Topic: Altcoins with increasing volume (Read 300 times)
As much as this seems like a reasonable way to predict potential trends you need to also be aware that while increased volume means more people buying the coin to potentially hold it for the future, it also has to be met by people willing to sell the coin and the increased volume could be due to a negative shock leading many people to dump their coin. Therefore it's important to use this indicator in tangent with price trends and latest news surrounding the coin.
Thanks brew. Just starting to look at cryptos. How long does the accumulation phase tend to take in the altcoin markets? I'm assuming a couple of days of notable accumulation is all it takes in this market before we'd see a rise?
Hi, 1st post here so please excuse if in the wrong place!
since this is one of the ways to choose coins for "trading" i'd say this is the correct board.Quote
I'm looking at altcoins, in particular ones that show an uptrend in volume. My thoughts are that it could indicate possible nearterm pumps.
true, i have been using the increase in volume as one of the indicators for an upcoming rise. it may be an increased in volume without price rise showing an accumulation phase before the rise or it can be the increase in volume showing the first leg of the rise. in both cases it can be considered an early stage to join in.Quote
Is there anywhere that has this kind of information or am I going to have to look over loads of charts?
well the only way is that plus using some sort of automation like using a bot or their API to get the history and then analyze it yourself.usually these exchanges have some sort of table that sort these daily hot coins on top.
the coinmarketcap thing that @mjglqw suggested won't show you increase in volume it just shows THE volume of that day. you have no way of saying it is bigger or smaller or the same as before.
You can take a look at https://coinmarketcap.com/ . They show the percantage of change(rise/crash) in the past 24 hrs of almost all known cryptocurrencies. But of course if you wanted accurate data then you really need to check their charts individually(which I highly highly recommend).
Hi, 1st post here so please excuse if in the wrong place!
I'm looking at altcoins, in particular ones that show an uptrend in volume. My thoughts are that it could indicate possible nearterm pumps. Is there anywhere that has this kind of information or am I going to have to look over loads of charts?
Thanks!
I'm looking at altcoins, in particular ones that show an uptrend in volume. My thoughts are that it could indicate possible nearterm pumps. Is there anywhere that has this kind of information or am I going to have to look over loads of charts?
Thanks!
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