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Author Topic: Volumes really down, price really stable. What's happening Apr20,'13. PDT 3.x am  (Read 2977 times)
molecular
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April 20, 2013, 03:33:23 PM
 #21

Sideways is great. Less volatility = better confidence.

I agree, would much rather see it flat or moving up very slowly rather than huge swings up and down.

How can you expect that with all these newbs constantly crowding in. It's not going to happen without the user base stabilizing first.

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April 20, 2013, 03:54:01 PM
 #22



(http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-03-28zeg2013-04-03ztgSzm1g10zm2g25zv)

Another fine example of what we might be experiencing here Smiley

People waiting for the weekend dip = low volumes

No dip happening = shootup in prices in the end of the weekend

Cheesy

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April 20, 2013, 04:18:48 PM
 #23

Guess ppl got tired of waiting Smiley
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April 20, 2013, 04:27:42 PM
 #24

Hopefully I got some @ 121 just before it rose.
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April 20, 2013, 05:54:28 PM
 #25

* Volumes are really down

I don't know which charts you are looking at, but I must be reading them wrong. The volume has been insane ever since the peak.

I'm looking at something like the following

https://i.imgur.com/jGyKkpP.png
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April 21, 2013, 07:29:09 AM
 #26

Well, as a day trader, this is really boring and hard to make much money.  Volume equals profit in this and there is no volume.

I haven't even bothered trading much the last 2 days.  Bought a bit at 115, but not even much, then sold at the high 20s =/

Still worried a bit that this is all just a dead cat bounce and the volume is the data I should be looking at more closely.
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