26 May Importance of Low Volume Bars
In this review, we will talk about the Bitcoin market, and we will start this overview with the concept of bars with small volumes. Bars with a small volume attract less attention. Usually the public focuses on high-active-bars, which have high and extremely high volume. Such active bars are discussed in the Newspapers because they are usually accompanied by the releases of important news, traders discuss the price-action for bars with high volume. And those bars with small volumes remain unnoticed in analyses and discussions. This is non-professional! I will show an example. What valuable information can carry bars (candles) with low volume?
This chart of BTCUSD (12H timeframe), we have a fresh series of green candles. Note candle number two and candle number four. They both have a low volume.