Right now, the whole market is in consolidation, these little $10K, $5K profits are cool, but just wait a month or two. If you know a thing or two about volume, then you have already prepared your ship and set up some extra padding and support for this tidal wave that's about to come in
YESS i have said myself
I used you guys method to analyze chart and I have seen this volume patterns
i have marked on chart
to me it look like many people dump after all time high to take their profit, but still some people hold because think it will go higher. But these people that hold start dump and a little bit people continue hold
At this period today it look like everyone who buy before big all time high 2013 pump have sold, and now only remain new buyer
to me this is accumulation time
I marked that each dump has been smaller because less people remain to dump
The last dump was not so many people and that one was smallest, no i dont think price can fall any more so ii think accumulation has started now
please tell what your thoughts?
Yah if you have any kind of intelligence you can see whats happening with bitcoin. You said it purfectly there my friend
. Every dump has had less volume than the one before, so the price has slipped less and less each time. If someone was to show me that chart from the dates Apr 13 till now, I would say that it is looking like accumulation has began. So the boat ride is gonna be turbulent, alot of ups and downs as all the weak hands are dumps overboard and into the ocean
im holding on though, I have had my tunnel vision focused on this for a looong time. I can see where this price action is heading to = $$$