Topic: Low Volume ? - page 2. (Read 1728 times)
I am about to go to bed and while seeig this large dump just happened i fear to leave my coin in wallet. But after seeing the market movement i decided not to sell now. Hope tomorrow it will be upto 450+ again.
a lot of people dumped their bitcoins thats why the price went that much down though i believe that its only a question in time when the price will start going up againi believe that tomorrow the price will be nearly the same as it was earlier at about 450
Less volume makes it easier to pump... or dump.
This volume is the real market volume of bitcoin. Meaning in a few days/weeks when the market manipulators come back we will see a big pump.. or they decided to cash out..
This volume is the real market volume of bitcoin. Meaning in a few days/weeks when the market manipulators come back we will see a big pump.. or they decided to cash out..
I still show that it's about even on the week as a whole so well see. It's gotta go down at some point, its just a question of how much
It did fall to $440.32 at Bitstamp and even $437 on Bitfinex. At this point I'm not quite sure if the dump is over. Support around the $440 price level is very weak. If there is another dump then it can even reach $430 today.
Low volume going horizontally is pretty much a guarantee of a nice dump upcoming, those are very profitable moments, you can easily take 10-20% profit just in the upcoming 2 days.
I do some day trading so i am not quite expert. But if we see no movement for several hours with low volume anything can happen. So its better to follow trend rather than guessing what will happen after constant trend.
Does it mean anything that the volume is very low compared to the volume around the 4th when we had a rise, i am guessing it means theres not enough momentum to keep rising a fall is due soon. I am not a trader so dont fully understand these charts.
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