How To Pick A Crypto Top Using Price & Volume - Walton (WTC)

1. Price accelerates higher on increased volume and puts in a top
2. Price corrects and advance but fails to take out the previous top even if volume increases. (The forming of a Triangle)
3. Price finds support above previous low and makes a final attempt to continue higher, mobilizing the late bulls but fails.
4. Price breaks below the trendline that makes up the lower end of the formed Triangle. Sell.
5. Price comes back to the breakout level on decreased volume but fails to breach it and continues lower.
6. As volumes keeps falling with price, dip buyers will wait to see volume pick up and go long when price breaks a descending trendline. They will then wait for another spike and a chance to sell as in 4).

Click to enlarge