Social Data Indicating price spike

[cryptocompare]

So quite a good buy signal taken from our social data yesterday - Lot of chatter on reddit indicated the price spike!

https://www.cryptocompare.com/media/350569/hour_cryptocompare_index_btc_usd_168_11450945193336.png

https://www.cryptocompare.com/coins/btc/charts/USD

[foxbitcoin]

So quite a good buy signal taken from our social data yesterday - Lot of chatter on reddit indicated the price spike!



https://www.cryptocompare.com/coins/btc/charts/USD

just wonder how you analyze the social data to get the conclusion! Just keep in mind that Bitcoin is so volatile! It might be the signal of selling off!

[btckold24]

wow dec 20th had a crap ton of volume. Thats a good chart I didnt realize the volume was that high.

Anytime you get a price spike on good volume thats always a good thing

[Amph]

what i know is that a rock solid price always end in a pump first, there were no case of the opposite, and no 1200 ath was not a stable price

for stable i mean it remain stuck there at the possible new bottom for a long time like many week months, this look to be the case

[gkv9]

Price spikes are not indicated via chats as mentioned in OP's post, but yes the Volume might be, because big dogs come and just spread the panic in between people like us when they want to manipulate the markets the way they wish to take it towards...

In fact, prices are actually lower in comparison to what is expected, the charts actually are showing much better (expected) results than what we are seeing in real values...

[maokoto]

I think it will go up from here. It gets a pump, goes down (to a stable price higher than before) then raises again. That seems to be the trend in the past months.

[talks_cheep]

I think it will go up from here. It gets a pump, goes down (to a stable price higher than before) then raises again. That seems to be the trend in the past months.

I agree that there seems to be a clear trend; however, we have hit a ceiling at 460 and the bottom falls LOWER each time it drops. There's gonna be a bloodbath in January 2016. Weak hands will lose all they got, whales and manipulators will make sure of it.