Hello Friends,
Just food for thought, notice how much volume there has been during the bull market? Hardly see the volume. Now looking at the bear market with a lot of green showing in Dec and Feb yet no price increase. Volume is necessary but showing here in this chart tells me another story. It only shows activity not much for where the price will go.
Since bots have increased in the crypto market, so has activity and I strongly believe bots obscure TA. All we are seeing for the most part are bots swinging back and forth making no sense of anything but pulling out 1% profit on a daily basis (as I have read regarding the bot plan). All we have been seeing is nothing more then the activity of bots and nothing more. Bots can do this given how cheap it is to execute a trade frequently. If trading fees were higher, there would be very little volume with bots, than TA would have a better chance.
What are your thoughts?
Details on the chart.
Just food for thought, notice how much volume there has been during the bull market? Hardly see the volume. Now looking at the bear market with a lot of green showing in Dec and Feb yet no price increase. Volume is necessary but showing here in this chart tells me another story. It only shows activity not much for where the price will go.
Since bots have increased in the crypto market, so has activity and I strongly believe bots obscure TA. All we are seeing for the most part are bots swinging back and forth making no sense of anything but pulling out 1% profit on a daily basis (as I have read regarding the bot plan). All we have been seeing is nothing more then the activity of bots and nothing more. Bots can do this given how cheap it is to execute a trade frequently. If trading fees were higher, there would be very little volume with bots, than TA would have a better chance.
What are your thoughts?
Details on the chart.