Trend From 440$ to 625$

[mpradeep]

Every since the price started to climb back from 440 i am seeing a trend

1) Huge market buys pour in across all the exchanges to raise the price by 40-50USD when the market volume dries up pretty much to base levels (5000BTC/day on stamp)
2) Buying stops and re-emerges in small bouts(upto price in step 1 ) as few others resort to profit booking.
3) Waits or continues with step 2 until volumes drop down to base levels


Start step 1

440----490
490----530
530----590
590----625

We have now just finished in step 1 yesterday and entered step 2.

For those who wish to move to next cycle hold and let volumes drop...

For those who wish to stay in this cycle sell and try to keep the volumes up and delay the next cycle

Remember, What ever you do BTC price will eventually finds it price based on demand/supply

Thanks
Pradeep

Please Donate BTC @ 1LSEn7qNMyRrd5Eee28Y8geiBuPV9nt3NE

 

[scarsbergholden]

I think we just get in a tight range -- what some call a BB squeeze (bollinger band). This will keep happening until it.....doesn't. The trend is your friend and all that, but it was a lot safer buying under $500 than over $600. IMO.

[bryant.coleman]

I have studied the charts for hours, and this is what I have found out.

1. Most of the times when Bitcoin rises, it rises around 5% to 10% in a matter of 30-40 minutes, and then it stays flat for a few hours.

2. Almost all of these rises are accounted for by bulk purchases of 1,000 or more coins.

[segeln]

I have studied the charts for hours, and this is what I have found out.

1. Most of the times when Bitcoin rises, it rises around 5% to 10% in a matter of 30-40 minutes, and then it stays flat for a few hours.

2. Almost all of these rises are accounted for by bulk purchases of 1,000 or more coins.

interesting finding

[rudius]

I have studied the charts for hours, and this is what I have found out.

1. Most of the times when Bitcoin rises, it rises around 5% to 10% in a matter of 30-40 minutes, and then it stays flat for a few hours.

2. Almost all of these rises are accounted for by bulk purchases of 1,000 or more coins.

For hours to find that it evolves by burst?

Please have a better look and come up with target/entry/timing.

[MatTheCat]

I have studied the charts for hours, and this is what I have found out.

1. Most of the times when Bitcoin rises, it rises around 5% to 10% in a matter of 30-40 minutes, and then it stays flat for a few hours.

2. Almost all of these rises are accounted for by bulk purchases of 1,000 or more coins.

Yes. It stinks of utter fucking bullshit to me. Bitcoin rises like an inverted crashing market and crashes like an inverted rising market. Thus it is safe to assume that Bitcoin isn't essentially rising due to the effects of an optimistic or exuberant mass market psychology. Most market participants seem to be behaving very cautiously, only finding their courage to buy coin when some big fucking 1000 BTC buy in has ate away at a significant resistance point. This and the fact that China with their high frequency trading exchanges is leading on any significant move 9/10 times.

It is clearly a game of puppets on strings. The consolidation periods also seem to consist of some whale swishing around coins within a narrow price range in order to buff up the volume (good for the most popular indicators). Then he may attempt to tease or gauge the market with some 1500BTC ASK wall, which he will leave for a few hours or so, and then magically vanish it looking for a response from all the little fishies and all this kind of crap. Although we must surely to fuck be due for a correction very soon (but then again, I have been saying that since $500 range), this could go up a whole lot further yet. Perhaps even with the relatively very low volume, the whales who are driving this engineered bull run can keep stringing things along up until over new ATHs? Perhaps they are trying to create another mania where clueless fucks like I was circa Nov 2013 come panic charging into Bitcoin with big lumps of capital?

I am (still) anticipating a strong correction, but feel that Bitcoin price will go up a whole lot further yet. However, this just isn't an organic market. Yet another engineered pump. How high will the whale(s) need to pump it, possibly at a net loss for them, before the next tranche of Joe Public comes running into Bitcoin and buying up whale BTC with 'genuine' trade volume right at the top of the market?

[LiteCoinUser84]

Every since the price started to climb back from 440 i am seeing a trend

1) Huge market buys pour in across all the exchanges to raise the price by 40-50USD when the market volume dries up pretty much to base levels (5000BTC/day on stamp)
2) Buying stops and re-emerges in small bouts(upto price in step 1 ) as few others resort to profit booking.
3) Waits or continues with step 2 until volumes drop down to base levels


Start step 1

440----490
490----530
530----590
590----625

We have now just finished in step 1 yesterday and entered step 2.

For those who wish to move to next cycle hold and let volumes drop...

For those who wish to stay in this cycle sell and try to keep the volumes up and delay the next cycle

Remember, What ever you do BTC price will eventually finds it price based on demand/supply

Thanks
Pradeep

Please Donate BTC @ 1LSEn7qNMyRrd5Eee28Y8geiBuPV9nt3NE

 

Surely its price is constantly determined by this equilibrium...