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We are having rising Crypto prices while the volume is rapidly going down. Yeah, this is no reversal.

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by COINS NEWS 105 Views

Many have been looking very enthusiastic in the recent price rally of Crypto where even went above $1T market temporarily. For some it's even the reversal after a capitulation at 17.6k but honestly many indicators are not looking good and basic out of all those is trading volume. Right now the trading volume is rapidly going down while prices are going up.

What does this mean? It's basically means that prices right now are only rising because barely anyone is buying or selling. Low volume and high prices is always bearish and shows that once the volume even increases a bit the whole direction will change.

I know that we don't know shit about fuck but this is basic trading volume and price relationship. We may very well pump up and this is the end but right now I would say to go with the trend and not oppose it and the trend is clearly bearish.

submitted by /u/partymsl
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