BTCUSDT Perpetual ContractUpdated BTC Flatlining - Volume low, but big moves upcoming
On the chart you can see the weekly breaker and the demand zones that contain the price. It is in the middle of the two zones so there is not really a trading opportunity right now.
What we can look at is when it moves to either side to watch its reaction. Wait for the retest and how volume is treated. I think downside is more likely, but that doesnt matter because we are not trading on a guessing game.
OBV is printing nothing yet.
What we can look at is when it moves to either side to watch its reaction. Wait for the retest and how volume is treated. I think downside is more likely, but that doesnt matter because we are not trading on a guessing game.
OBV is printing nothing yet.
Note
topline trend rejectionNote
Bit of a pointless analysis XD
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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.