Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 217. (Read 907212 times)

My trendline says 4900.

What would be the price of BTC if we are at +0.4 around mid July ?

Risto warned to sell when we were at 1200 USD.
It does not necessarily mean to sell everything, and only means to sell if you are inclined to trading (speculation).

I, for one, will make such a observation, it could be too low though, as was the case for the November 2013 peak. I will be combining a measure of super-exponential growth, namely days to double the price, plus a new measure of distance from the average trend line in a manner similar to rpietila.

I plan to sell via a spread of orders, about 30-40% of my stake, when and if the below graph indicates a value of +0.4, with buy-back orders placed 50% or so lower depending on the exchange's depth charts. If enough traders did this then the bubble would be lessened or have a stronger sawtooth pattern on the way up, as traders easily learn from patterns. With bitcoin, many new traders do not have the experience we do, and so the next bubble may be similar in shape to the preceding two . . .

yes please.

I still don't get the sell high part and end hodling all the time, so please use a megaphone here with 48pt red font when it's sell time.

Firstly,

Thank you, Risto, for deep insights and knowledge. Which I've been following since my first encounter and BTC purchase on 2013.10. I'm collecting and buying BTC since.

I do not have economical/trading education/experience, but have an opinion:

For me, It seems that China is hoarding BTC like they hoard physical Gold. And they are clearly manipulating the price since positive news from US in November. I think this speculation is part of political thing, to say one and do the opposite. Of course for a cause to establish strong national position in BTC as well as gold and get even more near on leading world economy and reserve currency (RMB) status.

On fiatleak.com trade in China is huge. It would be really interesting to see actual percentage of China BTC holders Vs. other countries. If this is be technically possible.

As these moves won't last so long, upcoming few weeks will be great time to buy more BTC for this year.


I feel that all BTC community should be thinking more about supporting self-made (pref. social) marketing efforts Like Bitcoinbigfoot. Every invested Satoshi in this kind of institution would bring even more significant value to BTC community. I believe that movie ,,the Rise and Rise of Bitcoin'' could spread the adoption further down the road for masses, but I'm seriously afraid that Hollywood hill families holding lots of wealth in their hands won't let it happen so soon.

We are still in innovator-early adopter stage with BTC. We firstly need to educate other people about and encourage to experience BTC transaction..





 

Here is the latest Huobi chart at 3-day resolution to show more clearly the short-term trend reversal at the long term resistance trend line. The trendline perhaps did not predict the reversal but perhaps was a landmark so to speak for traders who routinely draw such trends on the own charts.

Clearly Huobi is leading Bitstamp lower.

Exactly my thoughts, Rpietila 
It really felt like they were thinking: "Oh damn, this is getting out of hand, resistance will be easily overcome, we need to quickly come up with another FUD!"
I was lucky to buy in the high 300's during the last dip. I saw the chance, immediately transferred two salary months worth of euros to bitstamp, and was unfortunately
one day too late, but I still could buy in the high 300's/low 400's.

But of course I had to learn this lesson of buying the dips through numerous fails when I was a noob one year ago (and still am noobish on occasions).

I'm trying my best to reduce volatility, but I fear I'm too small a fish to make any difference, hehe  (This hopefully will gradually change in the coming years to some degree).

I intend to continue buying the dips in the coming years, every single time I can spare money

They would not do it if they did not believe that it will go vastly higher, so...  Just make sure you always buy low and sell high, we absolutely need more such people because the current volatility is so high (and buying low, selling high reduces it!)

And of course the chinese FUD was perfectly, absolutely perfectly time-matched to the spot where the resistance line would have been crossed.
Of course, just to be on the safe side that it will really bounce off the resistance.
Some people really know how to manipulate a market 

Here is the Huobi chart at 30-minute resolution. The resistance trend line is one I drew days ago - which extends back to the November 2013 peak. Note the trend reversal immediately after the Bitstamp-led rally of the preceding hours failed to punch through the trendline that any trader could draw. I suppose that technical traders, and perhaps algorithmic bots were triggered then to squeeze other traders who had long margin positions.

I will be visiting my local Robocoin ATM to get some more coin in the morning.

Oh, China...

Pretty decent sized sell off going on at all exchanges right now... especially OKcoin which has sold off almost 3,000,000 LTC in last 2 hours!

I read somewhere the plausible rumor that whale buyers, e.g. Second Market, solicit from BitPay and Coinbase, because many bitcoin accepting merchants trade bitcoin for fiat as they receive it.

I see no problem in inviting users to earn some free money and then spend it online with the card.

Sign up.  It only takes an e-mail address.

But what I am talking about is this:

http://imgur.com/DZFENAt

And actually, they give you money for signing up (about 2 cents or 5,000 SATOSHIS!).

Also, a couple pages (including the verification link) didn't work in Chrome at all.  I had to use IE.

Hm. I feel like we are looking a two totally different websites. I see no mention of "Get Free Satoshis" on any of their pages, a totally professional and minimalist site design, and no hijacking or popups of any kind. I also know these dudes are legit, so I'm worried that your PC might be compromised.

I don't see any free satoshis stuff but i don't have an account and pop-up blocker(no idea if that has to do with it). They got 20m$ funding though. It doesn't cost so much to try them, guess just 0.1 BTC will do the trick.

Yeah, but did you see that site (xapo.com)?  Looks really shady to me with all the "Get Free Satoshis" and constant attempts to hijack your social media.

I signed up for a free wallet account, but I don't think I'll use their card with the site looking like that.

Also, I had massive problems getting to certain portions of the site.

All in all, a no-go for me.