BTC – much difference in vol and price change – looks promising
Hi Guys!
There is no wind on the crypto market today.
No major price changes on BTC or other altcoins.
Normally when we the BTC remains stable the altcoins rally.
Will it happen this time? Hopefully very soon.
We are waiting for this impatiently as well.
Besides that, there is one good news from the current chart.
As you can see over the last days we had a correction which is perfectly normal.
We also compared the change in the price and of the volume.
The price fell within the same period of time by 12% and the volume by 20%.
What does it mean?
It means that the price is stronger than the volume. It didn’t fall that much as the volume.
Their dynamic is not equal.
When the volume loses its momentum the price usually follows.
This time it happened but much slower.
This is very positive. No one is willing to sell BTC right now.
All we need is more demand.
More technical analysis details:
• Weis Waves – literally no one sells
• WBM BUY/SELL - We are in the consolidation mode – again not much volume
• Support/resistances - $7500 resistance is still defended – we are much more over $7000
When to buy?
When a significant signal on the demand site appears. Positive volume, crossing MA, EMA
In general, it doesn’t look bad. It is OK.
Nothing bad happens.
What do you think about price and volume observation?
Drop us a line in the comment section.
Hit a like to support.
Thank you for reading.
MASSIVE Hugs!
WBM Team
There is no wind on the crypto market today.
No major price changes on BTC or other altcoins.
Normally when we the BTC remains stable the altcoins rally.
Will it happen this time? Hopefully very soon.
We are waiting for this impatiently as well.
Besides that, there is one good news from the current chart.
As you can see over the last days we had a correction which is perfectly normal.
We also compared the change in the price and of the volume.
The price fell within the same period of time by 12% and the volume by 20%.
What does it mean?
It means that the price is stronger than the volume. It didn’t fall that much as the volume.
Their dynamic is not equal.
When the volume loses its momentum the price usually follows.
This time it happened but much slower.
This is very positive. No one is willing to sell BTC right now.
All we need is more demand.
More technical analysis details:
• Weis Waves – literally no one sells
• WBM BUY/SELL - We are in the consolidation mode – again not much volume
• Support/resistances - $7500 resistance is still defended – we are much more over $7000
When to buy?
When a significant signal on the demand site appears. Positive volume, crossing MA, EMA
In general, it doesn’t look bad. It is OK.
Nothing bad happens.
What do you think about price and volume observation?
Drop us a line in the comment section.
Hit a like to support.
Thank you for reading.
MASSIVE Hugs!
WBM Team
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