Green shoot analysis - volume increasing

MatTheCat

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Quote from: T.Stuart on January 19, 2014, 09:37:06 AM

There is a whole lot of demand out there that you just can't see.

Sum the feelings of everyone in the market. 2014 is the tipping point: the move from investors feeling more secure in fiat to investors feeling more secure in Bitcoin (I'm not talking about you handful of die-hard veteran investors of course Wink

) !

Q) What is the largest BTC wallet in the whole world?

A) The DPR seized Silk Road coins wallet!

Q) What is about to happen to all those 144K coins in the very near future?

A) They are getting sold at auction no doubt a price level way below the current market rate?

Q) What will then be done with those auctioned cheap coins by those who acquire them?

A) Good fucking question but the very best that can happen, is that they are sold to investors who would otherwise represent zero buying power at the exchanges, and who decide to hoard the entire lot of them. That is the utmost 100% best that can happen and any anything that falls short of this bull's wet dream is going to be a bearish factor for Bitcoin.

Thankyou please!

T.Stuart

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There is a whole lot of demand out there that you just can't see.

Sum the feelings of everyone in the market. 2014 is the tipping point: the move from investors feeling more secure in fiat to investors feeling more secure in Bitcoin (I'm not talking about you handful of die-hard veteran investors of course Wink

) !

Ducky1

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Quote from: TERA on January 19, 2014, 06:28:58 AM

Quote from: Ducky1 on January 19, 2014, 04:54:39 AM

Green shots are back today..

Can you explain? I see what appears to be the record lowest volume day since October.

Bot buys 10-20 coins about every 10 minutes. That amounts to approx. 2000 coins/24 hour if its turned on all the time. So, the price will rise.

T.Stuart

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Quote from: pand70 on January 19, 2014, 08:07:17 AM

Using the word analysis for that sub-kindergarten chart reading is way to much...

Ha ha!

pand70

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Using the word analysis for that sub-kindergarten chart reading is way to much...

Apostata

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Quote from: deadfi$h on January 19, 2014, 06:41:10 AM

Assuming there even is more volume on the upside (it's unclear), you would have to wait for an actual price movement anyways to confirm. If the volume isn't significant enough to move price, it isn't significant enough to be a reliable indicator. That makes this analysis very very close to pointless.

Exactly.

Apostata

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Quote from: T.Stuart on January 19, 2014, 06:52:10 AM

More significant than you think in the market today, with the positive sentiment and the record level of hodling going on.

If the market is going sideways - I mean really straight - then the minute level can give you a clue as to sentiment in this way, even if the price doesn't move.

The reason it doesn't move is because there is a sell wall. The small buys are nibbling that wall. But there are still more buys than sells. That's market sentiment.

Thinking on this level is going to become more useful as time goes on because there are going to be increasing numbers of small buyers - minnows - and together they will be a force to be reckoned with.

Look, I can appreciate your enthusiasm, but the 1m charts give absolutely no indication of anything at all. And over the past couple of days, and today in particular, volume (your "green shoots") is dropping in a big way.

T.Stuart

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Quote from: TERA on January 19, 2014, 07:22:50 AM

Quote from: T.Stuart on January 19, 2014, 07:18:35 AM

Quote from: TERA on January 19, 2014, 07:09:27 AM

A couple weeks ago all the indicators on the daily chart were still up and there was still a clear trendline intact which led to a triangle breakout.

I think it was 31 December. I don't know if that was when you were on holiday, remember?

No-one would call it either way. That was clear. I think the majority had no confidence in the trend.

Yes but at least a trend was there. Today we are hoping for this miracle recovery after the trend was just recently broken and daily MACD is down.

Yeah but be honest, you are probably a bit surprised that this particular crash down hasn't happened yet aren't you?

All I can say is that a couple of weeks back the first in a line of experts proposed two scenarios to occur within a day or two: a large crash or a sharp uptrend. He gave the latter odds of 1:100 of happening.

Just watch over the days to come. We will start going up again into a new trend after this consolidation.

TERA

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Quote from: T.Stuart on January 19, 2014, 07:18:35 AM

Quote from: TERA on January 19, 2014, 07:09:27 AM

A couple weeks ago all the indicators on the daily chart were still up and there was still a clear trendline intact which led to a triangle breakout.

I think it was 31 December. I don't know if that was when you were on holiday, remember?

No-one would call it either way. That was clear. I think the majority had no confidence in the trend.

Yes but at least a trend was there. Today we are hoping for this miracle recovery after the trend was just recently broken and daily MACD is down.

T.Stuart

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Quote from: TERA on January 19, 2014, 07:09:27 AM

A couple weeks ago all the indicators on the daily chart were still up and there was still a clear trendline intact which led to a triangle breakout.

I think it was 31 December. I don't know if that was when you were on holiday, remember?

No-one would call it either way. That was clear. I think the majority had no confidence in the trend.

TERA

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Quote from: T.Stuart on January 19, 2014, 06:52:10 AM

Quote from: deadfi$h on January 19, 2014, 06:41:10 AM

Quote from: Apostata on January 18, 2014, 04:07:38 AM

I keep hearing "Green Shoots" and "microcosmic" trends. If you want to talk about TA you may want to have a look at babypips, they have a great school for analysis http://www.babypips.com/school. I'd recommend you have a look.

Also I'd recommend zooming out on your charts. 1 minute charts are too narrow. Zoom out, 15m minimum, 1 hour, 4 hour and daily.

This.

Assuming there even is more volume on the upside (it's unclear), you would have to wait for an actual price movement anyways to confirm. If the volume isn't significant enough to move price, it isn't significant enough to be a reliable indicator. That makes this analysis very very close to pointless.

More significant than you think in the market today, with the positive sentiment and the record level of hodling going on.

If the market is going sideways - I mean really straight - then the minute level can give you a clue as to sentiment in this way, even if the price doesn't move.

The reason it doesn't move is because there is a sell wall. The small buys are nibbling that wall. But there are still more buys than sells. That's market sentiment.

Thinking on this level is going to become more useful as time goes on because there are going to be increasing numbers of small buyers - minnows - and together they will be a force to be reckoned with.

A couple of weeks back the market was going sideways. People were looking to the direction of the break but if I remember correctly no-one called it clearly - everyone saying it was too close to call. But I saw a significant majority of these small buys on the Gox minute scale, eating at a large wall. It looked quite clear that it was only a matter of time before this pressure had an effect. After a couple of hours the wall was gone and when the price started moving up, people piled in.

A couple weeks ago all the indicators on the daily chart were still up and there was still a clear trendline intact which led to a triangle breakout.

T.Stuart

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Quote from: esse83 on January 19, 2014, 06:53:14 AM

Most of the "green shoots" is being created by a bot buying around 10-19 btc every 8 minutes. Last time it was turned on it ran for weeks, I believe it was turned on yesterday.

The market is made up of human beings, machines and all sorts! Everything has to be taken into account.

esse83

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Most of the "green shoots" is being created by a bot buying around 10-19 btc every 8 minutes. Last time it was turned on it ran for weeks, I believe it was turned on yesterday.

T.Stuart

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Quote from: deadfi$h on January 19, 2014, 06:41:10 AM

Quote from: Apostata on January 18, 2014, 04:07:38 AM

I keep hearing "Green Shoots" and "microcosmic" trends. If you want to talk about TA you may want to have a look at babypips, they have a great school for analysis http://www.babypips.com/school. I'd recommend you have a look.

Also I'd recommend zooming out on your charts. 1 minute charts are too narrow. Zoom out, 15m minimum, 1 hour, 4 hour and daily.

This.

Assuming there even is more volume on the upside (it's unclear), you would have to wait for an actual price movement anyways to confirm. If the volume isn't significant enough to move price, it isn't significant enough to be a reliable indicator. That makes this analysis very very close to pointless.

More significant than you think in the market today, with the positive sentiment and the record level of hodling going on.

If the market is going sideways - I mean really straight - then the minute level can give you a clue as to sentiment in this way, even if the price doesn't move.

The reason it doesn't move is because there is a sell wall. The small buys are nibbling that wall. But there are still more buys than sells. That's market sentiment.

Thinking on this level is going to become more useful as time goes on because there are going to be increasing numbers of small buyers - minnows - and together they will be a force to be reckoned with.

A couple of weeks back the market was going sideways. People were looking to the direction of the break but if I remember correctly no-one called it clearly - everyone saying it was too close to call. But I saw a significant majority of these small buys on the Gox minute scale, eating at a large wall. It looked quite clear that it was only a matter of time before this pressure had an effect. After a couple of hours the wall was gone and when the price started moving up, people piled in.

deadfi$h

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Quote from: Apostata on January 18, 2014, 04:07:38 AM

I keep hearing "Green Shoots" and "microcosmic" trends. If you want to talk about TA you may want to have a look at babypips, they have a great school for analysis http://www.babypips.com/school. I'd recommend you have a look.

Also I'd recommend zooming out on your charts. 1 minute charts are too narrow. Zoom out, 15m minimum, 1 hour, 4 hour and daily.

This.

Assuming there even is more volume on the upside (it's unclear), you would have to wait for an actual price movement anyways to confirm. If the volume isn't significant enough to move price, it isn't significant enough to be a reliable indicator. That makes this analysis very very close to pointless.

TERA

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Quote from: Ducky1 on January 19, 2014, 04:54:39 AM

Green shots are back today..

Can you explain? I see what appears to be the record lowest volume day since October.

Ducky1

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Green shots are back today..

T.Stuart

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Quote from: Apostata on January 18, 2014, 04:07:38 AM

I keep hearing "Green Shoots" and "microcosmic" trends. If you want to talk about TA you may want to have a look at babypips, they have a great school for analysis http://www.babypips.com/school. I'd recommend you have a look.

Also I'd recommend zooming out on your charts. 1 minute charts are too narrow. Zoom out, 15m minimum, 1 hour, 4 hour and daily.

Also, volume has decreased fairly significantly over the past couple of weeks.

And the "green shoots" are called "candlesticks".

It is something to look at only in periods of stagnant sideways movement.

It's the volume bars I'm looking at not the candlesticks.

Thanks for the link!

Apostata

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I keep hearing "Green Shoots" and "microcosmic" trends. If you want to talk about TA you may want to have a look at babypips, they have a great school for analysis http://www.babypips.com/school. I'd recommend you have a look.

Also I'd recommend zooming out on your charts. 1 minute charts are too narrow. Zoom out, 15m minimum, 1 hour, 4 hour and daily.

Also, volume has decreased fairly significantly over the past couple of weeks.

And the "green shoots" are called "candlesticks".

T.Stuart

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More green shoots!

As Gox goes sideways, zoom in on the minute scale.

What do you see at the volume level? A nice majority of green shoots!

Why don't they make the price move upwards? Because of the ask wall on Gox.

But what they do suggest is that buying pressure is greater than selling pressure on a microcosmic scale.

Last time I called out this indicator we moved into a significant uptrend around an hour later.

Topic: Green shoot analysis - volume increasing (Read 2988 times)