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Buying pressure increasing - is it the end of bearish sentiment?
Bitcoin Taker buy/sell ratio - the ratio of buy volume divided by sell volume of takers in perpetual swap trades. First of all I want to explain what is on the chart. 🟢 Over green line (value 1.02) - ultra bullish sentiment and buy pressure. 🔴 Under red line (value 0.98) - ultra berish sentiment and sell pressure. 🔵 Blue line (value 1) - Values over 1 indicate bullish sentiment is dominant. Values under 1 indicate bearish sentiment is dominant. 🔵 Bluet dots - it's 30D Moving average of Bitcoin taker buy/sell ratio When You look on the chart current value of taker buy/sell ratio is under 1 which means bearish sentiment now. But direction is in uptrend - increasing buying pressure. If will cross 1 then we should have Bullish sentiment again and it chance to price trend reversal. Personally I am preparing to final bull run which will come sooner or later. Remember to have Your own reasearch and make own plan. 🧠