Negative Divergences since January? So what would have been the practical implications for trading and taking positions? Folks would now say "be cautious", but what does that mean? Reduce position size? Enter now new positions at all? Well, if you would have done that, you would have let many coins laying on the table...
I still think that after all technical analysis is the most important of all. A pick up in liquidity or a drainage of it will be reflected in the charts. Sure it helps if you know that there is enough liquidity to support upswings, but we have seen it often in the past that liquidity was late or early, means there was a mismatch between prices and where the pricees should be given the state of liquidity. What do you do then? Nothing? Or rely on liquidity OR charts?
This is not meant as a critique Doc, I admire the stuff you do. I only wanted to point out that I had sometimes a hard time to implement the liquidity stuff in my trading, like a setup which looked bullish, but at the same time I knew that liquidity was not that bullish, so I didn't do anything.
