In $BCH 15 minutes, it pulled up 3 percentage points. Trading volume directly surged to 2x the usual level, and OI also moved upward in sync. This move isn’t simply about short covering.
Active trades were down 5.4%, the buy/sell ratio was 1.12. Together with the closing price breaking above the upper edge of the past ~20 5m candles, the bulls are pushing with real money. OI on both the 15m and 1h timeframes is increasing—nominal changes of 6.85M and 4.44M respectively. At the 95.2th abnormal percentile, the nominal change across the whole pool ranks 5th.
Price is up while OI is also up—this is a typical leveraged long-entry structure, not a feint. 24-hour trading volume is 1.27 billion, and liquidity is thick enough; this kind of breakout is more reliable than the fake moves often seen in small-cap coins.
It’s not far from its historical extreme range. At this point, it will either accelerate higher or undergo a sharp washout. If you chase the move, you must control your position size—don’t get taken out by a single spike.
Active trades were down 5.4%, the buy/sell ratio was 1.12. Together with the closing price breaking above the upper edge of the past ~20 5m candles, the bulls are pushing with real money. OI on both the 15m and 1h timeframes is increasing—nominal changes of 6.85M and 4.44M respectively. At the 95.2th abnormal percentile, the nominal change across the whole pool ranks 5th.
Price is up while OI is also up—this is a typical leveraged long-entry structure, not a feint. 24-hour trading volume is 1.27 billion, and liquidity is thick enough; this kind of breakout is more reliable than the fake moves often seen in small-cap coins.
It’s not far from its historical extreme range. At this point, it will either accelerate higher or undergo a sharp washout. If you chase the move, you must control your position size—don’t get taken out by a single spike.