Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22979. (Read 26709382 times)
February 09, 2015, 02:24:24 PM
Gentleman, thank you for the insight. These charts can look so convincing; they remind me of statistics... Paint the picture however you want...
February 09, 2015, 02:14:51 PM
Ema has dropped to 229 and longterm downtrend still intact.
Whats Ema ? you mean 219 ?
Exponential moving average. There are different rates. Weekly. Daily. Hourly. they all have different lines
February 09, 2015, 02:04:22 PM
... His forte is computers, not economics. Obviously.
Just like satoshi...
wait, perhaps he is satoshi?!?!
Maybe he's Mark Karpeles too and the fat boy is just a front. DPR?
Ahhh the holy trinity of Bitcoin, it should have been only one really conflicted person, but sadly there are so many more interesting personalities.
February 09, 2015, 01:59:54 PM
February 09, 2015, 01:54:53 PM
Ema has dropped to 229 and longterm downtrend still intact.
Whats Ema ? you mean 219 ?
February 09, 2015, 01:46:06 PM
Does this image have significance of a falling wedge which would be indicative of a possible trend reversal?
It was posted in the trading sim thread. Not mine. I just found it illuminating. I figure we could just continue longer at this stage but it still doesn't change the fact that a reversal seems to be suggested? Albeit possibly short lived due to the proliferation of shorts. Just wondering. Also wondering where those dark profits will go, i.e., back into BTC or LTC.
It's kind of a stretch. A triangle or whatever continuation pattern you'd choose to use would fit well in the area with the numbered waves, but not encompassing a buying climax on high volume. IMO if you're going to draw triangles and use them in analysis, they cannot be arbitrary. The must connect with multiple high volume areas and the price action should never "jump out of bounds" very much in order to be a valid pattern. Also the connection points should not be super far apart unless you're on a 3d or weekly chart. They are tools for you to understand and identify trading ranges and lower volume consolidation periods, not lines that simply tell you where to trade.
What many traders are missing now is the significance of the selling climax to $160, and the subsequent retest of that area. It is an enormous sign of strength for that many coins to have been transferred from weak hands to strong. I keep hearing "the downtrend is still intact!" Well, technically it is, but you'd better have a close look at that super high volume area that stopped the selling, or you're ignoring a big message the market is trying to tell you.
Beautifully put. Agree 100%
February 09, 2015, 01:38:28 PM
Does this image have significance of a falling wedge which would be indicative of a possible trend reversal?
It was posted in the trading sim thread. Not mine. I just found it illuminating. I figure we could just continue longer at this stage but it still doesn't change the fact that a reversal seems to be suggested? Albeit possibly short lived due to the proliferation of shorts. Just wondering. Also wondering where those dark profits will go, i.e., back into BTC or LTC.
It's kind of a stretch. A triangle or whatever continuation pattern you'd choose to use would fit well in the area with the numbered waves, but not encompassing a buying climax on high volume. IMO if you're going to draw triangles and use them in analysis, they cannot be arbitrary. The must connect with multiple high volume areas and the price action should never "jump out of bounds" very much in order to be a valid pattern. Also the connection points should not be super far apart unless you're on a 3d or weekly chart. They are tools for you to understand and identify trading ranges and lower volume consolidation periods, not lines that simply tell you where to trade.
What many traders are missing now is the significance of the selling climax to $160, and the subsequent retest of that area. It is an enormous sign of strength for that many coins to have been transferred from weak hands to strong. I keep hearing "the downtrend is still intact!" Well, technically it is, but you'd better have a close look at that super high volume area that stopped the selling, or you're ignoring a big message the market is trying to tell you.
February 09, 2015, 01:14:10 PM
Does this image have significance of a falling wedge which would be indicative of a possible trend reversal?
It was posted in the trading sim thread. Not mine. I just found it illuminating. I figure we could just continue longer at this stage but it still doesn't change the fact that a reversal seems to be suggested? Albeit possibly short lived due to the proliferation of shorts. Just wondering. Also wondering where those dark profits will go, i.e., back into BTC or LTC.
February 09, 2015, 01:06:49 PM
1:04PM EST
February 09, 2015, 12:59:58 PM
February 09, 2015, 12:51:51 PM
Ema has dropped to 229 and longterm downtrend still intact.
February 09, 2015, 12:51:43 PM
... His forte is computers, not economics. Obviously.
Just like satoshi...
wait, perhaps he is satoshi?!?!
Maybe he's Mark Karpeles too and the fat boy is just a front. DPR?
February 09, 2015, 12:46:24 PM
[...]
Someone should write a script that parses your comments for 'bull troll' and 'bear troll' mode (they seem to alternate in a roughly bi-monthly rhythm), then use the result as a contrarian indicator. Would be interesting to see the backtest of a strategy based on that ^_^
February 09, 2015, 12:45:29 PM
Remember kids...
the price doesn't matter,
bad news doesn't matter,
China doesn't matter.
Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO.
BillyJoeAllenRedneck firefighter who can't spell his own home state correctly
And of course even those with an education are wrong, wrong, wrong.
So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry.
the price doesn't matter,
bad news doesn't matter,
China doesn't matter.
Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO.
Quote
Lemme save you the time. He says that money only has value because we believe it has value. I suppose that's true in a certain context but useless. Economics professors (he's a prof) only have value because we believe they have value also. What determines MARKET value for anything is supply and demand and what determines the value of something to an individual is marginal utility. Any Econ Prof worth his salt will tell you that the first week of Econ 101.
And of course even those with an education are wrong, wrong, wrong.
So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry.
Yanis Varoufakis admits he's a Marxist, which means he's still clinging to the thoroughly discredited Labor Theory of Value when it was replaced by Marginal Utility by all non-Marxist economists about a century ago.
Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?
Beware the short squeeze boys and girls. It's coming.
I think it's likely we can start to see a squeeze very soon
February 09, 2015, 12:44:33 PM
wait, perhaps he is satoshi?!?!
Damn! I thought that I had removed all the double spaces after periods from all my posts...
February 09, 2015, 12:40:34 PM
Remember kids...
the price doesn't matter,
bad news doesn't matter,
China doesn't matter.
Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO.
BillyJoeAllenRedneck firefighter who can't spell his own home state correctly
And of course even those with an education are wrong, wrong, wrong.
So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry.
the price doesn't matter,
bad news doesn't matter,
China doesn't matter.
Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO.
Quote
Lemme save you the time. He says that money only has value because we believe it has value. I suppose that's true in a certain context but useless. Economics professors (he's a prof) only have value because we believe they have value also. What determines MARKET value for anything is supply and demand and what determines the value of something to an individual is marginal utility. Any Econ Prof worth his salt will tell you that the first week of Econ 101.
And of course even those with an education are wrong, wrong, wrong.
So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry.
Yanis Varoufakis admits he's a Marxist, which means he's still clinging to the thoroughly discredited Labor Theory of Value when it was replaced by Marginal Utility by all non-Marxist economists about a century ago.
Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?
Beware the short squeeze boys and girls. It's coming.
I´m pretty sure this is the reason why people attack you...
BillieJoeAllen - Destroyer of our oppressive financial system. Some call him savior!
Be careful! Illuminati is watching you!
February 09, 2015, 12:36:37 PM
-fart-
...Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?...Don't sweat the petty attacks from the crybaby bears. They get a little testy when things don't go their way.
That said, Jorge Stolfi isn't an economics professor. He got his doctorate in computer science form Stanford. His forte is computers, not economics. Obviously.
Just like satoshi...
wait, perhaps he is satoshi?!?!
February 09, 2015, 12:36:25 PM
What is it that I am saying that is so dangerous that it requires these ad hominem attacks?
Well you are a sexist and a racist, so there is that. To be fair, that is less dangerous and more ignorant, but whateves.
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