Bitcoin cash (BCH) and market trend trade volume analysis
Cryptocurrency markets have been experiencing considerable volatility lately, and prices fluctuate wildly for the response to market mood and economic news. One of the main indicators that can offer a valuable insight into the strength and direction of the cryptocurrency markets is the trading volume.
In this article, we will analyze the Bitcoin Cash (BCH) trade volume and the test market trends in order to achieve a deeper understanding of the current cryptographic market condition.
What is the trading volume?
The trading volume refers to the number of coins or tokens that are traded on the stock exchange over a certain period of time. This is an important metrics mood for the evaluation, since high trade volumes can indicate a high demand for a certain asset, while low volumes may point to poor demand.
Bitcoin Cash (BCH) Commercial volume analysis
BCH has been experiencing significant price fluctuations lately and has a highest level of $ 640,000 at all times, and the current price fluctuates around 300,000 US dollars. In order to better understand the market trends and the mood in connection with BCH, we look at the trade of this cryptocurrency.
According to CoinmarketCap, the current BCH trading amount is approximately 120 million US dollars a day. This means a significant reduction compared to the highest level of all time in February 2018 when daily trade was around 10 billion US dollars.
Market trends
BCH has fallen back in the past few weeks because a significant reduction has been around 30%since mid -June. The current price movement shows that investors are becoming increasingly cautious about cryptocurrency prospects for long -term growth.
In order to better understand market trends and mood in connection with BCH, check some of the main indicators:
* Relative strength index (RSI): 14 -Tage RSI 35 indicates that the price recently dropped below its average average of 21 -day, which indicates a potential reduction.
* Bollinger Stranes: The current Bollinger band division is 2.5 standard deviations above the average period, which indicates a significant price movement and volatility.
* Variable average: Both 50 periods and 100 periods of variable average are below the 200 -period variable average, which indicates a recession.
Diploma
Bitcoin Cash (BCH) currently costs around 120 million US dollars a day and points to high market demand. However, the latest price movements show that investors are becoming increasingly cautious about cryptocurrency prospects for long -term growth.
In order to further analyze the market trends and moods in connection with BCH, it would be profitable to change additional indicators such as RSI, Bollinger ligaments and the average in technical analysis.
Suggestions
Based on our Bitcoin -Cash (BCH) and the market trend trade analysis, the following recommendations can be made:
* Buy a signal: If the price exceeds an average of 50 variables, it can display a potential purchase signal.
* Signed signal: If the price drops under the variable 100 periods -average, it can display a potential sales signal.
* Dollar costing average: Investors can benefit from the average costs of the dollar by buying BCH for longer prices and for long periods of time to use all future price movements.
Including merchant data in the technical analysis and analysis of market trends, investors can make more informed decisions about their cryptocurrency investments.
