Where's the volume?
That's a good thing...
Any sellers...?
Yeah... I believe that the trade volume does not matter as long as the price continues to go up...
I also believe that at some point the trade volume is going to pick up, and that will be a sign that the real price battle has begun.... then we will see which way the price will go from that point... whenever that may be? Hopefully, such a volume ladened price battle does not begin until $3k or thereafter...but I could see such a volume ladened price battle beginning within the next $100 bucks..
I could not be bothered to even read through my numerous older posts regarding BTC trade volume, but I must say that in recent days, I have been kind of reassessing my considerations of BTC trade volume.
As many of you may realize, I tend to use Bitstamp as a kind of baseline reference point for attempting to understand BTC price movement, trade volume and attempting to approximate short term BTC price directions (or trends to the extent that we can attempt to predict such); however, I also understand that there are continuing needs to look at what is taking place on other BTC exchanges, as well.
When BTC prices were floating (bouncing around) between the mid $200s and $500 in late 2015, 100k coins traded per week on Bitstamp seemed to be a good threshold consideration for "high" trade volume.
Given the increases in BTC prices (between 2x to 4x higher than late 2015) and ongoing increasing number of exchanges (and ways to trade BTC) and the changing levels of influence of various exchanges on BTC prices and movement, I am starting to think that sustaining over 50k or 60k per week on Bitstamp may be a threshold volume level in defining that we are reaching "high" trade volumes.
Therefore, the last two weeks of trade on bitstamp are showing a kind of threshold level or "high." Furthermore, we are in the first couple of days of a new week (new weeks start at midnight monday/sunday UT), and the beginning of this week also seems to show some signs of trade volume picked uppedness...
In other words (TLDR), I am starting to think that as of two weeks ago, BTC trade volume has reached threshold "high" levels.
This BTC trade volume still seems to be at the low end of "high," but such increasing levels could be a sign of the beginning of a real meaningful price battle.. and let's see where it takes us?
If BTC prices continue to go up (which seems to be the most likely short term outcome), or if something else happens, such as downward or an ongoing battle that merely results in sideways... I am kind of inclined a little bit, at this time, that more upwards is likely and that the intensity of BTC trade volume increases could continue to go up in the $1,060 to $1,180 price range.
I am not inclined to think that a BTC price battle in the $1,060 to $1,180 range is necessarily predestined for a BTC price reversal within that range - because there also does seem to be decent chances that we could break to the upside, through the $1,060 to $1,180 price range.
At the moment, this lower $1k territory is kind of playing out in an interesting way, and I am inclined to believe that the bulls are going to win this one in the coming days, if not sooner.
tm 
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