BTCUSD might get volatile as we approach $68k-$75k

Since the start of 2021 we have had consistent higher highs forming on the daily chart.

Jan- New High Made
Feb - New High Made
March - New High Made
April - New High Made

Here is what I'm seeing, with each new high made, we have seen a decrease in volume. This means that as price is getting higher, less and less money is coming into the market as before. This means the demand is potentially drying up (not forever, but maybe briefly)

Overall we are still in an uptrend, but based on this lack of volume, we may see the market widen, when there aren't as much orders (volume) in the market, price can slice around at a quicker speed.

As long as this new high keeps climbing, and the volume is no existent I will be observing for short opportunities.

How To Play It:

• Keep buying on intra day charts until we hit the blue zone or close below today's open.
  Observe $65k-$75k for a daily/weekly sell confirmation
  If we get sell confirmation then price may drop quickly to $50k, maybe lower....but don't consider this a "top," consider it a short term sell.
  

Expect more crypto content from here on out, now that I'm swing trading I've expanded my portfolio to forex, crypto, and stocks.

Let's Elevate,
-Gio

Комментарий:

Price has given a liquidity void, if it remains, and price climbs higher, this means we are potentially setting up a bull trap