Yes, it's interesting, but it's not entirely accurate.
Besides its extremely interesting to see what the bulk of the volume has been traded at.
For example, if you look at time and sales in real time, you may see a couple trades at 0.0005, and then another trade at 0.0005. But this last is marked as a "downtick". Why's that? Because the trade actually went off somewhere between 0.00045 and 0.0005. Might be a buy, might be a sell.
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