Ticker: LTCUSD
Exchange: BITFINEX
And so, we see a large false breakdown, in which there was a very high volume, what can this be talking about?
1. The market is oversold and this is a response from buyers.
2. The movement has become too obvious - the volume is a consequence of the triggering of a larger number of stop orders of sellers
3. Has the probability of the beginning of an uptrend, or the beginning of the balance (consolidation)
Also, with this false movement, they were beaten out from the standpoint of all who tried to buy earlier, which means the market is empty and ready to start active movement
Exchange: BITFINEX
And so, we see a large false breakdown, in which there was a very high volume, what can this be talking about?
1. The market is oversold and this is a response from buyers.
2. The movement has become too obvious - the volume is a consequence of the triggering of a larger number of stop orders of sellers
3. Has the probability of the beginning of an uptrend, or the beginning of the balance (consolidation)
Also, with this false movement, they were beaten out from the standpoint of all who tried to buy earlier, which means the market is empty and ready to start active movement