Volume is a funny thing. I'm always amused how it never quite predicts the changes in price, but it always creates some sort of volatility. Which can only be good!
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Volume is a funny thing. I'm always amused how it never quite predicts the changes in price, but it always creates some sort of volatility. Which can only be good!
Looking at the previous bear market, we can see that it ended which a very high volume capitulation, followed by an even higher volume buying candle. The volume of these two candles surpassed the highest volume in the previous bullrun.
This is now also the case, which makes me lean towards the high volume pointing to a market cycle change to bullish, not just increased volatitly ahead in my opinion.
Only time will tell though !