No volume it's no go zone - be patient for next shot !
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Hello everyone,
Did you see on the last move, BTC follow ETH ? For example 23/24 february, on the pump, the price move before on ETH than BTC. And i feel like that now the whales playing with ETH and the pseudos "institutions" moving on BTC afterwards. What do you think ?
Anyway, i share this idea to show you the actual trend and the no activites on market. Personnaly on this kind of period, i'm out, i didn't take a position. This analysis for tell you why i prefer did not take position :
BB20 - The band spacing = sign of low volume, low volatility, and futur strong movement of price.
MA20 - The market stay around the M20 on 4H time frame, another sign of lowvolume, volatility and future strong movement.
OBV / AD / Chaikin (volume indicator) - Our indicator of volatility say, we approch the line (0.0000) please don't trade, no volume, we can't know wich direction the market goes.
Support / Resistance - We are exactly between the support and resistance. The market is hesistant, fall or going highter ? tbc
And you what do you think about this period ?
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.