Another comparison here for BTCUSD looking back at the 2013 top. Take from it what you will. This time I was comparing with commodity channel index (CCI). Most interesting to note for me is the divergences between points D and E at the tops, and I and K. The C-D divergence is a bearish reversal indicator (higher high, lower high), that came true in both cases, and the I-K divergence is a bearish continuation (lower high, higher high).
Also worth noting, as the first big difference that stands out to me, is the large buyback volume after our recent low, between points F and J.
EDIT: On second though, the daily volume was high, but the buyer volume wasn't relatively that different
Guess we will see if can continue replicating the 2013 case.
Also worth noting, as the first big difference that stands out to me, is the large buyback volume after our recent low, between points F and J.
EDIT: On second though, the daily volume was high, but the buyer volume wasn't relatively that different
Guess we will see if can continue replicating the 2013 case.
