Crypto Trading Volume

Hi guys,

I’m trying to understand what exactly the volume on a Cryptocurrency chart shows; is it number of transactions or is it the volume of BTC sold or bought?

Thanks

M

1 Like

Hey @BigBoi, hope you are well.

The Volume chart represents the amount of BTC sold in a range of time represented in a candle.

In general terms the Volume is the number of shares or unity that is shaded within an specific time period.

Determine the strength or significant move in price, if there is a move in the previous market that is backup with high volumes that means many buyers and sellers are behind this move and therefore more legitim is the move.

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If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

Thanks Carlos, this is what I thought but some explanations online were misleading.

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Hello,

Another question around trading volume; why are some candles larger than others but with the same volume?

Thanks