UnknownUnicorn2804040

Volume Divergence / Coincidental Volume Spikes, hmm...

Short
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
Volume divergence to me is valuable, it says a lot if properly examined. So the the main thing that is obvious here is the bearish volume divergence. The late 2017 high compared to the mid 2019 high, with volume compared shows clear divergence. This should have been a big warning sign as it formed. Something more interesting is if you closely examine the price and volume structure you see a series of patterns that emerge. As you can clearly see going all the way back to 2017 there are a series of volume spikes that coincidentally appear at somewhat strategic points. In the market if you want to say theoretically push the market down, for what ever reason. You would first need to push the market up, this is cause and effect. By this cause/action of swiftly pushing the market up you can actually create the desired effect/reaction of causing either a swift pullback, or preferably a slow more controlled pullback that extends over a desired range of price and time. It is very evident that over the numerous examples posted on this chart of blow off tops, or just swift moves up, there seems to be a correlation of these events at somewhat strategic points. What I feel should be taken from this for instance the 12/18/19 rally earlier today. It appears to be just another strategically implemented cause/action, that if history repeats should complete the similar effect/reaction of numerous previous incidents. If you have taken today as a good sign, and not truly looked at what has really happened. You have only fell into yet another of a series of unfortunate events, in my opinion designed to separate you from your coin. Be safe out there, happy trading. Cheers...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.