When I started trading ETH I remember looking at the volume and being amazed that it could reach 50, 60 and 80 million dollars regularly. A bitcoin daily volume influx of volume was usually a good bullish trigger for a long trade in those day. Recently it was announced that Bitcoin daily volume might buy Whole Foods.
This brought an influx of volume into Whole Foods and their competitor Kroger. The volume is the number of shares being traded. If we multiply the number of shares by the price per share we get the dollar value of the volume in that stock. So with the big new, Whole foods volume would be:. This is much higher volume that this stock would regularly see but because of the new, there is a lot interest in it. Why is volume important in markets? Imagine that you are at an auction for hats.
At this auction ther3 3 people. But because of the low trading volume at the auction, the price was driven up. Investors would not consider this rise significant. This was very common in the early days of cryptos.
Any of the above market prices could be moved with just a few bitcoins. Volume is important in measuring trend and momentum of a given asset. Many times, higher than average volume could signal a reversal. The strength of any movement is measured partly by volume. Volume is not always buy bitcoin daily volume, but when demand exceeds supply, and price rises, then we are dealing with buy volume.
As crypto currency market caps and volumes begin to creep into the range of traditional financial assets many more people and businesses will consider them alternative investments. Since many of these cryptos offer solutions to real world problems we could see them bitcoin daily volume to many portfolios. More traders and market makers will also turn their attention bitcoin daily volume crypto markets as these bitcoin daily volume are impossible to ignore.
Bitcoin daily volume can expect Bitcoin and Ethereum to continue to increase in daily volume as blockchain technology gains more and more acceptance in both bitcoin daily volume and technology sectors. So with the big new, Whole foods volume would be: Lets look at some other highly traded stocks. Authors get paid when people like you upvote their post. Fascinating how the cryptocurrency landscape can change so much regarding volume.
Societal institutions, religious traditions and mainstream media focus on our physical reality, materialism and other negative aspects of our reality, blocking our spiritual connection to the Divine. Learn how do forex bots work to day trade with patterns and strategies. Update 3: New version released: Version 2.