You have to understand that it is useless trying to track trading volume as it moves through a coin, but rather it pays off in magnitudes to track trading volume as it moves through the market.
Doing this will enable you to realise that there is a bigger picture at play, and each individual price move is merely one small piece of that picture.
In addition, this will put you in a position where you are no longer subject to the ill deeds of unscrupulous developers and shady altcoin promoters, but rather you will be betting on the altcoin market in its entirety rather than some single coin that could disappear tomorrow.
Coins come and go, but the market remains.
Therefore, the most rewarding bet or investment that you could ever make is to bet that when the overall volume of the altcoin market is low, it will rise once again as it has done countless times since its genesis.
... and as this volume rises again, the prices of a selection of coins in the market will follow suit.
I have mentioned before, that volume will only flow into coins that are in condition to allow volume to pass through, these are the coins that you must be focused on.
Through this method, you are no longer betting on the performance of a single coin, but rather betting that the market will do as it has done since it was created which is move money from one place, to another.
You will be betting that novice traders will respond to price action in much the same way that they have been responding since the birth of altcoins.
Simply put, by tweaking your strategy in this way, you are betting on facts remaining facts instead of hanging on to the opinions, fancy marketing speeches and empty promises from altcoin developers
Doing this will enable you to realise that there is a bigger picture at play, and each individual price move is merely one small piece of that picture.
In addition, this will put you in a position where you are no longer subject to the ill deeds of unscrupulous developers and shady altcoin promoters, but rather you will be betting on the altcoin market in its entirety rather than some single coin that could disappear tomorrow.
Coins come and go, but the market remains.
Therefore, the most rewarding bet or investment that you could ever make is to bet that when the overall volume of the altcoin market is low, it will rise once again as it has done countless times since its genesis.
... and as this volume rises again, the prices of a selection of coins in the market will follow suit.
I have mentioned before, that volume will only flow into coins that are in condition to allow volume to pass through, these are the coins that you must be focused on.
Through this method, you are no longer betting on the performance of a single coin, but rather betting that the market will do as it has done since it was created which is move money from one place, to another.
You will be betting that novice traders will respond to price action in much the same way that they have been responding since the birth of altcoins.
Simply put, by tweaking your strategy in this way, you are betting on facts remaining facts instead of hanging on to the opinions, fancy marketing speeches and empty promises from altcoin developers
Ryan this is a point that i have been contemplating myself, but i am aware there isnt a main vehicle for us to be able to bet on whole market like an index? Even then this for me is similar to the way i have been thinking all along, i have many research on this, 2 years of data that i can bring to you and entire team if you will like?
Even reading forum i have seen someone mention same thing
It seems since Jan 2015 there is an up trend and probably 1st wave has ended in April.
I agree with you ryan that it is better to bet on whole market instead of coin, because coin can mislead, but market will always be market it will keep moving up and down since this is its nature
and we who want to win should be buying when market is down
this is where problem starts for me, so i am happy because you mentioned that there are only few coins that will move with market like this, and maybe this is what i struggle to find but i know i am getting close, so i will keep following your guide
also ryan, i did post my own analysis using method of yours to observe price now into future. I used this method and did observation for bitcoin and what i have said is starting to happen
YUPP!! If you have been absorbing ryans posts then im sure that by now you know what ACCUMULATION looks like
If you do, then go look at that bitcoinwisdom.com bitstamp chart and tell me what you see
If you do, then go look at that bitcoinwisdom.com bitstamp chart and tell me what you see
Yes even me I did some analyse to see this one
Right now, the whole market is in consolidation, these little $10K, $5K profits are cool, but just wait a month or two. If you know a thing or two about volume, then you have already prepared your ship and set up some extra padding and support for this tidal wave that's about to come in
YESS i have said myself
I used you guys method to analyze chart and I have seen this volume patterns
i have marked on chart
to me it look like many people dump after all time high to take their profit, but still some people hold because think it will go higher. But these people that hold start dump and a little bit people continue hold
At this period today it look like everyone who buy before big all time high 2013 pump have sold, and now only remain new buyer
to me this is accumulation time
I marked that each dump has been smaller because less people remain to dump
The last dump was not so many people and that one was smallest, no i dont think price can fall any more so ii think accumulation has started now
please tell what your thoughts?
I have marked it all on this chart there
I have said that it looks like everyone that want to sell has already done this so now there is no longer so much people that want sell because all the recent people that invest into bitcoin has done this within this current price range that we have been since January
like you have say this to me looks like accumulation time for bitcoin
but I wanted to ask you people that are smart, how will this effect on altcoin market I think that it will be positive thing?
now price of bitcoin is growing
i know this is accumulation, so price will go sideway for now. but what do you think on this one?