Thanks.
This chart is oil (BTC not doing the patterns want right now). Dominant wave volume is 1916 contracts on the left, and it's bearish. There's another strong negative wave of 1540 contracts as price makes a new low. The next circled area (vol = 197) is often where I take intuitive long position, anticipating that volume will come in. The volume is way too small, and after a small uptick it pushes back down. The last wave is the first big up wave since the downtrend started, with 1287 contracts. To see if this push up is fake, look inside the wave to see what if the money is being transacted at the bid or offer primarily. I can't do that with this chart because it requires live data and the markets are shut. Will do one with BTC later.
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