One of the most simple, basic and effective trend analysis is the volume
/trend analysis. BTC
shows the typical and strong exhaustion phase in late 2017, with price surging quickly and culminating in a parabolic blow off of equal proportion ( volume
). it can be appreciate the the similar action back in 2014, which culminated in a massive blow off followed by selling climax and a long accumulation and bull trend. Similarly in 2018 we have exhausted the selling power throughout the year and we just had one selling climax were the selling volume
has risen over the pressure seen in June but failed to reach a new low. Also the volume
has started to rise, this can prelude the accumulation phase to come. BTC
will head to 5.7k once again, with a probable fake out due to another selling climax, than you know what it comes next.
educational purpose only.