BTC Volume Starts to Settle

Neither this post nor any other on cryptofal.com should be taken as financial advice. It is not.

BTC’s volume is attempting to settle after massive dips last night. BTC has rebounded to over $49k. The MFI on the four candle chart is attempting to trend upwards and the MACD is as well. If volume is settling as these indicators start to uptrend, we could see some positive movement if an uptrend is sustained along with an increase in volume.

ETH to BTC ratio is skyrocketing during the market dips. This can be seen with the increase of ETH dominance over the past day as well. These factors together are a clear indication that ETH could be ready to continue its breakout in its ratio to BTC, continuing to outpace BTC in the short term.