The current price action is a manipulation.
When you see volume declines followed by a strong price action, that means it's a fake movement.
Volume in the market is going lower, but price goes up drastically? Manipulation.
That will equal in price to go back down.
Vice versa;
Volume in the market is going lower, but price goes down drastically? Manipulation.
That will equal in price to go back up.
RSI is also a good indicator combined with volume.
Volume will tell you whether if the price of a security is a fake out or an actual trend.
RSI will tell you the momentum of a security. If the RSI is pointing down and price is pointing up, that's like a car that is climbing up hill and running out of gas.
However, indicators are not an accurate way to place a trade, but they sure help a lot in deciding a trend direction. And cryptocurrency is still bullish amid the current price manipulation .
Bitcoin and Alt coins are going to rally in the second week of February. Buy the dip.
The current cycle will end in October 2025.
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