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1/ Volume analysis on $BTC is often useless and misleading.
Here is why.
- Volume is calculated per paired crypto/currency.
- Volume is calculated at an exchange level.
- More exchanges the less accurate the data. #Bitcoin #CryptoAnalysis
Here is why.
- Volume is calculated per paired crypto/currency.
- Volume is calculated at an exchange level.
- More exchanges the less accurate the data. #Bitcoin #CryptoAnalysis
2/ -- HOW ITS CALCULATED --
Volume is calculated at an exchange level, which means that the volume indicator differs from exchange to exchange.
Volume on #Binance may be different to #Gemini or #Kucoin. Gemini's clientele are predominantly Americans, Binance bans Americans.
Volume is calculated at an exchange level, which means that the volume indicator differs from exchange to exchange.
Volume on #Binance may be different to #Gemini or #Kucoin. Gemini's clientele are predominantly Americans, Binance bans Americans.
3/ -- HOW ITS CALCULATED cont --
The difference doesn't stop at nationalities. Each exchange targets different levels of investors and appeals to different types of traders.
It makes sense that BTC volume will differ between exchanges.
The difference doesn't stop at nationalities. Each exchange targets different levels of investors and appeals to different types of traders.
It makes sense that BTC volume will differ between exchanges.
