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.
3/ Huobi prime list has a lot of good launches. I am going to try nab some from there. It is a lottery system though, so allocation is not guaranteed. βΉοΈ
2/ -- LOW RISK (40%) --
This is my HODL portfolio where I hold $BTC, $ETH, $SOL, $DOT, $LUNA, $MATIC, $ADA, $LTC and $XRP.
I sold most of my LTC and XRP recently. They are still on the HOD list, but I don't hold much.
I try to keep a 40% of this portfolio in stable at all times
3/ -- LOW RISK cont --
I don't touch this portfolio much. I will sell from time to time based on my management strategy. I sold LTC and XRP near the tops, but I also dumped a large portion of LUNA early π€·ββοΈ