Given up a lot more ground than I thought they would since $9400 without much of a fight. There have to be some battle lines set up here somewhere right? Kinda want to see some support set up at this point cause I don't trust anything that looks too easy anymore.
I don't think its a battle at all its more or less whos dominating the market at a given point. Bears are still there and they are closing their positions I'm sure of that, its just there are more buyers currently who are picking up the bear sells and pushing price upwards. Just as it was 2 weeks back when there were more Sellers than buyers pushing the price downwards. Currently the massive swings are at 3x febonacci level and easily can be within $3,200 down from a top or up from a buttom. The volatility comes from many misinformed investors who simply follow trends.
Mike_Honcho
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@vick2592, But isn't it more fun for both sides to picture horses and fire and Steve Carell killing a guy with a trident? :D
Mike_Honcho
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@vick2592, Seriously though, I totally agree I just expected to see more pressure from sellers at a couple points on the way up. But I may be missing something in the volume only looking at the tether pair chart on binance. Crypto is tricky like that with so many exchanges and arbitrage and a dozen fiat and stablecoin pairs so volume on any one chart may not be that reliable at reflecting total market wide buys and sells. Now I'm kinda curious if tradingview has a chart for that