Questions
TagsWhich volume indicators are recommended for tracking buyer and seller activity in the cryptocurrency market?
Chappell CamposDec 15, 2021 · 3 years ago1 answersWhat are some volume indicators that can be used to track the activity of buyers and sellers in the cryptocurrency market? I'm looking for recommendations on specific indicators that are effective in understanding the trading volume and market sentiment.
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using the Volume Profile indicator to track buyer and seller activity in the cryptocurrency market. The Volume Profile displays the volume traded at each price level over a specified period of time, allowing traders to identify areas of high buying or selling interest. This can help determine support and resistance levels and provide insights into market sentiment. Additionally, the Accumulation/Distribution indicator can be useful in tracking the flow of volume and identifying potential buying or selling pressure. Remember to always consider multiple indicators and conduct thorough analysis before making trading decisions.Dec 15, 2021 · 3 years ago
Related questions
- 99
What are the tax implications of using cryptocurrency?
- 72
How does cryptocurrency affect my tax return?
- 71
How can I buy Bitcoin with a credit card?
Load 5 more related questions
Related Tags
Hot Questions
- 99
What are the tax implications of using cryptocurrency?
- 72
How does cryptocurrency affect my tax return?
- 71
How can I buy Bitcoin with a credit card?
- 64
What are the best digital currencies to invest in right now?
- 49
How can I minimize my tax liability when dealing with cryptocurrencies?
- 40
Are there any special tax rules for crypto investors?
- 26
What is the future of blockchain technology?
- 25
What are the best practices for reporting cryptocurrency on my taxes?