More constipation

26 de jun. de 2018

Not much to report here. The booger bull flag I saw in my last chart behaved as I expected for the top end, but we didn't immediately fall into the piss lake below. Instead, we caught onto the shit rope that is 28 day moving average, but with no volume accumulation we won't be able to hold on for long. If we do we will get smacked back down from 6300 or the 50 day, which is not far from it. We also started a reversal from the 9 to the downside and we are only on a 5. I expect us to retest 6000 again soon rather than break up. No trading for me.

26 de jun. de 2018

Nota

I have to add something. It's more for my own records when I go back to my charts much later and see if things went as I thought. It's something I don't really know how to articulate in these graphic tools, so text is easier. I also risk being completely wrong, but I need to document it.

It's something that I see easier on Binance regarding volume. They keep a real time ticker of how many hundreds of millions are flowing through bitcoin trades. The volume is low and right now the price is trying to hold or even increase while the numbered volume ticker is steadily decreasing. It's very subtle, but I think it's bearish and this also factors into my analysis as well.

26 de jun. de 2018

Nota

If you know of a tradingview tool that allows me to view Binance's numbered trade volume ticker within this site, (that I described in the above update) please let me know.