The first breakout no one expected. There was a huge volume and the price moved so much and so quickly.
Then there was a second up move with a similar volume, the price did move up but this move was a bit smaller.
The third large move was after the fake triangle break out, this one has a smaller effect on the market.
Shortly thereafter there was a 4th buy with just about the same volume. This time however the price barely moved up at all, and was unable to reverse a newly formed downtrend - the blue line.
Should this pattern continue in the same manner, the price would move roughly like this, in a circular motion.
Then there was a second up move with a similar volume, the price did move up but this move was a bit smaller.
The third large move was after the fake triangle break out, this one has a smaller effect on the market.
Shortly thereafter there was a 4th buy with just about the same volume. This time however the price barely moved up at all, and was unable to reverse a newly formed downtrend - the blue line.
Should this pattern continue in the same manner, the price would move roughly like this, in a circular motion.
Comment:
Try hards
Comment:
Comment:
Someone just destroyed a 5000 BTC sell wall on Bitfinex.
Comment:
Now there is a 6000 BTC sell wall. Let's hope it holds.