THINKING, FAST AND SLOW Filtering the Global Crypto Analytics (stock) Analyze, Think, Compare = Take profit! We respond in the chat
Measured in coins rather than dollars, so the price decline does not flatter it, spot volume has fallen to its lowest since 2019. Stripping out Binance, whose zero-fee promotion inflated tracked volume through 2022 and 2023, gives a similar picture, though on that cut it sits above the depths of the last bear.
Low volume is less a directional signal than a description of who is left. With cash paid to wait, a good deal of it appears to be waiting.
#TOTAL UPDATE:
#TOTAL is still facing resistance from the marked area and gave a shallow break and close below. It is more like rejecting it, so next week might be a correction week, with an expected short-term down-move.
ZK broke out of the falling wedge pattern in an upward direction, resulting in a significant rally as anticipated. The price increased by over 33% following the breakout. If you missed the previous opportunity, you can consider opening a new position now. I expect a strong move in the coming days.
Bitcoin is experiencing some downward movement, and volume has dropped due to the weekend. I expect sideways movement for the next couple of days before the next leg up.
#BITCOIN DAILY TF UPDATE:
#BITCOIN is rejecting near its resistance area and turning slightly bearish. Next week may bring a downtrend or correction, so go with the flow.
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