[Chart Analysis] May 30, 14:00 Bitcoin (BTC) Spot CVD and Orderbook Trends
**[May 30, 14:00 Bitcoin (BTC) Spot CVD Chart Analysis]** The spot CVD chart is an indicator analyzing the orderbook of the BTC/USDT spot pair, providing differ
[May 30, 14:00 Bitcoin (BTC) Spot CVD Chart Analysis]
The spot CVD chart is an indicator analyzing the orderbook of the BTC/USDT spot pair, providing different key information at the top and bottom of the chart.
- Top: Volume Heatmap
- It tracks the scale of trading volume generated at specific price levels. The background color brightens when the price stays in a specific zone for a long time or moves significantly. These brightly colored zones are highly likely to act as strong support or resistance levels in the future.
- Bottom: Cumulative Volume Delta (CVD)
- This indicator shows the flow of buy and sell orders by capital size. As buy orders increase, the line of the corresponding color exhibits an upward trend.
- (Example: Yellow line: 10...)