Bitcoin Volume Has Gone Lights Out
100 day volume moving average is at a low level that is associated with previous panic-selling events marked by vertical lines.
If buyers don't show up soon, more investors will start to take profits and allocate capital to markets which are actually moving.
I can't make a bullish short-term case for BTC and I think another big leg down is coming.
If the same result plays out, it will be a great time to buy. Maybe even a market bottom. If you look again at the vertical lines, you'll see that price sold off hard both times. When things finally settled down, we put in a bottom that we never came back to.
If buyers don't show up soon, more investors will start to take profits and allocate capital to markets which are actually moving.
I can't make a bullish short-term case for BTC and I think another big leg down is coming.
If the same result plays out, it will be a great time to buy. Maybe even a market bottom. If you look again at the vertical lines, you'll see that price sold off hard both times. When things finally settled down, we put in a bottom that we never came back to.
You must be in the arena to win the game
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