Aug 21, 2012 21:38:07 (UTC) Bearish Reversal(...) In this regard, the indicator is used to either reinforce the underlying trend or cast doubts on its sustainability. An uptrend in prices with a downtrend in the Accumulation Distribution Line suggests underlying selling pressure (distribution) that could foreshadow a bearish reversal on the price chart. (...)http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:accumulation_distribttp://bitcoincharts.com/charts/mtgoxUSD#rg2zig15-minzczsg2012-08-22zeg2012-08-22ztgCzm1g10zm2g25zi1gAccDistzi2gOBVzcv 1.  2.  Uploaded with ImageShack.us |
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Hm, I dont know. Nor the number of total bitcoins in existence nor the bitcoin being transferred on a daily basis really give a representative picture of supply and demand IMO. A better indicator may be the MtGox order book with all bitcoins currently for sale and also ASK orders. Derived from that the spread which can be live monitored at mtgoxlive.com or btccharts.com
But the Mt.Gox market does not represent the Bitcoin network. Like in any economic model, not all consumers and producers which utilize a given currency are necessarily relying on the exchange markets. However, the exchange markets react to events outside its influence. There is where the graph could show how the exchange markets would respond to changes in the supply and demand occurrences across the Bitcoin network. |
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Ok, so your graph just illustrates this relation, I see. Is it intended to provide any practical use?
If your strategy is based on the law of supply and demand, yes. |
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I still dont get your graph but if it is your desire...
content deleted
Sorry, Spekulatius, I thought you would understand after the update. Anyway, the graph represents the sum of the already produced Bitcoins and the Bitcoins sent in the last 24 hours. So the representation in % means the fraction of the sum. E.g.: 9745100.00 (50%) + 9684679.76 (50%) = 19429779.76 (100%) |
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Hmm, I have to admit that I dont understand your graph. Would you pls explain?
I updated the post to correct the underlying assumption. Could you remove the old content from your post, please? |
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Most of the bitcoins sent per day are the same coins just sent back and forth. Your assumption (if I understand correctly), that nearly half of all bitcoins in existence have been moved today is wrong. A good idea of of the actual unique coins that move around per given time frame gives this chart: http://ecdsa.org/stats.htmlThis could also be helpfull: https://blockchain.info/charts --> goto bitcoin days destroyed Not at all. I am just showing the number of Bitcoins sent in the last 24 hours as informed by the Bitcoin Charts internet page. Thank you, anyway. Now, could you edit and remove my content from your post? I will update that... Thank you, again. |
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 Aug 21, 2012 00:29:42 (UTC) Expected Bitcoins 21000000
Produced Bitcoins 9745100
Transactions last 24h 36916
Transactions avg. per hour 1538.17
Bitcoins sent last 24h 9684679.76
Bitcoins sent avg. per hour 403528.32
Bitcoin reserve 11254900
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 ReversalA reversal can be a positive or negative change against the prevailing trend. Technical analysts watch for these patterns because they can indicate the need for a different trading strategy on the same security.
For example, if a technical analyst holds stock ABC and notices a reversal pattern, he or she may want to consider closing his or her existing long position and assuming a short position to capitalize on the potential downward movement of the stock's price.Read more: http://www.investopedia.com/terms/r/reversal.asp#ixzz243LLvBf8Edit: see post #26
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 Understanding The Time Value Of MoneyCongratulations! You have won a cash prize! You have two payment options: A - Receive $10,000 now OR B - Receive $10,000 in three years. Which option would you choose?
But why is this? A $100 bill has the same value as a $100 bill one year from now, doesn't it? Actually, although the bill is the same, you can do much more with the money if you have it now because over time you can earn more interest on your money.
Back to our example: by receiving $10,000 today, you are poised to increase the future value of your money by investing and gaining interest over a period of time. For Option B, you don't have time on your side, and the payment received in three years would be your future value.Read more: http://www.investopedia.com/articles/03/082703.asp#ixzz2439XkzpNhttp://bitcoinstats.org/ Uploaded with ImageShack.us
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Law Of Supply And DemandThe law of supply and demand defines the effect that the availability of a particular product and the desire (or demand) for that product has on price. Generally, if there is a low supply and a high demand, the price will be high. (...)
At the same time you need to understand the interaction; even if you have a high supply, if the demand is also high, the price could also be high.Read more: http://www.investopedia.com/terms/l/law-of-supply-demand.asp#ixzz242ftKRJN[image removed]
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will bitcoin fall below $7 before 11:59:59pm PACIFIC STANDARD TIME today?
No, above US$9 before midnight.  Uploaded with ImageShack.us |
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?
Lower, typical price of US$ 8, Mt.Gox. |
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Right, must be a coincidence that the weekend he closes shop we see huge dumps after a large rally.
Not at all...  Uploaded with ImageShack.us |
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Here we are: 3 confirmations
Again, the receiver address was especially generated to receive the funds. If this huge quantity of money fall inside any market, crash will follow. |
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Hmm, interesting if that would be the case, 5k BTC is just the amount needed to blow this 5k BTC BID wall to peaces, making way to 11.20$ just nicely.
Interesting, 3 confirmations needed by MtGox before funds can be used.
0 confirms so far..
Look at the receiver address, it was generated exclusively to receive the funds. Let's wait, it can be another exchange market. |
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OK, 5000 BTC withdraw now Where does it go?? Anyone?? I speculate that is going to be dumped on the exchange market. |
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