$GTC 1-hour trading volume was approximately $35.91 million, 4.3 times the previous average; the price rose 2.94% over the same period.
I used to think that a surge in volume simply meant people were buying. It took me a while to understand that volume measures the scale of transactions, and every trade involves both a buyer and a seller. A rise in price on higher volume is often interpreted as stronger buying interest, while a drop on higher volume is interpreted the other way. These are just rules of thumb.
When volume rises at a high price level but the price stops climbing, this is often called rising volume with a flat price. Many people see it as a sign of growing disagreement between buyers and sellers.
Understanding this indicator is about being less startled by the numbers, not using it to predict market tops and bottoms.
#GTC
This information was compiled from public sources. Please refer to the original text.
I used to think that a surge in volume simply meant people were buying. It took me a while to understand that volume measures the scale of transactions, and every trade involves both a buyer and a seller. A rise in price on higher volume is often interpreted as stronger buying interest, while a drop on higher volume is interpreted the other way. These are just rules of thumb.
When volume rises at a high price level but the price stops climbing, this is often called rising volume with a flat price. Many people see it as a sign of growing disagreement between buyers and sellers.
Understanding this indicator is about being less startled by the numbers, not using it to predict market tops and bottoms.
#GTC
This information was compiled from public sources. Please refer to the original text.