No volume it's no go zone - be patient for next shot !
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 ?
_____________________________________________________________________________
Remember, if you want to be profitable :
Thanks for visiting,
GaetanLpp
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 ?
_____________________________________________________________________________
Remember, if you want to be profitable :
- Trade with strategy
- Trade with risk money management
- Trade with stop and trigger order
- Trade with no emotion, patience and calm
Thanks for visiting,
GaetanLpp
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