10-08-2019, 11:39 AM
BTC has begun to form a similar monthly pattern to the one produced from February to October, 2018, whereby prices are finding a solid base of support at around $7,780 amid sliding overall interest – as expressed by the lower highs and limited price range of the last 3 monthly candles.There’s hope that the sellers will become exhausted by the end of October’s closing period, as total volume has been declining period-to-period. That theory will be put to the test in coming days, because volatility generally increases during the middle of the month (based on historical data).