BTCUSD SUPPLY DUMP! "Big Money" Just Sold. Sub $7,000 Expected
All you have to do is look at where the high volume came in. If you look at BTCUSD and zoom in to the 1 minute chart resolution, you will see that the high volume CAME IN AT THE TOP. High volume at top means only one thing, a majority of the volume came from BIG SELLERS. Supply was released, and sold to the FOMO buyers. Immediately after this supply release, volume dropped, and price dropped. This proves the volume didn't come from big buyers. If buying was dominant, then the price would not have come down, and volume would have remained high.
Volume tells you everything. This is a war between supply and demand. High volume pumps that get stopped is indicative of big sellers getting out of the market. The immediate drop in volume is also very suspect and reveals that the big money was getting out, not getting in as most think. The bull run will not occur until after we see high volume levels on a low bottom.
The big sellers will look to buy back in...BUT MUCH LOWER. They don't mess around. Expecting sub $7,000.
Volume tells you everything. This is a war between supply and demand. High volume pumps that get stopped is indicative of big sellers getting out of the market. The immediate drop in volume is also very suspect and reveals that the big money was getting out, not getting in as most think. The bull run will not occur until after we see high volume levels on a low bottom.
The big sellers will look to buy back in...BUT MUCH LOWER. They don't mess around. Expecting sub $7,000.
Comment:
AND....TADA! Look what happened..we just crashed down again. Volume tells everything if you can learn to read it properly. High volume pumps where the volume comes in at the top is NOT GOOD for price.