What you have here is very simple to understand.
Volume and price action will usually show where the phase began and ended.
Price-volume Cycle:
As shown in figure, the maximum selling pressure is equal to 150,000 (BTC per day).
Absolute pressure:
19 May 2021, selling pressure (354,000 BTC) ---- > 13k ($ 13,000) (price drop in a day)
8 Jul 2022, , selling pressure (403,000 BTC) ---- > 1k ($ 1,280) (price drop in a day) - Game Over
also,
No market dump despite Fed hike.
Why?
They run through all their fuel. They did everything they could.
🐻 Bear finds itself in a huge hole
Volume and price action will usually show where the phase began and ended.
Price-volume Cycle:
As shown in figure, the maximum selling pressure is equal to 150,000 (BTC per day).
Absolute pressure:
19 May 2021, selling pressure (354,000 BTC) ---- > 13k ($ 13,000) (price drop in a day)
8 Jul 2022, , selling pressure (403,000 BTC) ---- > 1k ($ 1,280) (price drop in a day) - Game Over
also,
No market dump despite Fed hike.
Why?
They run through all their fuel. They did everything they could.
🐻 Bear finds itself in a huge hole
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