your green lines start *after* the 2014-2015 bear...
analyze the events prior and during as well...
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still dwarfs volume during the last correction......
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we need a huge red volume spike before we can say capitulation is inpic.twitter.com/06vlwbw6Kf
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law of science?
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have you studied the Dow theory, Wyckoffian theory, etc.? as they relate to other asset classes? This pattern has been observed for decades in other markets...
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Does everyone here understand that this shit all gets invalidated if something like a gov or big corp announces they own bitcoin? Or any other unexpected significant event. Positive or negative. Seems like an exercise in futility
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of course but that's not going to happen this year
New conversation -
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Inflows are not decreasing. Most of the volume for btc is OTC. And the only way to see that is looking on chain not at exchanges.
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OTC flows are decreasing as well, go to blockchair and see how many whale-sized OTC trades are getting settled this month vs. winter
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volume today is dwarfing the volume during the 2014 correction.
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Yes this maybe true. But it’s hard to compare when there is a 10X more ppl in the system. There are 800X more on ramps. Charts are telling you the system has grown. But traders can’t see the system has grown because they don’t really understand price.
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an alternative view is that the run up from $1,000 to $20,000 was waaaay too fast relative to true pace, and now we need to consolidate.
End of conversation
New conversation -
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