How long have you been reading these articles for?
2 years? 3 years? 5 years? More?
When looking for a reversal; when spotting a bearish wave bottom, the final low; we would always consider the trading volume... I can remember clearly, easily, after seeing it over and over and over, how a lower low coupled with low volume would signal the end of a bearish wave.
For example: A market/pair has been dropping, say for 6-8 months. At the start of the drop the trading volume is low. As the drop intensifies, trading volume increases, it becomes really high. As the drop continues, volume starts to wane but prices continue to move lower.
It keeps on going and eventually you see no volume, yet prices continue to decline.
Then a major low comes, clearly, strong, a new all-time low or multi-year low. Yet, this low is accompanied by very low volume. Do you remember these analyses?
This happens all the time. We would say, "the fact that we have a major low yet volume is low, lower than the previous low, it signals the trend is about to change; this is the bottom."
Here we have this situation with Bitcoin. Trading volume is not waning, it is not dropping, it is actually much higher than before.
We can see the 5th of August producing the highest volume and a major lower low. When the final low is in, before the reversal happens, we will see volume lower than in-between the move.
What I am saying is this: Bitcoin is set to move lower; to continue lower and this lower will produce a lower low compared to the 5th of August, for sure. 100% sure. And the final low will have lower volume than the lows produced in-between the move.
The charts don't lie. And if we can read the chart correctly, we know what will happen next.
Next: Bitcoin is set to move lower, in a matter of weeks or just a few short days.
Thank you for reading.
Namaste.