I think a bull run is near, we all hype it but observe this.

[preshpr1nce]

So every time we get a down period people hype up a bull run coming next month in order to restore faith, I'm not trying to do that at all here I'm just pointing out an observation I've seen in each dip.

So every time we dip I monitor volume, see how many are selling vs those buying, one thing I've noticed is with each dip the sell volume decreases in comparison to the last, I view this as the amount of weak hands in the market reducing with each dip.

This current dip is interesting compared to those prior, this one stands out in terms of volume more than we've seen all year, we've had BTC hit an almost 10 month low in volume going from 6 billion at 6500 down to 3 billion while still holding a price at 6500, the same pattern has been seen with altcoins hitting seriously low volume levels compared to every other dip and the prices bottoming out from a lack of "I'm selling" rather than buy support.

This is looking more like a period where we are nearly out of weak hands and the lack of people selling low is holding things up rather than buy support doing it which we've seen in every other dip.

To me this is a very good sign in terms of things turning bullish, when you hear about the multiple market cycles involved in a bear cycle, for example the picture put up recently explaining how 7 down cycles seems to be the number before markets turn, it's not voodoo or a magical number but rather the average it takes to flush out all of the weak hands.

If you observe now it appears the weak hands are pretty well done, once the buy volume recovers we should have very good hopes of a bull run.

What do others think of this observation?

[Red-Apple]

So every time we dip I monitor volume, see how many are selling vs those buying, one thing I've noticed is with each dip the sell volume decreases in comparison to the last, I view this as the amount of weak hands in the market reducing with each dip.

this doesn't make any sense to me!
first of all exchanges don't report volume separately for sells and buys so that you can "monitor" that. there is only one variable called "volume" and do you know why that is? it is because for every sell there is a buy. this is a market not a shop you  go to to sell and buy from the owner. you sell and buy from others. so you can't say there are more/less sellers than buyers.

this "volume" is lower because the drop has slowed down drastically. whenever market movements are slower the volume is also lower. this only proves that investors are not sure what to do. they are all waiting for the next move to decide what they are going to do.
if there is another drop then they will sell and if there is a rise then they will FOMO buy. in any case volume will pick up as soon as there is a movement bigger than 10%

[preshpr1nce]

So every time we dip I monitor volume, see how many are selling vs those buying, one thing I've noticed is with each dip the sell volume decreases in comparison to the last, I view this as the amount of weak hands in the market reducing with each dip.

this doesn't make any sense to me!
first of all exchanges don't report volume separately for sells and buys so that you can "monitor" that. there is only one variable called "volume" and do you know why that is? it is because for every sell there is a buy. this is a market not a shop you  go to to sell and buy from the owner. you sell and buy from others. so you can't say there are more/less sellers than buyers.

this "volume" is lower because the drop has slowed down drastically. whenever market movements are slower the volume is also lower. this only proves that investors are not sure what to do. they are all waiting for the next move to decide what they are going to do.
if there is another drop then they will sell and if there is a rise then they will FOMO buy. in any case volume will pick up as soon as there is a movement bigger than 10%

People adding buy orders vs people putting sell orders if that makes more sense, what you say is true volume is the general movement either way, but I'm seeing less sell orders moving things down compared to past times with such low volume, even in cases where people are not buying or putting buy orders, the sell walls are not moving down or dumping on lower orders, they're staying stable with the low buy orders.

less people are just dumping to put it simple.

[berrygood]

I don't think bull run is near but the decrease is about to end, there should be a great interest and hype in the market for a bull run but it seems there is not for now.

[unusualfacts30]

So every time we get a down period people hype up a bull run coming next month in order to restore faith, I'm not trying to do that at all here I'm just pointing out an observation I've seen in each dip.

So every time we dip I monitor volume, see how many are selling vs those buying, one thing I've noticed is with each dip the sell volume decreases in comparison to the last, I view this as the amount of weak hands in the market reducing with each dip.

This current dip is interesting compared to those prior, this one stands out in terms of volume more than we've seen all year, we've had BTC hit an almost 10 month low in volume going from 6 billion at 6500 down to 3 billion while still holding a price at 6500, the same pattern has been seen with altcoins hitting seriously low volume levels compared to every other dip and the prices bottoming out from a lack of "I'm selling" rather than buy support.

This is looking more like a period where we are nearly out of weak hands and the lack of people selling low is holding things up rather than buy support doing it which we've seen in every other dip.

To me this is a very good sign in terms of things turning bullish, when you hear about the multiple market cycles involved in a bear cycle, for example the picture put up recently explaining how 7 down cycles seems to be the number before markets turn, it's not voodoo or a magical number but rather the average it takes to flush out all of the weak hands.

If you observe now it appears the weak hands are pretty well done, once the buy volume recovers we should have very good hopes of a bull run.

What do others think of this observation?

What do you mean you see less sell orders vs buy?

I agree that we might be looking at a u-turn as I'm hearing some of the good news that might help the market. Only if these newspapers could go a day without reporting some nuisance to harm the image of bitcoin, that could really help but I believe they can only go for so long before tide is turned.

[preshpr1nce]

So every time we get a down period people hype up a bull run coming next month in order to restore faith, I'm not trying to do that at all here I'm just pointing out an observation I've seen in each dip.

So every time we dip I monitor volume, see how many are selling vs those buying, one thing I've noticed is with each dip the sell volume decreases in comparison to the last, I view this as the amount of weak hands in the market reducing with each dip.

This current dip is interesting compared to those prior, this one stands out in terms of volume more than we've seen all year, we've had BTC hit an almost 10 month low in volume going from 6 billion at 6500 down to 3 billion while still holding a price at 6500, the same pattern has been seen with altcoins hitting seriously low volume levels compared to every other dip and the prices bottoming out from a lack of "I'm selling" rather than buy support.

This is looking more like a period where we are nearly out of weak hands and the lack of people selling low is holding things up rather than buy support doing it which we've seen in every other dip.

To me this is a very good sign in terms of things turning bullish, when you hear about the multiple market cycles involved in a bear cycle, for example the picture put up recently explaining how 7 down cycles seems to be the number before markets turn, it's not voodoo or a magical number but rather the average it takes to flush out all of the weak hands.

If you observe now it appears the weak hands are pretty well done, once the buy volume recovers we should have very good hopes of a bull run.

What do others think of this observation?

What do you mean you see less sell orders vs buy?

I agree that we might be looking at a u-turn as I'm hearing some of the good news that might help the market. Only if these newspapers could go a day without reporting some nuisance to harm the image of bitcoin, that could really help but I believe they can only go for so long before tide is turned.

Like I said above, even with buy orders completely drying up against the sell wall, people are not dumping on the lower buy orders, less fearful weak hands compared to before.

[bitcoinisbest]

I don't think bull run is near but the decrease is about to end, there should be a great interest and hype in the market for a bull run but it seems there is not for now.

We might start with the bull run soon as six month almost about to end and next half of the year starts where the btc rise would be happening for the year. So those people who want to make some quick gains should be buying now when price is lower and can get you quick profits during the rise.

[jacafbiz]

Don't let anyone deceive you, we might be in this run for more than we can anticipated for, the picture you are painting is very wrong, people are still selling their coins, is just that the value of most of these coins have gone down significantly, remember than hard would a day pass that a new coin won't enter then market but they are just selling at low price

[Coinseeker22]

i agree with you on some point man. weak hands are more likely to sell when they see a first sign of a market drop. and would likely rebuy or reinvest at the first signof recovery. may this be traders or noobs in crypto i still contributes to the whole market movement. But people nowadays gets educated easier and information are all over the web. As we go through this dip we raise up stronger in every bull run.

[spencer13]

bull can happen based on new policies and positive news. which means its difficult
bears on the other hand can be caused by a hacking of one out of thousands of exchanges. which is very possible.

Crypto is a gamble. nothing more.

[cryptokingpins]

Nobody really knows. For the most part its just speculation. I for one dont think we will see a bull run this year. Maybe in 2 years..

[richminded]

I don't think bull run is near but the decrease is about to end, there should be a great interest and hype in the market for a bull run but it seems there is not for now.

I think so, bear market is about to end and people will come again after this dump. We will start to see green days again in the next months, we might have a hard time to hit the peak again but cryptocurreny will arrive on it soon.

[konomi]

Friends, I do not agree with your point of view. I think the market may drop immediately, Ethereum will drop to $400, Bitcoin will drop to $5,000. Since the market decline is not obvious, it can only continue to fall because only the decline will bring about an increase.

[removebeforeflight]

Agree with your valid points. Every time we're on a bear run, definitely there would be a bull run coming on the way. Bitcoin has the same trend always followed and there is a good price expected very soon. I don't think the price will rise immediately but may be within this month end we can see a decent price of $10k for Bitcoin.

[Vit83]

Very low volumes of trading, looks very is no hype) But lots of interesting positive new and everything is falling . Looks like manipulation.

[okissabam]

Its either the weak hands are done or those weak hands learned their lesson about selling in times like these. They would rather hold and get anchance to double up their investment then take profits once they reach that amount or they really ran out of coins to sell. I would rather plan out a long term investment scheme than selling them when the market is crazy down.

[tomahawk9]

We might see a shift from bearish to bullish over the next few months, especially after regulations hit the market, institutional money will definitely enter the cryptocurrency market which could trigger massive buying pressure and, if momentum is right, FOMO will kick in which could trigger a massive surge in the price towards the end of the year. But I don't think we're going to see a bull run like the one we had last year, there's simply not enough hype/excitement around cryptocurrencies from the public anymore...maybe in the long-term we'll experience something like that again.

[fulmetal08larz]

Volume is an important indicator and the trend setter in a chart. It means that more people are starting to invest and get attracted to a coin or there is a major selloff ongoing when volume spikes. It is usually the indicator to confirm a trend reversal. During this consolidation stage in the market, it could be the whales that are discreetly selling their holdings to institutional buyers at an agreeable price. When Q4 arrives, I think that will be the time trading volume will spike.

[dinoloverpete]

It's a good observation, if manipulation is occurring you would think that 6k might be broken very briefly to let the last of the weak hands sell out as their stop losses etc trigger.

[zhekinsp]

We might see a shift from bearish to bullish over the next few months, especially after regulations hit the market, institutional money will definitely enter the cryptocurrency market which could trigger massive buying pressure and, if momentum is right, FOMO will kick in which could trigger a massive surge in the price towards the end of the year. But I don't think we're going to see a bull run like the one we had last year, there's simply not enough hype/excitement around cryptocurrencies from the public anymore...maybe in the long-term we'll experience something like that again.

Yes we can't expect a crazy run again in this year because which was just hyped by the media but now many people are cautious so chance of jumping into the field is quite less now but still the prices will increase in the coming weeks and slow growth maybe better than the carzy rise because it can convinve the people to invest on it.