What does “coin depth” mean (coin depth chart shows buying higher than selling)
What does \”coin depth\” mean? According to official sources, \”coin depth\” refers
What does “coin depth” mean? According to official sources, “coin depth” refers to a series of specific concepts such as trading using different investment strategies and judging the accuracy of prices. In the financial market, we usually measure the strength of a specific project or the overall performance of a project representing a digital currency using a certain technical analysis method. Coin depth is a way to describe the complexity, risk, and volatility of this market.
Since blockchain is one of the information structures generated by mathematical algorithms, its consensus mechanism is also based on this construction. It also guarantees network security and tamper resistance by utilizing cryptographic principles. At the same time, it utilizes the technical characteristics of blockchain to help developers better understand and apply it to various fields.
Coin depth chart shows buying higher than selling
In recent trends of Bitcoin, overall, it is a process of upward breakthrough from the weekly chart. However, there are also some small fluctuations forming, but it doesn’t show a downward trend like before, but rather an upward posture. Currently, BTC market is still running within an ascending channel, and if the price can maintain this momentum and continue to rise, there will be a space for a short-term pullback.
Therefore, for investors, buying higher than selling should be a correct choice. At the same time, since the current coin price has fallen below the middle support level of the daily candlestick chart, the long-term outlook remains bullish. As long as there is no obvious volume-led decline, do not easily sell off. (Log in to the app—Discovery, to see exclusive reviews of more cryptocurrencies)
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