Twenty books ended under the price their money paid. Someone sold the bounce.
Turnover over volume on any hourly candle is the price that hour's money paid. At 10am New York all twenty books I track closed above it, +37bp on BTC to +101 on LINK. At 11am all twenty closed below. Sixty minutes, twenty books: a macro hand.
$NEAR is the tell. Its 11am hour did 4.01 million with 58.8% buyer-initiated, its session's top buy share, and still closed 44bp under its average. $DOGE ran 57.3% and +80bp at 10am, then 41.0% on 1.67 million. $ZEC, heaviest alt book at 176 million, closed 42bp under too.
Third field, trade count: NEAR 14,221 fills against 23,963 at the open, DOGE 20,303 against 47,460. The crowd left before the dollars did.
Bearish on this bounce. Put 15 of 20 back above their average next hour and I drop it.
Hike pricing keeps that seller coming back.
Data as of today. Not financial advice.
#HotCPIDecemberHikePriced #Crypto #BinanceSquare
Above your average on thin volume, or under it on heavy: which do you buy?
Turnover over volume on any hourly candle is the price that hour's money paid. At 10am New York all twenty books I track closed above it, +37bp on BTC to +101 on LINK. At 11am all twenty closed below. Sixty minutes, twenty books: a macro hand.
$NEAR is the tell. Its 11am hour did 4.01 million with 58.8% buyer-initiated, its session's top buy share, and still closed 44bp under its average. $DOGE ran 57.3% and +80bp at 10am, then 41.0% on 1.67 million. $ZEC, heaviest alt book at 176 million, closed 42bp under too.
Third field, trade count: NEAR 14,221 fills against 23,963 at the open, DOGE 20,303 against 47,460. The crowd left before the dollars did.
Bearish on this bounce. Put 15 of 20 back above their average next hour and I drop it.
Hike pricing keeps that seller coming back.
Data as of today. Not financial advice.
#HotCPIDecemberHikePriced #Crypto #BinanceSquare
Above your average on thin volume, or under it on heavy: which do you buy?
