A quick note: $CT 1 The hourly trading volume was about $7.45 million, 13.2 times the previous average; the price was almost unchanged over the same period.
People often ask what a spike in volume means. Here’s how I understand it.
A surge in volume can sometimes show up before the price moves, so many people treat unusually high volume as a signal to keep an eye on a coin. We’ll have to wait for the candlesticks to develop to see which way it goes.
High volume with the price basically unchanged means buyers and sellers are very active at the current price. To see which way the price goes next, we’ll have to see who gives in first.
It’s not hard to learn how to read indicators; the hard part is sticking to your plan when emotions are running high.
#CT
People often ask what a spike in volume means. Here’s how I understand it.
A surge in volume can sometimes show up before the price moves, so many people treat unusually high volume as a signal to keep an eye on a coin. We’ll have to wait for the candlesticks to develop to see which way it goes.
High volume with the price basically unchanged means buyers and sellers are very active at the current price. To see which way the price goes next, we’ll have to see who gives in first.
It’s not hard to learn how to read indicators; the hard part is sticking to your plan when emotions are running high.
#CT