Volume down = price down NO matter how strong is support.
Just because Bull composite groups have not shown their "support" as of yet does not mean "support" does not exist. In fact, I'm not expecting the bull "composite groups" to reveal their "support" until AFTER we fall just below $5,920.72. THAT price point will be the point at which we begin to pay more attention as to whether this will result in a Wyckoff Accumulation or Distribution Schematic. I'm still leaning towards an Accumulation Schematic according to diminishing volume and what I'm seeing in my indicators. IF we fall substantially below $4,573.20, then Phase B of a Wyckoff Accumulation Schematic has been invalidated and we should begin looking for a Selling Climax; followed by a forming base to begin Phase A of a Wycoff Accumulation Schematic.EDIT: Early on in Phase B, the price swings tend to be wide, accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR (Trading Range) tends to diminish. When it appears that supply is likely to have been exhausted, the coin/stock is ready for Phase C. That is what we see potentially developing here.