I don't know for you but before getting into crypto, I couldn't care less about the movement of the markets. Now, I check it out so often during the day there are constant questions that are going through my mind.
- Is this spike in price a bull trap?
- Will this run up keep going or showing signs of fatigue?
- Are we done with the bear market yet?
Well, basically, all those questions are a function of two things: Supply VS Demand.
The more people put sell orders on the market, the higher the supply. The more people put buy orders on the market, the higher the demand.
So what if there was a simple tool that would give you the % of Buy Order VS Sell Order on the cryptomarket?
THERE IS ONE ALREADY
This little marvel provided by TurtleBC gives you the BUY VS SELL percentage for the top trading pairs on the biggest exchanges.
Right now, we are still at 88.57% BUY vs 11.43% SELL. That means that we are not done with the run up. We are going through corrections of course but I'm confident that we will be gaining traction and that it is not a bull trap.
Conclusion
I'm watching this very closely and so should you if you are curious to know which way the wind is blowing!