Quote from: Wandererfromthenorth on March 07, 2015, 09:56:28 PM

Quote from: oda.krell on March 07, 2015, 09:47:43 PM

Quote from: gkv9 on March 07, 2015, 05:56:20 PM

Quote from: Ezmoneyezlife on March 07, 2015, 05:51:57 PM

Just wait until monday and you will see what is going to happen after this yet another wash volume chinese fake "pump".

Where do you actually see so-called "Volume" you are talking about?
Both the sides don't actually have any volume these days as compared to the previous ones whilst the auction was not even announced. The crash is actually "DONE" and I think it's time for the whales to wake up and pump, you know, "weak hands got out". And yes, I don't think there might come something major on Monday.

Not the volume you had in mind I guess, but this made go back to look at long term volume... Short version: doing pretty well currently, both in terms of BTC volume and USD volume, though the latter is still far behind the peak in late 2013/early 2014.

The following is Bitstamp + Bitfinex + BTC-E, BTC and USD. BTC volume is now the highest it has been in about a year (and even in USD terms beats the mid-2014 period). Compared to the late stages of the 2013 bubble however, it's still behind (and that's excluding mtgox volume that was a major factor in late 2013).

Mmh, in fiat terms the volume just seems still kinda low to me. On chinese exchanges (why didn't you put them in there? if there is fake volume in there or not we are talking about increases/decreases in volume, so we shouldn't care) there was a lot of interest in the $300-$400 area before the last crash (especially on OKCoin). Now there seems to be less interest to play the current price range.

Quote from: Wandererfromthenorth on February 14, 2015, 10:40:02 PM

^The bottom volume in USD is the same as the $475 megabulltrap.

Same for other exchanges.

>On chinese exchanges (why didn't you put them in there?

I'm skeptical about comparing zero fee volume to non-zero fee volume.

To be clear: for short to mid term trading purposes, I absolutely don't doubt the relevance of CNY volume.

But for the longer term view of market volume, in my opinion, the "costly" volume of the three big USD exchanges is a good measure of how much money is "flowing into the market". (Sidenote: I really need to include Coinbase from now on)

That said, I know just discarding CNY (or permanently zero-fee USD) volume is not ideal. I have been trying to come up with ways to 'discount' the Chinese volume by some factor to make it comparable, but nothing ever really came out of it that looked satisfying to me.

Anyway, I didn't put the monthly average in the above graph (which shows it more clearly), but the point I was getting at: in terms of both BTC and USD volume, we're doing better now than during the previous period that can be considered to be the closest attempt of the market to leave the bear market behind, the May/June breakout - the last time we closed above weekly SMA20, for example.

I take that as a cautiously bullish sign, as in: I don't take it for granted that we're leaving the bear market this time, but I do think chances are higher for it to succeed now than they were in June 2014.