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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
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.
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.
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