This pullback scales correctly against the preceding rally. While retail investors are scared out of their wits, many see this as a buying opportunity.
Note
Note
I have been identifying trends using my newly coded indicator, "Time Series Long vs Short Volume (TSLSV) beta." The first three vertical lines are located at the lowest point of previous market dips.
The location of the last vertical line is what I am observing.
It does have a correlation to the last three previous dips in that the short volume is higher than the long, AND both are increasing at the same time.
This is not an occurrence that can be observed at any other point in time which indicates that it has uniquely identified the bottom of bitcoin 3.43% dips in the past.
Because of the absolute dominance that bitcoin 3.43% has in the cryptocurrency market, it is likely that a bottom in bitcoin 3.43% would translate to the bottom for other crypto coins.
Hopefully, this will trend will continue.
Happy Trading
Note
Classic.Note
Bitcoin 4.0
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
Related publications
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.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
Related publications
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.