🅱️ Simple Signal | 1H Time Frame

Let me show you this very simple signal, it shows where Bitcoin is headed next.

➖ We are looking at the 1H time frame; notice the volume.
Each time there is a volume breakout, it ends up being a bearish move. This indicates that the bias is bearish and thus lower prices.

➖ The downtrend confirms the volume signal.

Where are the bulls?

The chart can always change; If we see strong bull/green volume on any up-session, we can say the bulls are entering the game and want to move Bitcoin higher.

If the trading volume continues to lean towards red, we can expect without doubt a drop next.

Namaste.

Kommentera:

Bearish confirmation now in place:

Bounce showed up as expected and now a breakdown of support.