Looks like the sell order depth is increasing? Or am I reading the chart wrong? I liked this graph much more:
That one wall is the main difference. Whether it will stand or not is another question.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27686. (Read 26711828 times)
May 20, 2014, 02:25:28 PM
Looks like the sell order depth is increasing? Or am I reading the chart wrong? I liked this graph much more:
That one wall is the main difference. Whether it will stand or not is another question.
May 20, 2014, 02:23:54 PM
Monero receives some intense pumping in here 
and we all know what happens after a major pump
May 20, 2014, 02:23:15 PM
Yours is arbitrary because it uses all candle wicks but one for the trendline. Either you do it by closes, or you do it by high/lows, not both.
Actually, not sure if that's a 'hard rule' of trendlines.
Anyway, the triangle looks fine to me. Broke out upwards. Don't know what porcupine's problem is with it... I think he just doubts that TA could ever dominate fundamentals, news, sentiment, etc.
I have no problem. You can have fun with the TA. I admit that it is very tempting because it is much easier than FA. But I just don't see a causal realtionship between this chart analysis and the will of people to buy or sell.
I wanted to draw the same line and it seems, that I fucked up the last one. Here is the "real" triangle. Let's see, what happens.
May 20, 2014, 02:22:40 PM
Monero receives some intense pumping in here
May 20, 2014, 02:20:10 PM
monero is bytecoin fork.
You say that like it's a bad thing, but bytecoin is a scam from beginning to end. A scam wrapped around a nice algorithm. Monero did the right thing, forked it to eliminate the scamminess, while preserving the nice algorithm. Since then it has been seeing a lot of development in a very short time. In fact, bytecoin has been taking more code from monero than monero has taken from bytecoin, since the fork.
May 20, 2014, 02:18:05 PM
Hm I thought I used only the highs but now it seems, the january high doesn't fit. I mean I can put the lines to every nearly every place to get every triangle I want. Hm, but can you tell be which rules the graph follows which I criticized?
https://bitcointalksearch.org/topic/m.6837593
I can't say anything about a chart which has a trendline with only 1 contact point (it only goes back a month). I'm guessing it's a downtrend with points from earlier, but I'm not about to check. https://bitcointalksearch.org/topic/m.6837593
May 20, 2014, 02:17:26 PM
I was beginning to think that the one thing that could kill bitcoin would be boredom.
Good to see the patient still has a pulse
Good to see the patient still has a pulse
+1.
And of course, there are the "why did the price surge? any news? what happened? what about china?" cries. Because it couldn't be that price has a will of its own, as a manifestation of the consciousness of people around the world, and that there are some triggers that will incite movement. Nah, must be some NEWS.
Just wait. News will be found to fit the movement.
You may have missed it China and Russia sign an agreement to usurp the USD.
crypto is as a result more valuable as a medium of exchange.
Well provided they settle in the Russian Ruble not Renminbi, as the RMB is linked to the USD anyway.
May 20, 2014, 02:16:19 PM
Almost. Dark coin is attempting to copy ring signature that is used by monero (my new favourite alt). Will be interesting if they can do it as it's not a copy paste integration.
It will require a hard fork. Whether Evan can handle the politics remains to be seen. It will take a while in any case. Meanwhile MRO progresses rapidly. However, less while tacotime is offline. Therefore I think I shall write some code for this understaffed piece of social hacking serendipity.
May 20, 2014, 02:15:14 PM
Maybe the graph above just looks arbitrarily. This graph is better. And what tells you that? That Bransen and other investors just sit there and drawing lines?
Here, this one works:
Yours is arbitrary because it uses all candle wicks but one for the trendline. Either you do it by closes, or you do it by high/lows, not both.Here, this one works:
Hm I thought I used only the highs but now it seems, the january high doesn't fit. I mean I can put the lines to every nearly every place to get every triangle I want. Hm, but can you tell be which rules the graph follows which I criticized?
https://bitcointalksearch.org/topic/m.6837593
May 20, 2014, 02:09:25 PM
Yours is arbitrary because it uses all candle wicks but one for the trendline. Either you do it by closes, or you do it by high/lows, not both.
Actually, not sure if that's a 'hard rule' of trendlines.
Anyway, the triangle looks fine to me. Broke out upwards. Don't know what porcupine's problem is with it... I think he just doubts that TA could ever dominate fundamentals, news, sentiment, etc.
May 20, 2014, 02:05:44 PM
I can't make shit in this market, rather losing money in most of trades 
I want bull run, no need to think, it just goes up, up, up
I miss making lot of money in single trades
, last few weeks were shit. Boring, haven't traded most of time but lost money pretty much each time I did.
I want bull run, no need to think, it just goes up, up, up
I miss making lot of money in single trades
, last few weeks were shit. Boring, haven't traded most of time but lost money pretty much each time I did. 
May 20, 2014, 02:04:58 PM
Yours is arbitrary because it uses all candle wicks but one for the trendline. Either you do it by closes, or you do it by high/lows, not both.
Actually, not sure if that's a 'hard rule' of trendlines.
Anyway, the triangle looks fine to me. Broke out upwards. Don't know what porcupine's problem is with it... I think he just doubts that TA could ever dominate fundamentals, news, sentiment, etc.
May 20, 2014, 02:04:16 PM
Looks like the sell order depth is increasing? Or am I reading the chart wrong? I liked this graph much more:
May 20, 2014, 02:00:41 PM
May 20, 2014, 01:59:42 PM
so, I live under a rock and I am lazy as hell
can someone tell me what just happened?
can someone tell me what just happened?
Karpeles made an appearance on Oprah earlier today and pulled the private keys for 600k coins out of his ass.
One at a time.
That would lower the price I think. 600k BTC lost is 2.9% of all Bitcoin that will ever be mined (more than 5% of currently mined ones)
You had to be there to fully appreciate the bullishness of the situation. My tv's still sticky.
All that time cautioning against rocket pics and suddenly this?!!
Yeah. Guess being bullish brightens one's mood...
Bear. Not even once.
May 20, 2014, 01:59:04 PM
I make money being bullish, but I can't make any money being bearish in part because I don't trust the exchanges to hold my short, and because Bitcoin is in a long-term bull trend and I probably dare not short it even in an intermediate bear market.
I'm not in this game as long as you've been, but I seem to make money only in bull markets, but increase my btc in bear markets. Sure, you'll say it's obvious, but I think it was Rampion who gave me that idea some point in the middle of last year, until then I didn't really think of it that way.
May 20, 2014, 01:58:51 PM
Here is some speculation as to WHY the bitcoin price may have gone up: http://www.geekcipher.com/technology/bitcoin-price-breakout-on-may-20th-2014/ about 1/2 way down the page. Transparent Thailand exchange reopening + other possibilities.
May 20, 2014, 01:58:43 PM
Maybe the graph above just looks arbitrarily. This graph is better. And what tells you that? That Bransen and other investors just sit there and drawing lines?
Here, this one works:
Yours is arbitrary because it uses all candle wicks but one for the trendline. Either you do it by closes, or you do it by high/lows, not both. Here, this one works:
May 20, 2014, 01:58:15 PM
We´ll go through the dark side of Power.
May 20, 2014, 01:57:02 PM
Yes be wary of LTC, it hasnt got much going for it anymore and one of the pools has also been flickering around 50% has rate for a few days as well.
Can you explain?
Never really saw the point in LTC, but what's different now?
Well, besides from the sheer number of alts some of the new ones (drk,monero etc) have got real world useful features. LTC apart from its second mover advantage only has faster block times which is now included in a huge amounts of alts.
Whats the advantage of LTC over an alt thats faster and anon?
None! Dark's anonymity feature is getting better with updates too.
Almost. Dark coin is attempting to copy ring signature that is used by monero (my new favourite alt). Will be interesting if they can do it as it's not a copy paste integration.
Darkcoin is proper development (with real dev and actual coding), monero is bytecoin fork.
Jury is out, interesting to watch how this plays out.
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