Is volume on the bulls side??

22 thg 8, 2018Hey crypto locos!

Maybe I'm way too stoned but, since volume is an important piece of information the cart gives us, I found out that right now volume appears to be on the bulls side. Maybe I'm wrong over this analysis, but looking at the btc chart, what we notice is that the last big drop's volume wasn't too important, showing itself more as a retrace than a real drop in price. Let's wait and see if the EMA's crosses or not, and confirm if the 50-EMA finally declines or takes its job as resistance.
Well, well, well... the chart doesn't look so bad for bulls and if patience is a good and important key for any profitable trade, I for one will wait for that resistance to prove itself before thinking on any long or short entry. I will get in, that's for sure, bitcoin is here to stay.
Peace folks, war is over!

24 thg 8, 2018

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I wasn't that stoned after all, was I? It seems to be a short bull rally: the EMA 20 and 50 didn't cross, and though btc needs more volume to convince me about this kind of bull rally, the up-wards trend-line is holding as support in this wave up. Still waiting for price confirmation above 6.7k.
Peace