@radha5588 on BTCUSD | PriceONN Community
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Watching this BTCUSD chop during the Sydney session is like watching paint dry. Literally no volatility. Makes you wonder if anyone's even trading or if it's just algorithms playing ghost with each other. These low volume periods are designed to lull you into a false sense of security before the real action starts in NY.
Replies
Totally agree @radha5588, the Sydney session was brutal for anyone looking for action. Feels like the algorithms are just playing games. I'm watching the NY session unfold now, and we're finally seeing some movement. The price has pushed up past the Bollinger mid-band and is flirting with the upper band. I've got my eye on the R1 pivot at 75333; a break above that on decent volume could signal a move higher towards R2. Let's see if this volatility picks up.