Bitcoin retracement on declining volume

Retracement on declining volume - is this not and obvious sign of weakness? Is this a massive dead cat bounce, same as the stock market? If not, why?

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MT GOX dump this month

>muh lines
>muh volume
>muh bullish
>muh bearish

incoming breakout to 10k+

uncorelated asset

OP, logically, you are correct. A dump followed by a slight rise on light volume usually leads to another dump.
Problem is, everyone knows that.
And that's the reason it won't crash. If anything, it will pump to stop out the shorts, and then it will dump to stop out the longs who chased.
You can't win with this OP. You can't beat (((them)))

>tfw tda still hasn't turned on my btc futures access

what will it pump to

because the high volume was THE capitulation dump that marks the end of bear trends.

Volume compared to what it was before THE capitulation dump is actually up. Bitcoin is going up.

this

This is correct

considering tether just printed another 120 mil today, they might let it drop to where it wants to be (around 6800) to kill the longs and then a massive pump to kill the shorts. I think the drop is gonna happen first though.

It can mean seller exhaustion too

>Retracement on declining volume

SHUT THE FUCK UP RETARD

Every recovery (not saying this is one) always has declining value during the retracement. This means fucking nothing, but you shit ass wannabe traders keep parroting this because you're too stupid to analyze anything but basic moving averages and volume. Fucking neck yourself, useless sub-6 figure net worth scum.

stop looking at charts like you were taught

ok then explain what you think is gonna happen

That would require knowing when a proven treatment/vaccine is found for Covid, which none of us do.

Considering vaccines dont work and 5g gives us the corona, that's entirely up to the powers that be. Plan accordingly.

>5g gives us the corona
Lol, stop.

>Considering vaccines dont work
A vaccine could take 5 years and it wouldn't matter so long as we find a good therapeutic. The problem with covid is the run on hospitals and length of symptoms. If we develop an easily distributable treatment for its symptoms, the integrity of hospitals will be upheld and people would only need 1-3 days off of work if they got it (same as the normal flu). That in combination with general health practices going forward (masks on, sanitizer readily available, social distancing, etc.), we'll be fine.

Unironically, the trade war will prove to be a bigger issue.

Brainlet detected. You just should stopped after sub 6 figure scum kek

Unironically this

Shut the fuck up, poorfag.

We're pumping all the way to the halving. Only then we dump. This will coincide with another Black Thursday type event in the traditional markets.

join @ChadLounge on telegram

All I know is if this shit tanks I'm going to buy more. And if it pumps, well fuck me, should have bought more sooner.

Why is this market so blatantly designed to absolutely fuck anyone trying to make a profit lmao.

Are you retarded? Find me a single recovery that doesn't show volume declining. It doesn't exist. Every sudden dump is abnormally high volume because of how quickly it happens. It's purely fear driven. Recoveries are slow, and volume reflects that. Stop being a fucking scapegoating loser. You can't beat them because you're too stupid to do anything but surface-level TA.

>muh hopium

it can dip, but it wont crash, because of the halving. i think we will see 10k in the summer

Recoveries usually don't have repeated pumps/dumps with declining volume. Look at the chart during early 2019. There were long periods of daily green candles. OP's chart doesn't look bullish at all.

To the left is the greatest recovery in modern financial markets history. Note the declining volume and multiple dumps on the way back up. I don't care enough about this argument to keep posting charts, but please, for the love of god, do a modicum of critical thinking before spouting bullshit.

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Every market is like this. Just look at the S&P 500. We have a global pandemic and it's been pumping all month. Once all the bears get liquidated it will start dumping again.

You're not wrong in what you're saying, but why are you being so nasty? Neither of the people you're replying to acted that way to you.

SMALL

PENIS

You seem mentally ill. You should get outside.