Volume (Bitcoin) | War, Banks & Glyphosate
While trading volume has been lacking recently, in general, it is showing up now as prices start to move down. If rising volume were to show up at the end of a move, the signal would be different. Say, high volume at the bottom like 6-Sep (shown on the chart), it can signal the end of a move.
When high volume comes up as a new move develops, it means the move is real and is only getting started. "The move is supported by high volume."
At the same time trading volume is rising on this short-term timeframe, we can see a move below major moving averages including EMA144, which is a pretty long one to say the least.
Market dynamics are always changing and will continue to change. We had a long pull-back on the last drop, it lasted 24 days. 24 days is a long time in crypto-terms and after a bullish wave we get a bearish wave. Since the pull-back ended in a lower high, we can expect to see next a lower low. Regardless of expectations, we let the market do its thing and adapt based on the results.
Whatever happens next, this is very, very likely the last major low, we are seeing the start of. When the bottom hits, we have to go bullish and go at it strong. When Bitcoin changes from bearish to bullish, that's it, it will never go truly bearish again until some time in late 2025 or 2026.
Please, allow me to tell you this concerning the bigger picture. We are very close to the last low, when everything changes, you will see it because the algorithms and trading patterns will completely change. At this point, go bullish and never look back because nothing will ever be the same. The world is changing rapidly and will continue to change. There will be corrections along the way, several minor with one or maybe even two strong, but the trend will be a long-term rise, something like what we experienced from November 2022 through March 2024. So it will be up, up, up, up, up... But first, we have to get out of the corrective phase.
Thank you for reading.
Namaste.
When high volume comes up as a new move develops, it means the move is real and is only getting started. "The move is supported by high volume."
At the same time trading volume is rising on this short-term timeframe, we can see a move below major moving averages including EMA144, which is a pretty long one to say the least.
Market dynamics are always changing and will continue to change. We had a long pull-back on the last drop, it lasted 24 days. 24 days is a long time in crypto-terms and after a bullish wave we get a bearish wave. Since the pull-back ended in a lower high, we can expect to see next a lower low. Regardless of expectations, we let the market do its thing and adapt based on the results.
Whatever happens next, this is very, very likely the last major low, we are seeing the start of. When the bottom hits, we have to go bullish and go at it strong. When Bitcoin changes from bearish to bullish, that's it, it will never go truly bearish again until some time in late 2025 or 2026.
Please, allow me to tell you this concerning the bigger picture. We are very close to the last low, when everything changes, you will see it because the algorithms and trading patterns will completely change. At this point, go bullish and never look back because nothing will ever be the same. The world is changing rapidly and will continue to change. There will be corrections along the way, several minor with one or maybe even two strong, but the trend will be a long-term rise, something like what we experienced from November 2022 through March 2024. So it will be up, up, up, up, up... But first, we have to get out of the corrective phase.
Thank you for reading.
Namaste.
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