mycotoxin

whats up with the volume oscillator ?

mycotoxin Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
whats up with the volume oscillator ?
its -19 and also below zero - what does that mean ?
the volume related to the fall is dropping ?
Kommentera:
...or threes simply no volume ... i was watching it during the short pump this morning and figured it was a bull-trap and got out at 6700 - But I at least expected it to get to 6745
Kommentera:
it could also mean its dead sideways action ...Hmmm but -19 ..???
Kommentera:
actually -26
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i notice there was the same behavior in 2015 before BTC pumped upwards , but the MA200 in that case had already flipped to he bottom ,,,,which is not the case here ..
Kommentera:
i think if that oscillator remains below zero , BTC is going to drop ..but how high its going before it drops is the puzzle
Kommentera:
probably to the 63xx area is my guess
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Kommentera:
BTC has good support at 6560

Exit to fiat if BTC moves lower than 6495 as this will mean a possible drop to 63xx or 61xx ,
Kommentera:
if BTC pumps and the volume oscillator still remains at below zero , exit at the next resistance point or just before it as it will most likely reverse back down

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