The current trend is unclear for most traders. It might go up or break down, which is why most of them wait and don't do any trade. So it means most trades are currently a buy/sell from someone who needs instant liquidity, while the rest are waiting to find an opportunity.
I'm not worried when it comes to Bitcoin volumes, but there's a different story when it comes to alts.
Topic: What does it mean when a daily volume is significantly low? - page 2. (Read 663 times)
If you look at the chart of Bitcoin. The volume of the latest day is lower than all the days post the march crash. Can someone experienced explain what this would imply? My thinking is that being not interested shows weakness. I am on team bear for now.
Thanks in advance!
Thanks in advance!
Trading volume usually is a indicator, higher price and low volume could indicate that the bears has a strong case and could drag the market price down. However, there are factors that you need to look as well, like the liquidity of that exchanges and we all know that volumes can be fake, or similarly, they can pull what we call "spoof trading". So just be careful when you are trading, don't just look at volume as key indicators in making your decision to go long or short.
My thinking is that being not interested shows weakness. I am on team bear for now.
Weakness is different from lack of demand for that particular day. Traders do rest sometime or "waiting before making any unnecessary trades"For now the market tend to be relaxed and this is the hard part since we dont know if on where it would be heading on next minute,hours,days or weeks.
Less volatility could help also somehow retain a good position for traders. OP you can also refer to the BTC and ALTCOIN dominance if its coincides with the marketcap and simply deduced some possible movement there. (Not major impact but given us idea similarly like using indicators)
If you look at the chart of Bitcoin. The volume of the latest day is lower than all the days post the march crash. Can someone experienced explain what this would imply? My thinking is that being not interested shows weakness. I am on team bear for now.
Thanks in advance!
Showing less volume on a particular day or timeframe isnt necessarily mean that it do talks about no or less interest. There were indeed days to be like Thanks in advance!
this where the market is moving sideways or on very minimal aspect.In talks about latest day of that march crash then you can really expect to have that
daily volume yet it do compose of panic sellers and accumulators on that period.Same goes when price is peaking up or reaching/breaking resistances.
For now the market tend to be relaxed and this is the hard part since we dont know if on where it would be heading on next minute,hours,days or weeks.
If you look at the chart of Bitcoin. The volume of the latest day is lower than all the days post the march crash. Can someone experienced explain what this would imply? My thinking is that being not interested shows weakness. I am on team bear for now.
Thanks in advance!
Thanks in advance!
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