Post
Topic
Board Altcoin Discussion
Re: Ryan Pumper: Pumpers Picks (Updated Daily)
by
Double Kills
on 18/06/2015, 11:47:42 UTC
I have been watching for awhile. You guys have been on point quite consistently, especially Ryan
I'm enjoying the straight forward analysis using charts to describe price action instead of predicting, it seems to be the big secret?

Very interesting that I never looked at bitcoin like how we look at altcoins, but after seeing this movement it looks like it's pretty much the same script and a great way to top up altcoin profits using okcoin leverage. So fascinating how many different avenues there are to profit in this eco system

what are you guys thinking about the continuation of this move?


Just read what ryan says bro. Day traders are CONTRIBUTORS of volume, Long term traders are EXTRACTORS of trading volume

When you lose a trade, that money isn’t “lost.” It has simply moved from point A to point B, meaning your strategy is one of a ‘contributor’ of volume, rather than an ‘extractor’ of volume.

Just like the traffic that surges though motorways, trading volume will always filter off into exits. In this market, the exits on this highway of profit are altcoins.

Just like a motorway that is experiencing heavy traffic, some altcoins attract huge portions of volume and in order for more volume to pass through, the path has to be cleared – hence the natural phenomena referred to as ‘dumping.’

Therefore, it may be logical to look at a large scale dump as a buying signal rather than a sign of the apocalypse.

Once this dump has occurred, things slowly begin to revert back into its normal flow and the process repeats itself all over again: first small amounts of volume is deposited into the coin (accumulation) this then attracts even more volume, eventually the volume reaches a peak point then, finally, the candlesticks turn red as the coins price begins to ‘dump’.

Coins will come and go, so refrain from growing rooted to the marketing calls of developers.

Instead, just observe the market from a logical standpoint.

We all know that the one guarantee is that trading volume will surge through the market day in, and day out. However, volume will only flow where it is able to – this is where skill comes into play.

Probably the most clean cut and concise explanation on how the whole market works that you'll ever see anywhere