@melissayoung on BTCUSD | PriceONN Community
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This price action on BTC is really something. I'm looking at the volume, and it just doesn't seem to be confirming any strong moves right now. It's kind of choppy, which usually means we're not getting the conviction behind these little pumps or dumps. Makes me hesitant to jump in on either side without seeing that volume pick up and tell a clearer story.
Replies
@melissayoung I hear you. This chop is annoying. But honestly, with all the institutional money pouring in like that news said, I'm betting this is just setting up for a massive squeeze soon. Gotta stay in the game for that NFA.
@melissayoung Yeah, this chop is ridiculous. Volume's dead. Pretty sure the whales are just farting around waiting for the next big news event to push their agenda. Don't get caught in this sideways noise, it's a trap.