Pancakeswap | Volume Or No Volume, The Altcoins Are Going Up!Ok, these are early signals, I'll give you that, but the dynamics are there...
Hello my dear reader, it is you and me again!
There is no volume!
What happened?
If we look back to October 2023 when the rounded bottom showed up, we have huge volume. So the signal is there, what about now? There is no volume! What happened?
After the major drop in early August, there is a small rise, the "initial bullish breakout." This rise is then corrected and the action, so far, produces a higher low.
The higher low happens before reaching the July 2024 low. Above this level, CAKEBTC can be considered bullish. Bullish as in "bullish potential." In the sense of "buy low to sell high."
None of this means that it cannot fail, crash; move lower.
It only means that this is the type of chart setup that is good to win.
Low risk. No, "no risk," but low risk.
Low risk vs a very high potential for reward.
Getting early has its disadvantages, the chart setup can fail, but this is the same all across. It doesn't matter which method you choose or what you do, there are always advantages and disadvantages, there is always risk involved... If you jump in too late, you might miss the bigger portion of the wave. If you enter too late, it can start to reverse the next day.
If you are just calm with a strategy to buy and hold, you can jump in and let the market take care of the rest.
Volume will come in as soon as the bullish action intensifies.
There is no volume because it is really early, and I like to be early to the party, so that I can choose the best place, or entry price in this case.
Just watch! Everything can change in a matter of days.
The Altcoins are going up!
... Volume or no volume ...
Namaste.
