... price goes higher . . This is rarely used analogy by traders and I think many don't understand it but it is how volume VS price action works . Maybe this is perfectly staged distribution and wee will get supply spike but In order for this to be bearish it would have to be larger then previous supply bars . I just don't see it that way at this point .
If this is distribution of large players . We will see supply volume increasing at higher price it would make no sense to drop bomb here.... (why for cheaper ? )
If im incorrect please share here and lets collaborate .
As always thank you for looking up . Thumbs are appreciated If you agree and like my post .
Happy Sunday .
Comment:
www.tradingview.com/chart/wR2XT3bL/