Supply and demand curve analysis, why Bitcoin does or does not change price. - page 4.

Kakmakr

legendary

Activity: 3514

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

Your graph shows values derived from a specific market.. but you are not saying what market and where the data are sourced from. If this is information pulled from 1 or 2 specific exchanges from a specific region or country, then it is not applicable to a global market.

Bitcoin is bought and sold from exchanges the world over and also on OTC platforms, so to get a true reflection of the price and global supply and demand, you will have to source from a very wide variety of data sources. Wink

You willing to share your source data for these graphs? Huh

Onetogo

newbie

Activity: 27

Merit: 0

Sorry, I am not a native English speaker. Could you simplify your question, please?

JeffBrad12

hero member

Activity: 2898

Merit: 529

Leading Crypto Sports Betting & Casino Platform

Quote from: Onetogo on May 31, 2019, 05:15:38 AM

Yes, guys, you are all very correct. It all depends on the big gamers.

But we can predict several things within some probability area.

1. The volume
2. Log return

If we have demand and supply analysis, then we can as well predict how the market will react if big players jump into the market. Not always, big buying causes the price to go up, because it all depends on market demand and supply.

If you will follow my thread, you will be able to see that sometimes (despite) large volume, prices do not go up or down in a drastic way.

Here is new chart:

Quote

See, the supply curve is different than yesterday. The slope is different, the value of the slope is bigger. It means suppliers are optimistic about Bitcoin price to go up, so they have a lower interest to sell it at the price, which was yesterday at the same time. The question is how demand will react.

Note the balances can change anytime.

Will you consider about the halving of bitcoin next year will ont directly change the trader or seller and buyer's opnions about bitcoin? As far as i know the effect that caused by the halving must have happened before it was even done. Just called that as a long term fundamental impact to the bitcoin.
With that news and the market will able to press the holders to keep their all of their bitcoin for a while.

Onetogo

newbie

Activity: 27

Merit: 0

https://i.imgur.com/5knHDz9.png

Current mid-term mood is a fight for 10k USD. This is the psychological price. If demand increases at 10k and supply stays the same, we will have new high level prices. But I think this period won't last very long, because demand is very elastic bellow 10k.

Onetogo

newbie

Activity: 27

Merit: 0

Yes, guys, you are all very correct. It all depends on the big gamers.

But we can predict several things within some probability area.

1. The volume
2. Log return

If we have demand and supply analysis, then we can as well predict how the market will react if big players jump into the market. Not always, big buying causes the price to go up, because it all depends on market demand and supply.

If you will follow my thread, you will be able to see that sometimes (despite) large volume, prices do not go up or down in a drastic way.

Here is new chart:

Quote

https://i.imgur.com/gzk0bl6.png

See, the supply curve is different than yesterday. The slope is different, the value of the slope is bigger. It means suppliers are optimistic about Bitcoin price to go up, so they have a lower interest to sell it at the price, which was yesterday at the same time. The question is how demand will react.

Note the balances can change anytime.

Genemind

sr. member

Activity: 1596

Merit: 335

Basing things in charts couldn't predict the future of Bitcoin.
The market s unpredictable and sudden changes are occuring without our control.
There are whales who could manipulate the prices in one move and there will be dumpers who will do panic selling so no matter how we predict things, prices will still remain unpredictable.

cryptjh

full member

Activity: 532

Merit: 185

Quote from: Onetogo on May 30, 2019, 11:21:48 AM

My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.

I quote you so we can see the images, it seems like there has been a massive selloff in the last few hours, after hitting $9.100 bitcoins are now down on $8200

LUCKMCFLY

legendary

Activity: 2548

Merit: 1873

Leading Crypto Sports Betting & Casino Platform

The only thing is that it is very difficult to predict if a bullish movement will happen, because if suddenly a whale enters to buy Huh

you do not have that included in the prediction.

Onetogo

newbie

Activity: 27

Merit: 0

My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.

https://i.ibb.co/n0FYkCC/btc2-5k.png
https://i.ibb.co/Ks1JNHB/btc5k.png

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