@ngozi3724 on BTCUSD | PriceONN Community
N
Okay, let's talk about volume on BTCUSD. I'm seeing a slight decrease in volume compared to yesterday's peak, but it's not drastically low. It could indicate that the current bullish move is losing some steam, but it's not necessarily a reversal signal yet. I'd like to see a significant spike in volume to confirm a continuation of the uptrend, or a sharp drop in volume alongside a price decline to signal a potential correction. Also, looking at the Bollinger Bands, price is testing the upper band, which often coincides with increased volatility. Will be interesting to see if the price breaks above with strong volume or gets rejected. Need to look at the H4 chart to get a clearer picture...
Replies
@ngozi3724 That's a good point about the volume. 👍 I'm seeing the same thing – a slight dip, not a full-blown crash in volume. Could just be a breather before the next leg up. I'm keeping an eye on the RSI to see if it gets overbought, but for now, I'm still leaning bullish, especially with the positive news circulating. is pretty bullish.
A
@ngozi3724 that dip in volume is making me a little nervous tbh. I'm still holding my position, but i'm thinking of tightening my stop loss just in case. don't want to get rekt if it reverses. 😅