A look at price and volume, a simple case of supply and demand.
When the price is going up and the volume is going up that's good.
When the price is going down and the volume is going down, that's a correction in an overall bull market.
If price is going up but volume is declining, demand is declining but the price is being bid up. Finally the bids run out and the price falls.
If price is going down but volume is increasing, more selling becomes more selling until a washout occurs. The bids overpower the sellers and the price goes up.
Below are 2 arithmetic scale charts.
Interesting ...... the total market cap tagged the ascending support line, it was once resistance.
The other chart excluding Bitcoin hasn't tagged the ascending support line. Bitcoin took a hard hit.
Overall......... Things are shaping up.
Everyone plays the system differently, you have to get your own style but I like what I see.
However.......... things do change and evolve and have to make decisions accordingly.
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