A huge triange is formed. Be ready for the move. To determinate if it is bullish or bearish keep your eyes on volume. The main indicator is VOLUME for now.
On BitFinex and out of nowhere I just saw 15k ETH order go up at ask 198 just before ETH was going to cross 200 again. Someone slammed the order in there and now the entire order is trying to fill at 198. What the hell is going on? Either shorts are continuously trying to crush this or someone wanted in at 198.
@NoCode326, And it has completely stalled out. no buying. But now there's a 6k bid down between 195-197....2k just went at 198....There is a big move coming. Has to be.v
dtgq
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How do you determine the direction from volume, what are you looking for?