Author

Topic: Parallel demand and supply buildup - explenation? (Read 1339 times)

legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
February 04, 2012, 11:12:07 PM
#8
Its the weekend!! Correct me if i'm wrong, but I believe trading volume goes up on the weekends

I will be looking at which day of the week and what time during the day that trading is the heaviest.  I will post once I am finished.

I think your findings will be inconclusive. Day of the week, beginning/end of the month, Holidays, Tax season (in USA), etc. There are too many variables to say "Wednesday is the day to sell, and Saturday is the day to buy".

Just my hypothesis.
hero member
Activity: 532
Merit: 500
Its the weekend!! Correct me if i'm wrong, but I believe trading volume goes up on the weekends

I will be looking at which day of the week and what time during the day that trading is the heaviest.  I will post once I am finished.
legendary
Activity: 1904
Merit: 1002
It might, i dont know. However, volumes is not going up nor, only the demand and supply around the current level.

Wait, watch, see, know.


I waited, i watched someone poke the demandwall seeing it stay there nevertheless.
What to learn from that?

Expand your timeframe... You'll go nuts watching bitcoin minute-to-minute.... trust me.

Buildup leads to a flurry of activity that brings the order book back to normal levels.  Rinse, repeat.
full member
Activity: 157
Merit: 101
It might, i dont know. However, volumes is not going up nor, only the demand and supply around the current level.

Wait, watch, see, know.


I waited, i watched someone poke the demandwall seeing it stay there nevertheless.
What to learn from that?
legendary
Activity: 1904
Merit: 1002
It might, i dont know. However, volumes is not going up nor, only the demand and supply around the current level.

Wait, watch, see, know.
full member
Activity: 157
Merit: 101
It might, i dont know. However, volumes is not going up nor, only the demand and supply around the current level.
donator
Activity: 848
Merit: 1078
Its the weekend!! Correct me if i'm wrong, but I believe trading volume goes up on the weekends
full member
Activity: 157
Merit: 101
Is there an obvious explenation for the continuous parallel buildup of both demand and supply over the last couple of days.

Bitcoinca hedging?
Simple demand/supply?
Leveraged position defences?
Preparation for a manipulation move?
Nothing, sooner or later they will agree on a price at the current level?

Other suggestions?

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