The sell volume overwhelms the buys all the time and no confidence-inspiring news in the near future. Volatility increased as many long-term holders has probably sold out already.
We haven't entered despair phase yet.
Always watch the sell and buy volumes. Find the highest price to short.
(Scroll the chart to see description for the orange arrows) The November 2013 mega pump was mostly driven by Chinese speculators. And these speculators are very critical that their government will not allow Bitcoin to grow so big. bravenewcoin.com Ever since that time,...
In the media, a lot of sources have been releasing misinformation and a negative outlook on Bitcoin's future. My crazy mind says they are prepping to buy cheap bitcoins at the auction.
TA also indicates wave two is not over.
I'm not sure about all of this. But I think there will be bots pushing for a lower price.
So, I would wait for the moments before the...
Weekly trend has shifted into a bullish cycle. This will put a slight buy pressure. However, there is a growing long term resistance. Daily trend also shifted into a bullish cycle. Most charts also show a shift to a bullish cycle.