BTC Volume Suggest Move Imminent
Declining volume, and very tight ranges will have us looking for a volume spike and break of the short term range sometime likely in the next two days.
If we see a bull break, we can stay in the contained tightening range on the daily for quite some more time/
With a bear break we would look for 4 hour oversold conditions, and many traders are watching for the $8,500 range.
Bulls still grinding weekly EMA12 support, keeping longer term consolidation healthy.
I personally am patiently waiting for clarity on the daily time frame, and trading other markets while crypto trading is choppy.
Keep those abnormal volume alerts on!
If we see a bull break, we can stay in the contained tightening range on the daily for quite some more time/
With a bear break we would look for 4 hour oversold conditions, and many traders are watching for the $8,500 range.
Bulls still grinding weekly EMA12 support, keeping longer term consolidation healthy.
I personally am patiently waiting for clarity on the daily time frame, and trading other markets while crypto trading is choppy.
Keep those abnormal volume alerts on!
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.