Indicator Notes｜$BCH ｜5-minute volume up 10.4×｜price down 0.52%
Definition: Trading volume is how much of an asset was traded over a period of time, while trading value converts that amount into monetary terms. The volume multiple here compares this period with the average over the preceding period.
How to read it: A volume spike can sometimes result from concentrated liquidations. Liquidation orders are executed involuntarily, so this kind of volume spike has a different significance from voluntary buying and selling; check it against liquidation data.
Before taking a leveraged position, first consider whether you can withstand the worst-case outcome, then consider what the signal is saying.
#BCH
Definition: Trading volume is how much of an asset was traded over a period of time, while trading value converts that amount into monetary terms. The volume multiple here compares this period with the average over the preceding period.
How to read it: A volume spike can sometimes result from concentrated liquidations. Liquidation orders are executed involuntarily, so this kind of volume spike has a different significance from voluntary buying and selling; check it against liquidation data.
Before taking a leveraged position, first consider whether you can withstand the worst-case outcome, then consider what the signal is saying.
#BCH