Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Wow, we've seen this type of volume before
And we see what it is derived from.
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".
To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced".
Exhibit H:
There is something unnatural about this picture. Your guru ended up being correct, but they used a somewhat tainted indicator.
It can be derived from whatever it likes. 44% increase in price in just 1 month. I'll take it.
Someone is buying a 100 bitcoins here, 100 there and so on and so forth
