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mr angry
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January 20, 2018, 10:31:18 PM |
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I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
What is your interpretation of this ? Less demand at higher prices. Yep, I edited my post above to include this little nugget :  The bear is back.... Those are general rules, and the honey badger doesn't care about them. |
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flynn
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January 20, 2018, 10:32:00 PM |
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I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
What is your interpretation of this ? Less demand at higher prices. Yep, I edited my post above to include this little nugget : The bear is back.... When the volume decrease, it means that the price movement is less significant So more than being bearish, it means that it's getting less bullish. just my 2¢ |
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Torque
Legendary
 Offline
Activity: 3738
Merit: 5336
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January 20, 2018, 10:32:23 PM |
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I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
What is your interpretation of this ? Less demand at higher prices. Yep, I edited my post above to include this little nugget : The bear is back.... If you are so convinced, let's see you short this market. Money meet mouth.  |
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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January 20, 2018, 10:38:18 PM |
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I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
What is your interpretation of this ? Less demand at higher prices. Yep, I edited my post above to include this little nugget : The bear is back.... If you are so convinced, let's see you short this market. Money meet mouth. I'll check the price again next week  |
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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January 20, 2018, 10:39:44 PM |
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Legit hoping for lower prices. In the long term the trend is up and I can sustain myself with side business, so low prices just means more coins.
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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January 20, 2018, 10:41:51 PM |
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...short this market.
The marriage between 'Bitcoin' and 'shorting' resulted in the word 'REKT'    |
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conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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January 20, 2018, 10:43:19 PM |
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I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
Volume is still quite the double of usual pre-ATH time:  https://data.bitcoinity.org/markets/price_volume/6m/USD?t=lb&vu=currSeems consistent with a consolidation phase. |
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Bloomie
Newbie
Offline
Activity: 84
Merit: 0
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January 20, 2018, 10:43:57 PM |
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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January 20, 2018, 10:48:28 PM |
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Could well be, just looks a little unusual as it's so pronounced over the last few days. Of course this is Bitcoin and the last few days are far from normal, even by Bitcoin standards... |
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xhomerx10
Legendary
Offline
Activity: 4018
Merit: 8852
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January 20, 2018, 11:08:29 PM |
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Is that a double morningstar on the daily chart? Uber-bullish sign. Hodl on!
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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January 20, 2018, 11:33:05 PM |
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Is that a double morningstar on the daily chart? Uber-bullish sign. Hodl on!
If nothing else, terms like that is why nobody takes chartstrology seriously. |
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J. Cooper
Full Member
Offline
Activity: 294
Merit: 125
Alea iacta est
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January 20, 2018, 11:48:10 PM |
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Legit hoping for lower prices. In the long term the trend is up and I can sustain myself with side business, so low prices just means more coins.
In a sense u would like to see sub-10k bitcoin as well (if I had the funds to buy up more, which I don't). But I'm afraid we won't see a sub-10k bitcoin again. I'm pretty bullish short term. However if we do go sub 10k again we might be in for a longer bearish maket. |
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xhomerx10
Legendary
Offline
Activity: 4018
Merit: 8852
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January 20, 2018, 11:57:28 PM |
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Is that a double morningstar on the daily chart? Uber-bullish sign. Hodl on!
If nothing else, terms like that is why nobody takes chartstrology seriously. I just made that up. I'm pretty sure there's no such thing... Yet. Maybe tomorrow though! |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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January 20, 2018, 11:58:02 PM |
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jojo69
Legendary
 Online
Activity: 3346
Merit: 4620
diamond-handed zealot
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January 21, 2018, 12:10:37 AM |
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daily close (UTC) above 12,500
this is very good news
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jojo69
Legendary
Online
Activity: 3346
Merit: 4620
diamond-handed zealot
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January 21, 2018, 12:20:29 AM |
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oh gods
teh crash
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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January 21, 2018, 12:28:16 AM |
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In a sense u would like to see sub-10k bitcoin as well (if I had the funds to buy up more, which I don't). But I'm afraid we won't see a sub-10k bitcoin again. I'm pretty bullish short term. However if we do go sub 10k again we might be in for a longer bearish maket.
I recall hearing that in December. We were done, never again they said. Perhaps in casting predictions we should find an iota of modesty... |
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jojo69
Legendary
Online
Activity: 3346
Merit: 4620
diamond-handed zealot
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January 21, 2018, 12:33:43 AM |
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In a sense u would like to see sub-10k bitcoin as well (if I had the funds to buy up more, which I don't). But I'm afraid we won't see a sub-10k bitcoin again. I'm pretty bullish short term. However if we do go sub 10k again we might be in for a longer bearish maket.
I recall hearing that in December. We were done, never again they said. Perhaps in casting predictions we should find an iota of modesty... IOTA it is ALL IN WEEEEEEEEE |
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Ludwig Von
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January 21, 2018, 12:36:07 AM |
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Forgot : Sex and drugs and Rock&Roll... . |
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