FLASHBACK: ๐ฅ Michael Saylor said once he understood #Bitcoin, he couldnโt sleep because he feared someone else would buy it all before he could ๐
#TOTAL gave a fakeout to the downside as expected, now index started moving back and forth on the zone. Price forming a triangle pattern in LTF and need to see some sort of breakout of the zone. Overall, structure tend to bearish, so correction might come.
we will look at spot trade volumes at exchange venues. Here, we apply a 90d MinMax scalar, which normalizes the value set over a range of 1 to -1 relative to the maximum and minimum values of the selected period.
From this, a similar observation can be ascertained, with spot volume momentum continuing to decay. This adds more weight to the idea that there has been a notable decline in trade activity over the last quarter.