Why currently is bitcoin volume decreasing? Mostly happens at the top of a cycle. Last time this happened mid cycle there soon after bitcoin had a 38% shakeout.
I imagine that for BTC to achieve the price highs in which people hope for its only inevitable now that it breaks its long term divergence with the top indicator.
Be interesting to see how this plays out.
I imagine that for BTC to achieve the price highs in which people hope for its only inevitable now that it breaks its long term divergence with the top indicator.
Be interesting to see how this plays out.
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With 4 days left and volume dwindling hard to imagine that this candle will change much -I have posted this chart for sometime now about the divergence that bitcoin is currently facing in its price action.
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Guess it would be hard to believe but charts do not tend to lie
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If bitcoin loses its trendline then this very well might confirm the top.
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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.