### Comment:
Yes; there should be *something* to this because it seems most ppl (irrationally except for tax loss purposes) 'anchor' themselves to their breakeven price. 
  
 One question: if by 'buying volume' you  mean volume transacted at the ask price, what are some data sources/softwares that provide/identify that info?

### REPLY:
I would just do it graphically. Get think or swim and look at the candles. A day candle could be misleading so zoom in to the 30 minute candles. You can go even further if you wanna get more precise. Look at the wicks of the candles. If there is a big ass green candle with a lot of volume, and no wick, you can be sure that all of that volume was buying.

### END.