Quote from: RyanPumper on June 15, 2015, 11:21:04 PM

Quote from: Hobbastank on June 15, 2015, 07:58:35 AM

Quote from: Hobbastank on June 10, 2015, 09:36:07 PM

Quote from: Double Kills on June 10, 2015, 09:13:26 PM

YUPP!! If you have been absorbing ryans posts then im sure that by now you know what ACCUMULATION looks like

If you do, then go look at that bitcoinwisdom.com bitstamp chart and tell me what you see Wink

Yes even me I did some analyse to see this one

Quote from: Hobbastank on June 01, 2015, 09:44:00 PM

Quote from: QuantumLeap on June 01, 2015, 09:40:21 PM

Right now, the whole market is in consolidation, these little $10K, $5K profits are cool, but just wait a month or two. If you know a thing or two about volume, then you have already prepared your ship and set up some extra padding and support for this tidal wave that's about to come in

YESS i have said myself

I used you guys method to analyze chart and I have seen this volume patterns

i have marked on chart

to me it look like many people dump after all time high to take their profit, but still some people hold because think it will go higher. But these people that hold start dump and a little bit people continue hold

At this period today it look like everyone who buy before big all time high 2013 pump have sold, and now only remain new buyer

to me this is accumulation time

I marked that each dump has been smaller because less people remain to dump

The last dump was not so many people and that one was smallest, no i dont think price can fall any more so ii think accumulation has started now

please tell what your thoughts?

I have marked it all on this chart there

I have said that it looks like everyone that want to sell has already done this so now there is no longer so much people that want sell because all the recent people that invest into bitcoin has done this within this current price range that we have been since January

like you have say this to me looks like accumulation time for bitcoin

but I wanted to ask you people that are smart, how will this effect on altcoin market I think that it will be positive thing?

now price of bitcoin is growing

i know this is accumulation, so price will go sideway for now. but what do you think on this one?

You're right on the mark there, Bitcoin has been moving sideways since April.

I like the fact that you're now looking the chart for what it is, instead of using it as some sort of indication of future events.

Everything you mentioned is exactly what is on the chart: Each time the price has plunged the range of prices between pre-dump / post-dump has constricted, suggesting the amount of interest at lower price points is waning.

Just like with the alts, once there is no sellers interested in parting with their coins at lower price ranges, more and more people begin to hold. Which means the only way for traders to buy in is via the sell side orders, which sends the price upward if trading volume is sufficient enough.

So in answer to your question, if the volume picks up we could see some good movement in the BTC/FIAT side of things

Quote from: Hobbastank on June 15, 2015, 07:58:35 AM

I agree with you ryan that it is better to bet on whole market instead of coin, because coin can mislead, but market will always be market it will keep moving up and down since this is its nature

and we who want to win should be buying when market is down

this is where problem starts for me, so i am happy because you mentioned that there are only few coins that will move with market like this, and maybe this is what i struggle to find but i know i am getting close, so i will keep following your guide

This is something that sounds much more complicated than it actually is, but it's really simple once you boil down to the bare bones of the strategy.

Think of the market like a river and each coin like boats sailing through this river.

Then look at all the reasons why people consistently lose.

1. Chasing pumps, buying too late ("missing the boat")
Using our river/boat analogy, these traders who buy late are literally jumping off the deck and into the river... swimming 'against' the tide and natural flow of the river in attempt to catch this boat, and climb aboard - you don't have to be a genius to work out why such a strategy often leads to market fatalities.

2. Buying into the wrong coins, buying into hype etc
The problem that these traders have is that they buy into hysteria, false promises and marketing ploys. Using our river/boat analogy, these traders arrive early to board their boats, thinking that they are boarding the most prestige vessels that have the most experienced sailors as captains - when really, the boat is rickety... filled with holes... and has been made to appear "shiney" with cheap paint and other tacky materials... Even worse, the 'captain' (developers) of these boats have seized all the life boats and life jackets for themselves so that they can secretly abandon ship once it capsizes.. Leaving the passengers stranded at sea in a sinking ship.

So clearly, the issue here is in finding the true gems. The issue is in separating the battleships from the rickety boats. Not only this, but the issue is with timing (not missing the boat)

There are numerous coins that fall into 'battleship' category. These coins are air tight, and whilst the 'longevity' of each and every coin is always in question - you can always tell when a boat has one or two journeys left in it... and this is where skill comes into play.

Again, using our analogy, and as you mentioned - the one factor that will always remain is the river itself (the market.) The boats and battleships will come and go, but the river will always remain.

Therefore if one would wish to be successful, looking for the battleships that have yet to set sail and then boarding them before everyone else is the most logical bet. Because so long as the river remains, these battleships will set sail once again because that is their only function.

Traders have to educate themselves on what to look for before blindly rushing into buying any coin.

If more traders took the time out to do this, there would be fewer market fatalities

For all my brethren that bought some btc after ryans post

https://www.youtube.com/watch?v=avFq9errZCk

it looks like we goin' UP on a tuesday Grin

btc hit $268 today Wink

Just pulled $400 on a $6300 fund WHOOOP WHOOP

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