The taker buy volume of Bitcoin refers to the total amount of Bitcoin that has been bought by users who have taken offers from sellers on a cryptocurrency exchange. This is in contrast to maker buy volume, which refers to the total amount of Bitcoin that has been bought by users who have placed offers to sell on the exchange. Taker buy volume can be an indicator of the level of demand for Bitcoin on a particular exchange.
When go for short trading on taker volumen of bitcoin?
When deciding to go for short trading on the taker volume of Bitcoin, it is important to consider a number of factors, including market sentiment and trends, technical indicators, and the overall health of the cryptocurrency market.
One key factor to consider is market sentiment and trends. If the overall sentiment towards Bitcoin is bearish, and the price has been trending downwards, it may be a good time to go short on the taker volume of Bitcoin.
Another important factor to consider is technical indicators. Short term indicators like relative strength index (RSI) and moving averages can help you identify short term overbought or oversold conditions in the market, which can be a sign that the price is likely to reverse.
Additionally, it is important to consider the overall health of the cryptocurrency market. When the market is in a bearish phase, it is more likely that short trades will be profitable.
21500 USD for bitcoin.
It's important to note that short trading is high risk and not suitable for everyone, it's better to consult with a financial advisor and also be aware of the potential for high losses.