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
...."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".
For the last two nights I watched about 6k coins quickly thrown into a 25 Bitcoin wall at the quietest time possible on Bitstamp. The price barely moved by a dollar. Apart from that the volume was almost none-existent. It's funny how it happened when most people were sleeping. Exchanges faking volume makes me so angry.
I posted and made threads about this activity occurring on bitstamp but my threads were quickly shutdown or moved to other parts of the forum where they will not be seen by most people.
Very sad that censorship is occurring in such cases. Will be interesting to see what happens if gemini takes a large market share from the scam exchanges that engage in fraudulent and suspicious behavior.