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Topic: I just noticed something on the 1 month chart.. (Read 1825 times)

hero member
Activity: 924
Merit: 506

You have an explanation?

If there was any real meaning to a trend. The trading volume may have simply got split between two hour bars. Just add up the two red bars below where your arrow is pointing. Consider that the prior volume spikes were decreasing in size over time. They add up to about the volume one might have expected if the trend was thought to be significant or meaningful.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Simple, the 1st 3 events, people panic and sold/bought in 10 minutes, hence the high volume.  Last sold/buy occurred slowly over a few hours, no real panic, so the volume is there, but much more spread out.  If you take the "energy" of the first 3 spikes, and compare to the 4th sell/buy over larger time period, I'm sure you get the same...  Smiley

Yes that makes sense. But it still doesn't explain why it took so long this time.
sr. member
Activity: 378
Merit: 250
Simple, the 1st 3 events, people panic and sold/bought in 10 minutes, hence the high volume.  Last sold/buy occurred slowly over a few hours, no real panic, so the volume is there, but much more spread out.  If you take the "energy" of the first 3 spikes, and compare to the 4th sell/buy over larger time period, I'm sure you get the same...  Smiley
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
This is not a contest for the most stupid attempt at a witty response!  Cheesy
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas


You have an explanation?

I would say that someone photoshopped those black arrows. I do not think it is part of the original chart.

Good enough explanation?
full member
Activity: 224
Merit: 100
DigiByte Founder
That is where all the panic flash crashes have occurred. A quick crash has followed every big price jump.
full member
Activity: 183
Merit: 101
those are signs of strenght ...


as u see traders buy into weakness .. the high vol.  resulting in no downward progress tell us just that..

i mean look  whats happened there ,we traded lower but closed near the highs all the time .. u could call that shakeouts ... get rid of weakholders so to speak

cheers

sr. member
Activity: 246
Merit: 250
Mt.Gox was under DDOS that time, people couldn't panic. Although that means next selloff will be huge.

Yeap, hackers are trying to cause panic in order to sell high and buy low
full member
Activity: 146
Merit: 100
Hack MtGox servers
Post Closing down message
Huh
Profit
member
Activity: 84
Merit: 10
I noticed that too.

I think it's Pavlovian.  People were trying to front run the next dump - and got played.

There's some good traders in bitcoin.
hero member
Activity: 506
Merit: 500
Mt.Gox was under DDOS that time, people couldn't panic. Although that means next selloff will be huge.
full member
Activity: 184
Merit: 100
someone cashing out responsibly?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP


You have an explanation?
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