High Volume Dumps, Low Volume Pumps

25 mars 2018

Notice how all recent dumps have large volume when compared to the recent pumps. It means the sell pressure is really high right now, and there's simply no way for the price to hold it's ground whenever bigger sell-offs start to happen. Shorting @ 8,550-8,600 is probably a good move, with targets to the 8,300 range. Just a matter of time until we dump hard again at this rate.

25 mars 2018

Ordre annulé

Cancelled trade on the last pump. With the EMAs looking to cross on the hourly + nice possibility of breakout from the 55 EMA, looks too risky to keep a short position open. While mid-term trend is clearly bearish and I believe we'll at least touch 8,000 in the next days/weeks, we could experience some bounces.