ConradAmericanDreamer

ConradAmericanDreamer

Above labels and describes Andrew Wyckoff's Accumulation phase. This is my case Their is strong support at the 6k level indication a strong possibility of a base forming. Bitcoin has tested the base line twice, once at Selling Climax where Institutions halted the selling and again just recently indicated by the large volume spike in the hour preceding the...

ConradAmericanDreamer

When Their is Bullish Price action, volume decreases, and thus does not agree with the rising prices. When Bear Prices increase, Bear volume increases along with it indicating a congruence and agreement. This simple analysis tells us that Bears are still in control on the daily time frame.

ConradAmericanDreamer

As Bullish Price Action increases, the volume decreases thus not agreeing. As Bearish Price Action increases, the volume increases thus agreeing. This indicates that Bears still have control based on a simple volume observation.