Microanalysis: "Forest for the trees but the trees still make the forest"
BTC bulls are petering out on momentum and volume in the short-term and just double-topped, failing a wedge breakout. While the wedge could still break to the upside after a small pullback, it still probably wouldn't see much traction as numerous indicators point to a correction soon.
A...
As I've said before. Volume divergence is the mark of a weak market movement. Smart money is not buying right now. The peaks of volume have coincided with selling from levels like the one we're currently at, so we should see more of that to come. The price in the last rally and today has gone up on the lowest level of volume we've seen in months.
Down it goes
