Post
Topic
Board Speculation
Re: Automated posting
by
Cconvert2G36
on 10/10/2015, 02:11:48 UTC
recent news from an experienced trader i follow

...."observing an increased volume activity among all the biggest bitcoin exchanges, this let me think that bitcoin is probably accumulating to later break the trading range and move above $250."....
https://btctrading.wordpress.com/2015/10/06/long-term-update-again-on-volatility/


hope it helps anyone

Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods.

To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced".