maybe, but if you turn it around, how sustainable was the oversold pullback to 300 after bull move breakout to 500?
We're going back to 400 via 380, bank it ... sooner or later ... then 600.
The price is going up very fast with almost no volume and the swap markets are not showing much activity either. I don't think this is the moment we've been waiting for, but I have been wrong before. If it happens I always have a few coins, but I'm not buying more for this.
By the time you made the above post, volume had picked up significantly....
Yes, agreeable that the prior 5 days had involved a very marked diminished volume; ... however, in the past more than 24 hours we have witnessed a considerable picking up of volume - accompanying this current rise from $317-ish to $369-ish... ... The initial rise in price from $317-ish to upper $330s did witness an increase in volume that really was not much to write home about - however in the past 10 hours has been pretty decent.
I will give it to you that we cannot really know if volume from here out is going to shrivel away, and I will agree that if it shrivels from here, then we will probably experience more downward movement - possibly into the $320s
