$BTW 5-minute trading volume was approximately $2.74 million, 17.3 times the previous average; the price rose 0.63% over the same period.
Let’s use this figure to talk about trading volume.
Unusual spikes in volume often appear before price movements, so many people treat an abnormal surge in volume as a signal to pay attention to a coin. The direction, however, has to wait until it emerges in the candlestick chart.
After a single volume spike, if volume quickly falls back, it’s often just a brief pulse. Sustained high trading volume is more noteworthy.
Unusually high readings usually mean greater volatility. At times like these, it’s wiser to reduce your position than to make a big bet.
For informational purposes only; not trading advice.
Let’s use this figure to talk about trading volume.
Unusual spikes in volume often appear before price movements, so many people treat an abnormal surge in volume as a signal to pay attention to a coin. The direction, however, has to wait until it emerges in the candlestick chart.
After a single volume spike, if volume quickly falls back, it’s often just a brief pulse. Sustained high trading volume is more noteworthy.
Unusually high readings usually mean greater volatility. At times like these, it’s wiser to reduce your position than to make a big bet.
For informational purposes only; not trading advice.