Can anyone tell me the 2 numbers next to volume - what they are referring to?
JH
Topic: The Volume Thread (Read 177 times)
Can anyone tell me the 2 numbers next to volume - what they are referring to?
JH
Starting from your basic question, the 24h volume either above the chart or below the bars, is the same 24h volume for the token.
You can use the 24h volume to understand the amount (bought or sold) transacted by that token in a day.
share pictureHi Lorokan, maybe you misunderstood.
By looking at the 24hr volume on the chart and also on the bars, I was referring to a normal tradingview chart rather than the chart on CMC.
On every trading platform, when looking at a coin chart, it shows a 24hr volume figure above the chart and also shows volume bars.
What's the difference there.
Then, separately, how is that different from the volume figures on CMC like you showed in your image?
Quote
Volume is an important measure for determining the amount of demand for a currency, and consequently, the more the demand, the more the price increases
Does volume only increase when price rises? I assume when you say demand, you mean price rising. Is that what you mean?
JH
Volume is an important measure for determining the amount of demand for a currency, and consequently, the more the demand, the more the price increases, but it differs from the stock markets, as there is no regulatory to verify trading volumes and therefore many platforms counterfeit the trading volumes which is a misleading indicator if you want to buy a crypto/token (especially unknown cryptos that listed on a limited number of platforms."
So a brief answer to all your questions, do not depend on volume if you want to invest in unknown cryptocurrencies.
So a brief answer to all your questions, do not depend on volume if you want to invest in unknown cryptocurrencies.
My first basic question is:
What is the difference between the 24 hour volume shown above the chart and the volume shown in the bars at the bottom of the chart and the volume figure shown on CoinMarketCap under the coin name?
And how would you use each one of these three?
Starting from your basic question, the 24h volume either above the chart or below the bars, is the same 24h volume for the token.
You can use the 24h volume to understand the amount (bought or sold) transacted by that token in a day.
share picture2. Are there other ways to check and monitor volume other than the 3 ways above?
To my knowledge, the only alternative to check and monitor daily trade volume is by visiting the exchange platform where the token is listed for a direct confirmation of trading volume.
12. General Question: How can you tell when BTC is flowing into a market and out of it?
To my knowledge, i think once there is a massive increase in the marketcap of tokens, it indicates that there is a strong movement in bitcoin, but i don''t know how to determine if its an inward or outward movement.
I will likewise follow the thread, and learn from the remaining answers, and i would accept any corrections too
I’m very interested in volume and what it can do. I’d really like to learn everything there is to know about volume.
I have dozens of questions in my head but I’d like to get to them starting from the most basic, leading to harder questions.
I know some of these are basic questions but I just need confirmation for what I believe to be correct.
My first basic question is:
What is the difference between the 24 hour volume shown above the chart and the volume shown in the bars at the bottom of the chart and the volume figure shown on CoinMarketCap under the coin name?
And how would you use each one of these three?
After knowing the answer to this question, I’d like to pose some more burning questions such as:
2. Are there other ways to check and monitor volume other than the 3 ways above?
3. How can price manage to stay the same if volume increases? or is this not possible?
4. How can you find out the amount of BTC in each volume bar?
5. On my TradingView charts and Binance charts and Bittrex charts, it shows a value when I hover over the volume bars. It shows something like 1.4M or 648k or something like that. What do these figures mean? I’m simply looking to find out how many bitcoins each bar represents. How do I uncover this information?
6. In addition to No.4 above, when hovering over the volume bars, there are 2 numbers which appear on the top left of the trading view chart. The first number shows the same number as that shown on the bars but I don’t know what the second number does. Most of the time this shows n/a.
7. How can you tell when volume is increasing? Do you just look at the 5 min chart and see each bar progressively bigger than the last? Does this indicate more interest arriving in the coin?
8. How can you find out the average amount of volume for a given coin and then compare that to today’s volume. (I just need confirmation).
9. How does the 24 hour volume figure (above a chart) help in trading? What can you use it for?
10. When would you use the dollar figure for volume and when would you use BTC figure for volume?
11. Using the CMC volume figures for a coin (both USD and BTC), how can you use that to tell when new money is arriving in a coin? Do you just keep refreshing the data every few minutes? Is there a better way to do this?
12. General Question: How can you tell when BTC is flowing into a market and out of it?
13. Is there a way to tell how much BTC a rally brought into the coin (without having to add up all the bars)? Or is bar counting the only way to do it?
14. Using volume, how can you tell when others are really accumulating a coin, during the accumulation phase of a chart?
15. As sell orders are eaten up, does this add to the 24 hour trade volume?
16. What amount of volume rise (ever 5 minutes) would you say is an indication of impending breakout?
17. How can you use volume to give you information about price highs and lows? Whether it be past, current or future.
18. How can you tell the maximum capacity of volume for a given coin?
19. When looking at a chart on Coinigy, looking at a series 2 chart (2nd tab), when hovering over a volume bar, it shows a different figure from the one on the main chart. Why the difference and what does it mean?
Ideally, other newbies can add their own questions.
There may be some follow up questions but I hope these questions above can also help other newbies who are also learning about volume.
Hopefully this thread can become a volume learning resource for everyone.
JH
I have dozens of questions in my head but I’d like to get to them starting from the most basic, leading to harder questions.
I know some of these are basic questions but I just need confirmation for what I believe to be correct.
My first basic question is:
What is the difference between the 24 hour volume shown above the chart and the volume shown in the bars at the bottom of the chart and the volume figure shown on CoinMarketCap under the coin name?
And how would you use each one of these three?
After knowing the answer to this question, I’d like to pose some more burning questions such as:
2. Are there other ways to check and monitor volume other than the 3 ways above?
3. How can price manage to stay the same if volume increases? or is this not possible?
4. How can you find out the amount of BTC in each volume bar?
5. On my TradingView charts and Binance charts and Bittrex charts, it shows a value when I hover over the volume bars. It shows something like 1.4M or 648k or something like that. What do these figures mean? I’m simply looking to find out how many bitcoins each bar represents. How do I uncover this information?
6. In addition to No.4 above, when hovering over the volume bars, there are 2 numbers which appear on the top left of the trading view chart. The first number shows the same number as that shown on the bars but I don’t know what the second number does. Most of the time this shows n/a.
7. How can you tell when volume is increasing? Do you just look at the 5 min chart and see each bar progressively bigger than the last? Does this indicate more interest arriving in the coin?
8. How can you find out the average amount of volume for a given coin and then compare that to today’s volume. (I just need confirmation).
9. How does the 24 hour volume figure (above a chart) help in trading? What can you use it for?
10. When would you use the dollar figure for volume and when would you use BTC figure for volume?
11. Using the CMC volume figures for a coin (both USD and BTC), how can you use that to tell when new money is arriving in a coin? Do you just keep refreshing the data every few minutes? Is there a better way to do this?
12. General Question: How can you tell when BTC is flowing into a market and out of it?
13. Is there a way to tell how much BTC a rally brought into the coin (without having to add up all the bars)? Or is bar counting the only way to do it?
14. Using volume, how can you tell when others are really accumulating a coin, during the accumulation phase of a chart?
15. As sell orders are eaten up, does this add to the 24 hour trade volume?
16. What amount of volume rise (ever 5 minutes) would you say is an indication of impending breakout?
17. How can you use volume to give you information about price highs and lows? Whether it be past, current or future.
18. How can you tell the maximum capacity of volume for a given coin?
19. When looking at a chart on Coinigy, looking at a series 2 chart (2nd tab), when hovering over a volume bar, it shows a different figure from the one on the main chart. Why the difference and what does it mean?
Ideally, other newbies can add their own questions.
There may be some follow up questions but I hope these questions above can also help other newbies who are also learning about volume.
Hopefully this thread can become a volume learning resource for everyone.
JH
Jump to: