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RE: Update for Bitcoin for next 24 hours. Dragonfly Doji Candle into play at $8600 Powerful bounce expected from 8k (04.02.2018)
The one part of the puzzle I just can't understand is volume.
Looking at the 1h candles.
Before Dec. 22 we were having big spikes and from there volume stayed on the bottom until Feb. 02 when we hit 7,5k.
Who were the players during the up and downs betwen Dec 22 and Feb 02.
Who are the players that entered Feb 02 causing that big spike in volume?
Why did volume died after Feb 2?
It's clear to me that there's a force acumulating bitcoin on 7,5k and possibly at 5,7k, but who is the force holding it from going up again.
Well it is obvious that somehow price is manipulated.
Yup, but if they are using brute force to impose sell walls just to scare people, shouldn't those sell walls show up on the volume recordings? Only reason I'm asking all this questions is because I'm new to the market, trying my best to understand the 'battle field'.