🚫Volume don't lie - LDTP #14.2
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Let's do the point ! // Update #14.2
I don't have much time to write this update, so for the full recap I invite you to read yesterday's update (attached under).
So, it won't be a daily signal, plus, it confirms what I was thinking yesterday for the moment. Because of the volatility we've seen a nice move of +5/6% during most of the day but there wasn't volume, so it's not sustainable. Like expected we go for a consolidation movement, technically we should go to $33,000 to pullback the broken support but as we've seen every consolidation being repeal on this last cycle we could already retest the bottom tomorrow (don't believe in it as it's the weekend, we should lateralize before to panic sell Monday if we want to repeal this one).
That also confirms my thought that we don't have a bottom for the moment and that the movement of yesterday is a simple epidermic reaction on the entry of the spring area. Institutionals have decided, they didn't load as much as they want.
Honorable mention to GALAUSDT and MANAUSDT which are the only ones that I saw with a buying volume today, and so a daily reversal signal on support. I drop it like that, it's not an investment advice. For those interested in it, I don't think going against the BTC move actually is smart because everyone will blood more than him if it's go down or at least you will have a better entry. (They have to hold selling pressure before the close else it's not anymore a signal, on GALA for example)
Calm weekend ? Will see ! 👀
Like, follow or comment if you like, it give me some strength to continue !
I don't have much time to write this update, so for the full recap I invite you to read yesterday's update (attached under).
So, it won't be a daily signal, plus, it confirms what I was thinking yesterday for the moment. Because of the volatility we've seen a nice move of +5/6% during most of the day but there wasn't volume, so it's not sustainable. Like expected we go for a consolidation movement, technically we should go to $33,000 to pullback the broken support but as we've seen every consolidation being repeal on this last cycle we could already retest the bottom tomorrow (don't believe in it as it's the weekend, we should lateralize before to panic sell Monday if we want to repeal this one).
That also confirms my thought that we don't have a bottom for the moment and that the movement of yesterday is a simple epidermic reaction on the entry of the spring area. Institutionals have decided, they didn't load as much as they want.
Honorable mention to GALAUSDT and MANAUSDT which are the only ones that I saw with a buying volume today, and so a daily reversal signal on support. I drop it like that, it's not an investment advice. For those interested in it, I don't think going against the BTC move actually is smart because everyone will blood more than him if it's go down or at least you will have a better entry. (They have to hold selling pressure before the close else it's not anymore a signal, on GALA for example)
Calm weekend ? Will see ! 👀
Like, follow or comment if you like, it give me some strength to continue !
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