Due to nested comment limitations, putting this here.

I don't use other people's created tools for indicators.

Yes, we're still on lower volume, but the supply availability on the order books is not available for accumulating directly from taking away from the ask side.

This is due to the illiquid nature of all cryptotokens.

As such, low volume in a 'narrow' range is an indicator because you can't apply all of the other TA from stocks to trading cryptotokens.

In addition, I don't bother with looking at how btc rises in comparison to fiat. It's a simpler analysis to only consider btc to alt ratio. As rising or sinking btc is correlated to alt price in fiat (or near enough, i.e. btc rises 15%, an alt may go down immediately 25%, but tends to recover to maybe 10% lower than it was -- assuming btc was stable during the adjustment).

Plus, nearly all gateways are btc to alt anyway, so why would anyone consider any pricing from alt to fiat?

You don't want to call accumulation, that's fine. However, I am, as I don't believe your indicator, for reasons outlined above.