xMoney | Signals, Supporting Signals, The Truth & MoreNew All-Time Low (ATL) hit early August, ok! Two weeks later the highest purchasing volume since October 2022... That's a major reversal signal. A simple signal but strong.
How to interpret this type of signal?
What to make of it?
You see, these are reversal signals.
Actually, the reversal signal is the price action, the candles moving back above the low that was hit in October 2023. The fact that an ATL was hit and the move up is supported by really high volume, this in turn supports the reversal signal produced by the price action.
So the signal is the move back above support, marked here with a red line; and the supporting signals are the volume and ATL.
There can be lower prices; there can be some more consolidation/accumulation below support. The main thing is this, after this signal is in, it is only a matter of time before we get massive growth.
Good?
I'll repeat: There can be lower. There can be another drop. There can be some consolidation/accumulation, there can be red; but once these signals are in, it is only a matter of time before we experience massive growth.
If you are a spot trader, you can rest easy with a strategy of buy and hold. While I tell you to prepare to wait for years, you will be in the green within weeks, at the maximum a few months.
Namaste.
