HIVE Blockchain Technologies Ltd (HIVE)

[Imperial Whazoo]

Wait a minute there....

My questioning of whether the Oct 20th gap has to fill is what? Is it an assertion that gaps always fill or a question about whether they always fill?

Its the latter. I'm obviously raising the question of whether gaps always have to fill.

And as to whether algos rule the world, the reason I can discuss these things with a different conclusion that you is that I've coded autotrading algos... almost 5 years so far. I was a code jockey primarily doing high end multivalue databases for many years before, but coding for real time autotrading algo systems is where I've coded most of the time for for a while.

I write in a proprietary environment that uses a high speed cached big data back end that sucks the data out of a socket that is coming in from an aggregator in an encrypted, proprietary format. I parse it in next-to real time (our servers are not in New Jersey, so we acknowledge that we have latency issues).

And the reason I'm incensed about the idea that I'm not balancing the importance of volume vs other indicators and/or other technical analysis tools is that the chief component of my trading solutions is VOLUME.

And respectfully, you are incorrect in the idea that technical analysis is errant these days due to dominance by algos. Volume based technical analysis is the only worthwhile approach to comprehend the OTHER indicators, which are not to be jettisoned or ignored, but rather, they make sense.... they are understood ONLY in the context of volume behavior.

As I posted in one of the posts you apparently did not read, the thing that matters, in any chart that has sufficient volume to bother with, is where volume happens.

If you treat the charts as a waveform fractal, you can watch the volume at the peaks of the intraday wave forms and at the valleys. The short term swings line up exactly with volume behavior. Simple as that. The location of volume "inside" or "related to" other technical indicators, allows the technicals to explain themselves. Volume allows the technicals to explain their meaning.

When I was on the floor of the old board of trade, I could close my eyes and listen to the sound of the open outcry traders in the various pits and, in perceiving the outcry volume characteristics, it was clear, without having to verify against tickers, whether there was buying or selling dominating in that pit at that moment.

Volume isn't a histogram bar along the bottom of the chart. Volume in real time charts is open outcries manifesting in a data feed.

So, if you parse data coming into a socket and analyze it for "interesting" events, with volume being the most important of several other tools, you have a very high percentage chance of making a profitable short term trade.

Now, to the heart of the issue of whether algos direct trading in HIVE.V, thus negating the usability of technicals, I suggest you rethink and retool. There are surely traders who are pros trading HIVE.V, but its a tad new and a tad thin to use algos on yet.

HIVE.V is a bit thin for autotrading. If HIVE.V progresses to become a stock that is recognized as a key player in the crypto mining world, which I think will happen in the upcoming year, I expect volume to grow to where it can be a reliable timing tool for algo trading it.

Right now, a major fly in your ointment is that algos can't yet autotrade HIVE.V. Its too thin. Algos in MSFT are one thing. Algos in HIVE.V..... not so much.

I think pennants and Fib numbers and hammer candles and gaps and so forth.... all of these being technical analysis tools you lack faith in... I think they do not deserve to be repudiated. They need to be understood in the context of volume. And since algos are not relevant to HIVE.V yet, use volume together with certain indicators and you will be able to time your trade.

Imperial Whazoo