Here I am investigating the trend of BTC when we see it return to a low volume state. The main indicators here are volume based - only the fibonacci resistance arc doesn't follow the volume.
My take-aways:
Shout out to @Shady-al-Citadel for pointing out I needed to edit my Ichi cloud. (Great eye and thanks!)
My take-aways:
- BTC demand remains positive in low volume environments, more often than not
- Price tends to CLIMB in low volume situations more often than any other price action
- Volume doesn't neccesarily need to pick up for a rally to begin
- Accumulation appears to have begun to take place around the $10,000 threshold
Shout out to @Shady-al-Citadel for pointing out I needed to edit my Ichi cloud. (Great eye and thanks!)
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Corrected chart (Ichi cloud)
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