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ineededausername
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Re: :
December 30, 2011, 01:58:20 PM
#434
That's a pretty big cliff to climb, but let's do it anyways Grin

By the way, chodpaba, I know your charts don't rely on market depth, but I think they should take it into account. Bitcoin moves in spikes (usually).  If, for example, someone bought 20k BTC right now, it would push the price to 4.6, past your two huge walls. 
ineededausername
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Re: :
December 20, 2011, 10:32:13 AM
#433
Where we were just a day ago is now 1.7-1.8 on the support scale :O
notme
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Re: :
December 20, 2011, 03:37:33 AM
#432
Your "resistance" doesn't seem to be offering much resistance Wink.  But maybe that step at 4.6 is indicative, at least in the short term.
BTCurious
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^SEM img of Si wafer edge, scanned 2012-3-12.
Re: :
December 13, 2011, 02:45:45 PM
#431
Quote from: proudhon on December 13, 2011, 02:39:47 PM
Quote from: BTCurious on December 13, 2011, 02:37:49 PM
Walls are fake. Or they get eaten.

So, walls are fake or they're real.
Smiley sure. But if they're real, they don't survive very long when they're touched. I've never seen the price kicking a large wall like that for a long time.
proudhon
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Re: :
December 13, 2011, 02:39:47 PM
#430
Quote from: BTCurious on December 13, 2011, 02:37:49 PM
Walls are fake. Or they get eaten.

So, walls are fake or they're real.
BTCurious
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^SEM img of Si wafer edge, scanned 2012-3-12.
Re: :
December 13, 2011, 02:37:49 PM
#429
Walls are fake. Or they get eaten.
BadBear
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Re: :
December 13, 2011, 09:34:25 AM
#428
Quote from: ineededausername on December 10, 2011, 11:46:32 PM
Just a little nudge over 3.2, and I suspect we'll coast to 4.

Not anymore, pretty big ask wall went up at 3.50.

notme
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Re: :
December 11, 2011, 12:01:33 AM
#427
Quote from: ineededausername on December 10, 2011, 11:46:32 PM
Just a little nudge over 3.2, and I suspect we'll coast to 4.

Just a touch under 2.9 and I suspect we'll bounce off 2.4
ineededausername
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Re: :
December 10, 2011, 11:46:32 PM
#426
Just a little nudge over 3.2, and I suspect we'll coast to 4.
notme
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Re: :
December 01, 2011, 10:45:59 AM
#425
His latest chart didn't hold too well.  If there is a correlation, it might be negative.
ineededausername
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Re: :
December 01, 2011, 10:40:12 AM
#424
Hey, chodpaba, can you tell us how your experiment worked? Did you conclude that your daily charts were influencing the market?
cbeast
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Let's talk governance, lipstick, and pigs.
Re: :
November 29, 2011, 07:21:48 AM
#423
Quote from: ?? on ??
Quote from: ?? on ??


I reiterate.

I agree, Bitcoin is in the developer's court at the moment.
cbeast
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Let's talk governance, lipstick, and pigs.
Re: :
November 28, 2011, 11:51:51 PM
#422
Quote from: dree12 on November 28, 2011, 11:28:43 PM
Quote from: ineededausername on November 28, 2011, 11:26:16 PM
Quote from: cbeast on November 28, 2011, 11:05:42 PM
An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.

Sir, you have a sample size of exactly 1 (or 2 depending on how you look at it).  HUGE, eh?
Smiley

edit: I should note that pi is roughly the square root of 10.
Before anyone beats me to it:
[photo snipped]

Yes, PI is roughly the square root of ten. Interesting. Anyway, computing the predictability of a complex market adapting to bitcoin is hard to gauge. I suspect it will parallel the growth of internet bandwidth traffic.
dree12
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Re: :
November 28, 2011, 11:28:43 PM
#421
Quote from: ineededausername on November 28, 2011, 11:26:16 PM
Quote from: cbeast on November 28, 2011, 11:05:42 PM
An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.

Sir, you have a sample size of exactly 1 (or 2 depending on how you look at it).  HUGE, eh?
Smiley

edit: I should note that pi is roughly the square root of 10.
Before anyone beats me to it:
ineededausername
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Re: :
November 28, 2011, 11:26:16 PM
#420
Quote from: cbeast on November 28, 2011, 11:05:42 PM
An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.

Sir, you have a sample size of exactly 1 (or 2 depending on how you look at it).  HUGE, eh?
Smiley

edit: I should note that pi is roughly the square root of 10.
cbeast
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
Re: :
November 28, 2011, 11:05:42 PM
#419
An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.
BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: :
November 19, 2011, 06:45:27 PM
#418
As far as I understand it:

The prices being below 2 has been a long while ago. That makes the weight of those datapoints very small. But there are no new datapoints in that area yet, so there's nothing with larger weight to average with.

As such, the high resistance stands, but has very low total weight, which means it's rather uncertain. Perhaps it's possible to mark the graphlines in colors to indicate the certainty.
netrin
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Activity: 322
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FirstBits: 168Bc
Re: :
November 19, 2011, 12:56:51 PM
#417
From what I remember and understood from your explanations, the above chart displays actual traded prices, with diminishing weight based on duration since each particular price was traded. Since bitcoin prices have gone generally down since June, and there have not been any prices below $2 for six months, we would expect to see higher S/R on the chart above $2 than below. I have trouble understanding that $1.9 is equally 'likely' as $2.9.
tvbcof
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Re: :
November 14, 2011, 10:55:16 PM
#416
Quote from: BTCurious on November 14, 2011, 10:47:03 PM
And then a 50k bidwall was placed at 2.30

Bigger'n shit!

Anyone who thinks that the price is going down some more and wants to bail might be advised to hammer on it while it's there.

BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: :
November 14, 2011, 10:47:03 PM
#415
And then a 50k bidwall was placed at 2.30
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