Traders do not look at indicators, but only at volume and price. Sometimes, only price is enough. Technical indicators are the product of the Western market in the 1970s. They are based on statistics but do not integrate probabilistic thinking. This kind of thing is basically useless, just like when you see a fat person, you can guess that he must have three highs and fatty liver without taking a blood test. The same is true for the price of the currency. The volume and price itself is the overall picture of a product. Looking at the market is like looking at a person. As for how much you can see, it all depends on your skills and experience.
When the price is below the important moving average, the lows continue to hit new lows, and each time a new low is reached, the volume is high. There are sellers and buyers. The sellers are stop-loss buyers, but who are the buyers? They may be bargain hunters, and if it doesn't work, they will sell it back, turning it into a new round of selling pressure; or they may be absorbing funds, absorbing them very patiently. If a platform is formed during the decline, showing a downward trend but not a sudden drop, then the latter is more likely, just like a sinking ship that uses a whirlpool to suck nearby things while sinking. However, when the price refuses to hit a new low, be alert that the market may have already believed that its path of least resistance is not downward. At that time, even if there is no good news, the price will reverse, thus confusing a group of people who like to find out the reason and have not yet boarded the car. What will the price be like at that time? A big needle and then swallowing it back? Or something else? It's hard to say. After all, before it reverses, no one knows where the decline will stop. If you rush in rashly, it may become the driving force for the next wave of killing. #BTC☀
