maartunn
Taker Sell Volume has the upperhand ๐ฃ
Today's analysis will be done with Net Taker Volume (30DMA). This is a metric I created to get insight in the volume through market orders. It shows on a daily basis whether market buy or market sell orders have the upperhand (more volume). ๐ฉ People who are buying with market orders are outpacing market-sellers ๐ฅ Taker Sell Volume has the upperhand. People are selling into it. At this moment, Bitcoin is trading around $20700 with the weekly and monthly-close closeby. During this period the Market Sell Volume is outpreforming Market Buy Volume, which makes me wonder for how long Bitcoin can stay on this price-level.