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minerpumpkin
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May 20, 2014, 03:15:09 PM |
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I wonder when TERA will acknowledge the fractal pattern has been broken. Maybe still too early, but this could go in the right direction (north)
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dannyspk
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May 20, 2014, 03:15:35 PM |
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So, panic buying once $475 is broken?
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Ultros
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May 20, 2014, 03:17:22 PM |
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So, panic buying once $475 is broken?
I have the finger pointed on the red button personally. Jumping in @ 480. |
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zimmah
Legendary
 Offline
Activity: 1106
Merit: 1005
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May 20, 2014, 03:17:32 PM
Last edit: May 20, 2014, 03:30:57 PM by zimmah |
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daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.
of course it is still low, the rally started about an hour ago and since a day has 24 hours the daily volume has barely moved. Are you going to wait a full day in a market this volatile? hourly volume, last hour 3190 and this hour 4200 (and climbing), we're still climbing. the last time we have seen 4200 upwards volume was April 14th, moving from the 397 bottom to a 548 top and we haven't seen both these numbers for a while. furthermore, we haven't seen two hours of this kind of volume in a row, and especially not a case where the second hour had even more volume. These are pretty strong signs, combined with multiple cases of broken resistance lines. CCMF  /edit the volume of this hour is now 4600 and climbing and last WEEK we had a total volume of ~44000, so we have ~17% of last weeks volume in the past two hours /edit2 as far back as the chart history goes we have not seen an hourly volume of 5000+ there probably never was this kind of volume before except during the november bull run! |
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Taxidermista
Legendary
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Activity: 1147
Merit: 1001
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May 20, 2014, 03:18:18 PM |
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daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.
More volume in a couple of hour than last week's combined. Everything is relative. |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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May 20, 2014, 03:18:57 PM |
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daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.
why would that indicate a panic buy? Maybe people feel safe to buy, because they think the bottom is in? I think there is enough genuine indicators that we are changing long term trend that large money has more confidence than it has since last year. As always, I think it heavily depends on your appetite for risk... Balls of steel, and there at the right time? buying at $340 Don't care about bear market, it feels cheap? $420 Waiting for some confirmation, like break of long term downtrend? $470 (now) Further confirmation by volume and price? Probably around $520. Kinda slow to get in, but at least you know we're done with the downtrend for good? Above SMA200, ~$620 My point is, I wouldn't count on "big money" getting in right now just because we broke a bit of resistance. But another group of people sitting on fiat saw a few more signs that we're (slowly, maybe) turning around, and got in. I'm one of them. |
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sonofliberty
Full Member
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Activity: 395
Merit: 100
Market Integration Platform
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May 20, 2014, 03:23:03 PM |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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May 20, 2014, 03:24:26 PM |
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So, panic buying once $475 is broken?
I have the finger pointed on the red button personally. Jumping in @ 480. Aaand... |
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studio1one
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May 20, 2014, 03:24:39 PM |
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daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.
why would that indicate a panic buy? Maybe people feel safe to buy, because they think the bottom is in? I think there is enough genuine indicators that we are changing long term trend that large money has more confidence than it has since last year. As always, I think it heavily depends on your appetite for risk... Balls of steel, and there at the right time? buying at $340 Don't care about bear market, it feels cheap? $420 Waiting for some confirmation, like break of long term downtrend? $470 (now) Further confirmation by volume and price? Probably around $520. Kinda slow to get in, but at least you know we're done with the downtrend for good? Above SMA200, ~$620 My point is, I wouldn't count on "big money" getting in right now just because we broke a bit of resistance. But another group of people sitting on fiat saw a few more signs that we're (slowly, maybe) turning around, and got in. I'm one of them. I think "big money" will buy in small today. Enough technical indicators have fired today to start bots making small buys, I think if you look back at today from the last few weeks volume will be considerably larger. Do I think they have all jumped on board Richard Bransons moon rocket v 1.2348 today? no. But I do think some buys have been made by some large players when we broke that 465 long term downtrend line. |
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dreamspark
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May 20, 2014, 03:25:46 PM |
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I love watching the demographic during rallies and crashes, its hilarious. There are certain people that you can guarantee will be offering all their knowledge of how they knew it was going up/down while it goes in the direction of their book but are nowhere to be seen when its going the other. Probably too busy trying to hit the close short button with their bear paws  |
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Mervyn_Pumpkinhead
Legendary
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Activity: 876
Merit: 1000
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May 20, 2014, 03:26:28 PM |
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some big seller probably triggered a panic buy, so he could dump with a better price
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tuneman1980
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May 20, 2014, 03:27:40 PM |
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Hang on boys!
It's accelerating! |
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dreamspark
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May 20, 2014, 03:27:40 PM |
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some big seller probably triggered a panic buy, so he could dump with a better price
quoted for the lulz. C'mon at least come up with something better than that. |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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May 20, 2014, 03:28:52 PM |
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Ultros
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May 20, 2014, 03:29:18 PM |
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So, panic buying once $475 is broken?
I have the finger pointed on the red button personally. Jumping in @ 480. Aaand...  |
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hd060053
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May 20, 2014, 03:29:27 PM |
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watch at huobi when it comes back online.
btcchina is 40 cny higher
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akujin
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May 20, 2014, 03:29:58 PM |
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Teppino
Full Member
Offline
Activity: 139
Merit: 100
bitcoin hates walls
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May 20, 2014, 03:30:03 PM |
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 wow i just can't stop looking at bitcoinwisdom
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ShroomsKit
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May 20, 2014, 03:31:34 PM |
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I wonder when TERA will acknowledge the fractal pattern has been broken. Maybe still too early, but this could go in the right direction (north)
She won't. She lives in some kind of fantasy world. Right now she's staring at the screen trying to figure out why her $320 buy order didn't fill. She'll be here soon enough crying about bull traps and how we will go down. |
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