It took almost half a year in 2012 for the smart $$$$ to distribute to the dump $$$$ as shown in the volume cluster
After making a lower low when Oct 2014 monthly candle is formed, i can see that the smart money has shown strong interest to accumulate from dump money. If market is a zero sum game, then the same has to be applied to volume, because no volume no trade. Chances are there will be at least one or two more monthly bar with volume of current size or more in order to OFFSET the sell volume happened in 2012.
Oops, there is my impulsiveness come again.
Price is still falling, and it can fall lower, but i anticipate some Histogram bullish divergence (not even formed yet) though MACD is moving lower.
Highly speculative trade. Please do not follow me
After making a lower low when Oct 2014 monthly candle is formed, i can see that the smart money has shown strong interest to accumulate from dump money. If market is a zero sum game, then the same has to be applied to volume, because no volume no trade. Chances are there will be at least one or two more monthly bar with volume of current size or more in order to OFFSET the sell volume happened in 2012.
Oops, there is my impulsiveness come again.
Price is still falling, and it can fall lower, but i anticipate some Histogram bullish divergence (not even formed yet) though MACD is moving lower.
Highly speculative trade. Please do not follow me