Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Well then. Here we are again...
Two things of note, to me.
1. We are knocking on the top of this trough as long as you ignore the crazy woowoo candle that happened on Stamp (I guess some leveraged positions swept)
2. The price is rising enthusiastically but the volume is NOTHING compared to the drop. This says to me AGAIN that the DROP was participated in by retail investors. But it is most likely that the recovery has been happening over the counter. This means OTC desks are where the buying is, and there is at least more retail involved in the selling. Par for the course.
Two things of note, to me.
1. We are knocking on the top of this trough as long as you ignore the crazy woowoo candle that happened on Stamp (I guess some leveraged positions swept)
2. The price is rising enthusiastically but the volume is NOTHING compared to the drop. This says to me AGAIN that the DROP was participated in by retail investors. But it is most likely that the recovery has been happening over the counter. This means OTC desks are where the buying is, and there is at least more retail involved in the selling. Par for the course.