We need to pass $547 to see a REAL jump! - page 10.

ampere9765

sr. member

Activity: 252

Merit: 250

Quote from: RockHound on May 20, 2014, 09:18:51 PM

If you move to the 1day Bitstamp charts on Bitcoinwisdom. It records only ~30,000BTC trade vol. today

The last time we were @ $550 the rally took ~90,000BTC.

If an additional ~60,000BTC is traded over the next 2 days will surely bring us close to $550 again.

This logic maybe flawed Cheesy

Tradingview says 28k daily volume on Stamp (UTC). I'd actually look at this more like...... well, take a comparison between this daily volume, and volume on other major rallies over the past 5 months.....

jamesc760

sr. member

Activity: 448

Merit: 250

So, according to OP's logic, today's jump from 450 to 495 is a FAKE jump?

RockHound

full member

Activity: 224

Merit: 100

If you move to the 1day Bitstamp charts on Bitcoinwisdom. It records only ~30,000BTC trade vol. today

The last time we were @ $550 the rally took ~90,000BTC.

If an additional ~60,000BTC is traded over the next 2 days will surely bring us close to $550 again.

This logic maybe flawed Cheesy

DustyRah

sr. member

Activity: 533

Merit: 252

Quote from: RockHound on May 20, 2014, 09:02:00 PM

Quote from: sharkyshark on May 20, 2014, 08:55:37 PM

We got through the last treadline but the REAL issue will now be $547 USD on bitfinex.

If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards..

I have shorted at $500 even on bitfinex..

I think a 50% fib retracement to $472 ,,,

If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again.

LETS SEE what happens..

Sounds reasonable - best of luck with that!

I'm actually waiting to pick up south before that happens. Any estimates on BTC volume (48Hr) for it to break $547?

It's got a hardon like a baseball bat at this time looking at the chart. $547 is within reach.

DustyRah

sr. member

Activity: 533

Merit: 252

Quote from: sharkyshark on May 20, 2014, 08:55:37 PM

We got through the last treadline but the REAL issue will now be $547 USD on bitfinex.

If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards..

I have shorted at $500 even on bitfinex..

I think a 50% fib retracement to $472 ,,,

If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again.

LETS SEE what happens..

There are traders involved in this now. They are not buying to hold for years but in fact they will drop their load and re-buy and so on. Cutting through the sell orders is not going to be as easy as before. There will be whole bunch of dicks with sell orders at 500 if anything.

sharkyshark

jr. member

Activity: 84

Merit: 1

I forgot to mention..
HUOBI is going to 3145 -- 100% GUARANTEED..

LONG and STRONG..

Lets rocks and roll.

bitcoinsrus

hero member

Activity: 518

Merit: 500

This is what I noticed. It was sub 400 for a while (few days - few weeks) then it crept up to 420 ish and so on. Maybe it might be a slow upturn, a shot up, back down. My guess is a slow steady uptrend.

RockHound

full member

Activity: 224

Merit: 100

Quote from: sharkyshark on May 20, 2014, 08:55:37 PM

We got through the last treadline but the REAL issue will now be $547 USD on bitfinex.

If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards..

I have shorted at $500 even on bitfinex..

I think a 50% fib retracement to $472 ,,,

If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again.

LETS SEE what happens..

Sounds reasonable - best of luck with that!

I'm actually waiting to pick up south before that happens. Any estimates on BTC volume (48Hr) for it to break $547?

sharkyshark

jr. member

Activity: 84

Merit: 1

We got through the last treadline but the REAL issue will now be $547 USD on bitfinex.

If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards..

I have shorted at $500 even on bitfinex..

I think a 50% fib retracement to $472 ,,,

If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again.

LETS SEE what happens..

Topic: We need to pass $547 to see a REAL jump! - page 10. (Read 10642 times)