Topic: Low Volume ? (Read 1731 times)

Ahem....... 


Not that I can take personal credit for this market insight.......a a pro trader told me! But it certainly pays to pay attention to what the Pros say, other than the inane brain damage that gets touted around this forum.

Hmm, now let me see.

'They' took their positions $300-$320. Bitcoin currently $430. $100 Profit per BTC. That is like 33% gains!

But, instead of taking this profit, and then letting/making the market fall away back down the price scale into $300s and further profiting from Short Selling Bitcoin, before reloading 'their' long positions at wholesale panic dumpy prices, to later dump at retail prices back up in the upper $400s or possibly the $500s, you think it would be more profitable for the whales just hodl their BTC and push the spot price up even higher?

Well....if that is what ya like to think.....

I would go for a pump, I don't think the whales would decide to cash all out with the price being this low. I doubt they would enjoy so very little profits.
Who knows though, I'm just gonna wait until a pump happens.

Well I'm not a brand new shill account and I say Bitcoin's price will definitely go down. I agree with newcoins1978, and he didn't say Bitcoin's dying, he said the price will crash soon.

Finally something reasonable and backed by some technical arguments in a sea of 'to da moon' posts.
I also see quite a lot of support levels in the cluster between $350 and $400 and I expect this area to be tested in the upcoming weeks with a positive outcome.
The only question to me is how deep we go below $400, $360 would be already a very reasonable correction, I expect to have keen buyers already at around $380.

Who beside brand new shill accounts have been talking about Bitcoin is dying? I haven't seen anyone beside you. The price will definitely go up as we are heading closer and closer towards the block halving. Each dump that you see now is just a temporary occurrence. People should not panic and use it to buy more coins if they haven't already.

Sign of what? Big Dump? Are you sure about this? Can you explained why? Comparing to last rally to $500 huh. It's different like I said in my previous post. Today's rally to  around $430-$460 from $280 are month in the making compare to last rally that less than 72 hours in the making.

Why does the 3 Month Futures Contracts on OKCoin expire on 25th Dec 2015? I thought they would have picked midnight on New Year's eve, or the stat of the next financial quarter. I know 25th Dec means nothing to the Chinese, it's a normal working day there, but it's a strange time to pick for Futures Contracts expiry because half the world will be busy holidaying then.

I did the same with silver mat. I seem very much in the same situation.

Yes I believe this will happen as well. It wouldn't surprise me. We'll just have to wait and see what will happen the next couple of days or so.
At least nobody can say that bitcoin is dying, it keeps on moving.

LOL....we will see...

Back in 2010, I swallowed Gold Bug and Silver Stacker's faerie stories hook line n sinker, I made the single biggest investment I have ever made in my life after a particularly good year workwise.....and despite having seen substantial gains at first, 5 years down the line, and I am now down around 35%-40% down on overall on my intitial investment. If I just held onto my FIAT, I could have bought a very decent 2nd hand car and still buy the exact same amount of gold n silver rounds that I currently own...but this is Bitcoin, its different this time, right?

Markets are markets. N00bs will be slaughtered, smart money will make money, and all hodlers are n00bs who will hodl right to the top and still be hodling right the way down to the very bottom....whether they capitualte right at the very bottom depends on the n00b (I tend to do just that, so have to avoid being so stupid as to hold through high risk market periods).

I shall PM you when I am retaking my position at the 38.2% (this WILL happen), and again if/when I am yet again retaking it at the 61.8%.

ok so you want me to hold?

It's a sign of a big big dump coming... But after the dump the price is probably going to go back up again pretty soon as we've seen several times this month already.

You heard it here first guys, HOLD.
No offense Matt, you seem like a great guy and all, but your continuing failed attempts to get a handle on this thing called bitcoin is just getting embarrassing.

Markets are complicated creatures... it could be something that would take 3 pages of technical analysis, or something as simple as it's Christmas time and people aren't worrying about their bitcoins at the moment.

That volume around the 4th is not really impressing as it only shows a quick jump. In the current volumes performed in the past weeks up to today, we will see the price takes some time to build its support before going just straight. Today's volume are just fine and you can see how closely the green and reds performed.

On 25th Dec 2015, 3 Month Futures Contracts on OKCoin expire (huge market btw).

Word has it, that 'they' have a vested interest in holding Bitcoin in and around this range until this date, at which point 'they' cash in, cash out, and then short Bitcoin. Until then, expect BTC to be full of nasty choppiness, with all manner of misleading signals and market structure to sucker punch n00b traders but ultimately the experienced and shrewd trader (and that certainly isn't me) is expecting a correction at least down to the 30 ema and/or the 38.2% retracement for the whole rally (so around $400). Whatever happens, bound to be a bounce around here, but if it doesn't hold, then it will be the $360 zone down at the 61.8% retracement, which just so happens to be what Smart Money would refer to has the 'wholesale' reload zone. Right now, we are in the 'retail' zone. This is where Smart Money sells 'overvalued' BTC to n00bs....and like I say, much shrewder punters than me reckon we will hang around here until the 3 Month Future contracts turnover (in 3 days time), and then after that.....DOWN!

I am long term bullish on Bitcoin, but Bitcoin has changed. We now have margin trading, ability to short, and a large and liquid BTC futures market on top of that, with yet more leveraged trading. Unlike in the days of Gox and Willy bot, when Bitcoin whales still largely consisted of 'dumb money' (i.e. tech nerds holding all the BTC as opposed to pro traders), I think in the next bull rise, we can expect to see a shit ton more up and down volatility as the pro trader whales take market down into their wholesale reload zones, before ramping it up into their retail cash out zones. This is how Smart Money takes money from the market. 'They' aint going to just let this rise and rise unabated (with the odd panic flash sell off) like in previous bull runs.

Go long now at your own peril. Even attempt to trade swings now at your own peril. Since I returned here, I have noticed that the one member of this site who seems to be well on the money (without ever providing any TA for his projections and forecasts) is Morecoin Freeman. He turned bear after $420 (yeah, BTC went up to $470, but so what). He said, 'see ya all in 2016'. Perhaps he is mindful of this pending 3 Months Future contract turnover and the overstretched nature of the market?

I see the low volume levels as traders waiting some signal on the charts to buy or sell. As other users said, could be a big movement growing or decreasing the price.

This is interesting moment now. If price will goes up to reach level of past days, about $460 or if it goes down, then some people will start selling to cover losses and we will see drop.

It depends on the market. Sometimes less traders active means less orders on orderbook.  This means price can be moved more easily with low volume.  In this case a big swing can happen even with low volume.

Othertimes a bigger volume is needed to move the price.

If a whale has alot of coins, they can manipulate the order book to create a light market then they can dump a small amount and make a huge move in the price.

Also volume is not alot of meaning these days because many dark pools (off exchange), futures and distributed exchanges. Low volume on okcoin for example could be hiding large volume in a dark pool or in futures.

Yes...... its compilcated 

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..

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.