rpietila Wall Observer - the Quality TA Thread ;) - page 162.

pftq

newbie

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Quote from: TERA on June 19, 2014, 05:25:07 AM

Quote from: pftq on June 19, 2014, 03:25:35 AM

Quote from: pftq on June 13, 2014, 07:50:11 PM

I set up a few automated charts here for anyone interested:
http://ripple.tech-trader.net/?pair=BTC-USD

Main value of the algos there are the trendlines and support/resistance drawing, which are strength-weighted based on how well the levels are tested. I'm also working on a few automated strategies for the trading itself if anyone's interested in collaborating.

I'm mainly watching to see if the support at $550 holds. If not, I'd expect a test of the next closest trendline below that.

The buy signal from Tech Trader a few days back ended up working quite well. Is anyone else taking an automated approach to this?

I think the divergence pattern was obvious and didn't need any tools. The eye looking at raw price and volume is the best tool.

The point of my post was that the automation is good enough to catch and trade these setups on its own. I didn't mean you needed it as a crutch to guide your trading. That's not what it's meant for. I was asking if anyone was doing anything like this as well (fully automated swing trading, not just using tools). My own trading is still often better than the automation, but it's nice to know I can walk away if I needed to or focus on other things with my time.

TERA

hero member

Activity: 728

Merit: 500

Quote from: pftq on June 19, 2014, 03:25:35 AM

Quote from: pftq on June 13, 2014, 07:50:11 PM

I set up a few automated charts here for anyone interested:
http://ripple.tech-trader.net/?pair=BTC-USD

Main value of the algos there are the trendlines and support/resistance drawing, which are strength-weighted based on how well the levels are tested. I'm also working on a few automated strategies for the trading itself if anyone's interested in collaborating.

I'm mainly watching to see if the support at $550 holds. If not, I'd expect a test of the next closest trendline below that.

The buy signal from Tech Trader a few days back ended up working quite well. Is anyone else taking an automated approach to this?

I think the divergence pattern was obvious and didn't need any tools. The eye looking at raw price and volume is the best tool.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: rpietila on June 18, 2014, 04:30:49 AM

Note to new entrants, concerned about the "first mover unfair advantage":

You cannot make me un-rich by refusing to buy bitcoins

but

You CAN make yourself remain un-rich by refusing to buy them

indeed, in fact whoever refuses to buy bitcoin will become more and more "un-rich" because of inflation, and bitcoin will not be affected by inflation (as much) and thus become more and more expensive until the point where fiat bagholders won't be able to buy them anymore. Or at least not any meaningful amount.

Most people think fiat is the least risky thing to hold, and they are not investing because they do not buy gold/stock/bitcoin etc. But the fact is NOT TAKING ACTION IS ACTION TOO. By consciously choosing NOT to buy bitcoin you are essentially choosing to invest 100% of your assets in fiat, which is the most risky 'investment' ever. And fiat has proven time and time again to ALWAYS go down to 0 at some point, and almost never deflate. In fact fiat is DESIGNED to inflate. So by choosing not to invest in bitcoin you are willingly accepting to lose purchasing power year by year.

pftq

newbie

Activity: 10

Merit: 0

Quote from: pftq on June 13, 2014, 07:50:11 PM

I set up a few automated charts here for anyone interested:
http://ripple.tech-trader.net/?pair=BTC-USD

Main value of the algos there are the trendlines and support/resistance drawing, which are strength-weighted based on how well the levels are tested. I'm also working on a few automated strategies for the trading itself if anyone's interested in collaborating.

I'm mainly watching to see if the support at $550 holds. If not, I'd expect a test of the next closest trendline below that.
http://ripple.tech-trader.net/2014-06-13_19-43,_60_Minute_BTC-USD_Chart.jpg

The buy signal from Tech Trader a few days back ended up working quite well. Is anyone else taking an automated approach to this?
http://ripple.tech-trader.net/rsi/2014-06-19_00-00,_Daily_BTC-USD_Chart.jpg

Erdogan

legendary

Activity: 1512

Merit: 1005

Let me rephrase that. Suppose you make something of value, or sell your time to someone who knows how. Then you can buy some bitcoins, and you have made someone else better off at the same time. Win - win.

Edit: In the current implementation phase, you also enrich rpietila and myself. That's a quadruple win. Do it before bitcoin is fully implemented! Now is when you have the opportunity of your lifetime.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: madmat on June 18, 2014, 04:37:57 AM

Quote from: rpietila on June 18, 2014, 04:30:49 AM

Note to new entrants, concerned about the "first mover unfair advantage":

You cannot make me un-rich by refusing to buy bitcoins

but

You CAN make yourself remain un-rich by refusing to buy them

Note to Risto

You can make me rich by giving me bitcoins

but

You CAN'T make yourself un-rich by refusing to give me some

People like you ... this is how we know that bitcoin has value.

madmat

legendary

Activity: 966

Merit: 1000

Quote from: rpietila on June 18, 2014, 04:30:49 AM

Note to new entrants, concerned about the "first mover unfair advantage":

You cannot make me un-rich by refusing to buy bitcoins

but

You CAN make yourself remain un-rich by refusing to buy them

Note to Risto

You can make me rich by giving me bitcoins

but

You CAN'T make yourself un-rich by refusing to give me some

rpietila

donator

Activity: 1722

Merit: 1036

Note to new entrants, concerned about the "first mover unfair advantage":

You cannot make me un-rich by refusing to buy bitcoins

but

You CAN make yourself remain un-rich by refusing to buy them

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: SlipperySlope on June 17, 2014, 11:42:47 PM

Here is the 3-day resolution Bitstamp chart, in which I have drawn the resistance line at $835. This would be a target for the current rally at which point it may hesitate before moving higher . . .

It will still take a while to reach that though.

But I still see some good news. A while ago I have drawn 2 fib fans (which makes 8 lines in total) and a few days ago we dropped all the way to the lowest line. Right now we are oscillating around the second-lowest. When we were around 680 we were at the highest lines. It will still take a while before we reach the higher lines again (if ever), but I would not be very surprised of we move up 2 or 3 lines from here.

BTCfan1

full member

Activity: 196

Merit: 100

if the sale of the SR coins doesn't affect the market, the news from the sale raising public awareness and legitimizing bitcoin would be enough to push the price over $1k/btc imo

we may move up to and hover around 800-850 but any dramatic rise will happen on the 6/27 or afterwards

SlipperySlope

hero member

Activity: 686

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Stephen Reed

Here is the 3-day resolution Bitstamp chart, in which I have drawn the resistance line at $835. This would be a target for the current rally at which point it may hesitate before moving higher . . .

ArticMine

legendary

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Monero Core Team

Quote from: rpietila on June 17, 2014, 06:06:05 AM

The going rate before the announcement was 650 so anything below is already a discount.

... and by the same token anything over 650 is a premium. My take is that anyone trading this auction as a bear is taking a major risk and could very likely end up at a loss. There is a large amount of emotion in the Bitcoin community regarding the state and in particular the US government. After all there are strong libertarian and crypto-anarchist roots here. This however is a time for rational thought. The reality is that this auction will be seen by many as a tacit endorsement of Bitcoin by the US Government, and that is very bullish. Furthermore there is a steady stream of good news that are for the most part being ignored by the market. The technical picture is indicative of a turn around and last but not least there are the long term exponential trend-lines which regardless of the data set used are very bullish.

By the way I got my last funds out of MT Gox by buying BTC at a big discount during the silk road seizure by the US Government crash last fall so I have direct experience with profiting from a panic resulting from the fear of the US government.

rpietila

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The going rate before the announcement was 650 so anything below is already a discount.

RAJSALLIN

hero member

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Quote from: Miz4r on June 17, 2014, 04:55:29 AM

I don't think the coins will sell for a big premium, I think they'll go for around $600 per coin. In the most optimistic case I could see someone bidding exactly $2M for each 3k batch, which would be $666.66 per coin. Tongue

You also have to consider that this is a chance for investors to acquire large amounts which usually will move the market upwards. In so a small premium isn't that hard to imagine.

Miz4r

legendary

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I don't think the coins will sell for a big premium, I think they'll go for around $600 per coin. In the most optimistic case I could see someone bidding exactly $2M for each 3k batch, which would be $666.66 per coin. Tongue

madmat

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Quote from: Parazyd on June 16, 2014, 10:33:37 PM

Quote from: aminorex on June 16, 2014, 10:02:37 PM

I personally would expect SR coins to sell for a premium since they are the only coins certified by the u.s. government as being legally unencumbered.

If that is what actually happens, I think it will shock the market, and may precipitate a summer moon-shot.

If it does not, I would not bet on another moon-shot until the next market-scale liquidity event: Adoption has been subpar (par being the exponential trend) for the past few months.

Slow and steady... The drop is due to the auction - a way to try to get them cheaper. Not sure if they'll actually go for cheaper though. After all, it is an auction.

An auction with only one bid per participant. And private auction, no way to know final price.

Parazyd

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Space Lord

Quote from: aminorex on June 16, 2014, 10:02:37 PM

I personally would expect SR coins to sell for a premium since they are the only coins certified by the u.s. government as being legally unencumbered.

If that is what actually happens, I think it will shock the market, and may precipitate a summer moon-shot.

If it does not, I would not bet on another moon-shot until the next market-scale liquidity event: Adoption has been subpar (par being the exponential trend) for the past few months.

Slow and steady... The drop is due to the auction - a way to try to get them cheaper. Not sure if they'll actually go for cheaper though. After all, it is an auction.

aminorex

legendary

Activity: 1596

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Sine secretum non libertas

I personally would expect SR coins to sell for a premium since they are the only coins certified by the u.s. government as being legally unencumbered.

If that is what actually happens, I think it will shock the market, and may precipitate a summer moon-shot.

If it does not, I would not bet on another moon-shot until the next market-scale liquidity event: Adoption has been subpar (par being the exponential trend) for the past few months.

wachtwoord

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Quote from: rpietila on June 15, 2014, 11:26:27 AM

I don't really understand why you are short-term worried of the share of one pool. I heard that in 24 hours, it had shrunk from 51% to 34%, which means that the community was able to redirect 1/3 of the hashing previously sent to Ghash to other pools. IN 24 HOURS! In decentralized way! Wow.

It remains somewhat of a concern that a malicious entity can own 76% of the hashing power, but a pool where people voluntarily send 51% is not a realistic threat to the Bitcoin ecosystem. Calm down. The problem was solved already, proving that it was not much of a problem.

People have panicked about this happening twice in the past already. You'd think they'd learn ....

Then again, every time the Chinese "ban" Bitcoin everyone cries likes it's the end. Never mind ...

Parazyd

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Space Lord

Quote from: rpietila on June 15, 2014, 11:26:27 AM

I don't really understand why you are short-term worried of the share of one pool. I heard that in 24 hours, it had shrunk from 51% to 34%, which means that the community was able to redirect 1/3 of the hashing previously sent to Ghash to other pools. IN 24 HOURS! In decentralized way! Wow.

It remains somewhat of a concern that a malicious entity can own 76% of the hashing power, but a pool where people voluntarily send 51% is not a realistic threat to the Bitcoin ecosystem. Calm down. The problem was solved already, proving that it was not much of a problem.

It's not like that... When certain people hear they can harm Bitcoin this way, then we have to start worrying. It's not that simple. CEX.IO, actually, BitFury moved their ASICs from GHash to Discus Fish for a temporary solution. But that doesn't resolve the double-spending vulnerability which IS a SERIOUS threat to the Bitcoin infrastructure and the general Bitcoin idea.

Mining pools were never intended to exist when Bitcoin was first introduced. I don't know if you know a lot about the tech side of Bitcoin so I don't want to bore you to death further. But decentralization is key and no pool should ever have more than 30% of the network hashing power to keep it decentralized.

Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 162. (Read 907212 times)