BTC Vol is approaching a very important support line, which has historically signaled a new market cycle.
Even if we look back at 2017, we saw the same break in said support line RIGHT before the bull run..
In October 2018, we dropped from $6,300, down to $3,300, amidst the same break in volume.
In March 2019, we skyrocketed from $2,800 up to $14,000 after the same break.
We can expect a strong movement in the coming weeks, I have to say I am feeling overall bearish.. But am still entirely undecided, will continue to watch closely.
Even if we look back at 2017, we saw the same break in said support line RIGHT before the bull run..
In October 2018, we dropped from $6,300, down to $3,300, amidst the same break in volume.
In March 2019, we skyrocketed from $2,800 up to $14,000 after the same break.
We can expect a strong movement in the coming weeks, I have to say I am feeling overall bearish.. But am still entirely undecided, will continue to watch closely.