Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22536. (Read 26607917 times)
March 09, 2015, 05:59:16 AM
March 09, 2015, 05:51:50 AM
Its so simple to detect such wash volume pumps - they "bought" ~6k coins on okgox within 15 minutes (wash volume bots), but look at buy support there: ~700 btc to fall lower then pre pump level. Wise taders has figured out that shitty chinese scheme long ago, this week we're gonna see 200$ retest due to Storch RSI being in highly overbough zone.
Sure if you look at bid support it might look low. But bid support on okcoin isn't always on the books. One nice thing is that okcoin has a ton of algo orders like TWAP and Iceberg that buys in small amounts.
Yes, its called wash volume due to bots usage, ask yourself, why someone should by such large amounts of btc instantly on okgox pushing the price while he can buy 1/3 on okgox, 1/3 on goxobi and 1/3 on btcchina instead? They always use okgox/goxobi wash volume bots to pump a price to the resistance levels before a dump, it wont go above 1760 cny, the only goal of such fakeouts is to force other exchanges to cancel shorts/place more fat buy support before they dump. Same scheme over and over again.
Chinese pied piper command to his lemmings to place buy orders to let him dump later. Wash cinese volume ftw. Follow your ruler, lemmings, dont think.
March 09, 2015, 05:45:17 AM
If you want a good laugh 
Shocking interview! - In the mind of an altcoin developer
https://www.youtube.com/watch?v=cIasr2AiyZ0
Shocking interview! - In the mind of an altcoin developer
https://www.youtube.com/watch?v=cIasr2AiyZ0
lol pretty funny, but 13k views... people are interested in altcoins...
Make no mistake, they're getting bigger, better and connected.
March 09, 2015, 05:42:20 AM
Here is a great trade for those having fiat, but dare not invest more in bitcoin due to the downside risk.
1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.
The reason is that the forwards are 20 % higher than spot, indicating an expected rise, in aggregate, by the market.
You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.
*) except third party risk.
I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.
1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.
The reason is that the forwards are 20 % higher than spot, indicating an expected rise, in aggregate, by the market.
You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.
*) except third party risk.
I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.
What exactly are you looking at, OKC futures? Didn't know they have 6 month contracts :/
March 09, 2015, 05:33:52 AM
I don't think we will see 300 today. The market looks so bored anyhow. I wish there would be some more action, no matter in which direction.
March 09, 2015, 05:32:22 AM
If you want a good laugh
Shocking interview! - In the mind of an altcoin developer
https://www.youtube.com/watch?v=cIasr2AiyZ0
Shocking interview! - In the mind of an altcoin developer
https://www.youtube.com/watch?v=cIasr2AiyZ0
March 09, 2015, 05:21:20 AM
Nah, that's next week
March 09, 2015, 05:19:49 AM
March 09, 2015, 05:18:06 AM
Tree hundred today
March 09, 2015, 05:12:18 AM
I think the market might need a little breather before we move higher. Gonna buy me a dip if it comes.
Or maybe not, sheesh!
March 09, 2015, 05:09:55 AM
Here is a great trade for those having fiat, but dare not invest more in bitcoin due to the downside risk.
1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.
The reason is that the forwards are 20 % higher than spot, indicating an expected rise, in aggregate, by the market.
You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.
*) except third party risk.
I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.
1 Buy a bitcoin
2 Sell a 6 month forward, using the bitcoin as collateral.
3 Collect a USD20 no risk*) profit. That is a 7% in 6 months. Buy an extra ice cream now, care free.
The reason is that the forwards are 20 % higher than spot, indicating an expected rise, in aggregate, by the market.
You have the same phenomenon in oil, except storage of oil is costly, which means that a larger spread on the future/spot is necessary to make a profit.
*) except third party risk.
I don't personally go into this, I would rather just have the bitcoin, I don't mind the risk.
March 09, 2015, 04:59:16 AM
March 09, 2015, 04:33:35 AM
Yeow! The euro is tanking.
March 09, 2015, 04:30:21 AM
BTC will boom shortly imho. Feels like a safe haven for many investors at the moment since it seems the downtrend of EURO/USD will be the main thing of this week... All time low since 2005. On the other hand USD price goes ballistic. Maybe the market already knows something we don't? 
http://www.xe.com/currencycharts/?from=EUR&to=USD&view=10Y
http://www.xe.com/currencycharts/?from=EUR&to=USD&view=10Y
March 09, 2015, 04:24:55 AM
Looks like more upside if triangle breaks ... or downside.
March 09, 2015, 04:08:13 AM
I think the market might need a little breather before we move higher. Gonna buy me a dip if it comes.
March 09, 2015, 03:59:19 AM
March 09, 2015, 03:57:53 AM
This market is splashed around too much by whales with their own motives to take too much stock in TA. Thankfully we have a professor with academic interest only to run regressions against the aftermath.
Now now, dont be so pessimistic about the market. It has been recovering already.
Pessimism is in the eye of the beholder. I thought my statement was rather neutral.
Generally, I am also of the opinion that the last few months have been a very slow recovery... and seemingly inching our way up. Maybe it is going to take a few weeks to go above $300 and then thereafter, maybe it will take a few months to go above $400.... but generally seems like the trend is on its way to turning upward.. even if BTC prices may be somewhat flat for a while, such as one or two months or even longer.
March 09, 2015, 03:53:36 AM
This market is splashed around too much by whales with their own motives to take too much stock in TA. Thankfully we have a professor with academic interest only to run regressions against the aftermath.
Now now, dont be so pessimistic about the market. It has been recovering already.
Pessimism is in the eye of the beholder. I thought my statement was rather neutral.
Generally, I am also of the opinion that the last few months have been a very slow recovery... and seemingly inching our way up. Maybe it is going to take a few weeks to go above $300 and then thereafter, maybe it will take a few months to go above $400.... but generally seems like the trend is on its way to turning upward.. even if BTC prices may be somewhat flat for a while, such as one or two months or even longer.
March 09, 2015, 03:44:33 AM
I'm not even sure to what to make of the bitcoin price nowadays. It used to get small pumps followed by large dumps driving the price down. Now it gets large pumps that occur in very short time frames, then small dumps, mostly with a small upside to the price. Was the recent low around $220 and now we are on a long recovering phase from there? Or is this just a pump and dump cycle that hasn't had its true dump back to low $200's yet?
Also is this likely a single buyer that makes these huge short terms pumps? Or market orders getting executed near the same time? WTF is going on?
Also is this likely a single buyer that makes these huge short terms pumps? Or market orders getting executed near the same time? WTF is going on?
that's the difference between a bear market and a bull market.
But how would you confirm that this is now a bull market rather than just a larger pump before an larger incoming dump (thus still being a bear market?).
And hopefully other than some fancy TA lines drawn on a chart....are there any other indicators such as volume, price velocity or MACD etc? --I'm not really a trader so these concepts are rather new to me.
Well its pretty obvious that we've been in a bear trend for quite awhile.
And now I think it could still be debated whether we are in a bull market yet. I think we're in a transitionary phase. Bulls are still cautious but bears are starting to lose power.
Yeah that is my point. It is very obvious that we have been in a bear market for a looonnnng time, however what would we be looking for in order to confirm a new bull market rather than just a small pump / temporary break from the trend prior to another dump?
Due to the prevalence of bull vs bear market analysis there has to be some sort of well developed indicators that traders use to determine short term bull vs short term bear market rather than just "oh hey the price is finally going up therefore we are now in bull market!" --Or at least I hope the "science" behind the study of markets is more developed than that
For TA you'd be looking at linear and log trendlines. People also look at the 100 and 200 moving averages. MACD is also important.
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