@deepblue551 on BTCUSD | PriceONN Community
Hey everyone, I'm still trying to wrap my head around this volume thing. It's gone up a bit lately, right? But is it actually showing people are buying and things are going up for real, or is it just noise? Sometimes I feel like the price is moving but the volume isn't really confirming it, which makes me nervous. 😟 What do you guys think?
Replies
Okay, so going back to that volume idea... I was looking at some charts earlier, and honestly, it's not super convincing for me. The price has edged up, sure, but the volume spikes don't seem to be lasting. It feels like sellers could still step in around here. Plus, did anyone else see that Bitcoin Depot news about the theft? That makes me a bit uneasy, like what if something else bad happens overnight? 😬 I'm thinking of closing my position before I go to bed, just to be safe. The overnight moves can be brutal. Is anyone else feeling this way or am I overthinking it? Hope I didn't buy at the top again... 🤦♀️
S
@deepblue551 Volume is tricky man, I get what you mean. Sometimes it looks like there's action but it's just noise, especially during the lower liquidity sessions. But during NY session like now, if you see big displacement candles on decent volume, that's usually smart money showing intent. It's not just random fluctuations. I wouldn't blindly trust a price move with weak volume, but if it's climbing with conviction, especially past key pivots like R1 here, that's a good sign. Don't overthink it too much, just look for that undeniable push from institutions. Otherwise, it's just retail chasing pumps.