maartunn
Net Taker Volume Shows That Price Could Possible Increase 😱
In this chart, there are two lines: BTC Price (🟠) Net Taker Volume (🔵) Net Taker Volume shows the aggressiveness of market sellers/buyers. To visualize this aggressiveness I calculated the difference between the metric 'Taker Buy Volume' and 'Taker Sell Volume'. And that chart shows a positive outlook for #Bitcoin in the near term. In a few days, the indicator is about to cross the zero line. When the indicator crosses above zero, it means that over a 30D Moving Average, the volume through taker BUY orders are higher than taker SELL orders. This will result in buying strength for Bitcoin. Over the last year, Net Taker Volume has crossed the zero-line four times and in all examples, it had a positive outcome.