An unusually high amount of sell pressure going on. Any theories?
Sell pressure?
Why is it bouncing around 107? It's cool, because I want to buy at 105 but it's got me scratching my head all the same.
Now volume is low, no direction.
Why? We quickly went from 102$ to 110$ and over, then pulled back as expected.
Now we're in a fragile situation, some consolidation is needed before next (hypotethical) leg up.
An acceleration not backed by volume now would probably just make price bounce against 100$-111$ area, even with some level of piercing.
i always expected volume would become lower and lower as the coins are more used , more distributed, and more valuable.
this BS about low volume rallies is just plain incorrect, truth is there's a limited amount of coins available on the market and day by day the limit goes lower and lower. ( because every now and again coins from the market ends up in
my wallet never to be touched again, no matter what
)
