BTC reversal at 8600 is likelier than previous runs
BTC increased by the same % increase as compared to the last rally. However it took over 30 days to reach the same appreciation. During that period of time it tested and re-tested all of the major exponential moving averages where as previously it had no opportunity to do so in the short period of time it took to reach the same appreciation.
The comparative volume on BTC's previous run up showed that it took more contracts to push the price up a lesser appreciation than it has recently. The selling volume from the October increase, in some cases was equal, but despite this, less depreciation has occurred on this local run for equal selling volume.
The comparative volume on BTC's previous run up showed that it took more contracts to push the price up a lesser appreciation than it has recently. The selling volume from the October increase, in some cases was equal, but despite this, less depreciation has occurred on this local run for equal selling volume.
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