cryptobing01

why is everyone ignoring the volume?

Short
BITSTAMP:BTCUSD   Bitcoin
The volume profile compared to 2014/2015 is absolutely terrible. When the last bull market started it was on increasing green volume with a huge green spike to kick it off. This move has been the total opposite. Plus with such a huge gap to fill (from the 6k to 3k drop), it is only natural that the market corrected. I fully expect one more lower low, however if this is the bottom the a retest of the 3100-3300 area is sure to be seen.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.