moreina

moreina

I paper traded a short, shown here as the first red dot, and got totally owned since I thought what I was seeing was absorption of demand. Price broke higher but now we have a reversal which has not reached the same level as the previous high. On the 3 min there is a major spike in volume followed by a direction change which strengthens this theory. Putting out...

moreina

Reposting this since I accidentally published it as a private idea and just realized it: BTC seems to have had a change of character, with supply overcoming demand in this last run-up. Massive volume with absorption, followed by a lackadaisical attempt to rally, with volumes decreasing and no gain. Expecting a decline from here on out.

moreina Updated 

The last 3 lows reversed after a lack of selling pressure, rather than a counter of buying pressure as evidenced by price closing at the lows. The reaction highs also showed price closing at the highs, indicating a lack of interest in the sellers to both push price lower and the repulse the rally of the bulls. The last low also failed to create a lower low, and...