The Litepresence Report on Cryptocurrency
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bullhammer
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Yes I think LTC will catch up as we get to our next top, I'm guessing by the lack of comments in here the sentiment is still very low which is bullish! I'm still holding but getting a little trigger ready as the next
top gets closer by the day/ hour!
bullhammer
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Is everyone posting on a different thread or something? let us know eh!!
bitman
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bitman
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just watched most of the 9/11 documentary. its really sad, the twisted global society we live in.
btw, for sure the best documentary regarding 9/11.
dannno
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Which one?
Suzu
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What do you mean by "popped" in this context?
dannno
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Not sure, but looks like volume is dropping.
Suzu
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And what would the upshot of that be?
dannno
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I think pop may mean burst like balloon, price may go down a bit or stagnate, it's been going up for a while.
Suzu
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Gosh I wish you wouldn't write in code!
dannno
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Clearly you aren't the only one
A channel points toward certain prices, if it moves out of a channel in a positive direction that would be an indicator it might go higher, a new channel will be forming.
Suzu
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Thank you for explaining what the white lines mean. Now, how about doing the same for the red, green and brown ones?
presence
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well there is a squiggly white line and a squiggly orange/brown line
the squiggly white is the running simple moving average for the most recent 7 candles; so its value at any given point in time is the closing price, plus the previous 6 closing prices; divided by 7
the squiggly orange/brown is the thirty period simple moving average; same concept but the past 30 candles of closing price data for each calculation.
then there are the candles
the candles have an upper wick which extends to the highest price for that candle period; the lower wick to the lowest price for the candle period
then the candle has a main body; the top and bottom of which are the open and close price for that period; if the candle is red close is on bottom; if green close is on top
then there are the two squiggly lines to the right; green and red; they represent "depth of market"; which is a graphical representation of the bids and asks currently on the order book times their respective cumulative volumes; where bids and asks are y axis; cumulative volume is x axis
the bars at the bottom represent volume; and again they are color coded red if close is less than open; else green
the small yellow triangle is the last price paid
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