btc rally is in play, check out the volume

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
309 9 8
btc             rally is in play, check out the volume
Trade active: wish you went long with me at 2625, now I am waiting for 3800.
Comment: 3500 reached. close half of the position and move stop loss to 3000.
let's see where this rally will take us .
Comment: 3800 reached again. huge profit.
wait and see where will btc head to.
rally just begin.
You can't trust Chinese volume as an indicator.
olwe WeGotCactus
Why not ?
1) Chinese exchanges are known for wash trading and faking volume
2) Many of them have low to no fees which distorts what volume means
@WeGotCactus, time proved you were wrong.
WeGotCactus BernhardAnalytics
@BernhardAnalytics, not really. Look how dramatically volume has changed in China just since the PBOC outlawed wash trading. You couldn't trust it before a couple of weeks ago. You're of course welcome to see patterns where there are none :)
Looks like accumilation to me. Prepare for lift off :)
I dont understand what you said, do you agree or not agree?
Fanatik_ BernhardAnalytics
Agree XD
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