Gutfeeling

BTCUSD opposite presure idea.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello ladies and gents            

In this chart I am exploring the idea of the weekly volume trading opposite to the trend.

what i mean by this is that during the bull run i am targeting the the sell off volume candles while during the bear run i am targeting the buying volume candles.
What i have noticed is that during the bull run the sell candles are increasing in size creating an upward trend . During the bear run the buying candles form a downward trend.

my conclusion
the volume candle formed last week did not break the descending trend by quite a large margin meaning that we are still in bear territory.
The last candle is larger than the one previous to it though.. so time will tell.
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Gutfeeling winsoar
@winsoar, thank you for your comment!
Yes you are right but even if I remove the second candle (the smaller one) it will not change the basic idea!
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