🐋 Money is voting with its feet: a 5.39% rally in $BTW 1 hours
To gauge the strength of buying pressure, I usually watch for two things:
· Whether large orders appear in clusters during the rally
· Whether large sell orders come in to knock the price down after it reaches a high
For comparison: 24h trading volume was $257 million, up 17.29% over 24h. If the first condition holds and the second doesn’t, then this rally is truly backed by capital.
To gauge the strength of buying pressure, I usually watch for two things:
· Whether large orders appear in clusters during the rally
· Whether large sell orders come in to knock the price down after it reaches a high
For comparison: 24h trading volume was $257 million, up 17.29% over 24h. If the first condition holds and the second doesn’t, then this rally is truly backed by capital.