It is a very Unique Pattern Formation on BTC this year... But I always like to think against the consensus.
Take a look at volume for a while, can you see any sign of power in this last Dump ?
Looks like there are just a few traders Selling, maybe the ones that bought in last Pump.
So I am all my eyes in This Support now.
As I understand this speculation game:
Buyers are now Thinking: - Why should I Buy Here at this point if Sellers can sell me cheaper ?
But Sellers are starting to think: - I am selling but no too much..
If BTC shows any sign of power for Pump, the game changes for:
Buyers: - Alright, this point is maybe a good point for entry..
Sellers: - Oh well, Some buyers there, I am going to stop selling my pennies..
I still want to buy deeper, but this may change, just like everybody in There...
Take a look at volume for a while, can you see any sign of power in this last Dump ?
Looks like there are just a few traders Selling, maybe the ones that bought in last Pump.
So I am all my eyes in This Support now.
As I understand this speculation game:
Buyers are now Thinking: - Why should I Buy Here at this point if Sellers can sell me cheaper ?
But Sellers are starting to think: - I am selling but no too much..
If BTC shows any sign of power for Pump, the game changes for:
Buyers: - Alright, this point is maybe a good point for entry..
Sellers: - Oh well, Some buyers there, I am going to stop selling my pennies..
I still want to buy deeper, but this may change, just like everybody in There...
