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Author Topic: NEW upload! - posting of chart analysis for BTC, LTC  (Read 845 times)
dirkk
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June 09, 2014, 03:10:05 PM
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Latest Tech analysis for BTC and LTC. Because of their frequency they capture recent price action. You can view them at https://dirkk.imgur.com/

I am an occasional crypto trader so I have skin-in-the-game. I may favour one over the other in commentary but the bias is purely technical and not personal.
Enjoy and Happy Trading!

dirkk

https://dirkk.imgur.com/
"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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Acidyo
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June 09, 2014, 03:11:38 PM
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Thanks for the charts, really interesting to look at. Smiley

dirkk
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June 09, 2014, 03:16:44 PM
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Hi Acidyo, you're welcome. Thanks for the reply and the feedback. Enjoy!
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June 09, 2014, 05:37:24 PM
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Hey dirkk, thanks for the TA. Just out of curiosity, what do you make of that massive volume spike on Huboi that barely budged the price?

There appear to be some rather large players on BTC-e who are constraining the range of LTC price movements – there's that massive $100k floor that's been slowly eaten away at .0171 (LTC/BTC), and there's also been another whale holding a semi-permanent ceiling at 11.2 (LTC/USD). My initial impression is that price is being capped so some big players can accumulate without moving the price... What's your read on the situation?
dirkk
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June 09, 2014, 06:30:15 PM
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Hi harposox,
>thanks for the TA.
you're welcome, thanks for the feedback.

In relation to the massive spike there are various theories. Some include a clever bot script that takes advantage of other bots which respond to volume increase in an exchange, basically roping them in and making cents on a no-fee trade. Other theoies abound. My theory is that the exchange may want to increase their volume standing on LTC for perhaps an alliance deal or something of that nature. What is known is that the exchange let it happen. They have a plethora of data and the increase in volume early on would have sounded alarms. They didn't seem to react. I really just don't know. All conjecture.

In relation to BTC-e - well they are the biggest LTC exhange by volume. The BUY LIMIT order in my opinion is ligit. I would have staggered my orders but each to his own. Manipulation. Nuh. Besides holding up the price is a VERY dangerous game as one trader who exchanged 2000+ BTC for FTC would know.

cheers
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