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Author Topic: Ladies and Gentlemen: This is what a green candlestick looks like  (Read 1807 times)
ManBearPig
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April 18, 2013, 05:40:14 AM
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I've missed you old friend.

Just over half the volume traded of the previous day but a clear, massive bullish sign.

I expect a lot of to-ing and fro-ing before we jump $100 although looking back at what happened the first time we broke $100, trading was very steady for over a day before it happened.

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Dr3AM$cAp3
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April 18, 2013, 05:48:15 AM
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Sighs of relief is what the big candlestick fight was all about, eh?

Happy that you're happy.  Cool

New to the game, too much to learn.
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April 18, 2013, 06:11:12 PM
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Just over half the volume traded of the previous day but a clear, massive bullish sign.


low volume == bulltrap

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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April 18, 2013, 06:13:44 PM
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Just over half the volume traded of the previous day but a clear, massive bullish sign.


low volume == bulltrap

we have broken volume records 2 weeks in a row now....

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April 18, 2013, 06:19:00 PM
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Just over half the volume traded of the previous day but a clear, massive bullish sign.


low volume == bulltrap

we have broken volume records 2 weeks in a row now....

Yeah people have been saying all day that the volume is low, but yesterday was a very high volume day and large upward movement. Todays volume so far is low only compared to the massive, record setting volumes of the previous 6 days, but larger scale (last 4-6 months) is relatively high, especially since the day is not even close to being over.
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April 18, 2013, 07:18:24 PM
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But is the volume real or manufactured?  Huh

I keep reading about how someone can just push big trades back and forth to make the volume look high and the price look stable.

FAP Turbo 2.0, the FOREX trading robot which also trades bitcoin!

I had to link it because I love the name. Seriously, that is the real name.
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April 18, 2013, 07:36:33 PM
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But is the volume real or manufactured?  Huh

I keep reading about how someone can just push big trades back and forth to make the volume look high and the price look stable.

Sure you could do that, but it would get expensive rather quickly and I don't see anyone wanting to hand Gox free money, especially given their recent track record.
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April 18, 2013, 07:39:12 PM
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But is the volume real or manufactured?  Huh

I keep reading about how someone can just push big trades back and forth to make the volume look high and the price look stable.

Sure you could do that, but it would get expensive rather quickly and I don't see anyone wanting to hand Gox free money, especially given their recent track record.

And what would he benefit of it? I can understand people manipulating the market to lower the price so they can buy and pumping the price so they can sell. But this? Why?
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April 18, 2013, 07:52:17 PM
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What was the open price on 18th (today)?

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April 18, 2013, 08:41:02 PM
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Just over half the volume traded of the previous day but a clear, massive bullish sign.


low volume == bulltrap

we have broken volume records 2 weeks in a row now....

Facts haven't stopped him before!

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April 18, 2013, 08:44:11 PM
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Look at what we have today:


credit goes to humanitee for that one.  Cheesy
ManBearPig
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April 18, 2013, 10:41:50 PM
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Just over half the volume traded of the previous day but a clear, massive bullish sign.


low volume == bulltrap

The currency volume was low as the price is low. Coin volume however was massive.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
ManBearPig
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April 18, 2013, 10:43:29 PM
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What was the open price on 18th (today)?

Around $93 so barring an unlikely slip back below $100, 2nd green in a row today.

I was very impressed by this move over $100 and actually failed to make the most of it. Holding level overnight will again be a great sign.

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April 18, 2013, 10:53:37 PM
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I've missed you old friend.

Just over half the volume traded of the previous day but a clear, massive bullish sign.

I expect a lot of to-ing and fro-ing before we jump $100 although looking back at what happened the first time we broke $100, trading was very steady for over a day before it happened.



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April 18, 2013, 11:06:43 PM
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What was the open price on 18th (today)?

There's no such thing as an open price with bitcoin; it's traded 24/7.
ManBearPig
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April 19, 2013, 12:15:13 AM
 #16

What was the open price on 18th (today)?

There's no such thing as an open price with bitcoin; it's traded 24/7.

We count the close as 00:00 UTC and it's useful though arbitrary.

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April 19, 2013, 12:18:13 AM
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What was the open price on 18th (today)?

There's no such thing as an open price with bitcoin; it's traded 24/7.

We count the close as 00:00 UTC and it's useful though arbitrary.

Well, there is the incentive to manipulate prices to meet this target, so its not truly arbitrary.
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April 19, 2013, 12:48:46 AM
 #18

Well, there is the incentive to manipulate prices to meet this target, so its not truly arbitrary.

Very true. Candle battle yesterday was real.

Motives, I'm still leaning towards bulltrap / induced bull run, then who knows, it could continue like the last time we were at this price a week or so ago.

I'll be watching the charts keenly over the coming days that's for sure.
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April 19, 2013, 01:39:45 AM
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But is the volume real or manufactured?  Huh

I keep reading about how someone can just push big trades back and forth to make the volume look high and the price look stable.

Sure you could do that, but it would get expensive rather quickly and I don't see anyone wanting to hand Gox free money, especially given their recent track record.

UNLESS IT WAS GOX DOING IT?

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