Guys as you can see in the charts above that how volume has fallen disastrously.
By the time of writing today's volume of XBTUSD on Bitmex is just 400 million which is almost same in Oct 2017.
Market cap in Oct 2017 is around 150 bil, and today its 379 bill, so that's really strange condition.
Yesterday when I saw on Bittrex that top volume alt Ethereum has just around 560 Btc of volume, i was astonished, coz I've never seen volume gone so low, instead on Binance ether has more than 7k BTC of volume.
Also 250 million tether printed on yesterday, that must be sign of a bullish move coz whenever volume injected in the market it starts to recover, and it did but not so much.
So strangely this all things are indicating on a different situations. I think we must be prepared to see new lows, don't think it's not possible, ask yourself why is this possible.
We must be prepared to test Bitcoin 7.8k level.
I hope we hold 7.8k level which coincides with 61.8% fib level.
If we break 7.8k level than that will be disastrous for market and i will have my strong bear mask on
All I can say for now that I hope I must be wrong!
Please like and upvote!
It means a lot to me
