Crypto Market Analysis: Focus on Bitcoin's Price Charts, Not Hawkishness From Fed's PowellLet’s unpack this week’s move up past $18,000 for the first time since Nov. 10. Does the move have real merit, or is it just a short term relief rally? It could be that – just the mere fact that we're asking the question is a sign for optimism.
Historically, on a seasonal basis, the market is not entering a time of the year of strong performance. From a price-chart perspective, bitcoin’s roughly $17,900 level moves the asset into a “low volume node” region – possibly indicating the potential for quick price moves. Volume nodes can be identified as zones on a price chart using the Volume Profile Visible Range tool, showing trading activity by price point. A high volume node represents areas of significant price agreement, which often coincides with slower price movement.
By contrast, low volume nodes represent areas of low activity. Prices have the tendency to move rapidly through these areas until they reach the next area of agreement. An illustration of this can be seen in the 14% decline that took place on Nov 9. Bitcoin has now entered that same space, but to the upside this time around.
_jocelynyang_ 但是整个市场情绪已经没有那么恐慌了
_jocelynyang_
iLoveJaneAdams _jocelynyang_
iLoveJaneAdams _jocelynyang_ Could there be more despicable people writing the bills? Just ew
_jocelynyang_ I guess we will see how decentralized and secure those wallets are. People need to stop voting for these scum.
_jocelynyang_ Maybe they should introduce banks needing to back all their liabilities one to one first.
_jocelynyang_ Criminal organizations would rather use USD I'm sure as it's much less tracable.
_jocelynyang_ She should retire
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