No count update yet, as I would like to see more price data first. But I found something interesting.
We have a volume spike in yesterdays daily volume.
The volume was higher than the volume in wave A:
While a red volume candle means more selling than buying volume, a green volume candle means more buying volume than selling. So overall volume was higher and it was more buying volume. Does this mean that the low is in? We will find out soon. But I still favor a final drop like shown in yesterdays post.
You can read about it here again if you want:
https://steemit.com/btc/@ew-and-patterns/btc-update-06-02-18
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Either way iltbe low should be either already in or out in shortly. There is blood on the streets and people are no longer talking of btc going to 500k etc but there is a lot of talk of it going to zero! I believe that the turn in trend is upon us!
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gazuaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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Nice volume pop there on that last green candle creating that uptrend
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i think if bitcoin price over 9300 usd level then we can see begin new up trend.
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SELL when people start picking lambo' colors,
BUY when everyone else is afraid to...
Assuming the fundamentals have not changed,
which they have not.
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yeah i'm anticipating the same , buyers started increasing since the FUD's slowly started to perish .
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That is a lot of volume for sure.
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Bitcoin mining difficulties increasing day by day, that's why investors shifting from bitcoin to other coin like XRP, XML. I think this can be downfall of bitcoin as well.
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Not only that; Bitcoin is also slow, expensive to use in terms of fees, and lack lots of nice features that are found on more modern cryptos.
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EXCELLENT INFORMATION AND CONTRIBUTION THANK YOU FOR TAKING YOUR TIME AND SHARING IT WITH ALL OF US, WHICH WE ARE AT THE PENDING TO LEARN CONSTANTLY
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Post CTFC & SEC backup the market capitalises & went though some considerable gains since last night almost all the coins shows greens after a long time.from now onwards the curves seems healthy,let's see how day goes by🤔
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Bitcoin is one of the biggest opportunities since the invention of the internet itseif....great times to be around........
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nice update on the volume
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good work, you also have a nice day with person.
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well and thanx @ew-and-patterns for give your reviews and share analysis and your always helpfull photo on stock is great work
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Thanks for sharing this @ew-and-patterns! The markets are having a good increase at the moment, but it is not hard to imagine them falling back down.
We will see if what you talked about yesterday will happen, I'm interested in seeing how it goes! Either way, I still am quite bullish on the market long term.
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Great work man keep it up. Always on par with the analysis, lovin it.
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