[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 33 KB, 775x585, volumé.png [View same] [iqdb] [saucenao] [google]
7303538 No.7303538 [Reply] [Original]

Was messing around with charts and noticed that despite the huge price drop, the selling volume on the monthly chart indicates that most people have not sold yet.

What can we make of this?

>> No.7303560

>>7303538
that the month just started retard

>> No.7303592
File: 37 KB, 251x251, 1515534400181.jpg [View same] [iqdb] [saucenao] [google]
7303592

>>7303560
savage

>> No.7303603

>>7303560
/thread

>> No.7303612
File: 24 KB, 369x387, 1512901707347.jpg [View same] [iqdb] [saucenao] [google]
7303612

>>7303560

>> No.7303624
File: 58 KB, 645x729, 80c.png [View same] [iqdb] [saucenao] [google]
7303624

>>7303538

>> No.7303622

>>7303560
holy shit

>> No.7303629

>>7303560
OOOHHH SHIT how will OP ever recover?

>> No.7303635
File: 1.98 MB, 381x434, 1494184235589.gif [View same] [iqdb] [saucenao] [google]
7303635

>>7303560

>> No.7303650

>>7303560
(you)

>> No.7303676

>>7303560
>1 post by OP's ID
OP LITERALLY HANGING BY A NOOSE

>> No.7303679

>>7303560
saved

>> No.7303701

OP here, sold everything at 17k and bought the dips and sold the tops... so yeah there's that.

The question still stands, does the volume justify the price drop?

>> No.7303710

OP here on my phone, I know that but January dropped too

>> No.7303727

OP here on my PS Vita, just went balls deep into confido, looking for that rebound

>> No.7303733

>>7303701

that's a shitload of volume for 4 days

>> No.7303773

op here on my wii, i decided ark was the best buy.
See ya sinners

>> No.7303777

Well at least you enjoy yourselves ITT.. it's not like any of you actually understand anything that's happening or want to try to guess the possible outcomes.

>> No.7303797

OP, look at the ETH/BTC monthly chart. BTC is about to do exactly the same

>> No.7303805

>>7303777
What exactly are you trying to say, unironically

>> No.7303881

>>7303805

I'm asking about how can we use volumes as a metric of what's happened since December 17th.

I'm trying to figure out if the price has been overly dumped.. I mean, if you add the green volume of the last 12 periods vs the red volume, my guess is that the hodl meme is stronger than believes and maybe it's only the December and January fags that are exiting and that seller might go exausted sooner than later.

Or am I simply in the weeds here?

>> No.7303926

>>7303881
you smokin some weeds here thats for sure

>> No.7303953

>>7303881
No. 'Smart Money' (go check twitter, plenty of OG bitcoiners, include blockstream devs) sold from 13-16k. If you notice, after 16 we had that drop...the buying from 16-19k was FOMO buying (the overbought RSI was dropping as the price was rising) ...this told us people who were HODLin from way back were unloading into new buyers. And after which we had the ATH and the spiral down.

Also Volume can be faked with wash trading, dont use it as the only indicator.

>> No.7303979

at moments like that i love biz so much

>> No.7304075
File: 1.74 MB, 360x359, 1514599984021.gif [View same] [iqdb] [saucenao] [google]
7304075

>>7303560