volume is predictably low. many people are waiting for auction results before they make any moves.
watching bitstamp is making me sleepy
Topic: Dat volume (Read 1971 times)
watching bitstamp is making me sleepy
volume is predictably low. many people are waiting for auction results before they make any moves.
Ground breaking volume guys. Such adoption rate, many care from people, very spiky.
I will be buying some coins on May 30, 2014 (two days from now). You can expect the price to drop the following day, which will be June 1, 2014. FML.
Well, you cant deny there is double top on 12h chart, why not buy after it bursts down?
So you mean the first top is the mid-April top before the big crash to $340? Wasn't really a major top, but I can see it. Unfortunately, we won't know it's a double top until it breaks through support.
I will be buying some coins on May 30, 2014 (two days from now). You can expect the price to drop the following day, which will be June 1, 2014. FML.
Well, you cant deny there is double top on 12h chart, why not buy after it bursts down?
I don't see a double top.
That is what your biological mother said.
I will be buying some coins on May 30, 2014 (two days from now). You can expect the price to drop the following day, which will be June 1, 2014. FML.
Well, you cant deny there is double top on 12h chart, why not buy after it bursts down?
I don't see a double top.
I will be buying some coins on May 30, 2014 (two days from now). You can expect the price to drop the following day, which will be June 1, 2014. FML.
Well, you cant deny there is double top on 12h chart, why not buy after it bursts down?
I will be buying some coins on May 30, 2014 (two days from now). You can expect the price to drop the following day, which will be June 1, 2014. FML.
It's tough, because if we were to fall back into a down trend, you'd almost have to wait for such a massive drop to confirm that's what was happening, rather than just a correction to the uptrend. Oh, trading...
A correction will be a change in trend, just on a smaller scale. The larger trend would still be intact. I look for reversal patterns. Volume is important too. I'm looking at the 12h chart... sorta see a double top, maybe a h&s... but you never know because Huobi could explode upward again.
Ah, so here we are still with western exchanges simply following Huobi (and Okcoin)... how long will that last? If it keeps up, we are bound to be held hostage to news out of the PBOC, etc
It's tough, because if we were to fall back into a down trend, you'd almost have to wait for such a massive drop to confirm that's what was happening, rather than just a correction to the uptrend. Oh, trading...
A correction will be a change in trend, just on a smaller scale. The larger trend would still be intact. I look for reversal patterns. Volume is important too. I'm looking at the 12h chart... sorta see a double top, maybe a h&s...declining volume makes me nervous... but you never know because Huobi could explode upward again.
It's tough, because if we were to fall back into a down trend, you'd almost have to wait for such a massive drop to confirm that's what was happening, rather than just a correction to the uptrend. Oh, trading...
what support level would have to break for the uptrend to be considered over or failed??
We'd have to drop below ~$450 and stay under for at least a couple days. But we're already 9 days out of the downtrend, there is good news everywhere, and sentiment is shifting to the upside. Reverting to the previous downtrend is highly unlikely.
I agree. Don't look at the previous rise in terms of pass or fail. We got a nice rise with solid volume--I'd say that's a success. After a correction (which is inevitable at some point, we can't move up forever) the uptrend will likely resume.
Well I guess that's sort of the question. The "uptrend will likely resume" -- but if it won't, what signals are we looking for? I've been trying to figure that out myself.
If we retraced back more than 75% of the current rise on heavy sell volume I would question it. Still, looking at last summer's chart you can see we retraced 50-60% after a strong ascent out of final capitulation, then the uptrend continued.
You must be on someone's payroll? Perhaps the PBOC?
You really think someone's paying the guy?
what support level would have to break for the uptrend to be considered over or failed??
We'd have to drop below ~$450 and stay under for at least a couple days. But we're already 9 days out of the downtrend, there is good news everywhere, and sentiment is shifting to the upside. Reverting to the previous downtrend is highly unlikely.
I agree. Don't look at the previous rise in terms of pass or fail. We got a nice rise with solid volume--I'd say that's a success. After a correction (which is inevitable at some point, we can't move up forever) the uptrend will likely resume.
Well I guess that's sort of the question. The "uptrend will likely resume" -- but if it won't, what signals are we looking for? I've been trying to figure that out myself.
what support level would have to break for the uptrend to be considered over or failed??
We'd have to drop below ~$450 and stay under for at least a couple days. But we're already 9 days out of the downtrend, there is good news everywhere, and sentiment is shifting to the upside. Reverting to the previous downtrend is highly unlikely.
I agree. Don't look at the previous rise in terms of pass or fail. We got a nice rise with solid volume--I'd say that's a success. After a correction (which is inevitable at some point, we can't move up forever) the uptrend will likely resume.
We didn't see 600$ yet but dont be so negative OP.
Tommorow is a good day for a rise again.
Ofcourse we could also go down again, but after a while down, the charts mostly go up after a while.
Especially after we had such bad news with mtgox, Wich the media could exploit.
So now all has settled down I think Bitcoin did really good and we can see a rise again with some good news!
Tommorow is a good day for a rise again.
Ofcourse we could also go down again, but after a while down, the charts mostly go up after a while.
Especially after we had such bad news with mtgox, Wich the media could exploit.
So now all has settled down I think Bitcoin did really good and we can see a rise again with some good news!
what support level would have to break for the uptrend to be considered over or failed??
We'd have to drop below ~$450 and stay under for at least a couple days. But we're already 9 days out of the downtrend, there is good news everywhere, and sentiment is shifting to the upside. Reverting to the previous downtrend is highly unlikely.
I know we broke through the down trend line / triangle, but does that mean the down trend is definitely over? Unless we enter a definitive uptrend or we enter a range (the latter we won't know until some time has passed), I'd say we are swimming in no man's land, and that the downtrend could rear its ugly head again.
what support level would have to break for the uptrend to be considered over or failed??
We'd have to drop below ~$450 and stay under for at least a couple days. But we're already 9 days out of the downtrend, there is good news everywhere, and sentiment is shifting to the upside. Reverting to the previous downtrend is highly unlikely.
what support level would have to break for the uptrend to be considered over or failed??
The uptrend is started, low volumes after this fast climb doesn't mean anything in my opinion, we need some consolidation to set 570$ as the new bottom.
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