Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.
Look at the volume on the decline and guess what happens next.
Decreasing volume during a downtrend means sellers have exhausted their selling pressure.
WE GO UP
well it means there are more sellers then buyers even if the volume is low...
It does not indicate what the next big move is going to be.