btc rally is in play, check out the volume Long

OKCOIN:BTCCNY1D

Description

⋅ Mar 23, 2016 8:26 PM

btc rally is in play, check out the volume

Trade active

⋅ Mar 27, 2016 4:05 PM

wish you went long with me at 2625, now I am waiting for 3800.

Comment

⋅ May 28, 2016 7:41 AM

3500 reached. close half of the position and move stop loss to 3000.
let's see where this rally will take us .

Comment

⋅ May 28, 2016 9:15 PM

3800 reached again. huge profit.
wait and see where will btc head to.

Comments

BernhardAnalytics

⋅ Mar 27, 2016 4:05 PM

rally just begin.

WeGotCactus

⋅ Mar 23, 2016 11:02 PM

You can't trust Chinese volume as an indicator.

olwe

⋅ Mar 24, 2016 11:57 AM

Why not ?

WeGotCactus

⋅ Mar 24, 2016 7:47 PM

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

BernhardAnalytics

⋅ Feb 1, 2017 1:30 AM

@WeGotCactus, time proved you were wrong.

WeGotCactus

⋅ Feb 1, 2017 6:04 PM

@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 :)

Fanatik_

⋅ Mar 23, 2016 8:27 PM

Looks like accumilation to me. Prepare for lift off :)

BernhardAnalytics

⋅ Mar 23, 2016 8:43 PM

I dont understand what you said, do you agree or not agree?

Fanatik_

⋅ Mar 23, 2016 8:46 PM

Agree XD