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RE: BTC Bitcoin - April 18 Live Stream Technical Analysis - $8,500 range hit. Firm test of Support soon

in #bitcoin7 years ago

Hi Phil. How are you feeling about the overall volume? Just trying to compare it to eg February, when the rise from 6k to 11,7k was a lot more organic and and the volume was somewhat steady, even when zooming into lower timeframes. I’ve read that almost 30% of the volume we got the other day was due to forced liquidations (huge positions), and after that the volume has been just decreasing. So what IF after this correction the volume doesn’t start to pick up (a lot) – you still see 9,xxx as a possibility? I know that’s not all that matters, but still wondering. Thank you. :)

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bambi!!! i'm so sorry for your loss by the way. your mother will always be remember. I think the volume is diminishing which can signal a sell off. i do see 9k as a target but after we test a few support levels.

Thank you for your insight! And for your condolences. ;)