How much trading volume exists in the crypto market? The trading volume of a coin or token is used to measure the activity of the asset over some time, usually over one trading day.
Generally, Trading volumes are correlated with crypto prices. When the prices for crypto assets are rising, especially at the abnormal rate that they have demonstrated in the past, their presence in the media also rises, and traders flock to the market in response. A higher trading volume implies more liquidity, better order execution, and a more active market for connecting buyers and sellers. Conversely, when the trading volume is low, it can signify a lack of market interest, and consequently, liquidity and other trading conditions can suffer.
Trading volume across exchanges
At the time of writing this, the entire trading volume of cryptocurrency across all exchanges for the day is approximately $120 billion.
The trading volume of cryptocurrencies varies across different exchanges. Several factors are responsible for this disparity, such as the number of users on each exchange and the trading proclivity of these users. The largest exchange, Binance, had a total crypto trading volume of about $35 billion, representing a whopping 25% of the entire trading volume of the market. Smaller exchanges are responsible for the rest of the volume, including OKX (~5%), BingX (~5%), Coinbase (~1%), among others.
Factors that may impact the volume of trade on a particular exchange include trustworthiness of the exchange and the available number of coins on the exchange.
The volume of derivatives trading of cryptocurrency
A Derivative is a contract whose value is determined by an underlying asset. In crypto, a common derivative is CFDs. The trader does not own or hold the underlying asset in derivative trades, which means that getting in and out of trades can be simpler because no cryptocurrency needs to change custodianship.
Presently, the crypto derivatives market is about 69% of the total trading volume of cryptocurrency, while spot trading has been declining due to the current dip in the crypto market.
Volumeanalysis
💡HOW TO OPERATE LATERALITIES WITH THE VOLUME PROFILE💡HI Guys, I will bring here an example of operation, follow the thread
On that day, I observed prices trading in a strong resistance zone and close to the 200 descending EMA, so I looked for sales with targets in the support zones.
I ended up taking my first take at $1.85 and I went with the targets plotted on the screen as an objective.
Yesterday the price was struggling to close the bar above the POC, so I saw context for more selling.
See that we have a double top in the POC zone combined with the fibonacci range
So I believe in the bottom of laterality test
This is a little bit of how I use the VOLUME PROFILE
In this case, I am expecting a consolidation operation, so the target zone is usually the central part of the entire trading range, for those who use the VP, they can also use the POC (The POC is basically the zone where most price trading takes place in active)
Important points: always on a trading range you will trade against breakouts, because 80% of the time they will fail.
Whenever you observe a consolidation mainly in the form of a wide range, use the Volume Profile to make it easier to read, and look for sales with signal bars, confirmation or any SetUp that you use above VAH, and purchases below VAL
This update was one of the last of the Volume Profile here on TV
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The coin is traded on volumes. Support for the POC volumes levelThe price broke through the inclined level and fixed higher. The coin is traded on volumes. After the impulse, we returned to the retest. At the bottom there is support for the POC level, stop for the level. I recommend entering the position from $ 4.723. First goal - 4.85$
Volume Profile on NZDUSDDrawing volume profile on the given trend gives us HVN's to consider as buying zones. our first HVN is marked with blue rectangle in addition to that we can see base candles there." if you are familiar with RTM terminology." So that level could be a valid long zone.
Second zone is our POC level which still could be a valid long zone.
Be Sure to watch for news (PCE, unemployment claims, PMI ) during the US session as they could severely impact the market.
Bears will come back soonThis is a short and simple analysis.
Multi-year long ascending trend line broken and retested.
Since 2017 PA formed a double top which is now being retested.
This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction.
Only thing to expect next is continuation of downtrend.
Volume Profile on NZDCADWe start by drawing a volume profile on the bullish trend. It gives us high volume nodes which could potentially act as support levels, should price drop.
I take the POC level (red line) with my usual risk percentage(1%), and the first area of support with half of my normal risk provided that factors are in place upon entering the position.
GOOG: Trading around a KEY SUPPORT level!• GOOG is trading around its support level at $94.41 (yellow line);
• By losing this support level, GOOG would seek the gap around $89;
• In addition, we see a lower high, followed by decreasing volume, indicating weakness;
• GOOG would need to do a very good reaction above its support level in order to avoid a further drop – so far, there’s no bullish evidence;
• Only if GOOG does a new high and breaks the red line, it might resume the bullish movement up to the $105;
• For now, we must pay attention on how it’ll react around the yellow line, as this might dictate the next movements on GOOG. I’ll keep you posted on this.
Remember to follow me to keep in touch with my analyses!
AUD/USD lkely to fall!Hey tradomaniacs,
looks like AUD/USD is rdy to fall after creating a double-top.
Market-Depth showing DELTA-DIV by FP in the previous upmove, means a move down is getting prepared.
Still cautious due to upcoming CPI-Data from germany, so be carefull!
Technically a great chance!
What do you think?
DXY correction close to the endVolume is descending with PA in the short term, contradicting the short term bearish trend.
Volume is ascending with PA on the long term, confirming the long term bullish trend.
=> what we are seeing is a correction.
PA will drift lower until a significant breakout on the descending volume trend happens. PA will go again parabolic to the upside after that.
I want to point out that PA is also printing what looks like a double bottom, but it's too soon to put out a call, the pattern has yet to form and get a confirmation.
I expect next top to have lower volumes than the last one, breaking the ascending volume trend and ending the months/years long bull run.
Recession ahead? Maybe it's only my bias, it's too soon to say, only time will tell.
Possible double bottom? I'm bullish on LTC, trend is positive and a double bottom already happened, but expecting crypto market dump soon so lower prices ahead are to be expected IMO.
This is also confirmed by negative (statistical) skewness trend (pale red line), and negative volume trend yet to breakout.
I see a possible double bottom forming on LTC on an important resistance.
Based on previous volatility, I expect a sigma 3 move (3 standard deviations) to the upside as target for the pattern and next peak, which is about 110, which is also an important price level.
GRND IPO POP then DROPOn the 15-minute time frame, the price action is decidedly bearish
over the past couple of days. Gauss filters downward.
The Ichimoku resistance against a reversal is thick.
Price has dropped more than 15% each day.
The RSI indicator shows dismal strength and no signs of divergense
to herald a reversal. I am in this as a short seup and
have profited well taking a partial each day. Option plays
are not available. Once the bear trend burns out, this will be
worth looking at for a slow uptrend. So once the relative strength
drops to below 25% or some bottoming wicks and Doji candles
appear on the lower time frames, I will look to take the profits
and trade the uptrend. ( this may bounce up from the POC of
the volume profile as a reaction to support. )
PLAY the VOLATILITY !
AUD/CHF continue with the Uptrend ☝️ On AUD/CHF is nice to see strong buying reaction from the price 0.63260 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong volume area ( Daily + Weekly POC ) + Uptrend is my mainly reason for this long trade....
Happy trading
Dale
USD/CAD likely to move up!Hey tradomaniacs,
USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend.
The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation.
What do you think?
BTC failing to break above bearish volumejust a heads up, BTC looks like on face value its going to go up, but bare in mind, BTC isnt breaking above bearish volume as you can see with my relative volume profile at the bottom of the chart showing it isnt breaking above the red line, ignore the included strategy stats from the strategy i have on chart , it isnt relevant to BTC or the timeframe.