Excellent observation Brisance. It's nice when you can get a pre-confirmation from the other side of the equation while doing TA.
Even if the wall-whale doesn't pull out I don't think we will slide very far, unless people are getting antsy/panicky from this lack of volume. These feelings are not founded on anything in particular, just my gut.
Even if the wall-whale doesn't pull out I don't think we will slide very far, unless people are getting antsy/panicky from this lack of volume. These feelings are not founded on anything in particular, just my gut.
True, there really is nothing to give any indication of any huge sell offs otherwise it would have happened already. I must have counted at lest a dozen times we went above and below 900 and the market wasn't bothered in the least.
To be honest the issue with Gox shutting off it's live websocket and changing to an api provider may have had some effect on traders. I noticed a decent uptick when Clarkmoody came back online and trading view took awhile to adjust as well.
I certainly think and it's just my intuition we will see some form of a decent market direction/movement by as early as tomorrow but no later than Sunday close of the US session.
Glad I could throw my two cents in and help out.
The market indicators are screaming out for one last try higher. 870 keeps holding were looking good.
https://www.tradingview.com/x/BebYpxQT/