@mcarter73 on BTCUSD | PriceONN Community

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M
mcarter73 PRO newbie
BTCUSD Mar 13
Okay, so I'm seeing the price consolidating too, but what's the volume doing? If volume is decreasing while the price is consolidating, it might mean the move isn't really confirmed. If the volume picks up on the breakout, that's a way better sign. I'm gonna check the order book and see if there are any whales lurking around...
BTCUSD

Replies (1)

M
mcarter73 PRO newbie Mar 13
oh and one more thing, regarding the volume... I just checked the 15m chart, and it looks like volume did spike a little on that last push up, but it wasn't sustained. It could be just an inducement to trap ppl before a bigger move down, or maybe some profit taking before the next leg up. I'm still learning about order blocks and stuff, so I'm trying to see if there's a big one around 71500 that might act as resistance. NFA, just thinking out loud here!
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