Education

Whales buying back !! (3 weeks of big buy volume alert)

Updated

Hello everyone and welcome to this simple yet important
Technical Analysis of total crypto market cap based on volume and price action.

What we have visualized here is strong resistance (red line) pushing us down since BITCOIN was approx. 20K USD and total market cap at 7xx billions.

The reason why I´m watching this analysis is the BUY VOLUME in the market cap range similliar to now (Green squares)
At previous range the buy volume was far less then the actual one and we had now 3 weeks of constat buy volume (Yellow square)
on weekly chart. This is making me more comfortable to keep buying according to related idea.

The white square visualize here a FOMO when retailers jumped in based on mass media shill & got burned bad.

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In related ideas you can see TA called: Bitcoin is bottom in ?
Where further informations can be found. (This reversal based on bullish divergence was spot on)
& I personally think it was best time to start buying

Have a question ? Feel free to ask.
Do you like this idea ? Likes/Follow/Sharing is highly appriciated

Wish you all great gains and nice day
Cheers

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Last week we whitnessed literally biggiest buy volume since the top

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We have 2 more days before we close weekly candle and volume bar
& it´s looking very bullish again so far. Watching Weekly close here will be very interesting.

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Market Cap: $132 642 345 086
24h Vol: $34 950 524 143

Literally 1/4 of total market cap in daily volume

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Is dump upon us or is something big cooking in front of us ? Ive just realized we had this situation only few times since May 2017. What I mean is 5 weeks of buy volume in row. Everytime this happend we had a correction will it be different this time ?

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Weekly not closing yet but the buy volume passed last week

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Weekly about to close and we got biggiest buy volume this year

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Ascending / Descending triangles

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Breaking out

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Hello followers waiting for the update. Lets Review last week.
Last week we closed in red but its not that bad. If you compare sell volume which we had and if you take a look at "peak" the sell volume was almost the same but it pushed prices down almost 45% meanwhile now it took us down only 4,5% and the price looks like it broke out of the strong resistance line and seems like a support now so this week will be interesting either.

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Will be closed soon but its not yet anyways it looks more and more like breakout of this long term resistance. Moove over 150 will indicate bigger bull action. Volume is looking good

Trade closed: target reached

Bitcoin is bottom in ? (Looks like reversal is coming)

Since bottom call we´re up nicely and breaking over the resistance but I think a correction is in front of us for Bitcoin but alts might keep booming. It depends on the fact if Bitcoin will correct down with spikes or sideways. If sideways = ALTcoins moon

Trade active

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Total market cap about to get a hit soon

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Crazy buy volume but what makes me curious is that red wick which literally appeared in the chart at 21. Jun

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Revisited chart and here is update for you on lower TF. We are currently at very strong support range and buying volume is still increasing constantly. This looks like another upward moove should come soon

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Alts might have a strong run soon

Total market cap exclude BTC could grow by 500 billions till EOY

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Anoinvest

Related publications

Bitcoin is bottom in ? (Looks like reversal is coming)

by Anoinvest

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