➖ No volume. No volume is both bullish and bearish.
➖ No volume is bullish because the ATL just hit is weak; it has no volume. ➖ No volume is bearish because it tells us that the current bullish action is weak; it has no volume.
Ok, let's ignore the bearish or bullish definition. Let's just say it is still early and only bots are trading, therefore, no volume.
Since there is no volume, whatever is happening we take at face value.
A major low. Potentially the bottom. Strong bullish action after a major low. More credence to the bottom theory.
👉 If IDEXBTC moves above the blue line on the chart, we are strongly bullish; bulls territory.
Once the action really starts, once people become aware of what is happening, a change of trend, volume will grow. By the time volume starts growing, prices will be many times higher compared to now.
It is early in the game. I am always early because I work 24/7. Being early has its advantages as well as disadvantages. If you've been here with me for a while, you know about those.
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