BULL RUN IS ALREADY OVER?
Report analysis January 13, 2024
The analysis is using the correlation of
TOTAL3 volume as the parameter aligns with the
BTC price
Findings
The first price spike, as we can see happening at 9 nov 24 until 8 dec 24. The volume spiked from around 398-400B dollars to 560B and hit the peak at 572B. It was around 140% increase, followed by the BTC price that spiked 34.6%. At this time, as we know, tons of news is following, but the biggest news was the election of President of the United States, Mr. Trump, who's pro-crypto.
.
But here's where the problem occurs. Right after 9 dec 24 until now, most of the time the volume is below the median level of the previous period marked. This is raising problems and questions.
.
Does this be the end?
Does the bull already over?
.
Even from the alt coin perspective, we didn't see any signs of bulls. Yes, the price does spike, but at the marked period only. Maybe, just maybe, this is it. The market is getting more efficient; filtering is already done by the market maker, which we know is the consequence if we want a mass crypto adoption. "Clean up the market session.".
.
.
Notes
This report was conducted based on the data gathered at the tradingview only and the news surrounding the internet.
XCO IS BACK
#BTC #BULLSeason #Cryptocurrency #TOTAL3 #Altseason
The analysis is using the correlation of
TOTAL3 volume as the parameter aligns with the
BTC price
Findings
The first price spike, as we can see happening at 9 nov 24 until 8 dec 24. The volume spiked from around 398-400B dollars to 560B and hit the peak at 572B. It was around 140% increase, followed by the BTC price that spiked 34.6%. At this time, as we know, tons of news is following, but the biggest news was the election of President of the United States, Mr. Trump, who's pro-crypto.
.
But here's where the problem occurs. Right after 9 dec 24 until now, most of the time the volume is below the median level of the previous period marked. This is raising problems and questions.
.
Does this be the end?
Does the bull already over?
.
Even from the alt coin perspective, we didn't see any signs of bulls. Yes, the price does spike, but at the marked period only. Maybe, just maybe, this is it. The market is getting more efficient; filtering is already done by the market maker, which we know is the consequence if we want a mass crypto adoption. "Clean up the market session.".
.
.
Notes
This report was conducted based on the data gathered at the tradingview only and the news surrounding the internet.
XCO IS BACK
#BTC #BULLSeason #Cryptocurrency #TOTAL3 #Altseason
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.