Saturday, January 21, 2023

Concept and some logic : If we see a suddend increase in volume of eg 26k btc this types of volumes is consider as market maker are buy/sell at the positions which cause a long wick formation . this wick is mainly for liquidation of retail trader position forcefully .

BTCUSDTPERP Price action drawing with combination of volume analysis , multiple wick touching points and trend momentum shown with curve green line . circle denotes volume comparison with price .
i used a up/down volume indicator so easy to mark the volume that is buy/sell by market maker and a curve drawing tool parallel channel for creating a price zone and trend momentum line

Bitcoin upside

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