Most of you know this, so it's just a bit for new traders.
Turning points (high/low pivots) are often marked by periods of high volume. When the chart looks like it may have bottomed, wait for the first high volume upswing. Half of these upswings will continue up, half will resume a downtrend. To have an idea which it is:
1. compare the volume in the new upswing to the highest volume period in the previous 10-20 downswings. It should be at least 2/3 as big on a 1 minute chart. The downswing volumes should also be shrinking.
2. look 'inside' the 1 min candles that form the new upswing. Tick delta volume can give a rough idea of how much money is transacting at the offer versus the bid. Fake swings will have low or negative delta volume. Or you can watch the course of trades - more difficult, but more accurate. Instos can draw you into a bull trap buy making the SP rise whilst the actual value traded is heavier on the bid.
If BTC does either of these, I'll put a chart up to illustrate.
