Bitcoin Short Scalp

12 thg 3, 2021

As we made a lower-high compared to 58K. We started to see drastically reducing Open Interest & Volume despite the price rising. Normally if price is going up on low volume, it just means sellers aren't interested in the moment, but when combined with a dropping OI level, it normally means the price is experiencing a weakening bullish trend and a dip or consolidation is imminent. Volume combined with Open Interest is a powerful tool, and enough to trade on alone, if you know what you're looking for.