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I’ve observed three patterns in the relationship between forum buzz and trading volume:
· High buzz + rising volume: Money is really flowing in, so the market has staying power
· High buzz + flat volume: The excitement is probably just in the comments—a passing fad
· High buzz + falling prices: There’s more panic in the discussion; watch to see if anyone steps in at lower levels
$BTC Current 24h trading volume: $402 million, 24h -0.47%. Which pattern do you think this is?
#BTC
I’ve observed three patterns in the relationship between forum buzz and trading volume:
· High buzz + rising volume: Money is really flowing in, so the market has staying power
· High buzz + flat volume: The excitement is probably just in the comments—a passing fad
· High buzz + falling prices: There’s more panic in the discussion; watch to see if anyone steps in at lower levels
$BTC Current 24h trading volume: $402 million, 24h -0.47%. Which pattern do you think this is?
#BTC