Today's market-watching musings: $SPCXB 15-minute trading value was about $2.69 million, 6.6 times the previous average; the price rose 0.98% over the same period.
A sudden jump in trading only means people are more active—it doesn't tell us who came out on top.
On a more serious note, multiples are relative: for a coin that usually trades little, a several-fold increase in volume might come from just one or two large orders. The same multiple for a top-tier coin is much rarer.
Learning to read indicators isn't hard. The hard part is sticking to the rules when the market is at its most extreme.
A sudden jump in trading only means people are more active—it doesn't tell us who came out on top.
On a more serious note, multiples are relative: for a coin that usually trades little, a several-fold increase in volume might come from just one or two large orders. The same multiple for a top-tier coin is much rarer.
Learning to read indicators isn't hard. The hard part is sticking to the rules when the market is at its most extreme.