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fotosonics
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January 11, 2014, 10:54:00 AM |
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It's a blog. An opinion. Means nothing. Meanwhile, ooh. Look at that. Choo choo  |
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T.Stuart
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January 11, 2014, 10:54:21 AM |
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a brief overview of your posts in the last three weeks shows that volume is one of your least-discussed data, actually.
--arepo
Do you remember when I PM'd you a couple of weeks back regarding the "green shoots" (please excuse my home-grown terminology)? That was a point about small changes in volume on the minute charts that I believed were signalling a break upwards, which happened. I have mentioned volume regularly but for the type of claims I am making in my posts it is not the most significant indicator. |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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January 11, 2014, 10:56:05 AM |
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Right. But Houbi did have higher volume on the breakout than on the consolidation. And its leading the markets. Stamp is literally following it lock, step and barrel - move for move. Gox not so much.
So if the leader confirms volume I wonder if that does not indicate a potential more significant bullish move?
ah yes, i see. that is bullish indeed. the decoupling of the markets is a strange and confounding thing, though. i'd say it's certainly less bullish than a proper breakout on gox and stamp, as well. and of course, this is only bullish micro-term, because the bearish wedge is still a possibility, depending on price action today. if we can't break above the resistance we're currently pushing, we could still retest Wednesday's low. decisive breakout on gox! 4-day highs just reached on both gox and stamp. just waiting for morning volume, i suppose... this is exciting |
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pietje
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January 11, 2014, 10:57:01 AM |
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Only 1500 coins left to break 1000 USD on MtGox again!
Awesome. Still little bit low on volume but alot of ppl sleeping too. I guess the weekend crases are so 2013, now we got weekend rally's. |
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granathus
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January 11, 2014, 11:02:18 AM |
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So weekend rally happening again... But who is willing to bet on a workweek dip again?
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ChartBuddy
Legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 11, 2014, 11:02:59 AM |
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molecular
Donator
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Activity: 2772
Merit: 1019
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January 11, 2014, 11:04:45 AM |
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i have a feeling this curious low-volume "breakout" has something to do with the fact that we have not broken out of the triangle consolidation pattern on gox yet.
gox got pushed out of the triangle, too now. Are we seeing volume pick up accordingly? regarding those fibonacci retractment levels I posted 2 or pages back...  (bitfinex in this case) next stop would be 905 (bfx/stamp), which would put gox around $1000. So I'm not sure we'd stop there. If volume confirms this move, we might just breeze through 1000 on gox. |
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granathus
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January 11, 2014, 11:04:54 AM |
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WOW.
CHOOO-CHOOOOOOO!!
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pietje
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January 11, 2014, 11:05:27 AM |
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1000 on gox for the 3th time!!
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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January 11, 2014, 11:05:36 AM |
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These weekend rallys....
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600watt
Legendary
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Activity: 2338
Merit: 2106
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January 11, 2014, 11:05:43 AM |
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As i said last weekend: gotta love those weekend dips...
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T.Stuart
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January 11, 2014, 11:05:52 AM |
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THAR SHE BLOWS!!!!   |
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Ivanhoe
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January 11, 2014, 11:06:03 AM |
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And immediately a big wall to back it up, nice.
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porcupine87
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January 11, 2014, 11:06:47 AM |
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1000 on gox for the 3th time!!
... and poeple will tell me, we see it the last time. And you know, in some time it will be really the last time with 3 digits and when this will come, people will say they are prophets |
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Davyd05
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January 11, 2014, 11:07:23 AM |
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uhh.. hmm let me just buy 918,000 or so worth of btc on a Saturday morning.. if I live east coast lol
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F-bernanke
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January 11, 2014, 11:08:11 AM |
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uhh.. hmm let me just buy 918,000 or so worth of btc on a Saturday morning.. if I live east coast lol
Yeah, goes well with the morning coffee  |
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porcupine87
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January 11, 2014, 11:08:58 AM |
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uhh.. hmm let me just buy 918,000 or so worth of btc on a Saturday morning.. if I live east coast lol
east cost of Japan? |
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kurious
Legendary
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Activity: 2590
Merit: 1643
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January 11, 2014, 11:09:59 AM |
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If it holds til Monday new ATH is looking like the next stop... Damn - I am in too much fiat  I think a lot of people will be jumping back in so as not to miss the train. Choo choo! |
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granathus
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January 11, 2014, 11:11:33 AM |
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If it holds til Monday new ATH is looking like the next stop... Damn - I am in too much fiat I think a lot of people will be jumping back in so as not to miss the train. Choo choo! Pretty sure we will see a downward correction on monday. If BTC-e is 900+ on sunday, I'm selling some coins. |
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kurious
Legendary
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Activity: 2590
Merit: 1643
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January 11, 2014, 11:15:02 AM |
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If it holds til Monday new ATH is looking like the next stop... Damn - I am in too much fiat I think a lot of people will be jumping back in so as not to miss the train. Choo choo! Pretty sure we will see a downward correction on monday. If BTC-e is 900+ on sunday, I'm selling some coins. I hate to say it, but I am still in a lot of fiat, so I hope so, I am still nervy too... We shall see, three days is a long time in Bitcoin. |
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