Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22335.

tarmi

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Activity: 1232

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Quote from: L0uis on March 23, 2015, 05:59:21 AM

Quote from: tarmi on March 23, 2015, 05:55:58 AM

hi guys, still struggling to stay above 270? Undecided

24 mil of longs are opened as expected, rising wedge forming.

good.

There goes your profits Roll Eyes

I closed some position just to lock profit and reload and open new shorts. Cool

and I will continue to do so till we hit the bottom.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: Fatman3001 on March 23, 2015, 05:50:28 AM

Quote from: macsga on March 23, 2015, 05:27:05 AM

Quote from: Fatman3001 on March 23, 2015, 05:11:52 AM

Out of curiosity, and somewhat out of interest, I have been watching some TA. Especially on whaleclub.co. And all I see are some fools running amok with confirmation bias and constantly adjusting accordingly no matter what happens. Is there a useful aspect to TA that isn't so vulnerable to confirmation bias?

Personally, I don't think there is. But then again, I don't believe there's a legitimate TA either. It's like a self-fulfilling prophecy that (if you get it right) you simply say "I told you so". In Physics, it's a low entropy, chaotic model. Practically no chance to get a 100% CERTAIN result. All these is mumbo-jumbo stuff, but frankly I like to stare... Tongue

Edit:
Just in case you want to dive into, I indulge you to read this paper:
http://www.asa.cs.uni-frankfurt.de/software/MI2/papers/Grassberger83.pdf

But wouldn't the immaturity of the bitcoin market, which leads it to be forcefully led by whales in different directions, also regularly lead the price outside the model in the paper, or are such variances possible to calculate as well to give an accurate scope?

IMHO it's not about the immaturity. It also applies to other markets such as stocks, oil, silver etc. Since there's always the chance somebody who owns a significant part of the market (or an enormous amount of cash) to just make a ripple big enough to vanish every TA out there, there's not a definitive accurate prediction possible. Not now, nor ever. Same rules apply for other assets as well.

L0uis

full member

Activity: 141

Merit: 100

Quote from: tarmi on March 23, 2015, 05:55:58 AM

hi guys, still struggling to stay above 270? Undecided

24 mil of longs are opened as expected, rising wedge forming.

good.

There goes your profits Roll Eyes

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

tarmi

legendary

Activity: 1232

Merit: 1011

hi guys, still struggling to stay above 270? Undecided

24 mil of longs are opened as expected, rising wedge forming.

good.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: macsga on March 23, 2015, 05:27:05 AM

Quote from: Fatman3001 on March 23, 2015, 05:11:52 AM

Out of curiosity, and somewhat out of interest, I have been watching some TA. Especially on whaleclub.co. And all I see are some fools running amok with confirmation bias and constantly adjusting accordingly no matter what happens. Is there a useful aspect to TA that isn't so vulnerable to confirmation bias?

Personally, I don't think there is. But then again, I don't believe there's a legitimate TA either. It's like a self-fulfilling prophecy that (if you get it right) you simply say "I told you so". In Physics, it's a low entropy, chaotic model. Practically no chance to get a 100% CERTAIN result. All these is mumbo-jumbo stuff, but frankly I like to stare... Tongue

Edit:
Just in case you want to dive into, I indulge you to read this paper:
http://www.asa.cs.uni-frankfurt.de/software/MI2/papers/Grassberger83.pdf

But wouldn't the immaturity of the bitcoin market, which leads it to be forcefully led by whales in different directions, also regularly lead the price outside the model in the paper, or are such variances possible to calculate as well to give an accurate scope?

hdbuck

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Activity: 1260

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Fatman3001

legendary

Activity: 1554

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Make Bitcoin glow with ENIAC

Quote from: Andre# on March 23, 2015, 05:33:38 AM

Quote from: Fatman3001 on March 23, 2015, 04:42:43 AM

Quote from: Andre# on March 23, 2015, 04:35:54 AM

Quote from: Fatman3001 on March 23, 2015, 04:03:20 AM

Quote from: sAt0sHiFanClub on March 23, 2015, 03:49:53 AM

Looks like the majority have it regarding the poll.

Well below 270, and its 9am here in London.

[a]lol

The high so far today on finex was 270.8

"Monday the 23rd price" is a bit ambiguous. I would interpret it as the average price of coins traded for USD during 23 March GMT.

"Well below 270" is less ambiguous. One could just check what coindesk puts as average price when the day is over.

But the price isn't well below 270 (currently 270.40 on Finex), and the day is over at a different time in each timezone.

... I know. Hence the "lol" at [a]

Andre#

hero member

Activity: 737

Merit: 500

Quote from: Fatman3001 on March 23, 2015, 04:42:43 AM

Quote from: Andre# on March 23, 2015, 04:35:54 AM

Quote from: Fatman3001 on March 23, 2015, 04:03:20 AM

Quote from: sAt0sHiFanClub on March 23, 2015, 03:49:53 AM

Looks like the majority have it regarding the poll.

Well below 270, and its 9am here in London.

lol

The high so far today on finex was 270.8

"Monday the 23rd price" is a bit ambiguous. I would interpret it as the average price of coins traded for USD during 23 March GMT.

"Well below 270" is less ambiguous. One could just check what coindesk puts as average price when the day is over.

But the price isn't well below 270 (currently 270.40 on Finex), and the day is over at a different time in each timezone.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: Fatman3001 on March 23, 2015, 05:11:52 AM

Out of curiosity, and somewhat out of interest, I have been watching some TA. Especially on whaleclub.co. And all I see are some fools running amok with confirmation bias and constantly adjusting accordingly no matter what happens. Is there a useful aspect to TA that isn't so vulnerable to confirmation bias?

Personally, I don't think there is. But then again, I don't believe there's a legitimate TA either. It's like a self-fulfilling prophecy that (if you get it right) you simply say "I told you so". In Physics, it's a low entropy, chaotic model. Practically no chance to get a 100% CERTAIN result. All these is mumbo-jumbo stuff, but frankly I like to stare... Tongue

Edit:
Just in case you want to dive into, I indulge you to read this paper:
http://www.asa.cs.uni-frankfurt.de/software/MI2/papers/Grassberger83.pdf

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Out of curiosity, and somewhat out of interest, I have been watching some TA. Especially on whaleclub.co. And all I see are some fools running amok with confirmation bias and constantly adjusting accordingly no matter what happens. Is there a useful aspect to TA that isn't so vulnerable to confirmation bias?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: Andre# on March 23, 2015, 04:35:54 AM

Quote from: Fatman3001 on March 23, 2015, 04:03:20 AM

Quote from: sAt0sHiFanClub on March 23, 2015, 03:49:53 AM

Looks like the majority have it regarding the poll.

Well below 270, and its 9am here in London.

lol

The high so far today on finex was 270.8

"Monday the 23rd price" is a bit ambiguous. I would interpret it as the average price of coins traded for USD during 23 March GMT.

"Well below 270" is less ambiguous. One could just check what coindesk puts as average price when the day is over.

Andre#

hero member

Activity: 737

Merit: 500

Quote from: Fatman3001 on March 23, 2015, 04:03:20 AM

Quote from: sAt0sHiFanClub on March 23, 2015, 03:49:53 AM

Looks like the majority have it regarding the poll.

Well below 270, and its 9am here in London.

lol

The high so far today on finex was 270.8

"Monday the 23rd price" is a bit ambiguous. I would interpret it as the average price of coins traded for USD during 23 March GMT.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: sAt0sHiFanClub on March 23, 2015, 03:49:53 AM

Looks like the majority have it regarding the poll.

Well below 270, and its 9am here in London.

lol

The high so far today on finex was 270.8

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

sAt0sHiFanClub

hero member

Activity: 546

Merit: 500

Warning: Confrmed Gavinista

Looks like the majority have it regarding the poll.

Well below 270, and its 9am here in London.

sAt0sHiFanClub

hero member

Activity: 546

Merit: 500

Warning: Confrmed Gavinista

Quote from: Ask Ken About Love on March 22, 2015, 08:08:00 PM

Quote from: JimboToronto on March 22, 2015, 08:03:31 PM

Quote from: calme on March 22, 2015, 07:56:38 PM

when i go into public girls normally strap me down to administer cialis Angry

LOL I'm more concerned with women trying to hit on my Cialis supply when they find out how much it enhances their pleasure and response.

The stuff aint cheap.

Cool

These women friends of yours... If it's not indelicate of me to ask... How big are their dicks, would you say?

Best put down ever. Grin