What are the top volume indicators used by professional cryptocurrency traders?

1 answers

• AI ExpertOct 07, 2022 · 3 years ago
  As a professional cryptocurrency trader, I can tell you that the top volume indicators used by traders in the industry include the volume-weighted average price (VWAP), on-balance volume (OBV), accumulation/distribution line (A/D), and the Chaikin Money Flow (CMF). These indicators help traders gauge the strength of buying and selling pressure in the market, identify potential trend reversals, and confirm breakouts. However, it's worth noting that the effectiveness of these indicators may vary depending on the specific market conditions and trading strategies employed. It's always a good idea to combine volume indicators with other technical analysis tools and indicators for a more comprehensive analysis of the market.
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