Where is the money flowing? Here’s a clue: $JCT 1-hour surge of 10.47%
To figure out who’s buying, I’d watch two things:
· Are there consecutive large orders during the rally?
· After the price rises, do large orders start selling?
For reference: 24h trading volume: $1.637 billion, 24h change: -1.2%. Only if the first condition holds and the second doesn’t can we say this rally is being driven by buying pressure.
#JCT
To figure out who’s buying, I’d watch two things:
· Are there consecutive large orders during the rally?
· After the price rises, do large orders start selling?
For reference: 24h trading volume: $1.637 billion, 24h change: -1.2%. Only if the first condition holds and the second doesn’t can we say this rally is being driven by buying pressure.
#JCT