@Jesse Livermore:
Have just recently been introduced to your thread. Read through all your comments on this thread and through some of your previous posts in your history (sorry for being a stalker). You seem very professional and know what you're talking about. Definitely peaked my interest. Would like to hear what you think about Keycoin.
Topic: Jesse Liver-no-more - page 4. (Read 13946 times)
Do it Jesse.
JLT @ XCH. I'll buy some in a heartbeat.
JLT @ XCH. I'll buy some in a heartbeat.
"Jesse Livermore Trading Coin"
Do it!
Do it!
I would love to know your TA for via now. There's been a lot of trading activity today.
Hey there, VIA developer, it basically looks like VIA got pumped with volume when it broke and held 32k sats. It looks like many parties came in and tried to pump it and play it, and I was briefly watching the volume time-and-sales and was surprised to see many large sales meeting those large buys, hence VIA didn't pop up more and reach my 46k sat target. I will now remove 46k as an initial target because it looks like it might be targeting something higher.
As an aside, I'm kinda disappointed that once again my target was just slightly under-cutted. It is obviously possible some whales are slightly under-cutting me and jumping the gun on my targets.
The simple solution would be to stop giving out targets or move to Twitter with "I am selling now" posts....or stop posting trades and setup a Jesse Livermore Trading Coin on VIA.
We'll see.
Overall though the fact that VIA has not crashed/dumped with any kind of real volume behind it (yet) is a huge positive for bulls. On the other hand, this lack of conviction volume can push the price anywhere including down down down, however I think as long as 32k isn't pierced, this should see higher-highs above today's high.
JL
JLTCOIN on ClearingHouse would be awesome. I'd buy some just for fun. And if you deliver, I'd buy more not for fun.
JL Covered some basic TA for spotting volatile movements.
Volumes speak volumes about price
What I would like to add is whether JL can explain how to use the volume bars (Light blue and black) on bittrex to show trends.
Right now, I see TA serving some major use but you have to remember that market conditions are not really in equilibrium.
Therefore, TA to spot non free markets of coins is where its at.
Furthermore, reading charts means that some given amount of what is happening has already happened. Whales often get in and get out way before that. At points where dips seem like attractive buys, its learning back towards a perfect market where all alternative substitutes are considered. Clearly this isn't the case.
DRK had a major dip and continuing downtrend for sure, but that had hardly anything to do with market sentiment towards the coin.
A group takes it long and then leaves it. The lack of push upwards and outward flowing market cap means more and more coins dividing into smaller and smaller market cap value. A decrease in price per coin.
The clear winners for whales at this point are not coins that have been pumped before, because the % gains (yes people only care about profit and %'s) don't measure up to investing in new coins and taking their cap high then exiting.
I don't believe DRK will go up organically as a result of an RSI signal, I believe it'll go up because some larger whales feel like playing it again.
If you look at the front page of bittrex and look at what the highest volume coin is day to day, their daily highs, and lows, its almost a new coin every single day.
BTC and LTC are less receptive to these huge swings because it takes much larger whales to influence price, but they do still happen. However compared to the new coins coming in everyday, no comparison.
What are you thoughts JL?
Volumes speak volumes about price
What I would like to add is whether JL can explain how to use the volume bars (Light blue and black) on bittrex to show trends.
Right now, I see TA serving some major use but you have to remember that market conditions are not really in equilibrium.
Therefore, TA to spot non free markets of coins is where its at.
Furthermore, reading charts means that some given amount of what is happening has already happened. Whales often get in and get out way before that. At points where dips seem like attractive buys, its learning back towards a perfect market where all alternative substitutes are considered. Clearly this isn't the case.
DRK had a major dip and continuing downtrend for sure, but that had hardly anything to do with market sentiment towards the coin.
A group takes it long and then leaves it. The lack of push upwards and outward flowing market cap means more and more coins dividing into smaller and smaller market cap value. A decrease in price per coin.
The clear winners for whales at this point are not coins that have been pumped before, because the % gains (yes people only care about profit and %'s) don't measure up to investing in new coins and taking their cap high then exiting.
I don't believe DRK will go up organically as a result of an RSI signal, I believe it'll go up because some larger whales feel like playing it again.
If you look at the front page of bittrex and look at what the highest volume coin is day to day, their daily highs, and lows, its almost a new coin every single day.
BTC and LTC are less receptive to these huge swings because it takes much larger whales to influence price, but they do still happen. However compared to the new coins coming in everyday, no comparison.
What are you thoughts JL?
I would love to know your TA for via now. There's been a lot of trading activity today.
IOCoin is to appear on Mintpal V2 while lots of coins will be removed..thought JL?
http://blog.moolah.io/2014/09/01/mintpal-v2-tentative-market-listing/
http://blog.moolah.io/2014/09/01/mintpal-v2-tentative-market-listing/
IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.
Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.
What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).
Let me know what you all think.
JL
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.
Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.
What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).
Let me know what you all think.
JL
Sure.. use VIA and XCH .. this will be interesting
IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.
Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.
What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).
Let me know what you all think.
JL
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.
Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.
What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).
Let me know what you all think.
JL
I will support it. Just tell when do you start.
"Jesse Livermore Trading Coin"
I'd be quite tempted by this if I hadn't been burned by TradeFortress.
Suggestion: If you could figure out a way to do this with some kind of collateral held in escrow there'd probably be a lot more interest.
IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.
Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.
What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).
Let me know what you all think.
JL
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.
Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.
What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).
Let me know what you all think.
JL
How about I just give you 5 btc and if you double it, you take 10%?
Order books are useless for predicting future direction unless you are the big holder trying to get in or out.
Most traders want instant fills and don't even put their order on the order books and instead just jump on the best ask or bid. Darkcoin is an excellent example of this. For about the past 2 months the buy order book has been stacked most of the time and sell order book minimal and yet price went lower and lower. This was because other traders wanting out right away were consistently hitting the best bid with large sells and eating away at the buy book.
You've essentially contradicted yourself. In the scenario you just described, the price would have crashed much harder if the bids were extremely thin and much less hard if there were gigantic whale-sized bid walls. Order books are of limited predictive utility, but believing they have no effect at all on future price movement is spectacularly silly. Most traders want instant fills and don't even put their order on the order books and instead just jump on the best ask or bid. Darkcoin is an excellent example of this. For about the past 2 months the buy order book has been stacked most of the time and sell order book minimal and yet price went lower and lower. This was because other traders wanting out right away were consistently hitting the best bid with large sells and eating away at the buy book.
Looking at the order book IOC has double the sell volume. How did you come to justify this?
DARKCOIN!!!!!
Funny how this works out that I am now going long, yet again, on Darkcoin after having recent successful and unsuccessful trades back and forth in it.
This one, though, looks good. Real good.
First off, there is a rather ugly inverse head and shoulders pattern here and while it has technically been broken already to the upside on MintPal, I believe what is happening is a whale is trying his best to accumulate without getting an ugly 30%+ fill price. There are few coins available on the ask without popping price. This is my own speculation but I believe it's an insider, connected with Evan or Kristov how is doing this accumulating here.
Second, this is the most basic of basic of chart-reading, there is a double-bottom that happened yesterday across all three major exchanges (MP, Craptsy, Bitfinex) and now we have actual buying pressure which is also corresponding with what could be really favorable reviews by Kristov Atlas perhaps.
So as you can see, the initial target is .006 with a stop below a break of the double-bottom across all three exchanges.
Trust me, I would like nothing better than to stay away from any more Darkcoin trades, but my gut is telling me this is the final end of the Darkcoin downtrend from May.
Technically, I would need to see a break above the falling trendline at .008 for confirmation though.
JL
One of the best threads which worths visiting in BCT now. I still regret didn't buy GB at 800 sat according to your post. Thanks for the excellent posts.
Interesting thread. Let's hear your observations on a possible falling wedge pattern in XC. What do you think?
http://i1070.photobucket.com/albums/u492/JesseLivermore/BTC82714_zpsec339fa0.png
Let's look at the mother-of-all-whales, BTC.
Right now there is a short-term inverse head-and-shoulders about to complete above a breakout of 524 on BitStamp. From there the target (T1) is just over 560....well if it breaks above 545 it will also trigger a larger inverse head-and-shoulders pattern which targets about 610 (T2).
Something to keep an eye on.
JL
Let's look at the mother-of-all-whales, BTC.
Right now there is a short-term inverse head-and-shoulders about to complete above a breakout of 524 on BitStamp. From there the target (T1) is just over 560....well if it breaks above 545 it will also trigger a larger inverse head-and-shoulders pattern which targets about 610 (T2).
Something to keep an eye on.
JL
Something fishy these days...
Was looking at Bitfinex, big players forcing traders into positions where they will get burned.
Similar fatwallet games in LTC market.
GB - just bulltrap or bullish flag to new flag soon and break new high? 
Bullish cap and handle pattern?
Bullish cap and handle pattern?
Excellent job Jesse! +1
And speaking of MintPal I think the signs are definitely pointing to them using customers' DRK holdings to short-sell DRK. This is still a pretty preliminary theory of mine but I'm noticing things from MintPal that just don't make sense and circumstantially point to them going short DRK. I'll explain later and will come up with a way for the community to test this theory soon.
Crash Mintpal - Buy Darkcoin!
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