The Satoshi Cycle was a cryptocurrency theory that attempted to establish a cause/effect relationship between Bitcoin’s price and internet searches. Between January and May 2022, Bitcoin’s price continued to gradually decline, with closing prices only reaching $47,445 by the end of March before falling further to $28,305 on May 11. This was the first time since July 2021 that Bitcoin closed under $30,000. Bitcoin dropped below $23,000 for the first time since December 2020. Bitcoin’s price moved sideways in 2018 and 2019, with small bursts of activity.

Sometimes it can be difficult to deal with blockchain transactions and crypto trading procedures. So we’ve designed the Instant Buy service to allow customers to easily enter digital finance and use its benefits. We know people with the nickname, Satoshi Nakamoto, as the Bitcoin creators. But we shouldn’t forget that they have also created the first blockchain — the only kind of digital network where cryptocurrencies can operate. Even before BTC developers launched the first distributed ledger, the concept of blockchain was described by different computer scientists. If you look at the Trade page on the CEX.IO website, you can see the chart representing the fluctuations of BTC market value. There are different pillows called ‘candlesticks’ that show the uptrend and downtrend .

History

Regulation continues to cast a huge shadow over Bitcoin in 2021. In particular, China has been consistent in its aggression towards cryptocurrency. The country instituted a ban on financial institutions and payment services companies offering crypto-related services and even made some mass arrests on people using cryptocurrencies in controversial ways. China is a significant country for Bitcoin, with almost 50% of miners domiciled there. The recent crackdown dented Bitcoin’s infrastructure, which subsequently weighed heavily on the price of the coin. But it is not only negative regulation that is making headlines.

Read more about how much is 1 ethereum worth in usd here. Getting crypto-backed loans instead of selling your crypto when you need cash with CEX.IO Loan. Buy Ethereum , Ripple , Litecoin , and many other virtual currencies, including numerous native tokens of emerging DeFi projects. Consequently, we can see the market spread — the difference between the lowest bid price and the highest ask price. Usually, the smaller the spread, the higher the market liquidity. And high liquidity means fast execution of even large-volume trading orders. Alternatively, you can store https://www.beaxy.com/market/btc/Gold climbs above $1,730 as US yields push lower

This means that the price is sensitive to shifts in both supply and demand. In total, 21 Millions BTC can be mined and the Total Circulating Bitcoin chart displays how many of them have already been found. To check Bitcoin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Sign up for an account in minutes to buy crypto using credit card or bank transfer. A distributed ledger is a database, digitally recording transaction information using cryptography, making it secure and unforgeable. Bitcoin can be purchased through a digital marketplace, through which you can fund your account with your currency of choice, and place an order on the open market. Bitfinex has a bespoke offering expertly tailored to meet the specific needs of professional and institutional traders including sub-accounts, expedited verification, and dedicated customer support. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods.

On Tuesday, the small Central American nation became the first in the world to adopt bitcoin as an official currency. Relative mining difficulty is defined as the ratio of the difficulty target on 9 January 2009 to the current difficulty target. El Salvador officially adopted bitcoin as legal tender, in the face of internal and international criticism, becoming the first nation to do so. In 2014, Bloomberg named bitcoin one of its worst investments of the year. The first regulated bitcoin fund was established in Jersey in July 2014 and approved by the Jersey Financial Services Commission. A 2014 study of Google Trends data found correlations between bitcoin-related searches and ones related to computer programming and illegal activity, but not libertarianism or investment topics. Throughout the rest of the first half of 2018, bitcoin’s price fluctuated between $11,480 and $5,848. The price on 1 January 2019 was $3,747, down 72% for 2018 and down 81% since the all-time high.

Software wallets

The cryptocurrency’s first significant price increase occurred in 2010 when the value of a single bitcoin jumped from just a fraction of a penny to $0.09. Bitcoin is the largest, and most popular, cryptocurrency in the market today. It was created in 2009 and has spawned the entire crypto market that is seen today. Also, note that I am not against gold or bitcoin as a currency.

• Iran, as of October 2020, had issued over 1,000 bitcoin mining licenses.
• Bitcoin is secured with a Proof-of-Work mechanism, which means millions of miners work together to secure the decentralized network.
• Given that Bitcoin was the first cryptocurrency to surface in the market, the other digital currencies that emerged are referred to as altcoins.
• To check Bitcoin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
• Overall, bitcoin is considered a highly speculative and risky asset compared to conventional investments.
• You can plot an expression or common futures spread by clicking on the “f” button, or by opening the Chart Menu and selecting “Expressions & Spreads”.

The network also has no central storage; the bitcoin ledger is distributed. As new blocks are mined all the time, the difficulty of modifying a block increases as time passes and the number of subsequent blocks increases. As of April 2022, it takes on average 122 sextillion attempts to generate a block hash smaller than the difficulty target. Computations of this magnitude are extremely expensive and utilize specialized hardware. Later amateurs mined bitcoins with specialized FPGA and ASIC chips.

Transactions of the form payer X sends Y bitcoins to payee Z are broadcast to this network using readily available software applications. With AvaTrade, you do not need to create a wallet to trade cryptocurrency. The year 2021 has been a whirlwind for the flagship cryptocurrency, Bitcoin. The pairing, BTCUSD started the year with strong momentum, having already broken above the 2017 highs. The bullish pressure sustained for the entire first quarter of 2021, and Bitcoin managed to print its all-time high of around $65,000. US Persons are prohibited from accessing the services of the BitMEX trading platform. “Bitcoin”, “bitcoin” or “BTC” includes assets supported by IFUS from time to time in connection with IFUS Rule 24.3 . Final SettlementThe final settlement price will be calculated by reference to the equivalent ICE Futures U.S. (“IFUS”) Bakkt® Bitcoin Monthly Futures Contract. New enhancements to our digital expiry calendar help you easily access important information for the markets you trade.

While bitcoin has the longest record for investors to consider, it’s no less volatile. In general, the higher the value of the market cap the safer the investment. Market cap is the total value of a cryptocurrency, and is calculated by multiplying the price of the cryptocurrency with the number of coins in circulation. The amount of tokens or coins circulating can be viewed as an indicator of a coin’s demand. Due to exchange rate fluctuation, the margin to risk, once converted back to the trading account’s base currency, may be different when the deal is cancelled or closed. A blockchain is a digital ledger recording cryptocurrency transactions, maintaining records referred to as ‘blocks’ in a linear, chronological order. Bitfinex offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage.

Prices started at $998 in 2017 and rose to $13,412.44 on 1 January 2018, after reaching its all-time high of $19,783.06 on 17 December 2017. In 2013, prices started at $13.30 rising to $770 by 1 January 2014. A hardware wallet peripheral which processes bitcoin payments without exposing any credentials to the computer. According to researchers, other parts of the ecosystem are also “controlled by a small set of entities”, notably the maintenance of the client software, online wallets and simplified payment verification clients.

Tesla set a new trend by buying $1.5b worth of Bitcoin with its cash reserves, rather than falling foul to holding cash reserves that could bring limited returns. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Bitcoin is a virtual currency, more commonly referred to as a cryptocurrency that was created with the principal of removing intermediary control as enjoyed by banks, central banks, and governments. Bitcoin was created in order to compete or replace fiat currencies as an alternative instant payment mechanism. Overall, bitcoin is considered a highly speculative and risky asset compared to conventional investments. While there is no guarantee you will get any of your money back, bitcoin has become the most valuable and commonly held among the thousands of cryptocurrencies that have since been created. As the first cryptocurrency, bitcoin has the longest record for investors to consider. The potential reward comes with higher risk, so make sure any investment in bitcoin is included in your broader portfolio’s riskier, more aggressive allocation. There are hundreds of cryptocurrency exchanges you can use to buy crypto online, but a few of the more popular ones are Coinbase, Gemini, and Kraken.

More than 68% of those questioned said they disagreed with using cryptocurrency as a legal tender. Standards vary, but there seems to be a consensus forming around Bitcoin, capitalized, for the system, the software, and the network it runs on, and bitcoin, lowercase, for the currency itself. Academic research published in the Journal of Monetary Economics concluded that price manipulation occurred during the Mt Gox bitcoin theft and that the market remains vulnerable to manipulation. The history of hacks, fraud and theft involving bitcoin dates back to at least 2011. Billion, their highest of all time.As of 8 February 2021, the closing price of bitcoin equaled US$44,797. In 2013, The Washington Post reported a claim that they owned 1% of all the bitcoins in existence at the time. In 2014, the National Australia Bank closed accounts of businesses with ties to bitcoin, and HSBC refused to serve a hedge fund with links to bitcoin. Australian banks in general have been reported as closing down bank accounts of operators of businesses involving the currency. Per researchers, “there is little sign of bitcoin use” in international remittances despite high fees charged by banks and Western Union who compete in this market.

The software validates the entire blockchain, which includes all bitcoin transactions ever. This distributed ledger which has reached more than 235 gigabytes in size as of Jan 2019, must be downloaded or synchronized before full participation of the client may occur. Although the complete blockchain is not needed all at once since it is possible to run in pruning mode. A command line-based daemon with a JSON-RPC interface, bitcoind, is bundled with Bitcoin Core. It also provides access to testnet, a global testing environment that imitates the bitcoin main network using an alternative blockchain where valueless “test bitcoins” are used.

When you use our calculator to assess the transaction profitability, don`t forget about the mentioned feature. If the transaction is identified as high-risk, the exchange office may suspend the exchange operation until it is verified in accordance with FATF standards. For these reasons and more, a LTC holder may want to exchange their LTC for BTC. BTC is accessible, liquid, transparent and highly profitable. It is also free from a central authority and has high return potential. Deutsche Bank used the Fed fund futures curve to illustrate that the market expects a recession to start in January 2023. Your crypto is securely and instantly delivered to your personal wallet. Enter the address of the recipient to process the Bitcoin – Litecoin transaction. Litecoin has a maximum circulating supply of 84,000,000 LTC, which is four times larger than Bitcoin’s maximum circulating supply of 21,000,000 BTC.

This also goes vice versa, as you can input LTC to get its current value in BTC. One is located to the left and the other to the right of the calculator. If you’re interested in trading Bitcoin to Litecoin or vice versa, please keep reading our short guide on how to do it with Godex.io. History of daily rates BTC /LTC since Saturday, 26 June 2021.

Litecoin price

This raised concern in some users that mining now had a high barrier to entry, and that CPU resources were becoming obsolete and worthless for mining. Using code from Bitcoin, a new alternative currency was created called Tenebrix . This would allow Tenebrix to have been “GPU-resistant”, and utilize the available CPU resources from bitcoin miners. Tenebrix itself was a successor project to an earlier cryptocurrency which replaced Bitcoin’s issuance schedule with a constant block reward .

In the lower part of the screen, you’ll see the Limit tab. Choose between Buy LTC and Sell LTC depending on your needs. Just input the amount you’d like to buy or sell in the respective field and press the Place order button. Once the price reaches the price you’ve set, the order will be filled.

Join the millions around the world who love PayPal

Swapzone is an instant non-custodial cryptocurrency exchange aggregator. You can calculate the crypto conversion cost quickly and simply on StormGain with our built-in calculator. Just enter the currency and the amount that you would like to convert. The calculator will display the amount of crypto that you will get, the exchange rate and the commission amount. StormGain offers one of the lowest commissions in the market. Learn more on our ‘Fees & limits’ page and try our instant cryptocurrency exchange. All the facilities are available in our app and on the website.

To explain in short, both being cryptocurrencies, Bitcoin and Litecoin resemble each other in many ways. Basically, Litecoin is a relative to the Bitcoin software project, just with different algorithms and LTC has also faster transactions processing time. Do you want to know the costs of exchanging your LTC for other cryptocurrencies like ETH? You can check our price calculator to find out the latest amounts for exchanging these coins. Use your bank card, Apple Pay, or a bank transfer to purchase Bitcoin on our platform. The targeted block time is every 2.5 minutes for Litecoin, as opposed to Bitcoin’s 10 minutes. This allows Litecoin to confirm transactions four times faster than Bitcoin. In June 2022, PayPal added the ability for users to transfer Litecoin along with Bitcoin, Ethereum and Bitcoin Cash between PayPal to other wallets and exchanges. In May 2022, MWEB upgrade was activated on the Litecoin network as a soft fork.

In early 2014, Lee suggested merge mining Dogecoin with Litecoin to the Dogecoin community at large. After launch, the early growth of Litecoin was aided by its increasing exchange availability and liquidity on early exchanges such as BTC-e. During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours. Do you know that each Zonda user has an individual wallet address for each crypto? Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. ZCash is a decentralized and anonymous payment system. It is an enhanced, transaction-shielded fork of Bitcoin. Breaking down everything you need to know about Bitcoin mining, from blockchain and block rewards to proof of work and mining pools. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear.

The good news is that Godex.io doesn’t impose maximum limits on trading — trade as much as you want. However, make sure to pay attention to the minimum limit of 0.005 BTC. Finally, Godex is a decentralized exchange, which means that no upper limits are imposed on trading. Let’s see how to trade Bitcoin to Litecoin using the simple Godex.io converter. The best day to change Bitcoin in Litecoin was the Saturday, 11 June 2022. At that time the currency had reached its highest value. To do this, go to the Trade section and find the Market tab in the lower part of the screen. Choose whether to buy or sell, input the amount, and press Place order. The system will match your order with those already in the order book and complete it at the best market rate. On the Trade section of the website, choose the LTC/BTC pair.

More about Litecoin

Our LTC to BTC converter allows our users to swap Litecoin to Bitcoin without registration and limits, at the best exchange rates in the market. All the cryptocurrency exchange fees, which are complex and multi-layered, are included in the amount you can see before proceeding with your swap. Here, you can exchange any coins at the best rate instantly picked across the world’s top crypto exchanges. It is possible to calculate the exact amount before you make a transaction. With Swapzone, users can compare real-time exchange rates of different currencies. Users also have access to over ten service providers offering a plethora of more than 400 currencies. All assets are custom-free and do not require registration. The Markets Insider currency calculator offers a currency conversion from Bitcoin to Litecoin within seconds. Vacationers in Krypto can make conversions at the current exchange rate. The currency calculator provides an ideal tool for investors investing in international stock exchanges with different currencies.

CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. The benefits that Godex.io offers will help you maximize the efficiency of your trading strategy and make fast and efficient swaps. First of all, you need to enter the amount you’d like to trade.

Live Price Price LTC to BTC

Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Visit Gemini.com or Coinbase.com if you need to sell Bitcoin and Litecoin online. In May 2021, LTC price recorded its all-time high of $412.96, but it fell by over 50% in the following six months. You can begin investing in Litecoin with Coinswitch in a matter of 5 minutes. To change currency, press the flag or currency symbol. Crypto’s automatically available as a payment option as long as you’re able to pay in full. Select crypto at checkout on eligible purchases when checking out at millions of online stores worldwide. To learn about digital currencies and how they work.

• This lesson is a compilation of the most commonly used crypto trading terms.
• The interface is pretty nice and simple to use which makes it comfortable both for newbies and pro-traders.
• Kirsten Rohrs Schmitt is an accomplished professional editor, writer, proofreader, and fact-checker.
• The exchangers are sorted by the rate, with the best rates on the top.

However, the developers included a clause in the code that would allow them to claim 7.7 million TBX for themselves at no cost, which was criticized by users. Choose your currency and make a deposit to your Zonda Exchange account using a card, instant bank transfer or traditional bank transfer. Since Bitcoin was founded, hundreds of other cryptocurrencies have been forked from it or been created. Read more about litecoin calculator here. Litecoin , a Bitcoin fork, is one of these altcoins—the term for cryptocurrencies that are not Bitcoin. While Litecoin is based on the same underlying blockchain and verification method as Bitcoin, several key differences might help you decide which is right for your interests and goals.

Touted as the “silver to bitcoin’s gold,” Litecoin was developed to have much faster transaction speeds than Bitcoin, as well as to be more scalable. Buying and selling cryptocurrency is subject to a number of risks and may result in significant losses. PayPal does not make any recommendations regarding buying or selling cryptocurrency. Consider seeking advice from your financial and tax advisor. PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Buying, selling, transferring, and holding cryptocurrency with PayPal is not available in Hawaii and where prohibited by law. You can exchange Bitcoin for Tether easily in just a few steps.

Litecoins are generated faster than Bitcoin, but Bitcoin is worth more. Bitcoin might be better if you want more value per coin, while Litecoin might be better if you want more coins at a lesser value. Both appear to believe that Bitcoin aligns with their interests, values, and financial goals, so its price reflects that. Over the past several years, public interest in cryptocurrencies has fluctuated dramatically. It has garnered attention from investors, whose interest in cryptocurrency has surged as it has aged. The main focus of this interest has been Bitcoin, which has become synonymous with creating cryptocurrency millionaires and increasing people’s digital wealth. Mimblewimble – a privacy protocol that aims to make cryptocurrency transactions anonymous – is expected to hit the Litecoin network by the end of 2021.

We are proud to announce that the Zonda exchange is now available to citizens of Italy. You will receive mail with link to set new password. From its founding, Litecoin was seen as being created https://www.beaxy.com/buy-sell/neo-btc/ in reaction to Bitcoin’s tendency to gravitate towards centralization. Bitcoin’s market cap remains much higher than Litecoin’s. Litecoin can produce a greater number of coins than Bitcoin.

Applied Mmt For A Concise Understanding Of The Economy And The Markets

If a trader wants to place orders at pre-determined price points, he can do so automatically without showing his orders on the books by using simple https://topcoinsmarket.io/ trading software. That said, there are some advantages that would lead a trader to reveal his intentions by placing large, public limit orders.

• If one buy or sell limit is filled by a market order it is one volume and shows in the Volume Profile.
• Through this indicator, you can see which prices are the most traded areas and were are less traded areas.
• In a future post, we will learn more about how market makers can provide liquidity and what their incentive is for doing so.
• For the most time, the markets want to stay in the volume area.
• The Volume Profile shows you the traded volume on each price level.

Nasdaq’s TotalView claims to provide more market information than any other book—displaying more than 20 times the liquidity of its legacy Level 2 market depth product. Unfortunately, the retail Forex trading industry is lacking this great feature.

Fortunately, the Forex order book doesn’t suffer from this disadvantage, but we repeat once again that manipulations are possible there. The order book is very useful for identifying significant price levels. For instance, if there is a large quantity of buy orders on a given price level, this level is likely to be a level of support. This becomes a price that a trader may be interested in purchasing a stock, looking for the price to bounce up off of the area of support. The trader may also be interested in shorting this price if it looks like all of the shares on the bid will be executed or cancelled. When a significant level gets executed like this, it is often a spot where there will be momentum in the direction of the executed price level after the level is gone. Order books continue to collate an increasing amount of information for traders for a fee.

By following these technical indicators and patterns, traders hope to find a trend and predict where the market will go next. Order Flow Trading is really necessary when it comes to do day trading or trade large positions on the market. You can https://www.beaxy.com/faq/how-do-i-read-the-order-book/ directly see why and where the market is moving by watching the order book. Order Flow Trading will help you to make better decisions for your investments. So the market is very fast and humans are much slower than automated trading systems.

This is the basic version of the order book provided by Oanda, one of the largest US forex brokers. It can provide us a guide as to the net open orders and open positions of traders. All the usual order types available for traders (market orders, limit orders, iceberg orders, and market makers can send two-way executable quotes). They https://tokenexus.com/ require some skill to identify and they should not be used on their own. But every now and then, these tools show great insight and can help traders find an edge in their forex trading. They all watch price action or use technical indicators; moving averages, MACD, RSI, trend lines, pivot points, support and resistance lines.

The point is that the order book does not always paint the full picture of a market. When you see a small quantity in the order book, you don’t know if the trader behind that order actually wants to buy or sell more than is being advertised. The tick size defines the precision of the bid and ask levels. This means you can place orders at quantities such as 8711.93 and 8711.94 but not at 8711.935. With a small tick size you can place fine-grained orders, which may result many tiny quantities at different levels of the book.

ATAS is one of the best Order Flow Software for retail traders. You can connect any data feed or brokerage account with this platform. The platform comes with a lot of indicators and customizable tools for Order Flow Trading. You can easily use the well-known tools like Order Book, Footprint Chart, or Volume Profile.

You would then place a limit order at $298.50 and the trade will not execute until the share can be bought at that price. An order book is a list of trades, either electronic or manual, that an exchange uses to record market interest in a specific security or financial instrument. Shares are normally listed in an order book by volume and by price level. That’s why the information in the order book should be used as one of many criteria in choosing to buy or sell an asset at a given price. Day traders may receive both Level I and Level II market data through their brokerage.

Having a good trade idea and sticking to a plan are just part of the trading battle. Here are common rules that traders forget so that they end up killing their good trades.

What Is The Order Book In Forex?

These serve a different purpose from the bestseller trading books outlined above. An order book is an electronic list of buy and sell orders for your specified security or instrument, organised by price level. You’ll be able to see which brokerages are buying or selling the stock and whether the market is being pushed by institutions or retail investors. Although https://www.beaxy.com/ not quite making the top 5 books, this text deserves a look in. If you’re looking for an easy to understand book that doesn’t waste words, then this is a sensible choice. The author focuses on market philosophy and delves into his own trading psychology. You’ll also benefit from three interviews with successful day traders, picking up an array of useful tips.

Level Ii Market Data

Level II market data provides the additional information needed to trade based on changes that occur in the bids and offers. The lowest five to 15 prices where traders are willing to sell an asset and have placed an order to do so. In actively traded stocks, there are offers every $0.01 above the current ask, and in actively traded futures, there are offers each tick above the current ask. One of the tools day traders use to make their trading decisions is various types of market data, commonly referred to as Level I and Level II market data. A limit order, on the other hand, is an order that is placed to buy or sell a financial instrument at a specific price. The process of buying and selling is then automated by the trading platform/exchange. For example, let’s say that the current market price for a share of Apple is $300, but according to your analysis, it would be a better buy at $298.50.

It’s not uncommon to post-process the order book to remove such noise or aggregate adjacent levels. Asks consists of orders from other traders offering to sell an asset – BTC in this case. In contrast to the CLOB approach is the Request For Quote (“RFQ”) trading method. In this method, a customer queries a finite set of participant market order book trading makers who quote a bid/offer (“a market”) to the customer. The customer is prohibited from stepping inside the bid/ask spread and thereby reducing its execution fees. Contrary to the CLOB model, customers can only trade with dealers. They can not trade with other customers, and importantly, they can not make markets themselves.

MetaTrader 4, the platform used by most traders, does not offer a Forex Order Book. Moreover, most Forex brokers provide an aggregated feed to their clients and show just a few price levels from the Order Book.

Level Ii Market Data And The Order Book

Level II market data, also known as “market depth” and the order book, look at bid and ask prices and sizes beyond the bid and ask prices nearest the market price in Level I data. Many traders like looking at the cumulative number of shares being offered at each level. If there is an imbalance, that may denote which side the market is leaning toward with respect to a particular security or asset. Traders may also look at the size being offered at the bid and ask to obtain a general understanding of where the market is likely to head.

Big banks are running automated systems for getting their trades placed because they are using high trading volume. The Order Flow Indicator shows you directly the biggest trades/volumes which are made on the actual price. For example, if you see a lot of buying pressure on an important price level you can enter a trade.