_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 1 down vote favorite 1 Suppose the following trades happen Trade 1: 100 BTC @ $75 Trade 2: 0.5 BTC @ $76 Trade 3: 100 BTC @ $77 Trade 4: 100 BTC @ $78 Trade 5: 100 BTC @ $78 Five individual trades occurred for a total of 400.5 BTC.There was a total of 200 BTC acting as a wall at $78., I'd like to determine if the "wall moved" or if the "wall was eaten"/traded.I'm trying to gather that information from the MtGox website and not sure if they display the count of individual trades, or the BTC sum.Here, in the top level drop down menu Volume:75584 BTC however in the drop down graph I see volumes that range in 1,000 to 3,000 total.In the most current example I see a volume 17,261 of something (either trades, or BTC, I'm not sure) It seems that volume is measured in two ways, but with the same word: The quantity of BTC shares (and fractional units) traded The quantity of trades taken (a whole number) Since MtGox seems to overload the meaning of "volume" in the two instances, where can I find a more accurate representation / graph of each interpretation of "volume"?

exchanges mtgox marketplace market-depth up vote 2 down vote They're both representing the same thing over different time periods.The values on the drop down are always for the past 24 hours, the values on the graph depend on what time range you're viewing.In your example 75584 is the number of bitcoins traded in the past 24 hours, and 17261 is the number traded between 19:00 and 20:00 up vote 1 down vote The volume at the top (the 60117 in your example) is total number of bitcoins traded in past 24hours.Not sure what you're talking about with the other stuff.Browse other questions tagged exchanges mtgox marketplace market-depth or ask your own question.Whether you already own bitcoin or plan to get some, sooner or later you’ll want to know how much the cryptocoins are worth when converted to your currency of choice.Later, you may want to know whether to hang onto your coins or to sell them – hopefully making a little profit in the process.However, analyzing price charts and understanding trading terms from the financial world can be rather daunting, especially for the beginner.

This guide serves as a useful primer of the basics.The best place to find out the latest price of bitcoin (currency symbol: BTC or XBT) is the exchange you bought them from (Bitstamp, Bitfinex and BTC-e being the most popular exchanges at the moment), or Coindesk’s own Bitcoin Price Index.Knowing bitcoin’s current price is one thing, but pretty soon you’ll want to know where prices will go in the future.Forecasting price movements of anything traded at an exchange is a risky probabilities game – nobody is right all the time.Many traders have lost lots of money, if not their life savings, into such attempts.The two main approaches to predicting price development are called fundamental analysis and technical analysis.While fundamental analysis examines the underlying forces of an economy, a company or a security, technical analysis attempts to forecast the direction of prices based on past market data, primarily historical prices and volumes found on price charts.To perform technical analysis on bitcoin price and volume history, you’ll need bitcoin price charts that display data in a more readable manner than just plain number tables.

Good places to start are the charts on Coindesk’s Bitcoin Price Index.The most basic type of price chart displays prices as a line: Closing prices of any given period of time (a month, a week, a day, one hour, etc) are used to draw the price line.bitcoin miner flagThis kind of chart can be used to get a quick overview of what prices have been doing lately, but traders need more data to draw their conclusions.bitcoin fiscal policyThe most widespread type of chart among traders is the candlestick price chart, as seen below: Candlestick charts display more data than just the closing price: each 'candle' shows the opening price, the lowest and highest price of the given time-period as well as the closing price.bitcoin kurs 2014

In addition, the color of the candle body indicates whether the closing price was higher than the opening price (usually a green bar, called an 'up-bar’) or lower than the opening price (usually with a red body, called a 'down-bar’).bitcoin faucet orgThe candlestick chart belongs to the family of OHLC (open high, low close) price charts, but there’s a multitude of other chart types/styles to suit any advanced trader’s preference.bitcoin worth in 2020Another type worth mentioning is the non-time based (NTB) range chart.uber accepts bitcoinBeginners may find them less intuitive and more difficult to grasp, however.bitcoin consultant londonCandlestick price charts contain a lot of useful information for the skilled trader’s eyes, such as whether a candle’s spread is wide or narrow (illustrates the difference between high and low prices), where the closing price is relative to the high and low etc. Together with the patterns that groups of candlesticks form, this is what traders base their trend biases on: either bullish (rising prices), bearish (falling prices) or ranging sideways.ethereum pc build