Definitely think its key to watch volume. As you say if its a powerful move and you're looking for a reaction as a reversal it surely drops the probability of that happening but if the volume of sellers say is tapering off and you're looking for a buy it would be a good indication
Still looking in that tight range. Really has been such a consolidation from that drop. Wonder if this is stacking orders along here and then will swipe and move up from here. Doesn't seem to want to go anywhere at the moment
Oh yeah i agree with the majority of what you've said although it has no instrinic value it does have value in being peer to peer and the speed in which people can transfer.
I completely agree there are so many ponzi schemes associated with crypto and i would not condone or participate in 99%...
Its just the market cycle imo but its showing who believes in crypto and who doesnt at the moment. id say this bear market has flushed out a lot of paper hands