Quote from: mpradeep on May 31, 2014, 05:05:15 AM

Every since the price started to climb back from 440 i am seeing a trend

1) Huge market buys pour in across all the exchanges to raise the price by 40-50USD when the market volume dries up pretty much to base levels (5000BTC/day on stamp)
2) Buying stops and re-emerges in small bouts(upto price in step 1 ) as few others resort to profit booking.
3) Waits or continues with step 2 until volumes drop down to base levels

Start step 1

440----490
490----530
530----590
590----625

We have now just finished in step 1 yesterday and entered step 2.

For those who wish to move to next cycle hold and let volumes drop...

For those who wish to stay in this cycle sell and try to keep the volumes up and delay the next cycle

Remember, What ever you do BTC price will eventually finds it price based on demand/supply

Thanks
Pradeep

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Surely its price is constantly determined by this equilibrium...