The movements of large orders are often written in the trades: $BIRB surged 15.8% in 1 hour.
To gauge the strength of buying pressure, I first watch two things:
· Whether large orders appear in clusters during the rally
· Whether large orders are being sold after the price reaches a high
For reference: 24h trading volume was $619 million, up 173.51% over 24h. If the first is true and the second is not, then this rally is genuinely being driven by capital.
To gauge the strength of buying pressure, I first watch two things:
· Whether large orders appear in clusters during the rally
· Whether large orders are being sold after the price reaches a high
For reference: 24h trading volume was $619 million, up 173.51% over 24h. If the first is true and the second is not, then this rally is genuinely being driven by capital.