$BTR One candle swallowed all the trading volume from the previous six hours
The 1-hour candle starting at 13:00 UTC recorded 3.8 million U in trading volume, while the six candles before it totaled just 980,000 U. Volume moved first, price followed: over that hour, the price climbed from 0.05248 to 0.05986 and closed at 0.05668. The upper wick shaved off some gains, but the candle still closed about 8% above its open.
Looking at the seven completed 1-hour candles together, the lows rose steadily from 0.04864 to 0.05215, with none turning back, and six of the seven closed higher. After the surge, the price traded sideways around 0.0567, without falling back to the 0.0525 breakout level.
The 4-hour chart also shows a sharp increase in activity: the candle that started at 12:00 UTC is still open, but its trading volume has already reached 4.13 million U—more than six times that of the previous candle.
The current price is 0.057, up 12.8% over 24 hours, with a range of 0.04807 to 0.05986 and daily trading volume of 5.84 million U. The small market size is worth spelling out: trading volume in the millions can push the price up by 10%, and pullbacks can be just as sharp.
The previous move ran from 0.05248 to 0.05986. The price pulled back to 0.05250 without breaking below it, and the target remains 0.05986.
The 1-hour candle starting at 13:00 UTC recorded 3.8 million U in trading volume, while the six candles before it totaled just 980,000 U. Volume moved first, price followed: over that hour, the price climbed from 0.05248 to 0.05986 and closed at 0.05668. The upper wick shaved off some gains, but the candle still closed about 8% above its open.
Looking at the seven completed 1-hour candles together, the lows rose steadily from 0.04864 to 0.05215, with none turning back, and six of the seven closed higher. After the surge, the price traded sideways around 0.0567, without falling back to the 0.0525 breakout level.
The 4-hour chart also shows a sharp increase in activity: the candle that started at 12:00 UTC is still open, but its trading volume has already reached 4.13 million U—more than six times that of the previous candle.
The current price is 0.057, up 12.8% over 24 hours, with a range of 0.04807 to 0.05986 and daily trading volume of 5.84 million U. The small market size is worth spelling out: trading volume in the millions can push the price up by 10%, and pullbacks can be just as sharp.
The previous move ran from 0.05248 to 0.05986. The price pulled back to 0.05250 without breaking below it, and the target remains 0.05986.