Quote from: WigitGetIt on April 14, 2015, 02:05:19 PM

Quote from: RenegadeMan on April 14, 2015, 01:50:24 PM

Quote from: WigitGetIt on April 14, 2015, 01:43:24 PM

So yesterday I posted the below pic to show how people should be looking at the bigger picture. Not too many believed me, and that is cool. But as you see today, it has changed for the worse and not the better.

http://i.imgur.com/5nt0LUp.png

Here is the chart I just looked at. Do you really think this coin can moon with the charts looking this way? If you ROI'd cool, maybe this chart doesn't bother you. But for people that are still holding waiting on some great pump, forget it. Yeah there we some hiccups with a fork and all that. But this chart doesn't show investors there is still BTC to be had.

http://i.imgur.com/8KFqs2i.png

There are many differing scenarios on when the profile of an order book determines a set and known outcome. The depth of buy and sell walls, the ascent and descent angles all mean differing things depending on where an asset is at in its development cycle. Rather than just posturing a view with statements such as

Quote

But this chart doesn't show investors there is still BTC to be had.

perhaps you could be more specific about what exactly leads you to this view (i.e. features and aspects of the order book profile) and what exactly you think is going to happen.

I can't really be more specific than what the charts show. As the Asks continue to grow and the Bids continue to fall. Maybe this is just the largest wallet trying to acquire more coins to control the coin, idk. I posted this so we could talk about it and see what might be going on. If I am wrong and there is still BTC left to be made, please make the case. I just don't see it currently. I barley hold any at all, maybe 300 TRON. Just want people to see a bigger picture. I am learning this trading game a little everyday.

Order depth is just a picture of what orders are currently in the books - its not really a representation of market sentiment
5 min from now there could be a huge green wall ready to catch at 35K - its all a trading game - all markets move in ebb and flow fashion - when momentum is lost there is a selloff and retracement - a transfer of perception - some take profits and walk away others enter at an opportunity to gain - this is any market its all the same - TRON is currently at the usual 76% fib retracement area http://prntscr.com/6tmmqd
to some its cheap entry to others it is too cheap to keep holding - i see the top wallet getting bigger so while others sell - they buy
dev here has been solid - and Im expecting some good updates today

Ninja Trader

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