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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21133. (Read 26711605 times)

legendary
Activity: 1680
Merit: 1045
hero member
Activity: 854
Merit: 503
Legendary trader
My team put some walls at $270 as well. Cool
legendary
Activity: 1442
Merit: 1188
We're gonna hit, or be very close to 255 during august.

Then 400 by the end of the year



Not going to happen! We aren't dropping below $270. $400 seems like a low target for the end of the year. I'm thinking closer to 600.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1320
Merit: 1007
We're gonna hit, or be very close to 255 during august.

Then 400 by the end of the year

sr. member
Activity: 420
Merit: 250
Potential bullish cypher pattern on the 1H:
Closed my long at breakeven just before it broke down a bit.

Quote
The similar behaviour is observed in other markets. Figure 2 presents the studyof S&P 500 index versus moon phases for the period since 1928 till 2010. Having invested £1,000 in S&P in 1928, by now would outcome in holding £63,864 worth portfolio, while by implementing the proposed moon trading strategy, the value of portfolio would have been £1,502,689.

Full study: http://www.scribd.com/doc/38095213/RBS-Equity-Special-2010-07-07

It seems to have an (pretty big) impact on BTC it seems, a new moon or a full moon seems to signal a (short-term) reversal, it's pretty accurate within 1-2 days for the last 6-7 months:


Yes I noticed that as well...

But it's not on the dot. It seems to me there are natural and unnatural forces. Moon waxing should be bullish, moon waning should be bearish. But they switch at times. Moon represents money, as the Moon is feminine and the feminine is the material world, which is exalted in wealth, and represented by money. So yea the moon is significant factor to take into account. Represents the unconscious forces and can impact people's buying or selling behavior.

Now is a waning moon so things should be going down. But there are reversals at times. And there are unnatural forces such as conspiracies and ponzi schemes to account for.

hero member
Activity: 910
Merit: 1003
Another "stress test" just started.  The backlog is already 60 MB of unconfirmed transactions, and the input traffic is ~ 3 MB every 10 minutes, or ~5 kB/s .  So far, the tester is paying 0.2 mBTC/kB, like the last one.  Will it keep at that, or increase the fees later?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 700
Merit: 500
Potential bullish cypher pattern on the 1H:
Closed my long at breakeven just before it broke down a bit.

Potential bullish cypher pattern on the 1H:


Also hidden bullish divergence forming, if the divergence gets bigger this also gives more strength to the pattern.

Entry 278.50, SL 275.50, target depends on how deep D goes, but my targets are 50%, 61.8% and 76.4% retracements from point C to D, D can't go below point X (~276.2).

1D with moon phases:
I also stumbled upon "moon phases" in trading, at first I thought it was a joke but it really seems to influence things in markets.

The Royal Bank of Schotland did a study with some impressive results, for example:

Quote
The similar behaviour is observed in other markets. Figure 2 presents the studyof S&P 500 index versus moon phases for the period since 1928 till 2010. Having invested £1,000 in S&P in 1928, by now would outcome in holding £63,864 worth portfolio, while by implementing the proposed moon trading strategy, the value of portfolio would have been £1,502,689.

Full study: http://www.scribd.com/doc/38095213/RBS-Equity-Special-2010-07-07

It seems to have an (pretty big) impact on BTC it seems, a new moon or a full moon seems to signal a (short-term) reversal, it's pretty accurate within 1-2 days for the last 6-7 months:

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1859
Merit: 1001
tell me a coin who has more smart community than monero??

zimbabwe dollar



you guys are pretty racist Undecided

you are a half-wit... at BEST! fuck you & monero


get well soon Jimbo!

legendary
Activity: 2338
Merit: 1035
I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.


Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

At worst, it'll be dumped by $5, no biggie.
legendary
Activity: 896
Merit: 1001
I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.


Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

A million dollars worth of coins is around 3600 bitcoins. That's 24 hours worth of mining, or the same number of coins introduced to the market on a daily basis. It's far smaller than the daily volume of any exchange, and even if you dumped them all on Bitfinex right now with total disregard, you might lower the price by $5 for an hour. So yeah, it's not a significant amount.
hero member
Activity: 798
Merit: 1000
I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.


Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

Because they say that they have confiscated approx $1million euros (whatever that is, pretty shitty journalism as per usual) still, a million $'s of btc is 3500~ coins. Hardly gonna tank the price.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht

How is that mand, this will dump the price if I'm not mistaken.


No law enforcement agency is remotely interested in dealing with a shonky exchange in a far off land and playing around building walls. They'll auction them or sell them directly if the coins are kept.

Auctions are attractive to buyers looking for large amounts bought from legit sources without fear of slippage or exchange failures. They'll go to serious players, not the types who dick around with the market.

That's exactly what happened with the Silk Road coins. No reason why this would be any different.
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.


Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.


Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.
legendary
Activity: 929
Merit: 1000
I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.

http://cointelegraph.com/news/115043/police-confiscate-11000-bitcoin-wallets-shut-down-dark-web-site

Quote
The website is said to have been masterminded by an Italian near Naples. Bitcoin use seems to have been prevalent, with over 11,000 digital wallets connected to the site seized, containing over US$1 million euros worth of the digital currency
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