Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 232. (Read 907212 times)

It seems like that's more or less spot on.

Despite the status either way of "The Ban," it feels like the community is starting to finally and slowly become more immune to the word "China," just in the same way it started to become more immune to the word "Gox" before Gox was completely shut down.

Could be a psychological turning point, really. Not saying it definitely is such a turning point - but it could be.

Or it could be people buying back before April 15th knowing that the supposed "China ban" was nothing more than a bunch of FUD being spread?  

According to trendlines published here and elsewhere, the recent bitcoin price was so far beneath the trend that simply the absence of bad news was probably enough for a short-covering rally.

Re-charge code and an ATM, responsible for worldwide rally? Think thats possible?

Bitcoin Rallies Over 10 Percent, OKCoin to Launch ATM

Have not seen any major news to push last night/this morning surge in prices. Any ideas?

Yes, these updates are very good. To the point and free from emotional noise.

When are we reaching +8 USD per day climbing slope ?

Certainly entertaining.

I just want to say thank you for these updates - I find them insightful and entertaining.

Quick TA update:
- 6H candle color/volume: BREAKING - huge green candle beats the previous reds AND action afterwards is very promising, conclusion: probability of recent reversal further increased
- Bid/ask strengh at market (Bitstamp): slippage to sell 5k: $84, slippage to buy: $143, conclusion: potential for extreme volatility
- Trendline comparison: we are now at -0.341 log units. The trendline is at $1,015 and rising $7 per day, conclusion: rock bottom (note: it is not necessary that 'rock bottom' will change until the parabolic uptrend starts, because the trendline is itself rising)
- Sentiment: short covering/panic buys are starting
- Prognosis: getting better; probability for going <400 gets smaller by the day, long-term buy zone

How ugly does it get if it doesn't break today? Maybe we end up just going to flatline for a while until reversal is confirmed.



The Chinese are still pumping 'tho, so it might as well happen...

At least historically, Ukraine's farmland has also been an important resource. The west needs it more than Russia, which has plenty of her own (compared to population trends). It was not my intention to draw a historical comparison to the 1930s but since it came to my mind, it must have come to yours also..

Nobody cares what the ukrainians want, and the US/EU the last of them.
This world is a world of power wether we like it or not. It does not matter what you want but only how much power you have or others believe you have to make it happen. People in power don't care what people without power want. They see only their agenda. Some people in power in some parts of the world have to pretend and give the impression that people out of power have something to say, it is just more sneaky but only the same. The US had some plans for Iraq, Syria and so many other countries, and the people there could just shut up and eat depleted uranium while domestic opinions are fabricated. Ukraine is bankrupt, with few resources, the predominantly russian parts of the country are more dynamic economically and most importantly, it is the pipeline of energy to western Europe and it is surviving only on the fees it takes from this position. It has lost the power to maintain this position on its own and it is way too late for the country to join the EU.

Ukraine is the point where west and east meet each other, but the west tend to forget from which side the energy is flowing. I stand by my observation that yesterday's evolution is showing that there is no stopping of the escalation over Ukraine and it will have a key influence over financial markets in the next months and years.

There's nothing significant about 2800. Breaking 3200 would be significant.

Nobody asks what Ukraine wants, huh? Or, specifically, what does not want.

for the record: broken at around 10:00 UTC on 10k volume.

Wrong. Not a victim. Both parties point the finger to the other but neither are right, nor wrong. Truth is in the middle.
I meant war drums in relation to the situation with Ukraine and Russia - not that they are the big bad ones...
Between the USA/EU bad one and the Russia bad one, I clearly support the latter.
Eventually, Ukraine has to come under russian control if the EU wants to keep warm in winter, and it's industry running.
It is funny to see the USA/EU in the illusion that they are in a position to inflict the most bitting sanctions. Next Russia will triple the price of its gas and request payment in physical gold and we'll see who has the power over who.

@Hen0xyd and @dreamspark thank very much.

Those shorters may have a very hard time if Houbi breaks 2800CNY.

Some people bet on the fact bitcoin price will go down like you could do on classic markets (you sell something you don't have then have to buy them back, and hope to get the difference in your pocket as $ if the price collapse). Bitfinex allows to do that with bitcoins.

Edit : check http://www.investopedia.com/terms/s/shortselling.asp about what's Short selling, even if it's mainly (only?) on Bitfinex it's giving some insights about bull/bears with commited positions.

How much BTC has been borrowed to margin shorters on finex. This means at some point they have to buy the BTC they borrowed and sold back. If they are on margin this could happen without them wanting to due to being wiped out by margin.