I've been staring at BTC charts all day trying to come up with a reason for all these bullish indicators to be point to a new uptrend. But I keep coming back to the missing piece of the puzzle. Nothing matters if there is no VOLUME! If we can't sell at these prices we certainly can't sell higher so there's no reason to go anywhere but down.
Volume was what I missed last time when I thought we were headed up. Hopefully I'm not missing something this time too.
This whole move up has looked engineered. Trend can't be engineered. But I'm cautiously optimistic. I'm still holding some longs. However, I will be adding shorts unless I see the volume come in.
Volume was what I missed last time when I thought we were headed up. Hopefully I'm not missing something this time too.
This whole move up has looked engineered. Trend can't be engineered. But I'm cautiously optimistic. I'm still holding some longs. However, I will be adding shorts unless I see the volume come in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.