The candlestick chart is at it again: $BCH 5-minute trading volume was about $2.21 million, 12.5 times the previous average; the price was almost unchanged over the same period.
A sudden spike in trading activity only means people got busier—it doesn’t tell us who was right.
On a more serious note, every trade has both a buyer and a seller. So a surge in volume doesn’t mean there are more buyers or that money is flowing in; it just means tokens are changing hands more frequently.
All data describes a trend that has already happened. The price could move in the opposite direction at any time.
#BCH
Whether to buy is up to you. I’m just sharing.
A sudden spike in trading activity only means people got busier—it doesn’t tell us who was right.
On a more serious note, every trade has both a buyer and a seller. So a surge in volume doesn’t mean there are more buyers or that money is flowing in; it just means tokens are changing hands more frequently.
All data describes a trend that has already happened. The price could move in the opposite direction at any time.
#BCH
Whether to buy is up to you. I’m just sharing.