When the mainstream media goes bearish, it is time to go bullish.
It can to my attention that several mainstream media sources started publishing strongly bearish articles about Bitcoin and the Cryptocurrency market as a whole... "The September Crash!" they are saying...
This immediately alerted me that something positive is about to happen.
Here we can see Chrono.tech printing the highest volume on the daily timeframe since July 2022, more than a year ago.
We can also see the break of a major downtrend as prices move above EMA50, EMA10 and EMA21 in a single day.
We also have a total of 65% growth since Friday... Strongly bullish I would say.
The current candle trades above the 10-June low, a low that marked a bottom for many Altcoins, so recovering above it signals that the stop-loss hunt event is over and this pair is ready to grow.
The downtrend that is being broken has been going since November 2022, a confirmation of this trend being over can lead to long-term growth.