BTC moving into sideways trend. A volume sell off still missing.
Lower and lower volatility is what is required to move into sideways trend / plateau before next bull run.
If you look at most boom and bust cycles (previous BTC cycles / nasdaq) there usually is a high volume sell off at the bottom, when things are most dire.
I still believe that has not happened yet.
Every dead cat bounce from Jan 2018 has been a slower and slower recovery, while the sell off has always been very sharp.
This trend needs to reverse and I believe there's lots of smart money waiting for 2 things:
1. Get out of this damned descending triangle, either up or down.
2. Find the high volume sell off bottom.
I think that both of these things will happen by end of October 2018.
Watch out for CBOE futures expiring on the 17th in a few days. This might be the catalyst that starts the last and final dip.
Hit the like button if you agree, if not leave comments! Thanks
If you look at most boom and bust cycles (previous BTC cycles / nasdaq) there usually is a high volume sell off at the bottom, when things are most dire.
I still believe that has not happened yet.
Every dead cat bounce from Jan 2018 has been a slower and slower recovery, while the sell off has always been very sharp.
This trend needs to reverse and I believe there's lots of smart money waiting for 2 things:
1. Get out of this damned descending triangle, either up or down.
2. Find the high volume sell off bottom.
I think that both of these things will happen by end of October 2018.
Watch out for CBOE futures expiring on the 17th in a few days. This might be the catalyst that starts the last and final dip.
Hit the like button if you agree, if not leave comments! Thanks
My opinions only not trading advice.
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