Not looking god tbh. Weekly chart printing a inverted hammer candle IMO. If so $57k could be our major support for a bounce. 14h to close. DO NOT RUSH. $BTC
Mastering Volume Spikes: How Bullish and Bearish Volume Signals Shape Trend Reversals and Breakouts
Understanding volume spikes can reveal a lot about market sentiment and trend strength. A volume surge, particularly when it reaches or crosses a significant threshold like 150% of average volume, can be a powerful indicator of potential trend changes or trend strength. Here’s a breakdown of how these signals work and how to apply them. What Is a Volume Threshold? A volume threshold (like 150%) is a set percentage increase above the average trading volume, acting as a benchmark to identify unusu
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Keep in mind that weekends normally are sideways. Most likely f them start moving on Sunday afternoon but this one can be different. Beginning of November with US elections in 3 days. Stay alert ‼️
- TP1 TP2 ✅ - Bounce bottom of uptrend channel - Break top of downtrend channel - Trend reversal (bullish) On LTF we can see the top of downtrend channel retested.
This is a good sign, but, it can be a trap. Why a trap?!?! Keep in mind there’s elections next week and a lot of volatility incoming.
Personally I’ll take a few days of trading next week.
The Two Forces That Drive Every Market Move: Liquidity and Imbalance
As a trader, it’s critical to understand why the market moves the way it does. At its core, the market only ever moves for one of two reasons: to seek liquidity or to fill an imbalance. Whether you’re a beginner learning the ropes or an experienced trader looking for deeper insights, these two forces shape everything in trading. Let me break it down for you. 1. Seeking Liquidity What is Liquidity? Liquidity refers to the amount of buy and sell orders in the market. Simply put, markets need liqu