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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28088. (Read 26709945 times)

hero member
Activity: 910
Merit: 1003
What is the basis for this new found optimism?
Well, BTC-China just installed a bitcoin ATM in Shangai and unveiled a phone app, both independent of banks:
http://shanghaiist.com/2014/04/18/chinas-first-bitcoin-atm-installed-in-shanghai-mall.php
I saw an article about it in Chinese posted to a Chinese government website, "submitted by the Shangai city municipality".  I can't find it now, but I have the vague recollection that the date&time coincided with the jump from ˜2900 to ~3100 on Huobi at 05:55 UTC (13:55 local time).

I haven't seen any new notices on the Huobi and OKCoin sites about the bank (non)closures. 
legendary
Activity: 1106
Merit: 1007
Hide your women
I'm just not impressed by the volume of this rally. This could still very easily be a repeat of  March, only this time $400 support has been broken, and we don't have the certainty that we had then that the realization of our worst fear (the closure of a major exchange) is behind us.

I said two days ago that ~$475 was retracement territory and if we were going to have another major push upwards, it would be from there. So far the push has been pretty underwhelming. I'm guessing Friday's paychecks have mostly been spent by now and Easter will be a time for profit taking and the celebration of an entirely different kind of resurrection.

What am I missing? We haven't had a crash in over a week and China hasn't declared bitcoin ownership a capital crime yet? What is the basis for this new found optimism? This thread's like a bunch of manic depressives off of their lithium. Since I don't read Chinese and my TA skills are limited, perhaps someone could enlighten me.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 175
Merit: 100
1m, 3m, 15m, 30m, 1h, 2h, 4h, 6h and 12h charts all pointing north. The stars are aligned.
1d chart going to break out within the next hr.

My advice: Get in now!

 Yep, $526 is pretty much bagged at this point. However, beyond that, longs begins stepping into risk territory, with a break beyond last high of 548 difficult to rely on given this is the weekend -and- a holiday period, which is why the best way to get in these trades in this kind of environment is to not jump in reacting to movement, instead wait out for the next 1H/2H candle retracement and enjoy a ~90-95% guarantee of a more advantageous position opening up.

 That way you can have your moon cake & eat it too while smothering your cheeks with it like a hungry toddler.
hero member
Activity: 560
Merit: 500
That seems rather uncharitable, but with the way you've been using your keyboard like a truncheon, I suppose I should have expected to take my turn on the receiving end.

It's tax season. I'm irritable. In addition, although I am male I suspect I may be PMSing.
full member
Activity: 175
Merit: 100

[..]

The forex markets are much larger and robust, randomised, and manipulated. I would agree that nobody can sytematically make 75% from that.

I also agree about the emotions, not only your emotions/logic but others aswell.

 Yeah, more liquid, a bit more randomized, arguably just as manipulated as cryptomarkets, and, you get up to 1:1000 leverage for it, versus .sx's 1:10 & 'Finex's 1:2.5.. that can be incredulous free-&-clear profit should one find the discipline to only trade during the release of events like the FOMC Statement & NFP Economic Report ; Not to mention ..increased funds security from all that cavorting w/ Big Brother ;p..

 Emotions are a trade killer. Our worst enemy.

My in depth technical analysis says: The market really likes the 500 point. There I gave away all my secrets.

And the 1000 point, once 510 or even 600 becomes the new "340".


If I ever got the slightest curious inquiry about one of my bets/calls I immediately, gladly produce some screenshots of exchange accts' trade history logs while MS-Paint-blanking away the sensitive/private details.. o.O?

You declare "screenshots or it didn't happen" then go on to talk about Photoshopping screenshots. Did you think that through before typing it?
Did you? Blanking sensitive data is hardly photo editing. And it's not Photoshop. Couldn't you read? Mspaint.

LOL, I've obviously touched a nerve with derpinheimer. Lemme guess - you practice the religion of TA as well?

"Photoshopping" is like calling all tissues "Kleenex," or perhaps calling a photocopy a "Xerox" when it may not be that brand. This is common in the U.S.

I don't care what program Cosmic used. The fact one can digitally alter a screenshot immediately renders it anything but proof. The shot may be helpful, but it shouldn't be mistaken as proof of anything. I swear I have no idea how kids clamped onto that idea. You can change ANYTHING on a screenshot.

Goodness, people are beginning to wonder if even video can be proof now because many people have the ability to edit it. Did you know the FSM actually exists and was spotted in Germany, proving our Universe was created by His Noodly Appendage?
https://www.youtube.com/watch?v=vL7FcvEydqg

You don't have to be happy that I call TA superstition but get some perspective and be reasonable. And if you're going to jump me you'd better use your fucking brain first because otherwise I will tear you into more tatters than the Walking Dead wardrobe department.

 It's funny, I hadn't thought it through, actually. Mostly b/c of being so used to the common idea that screenshots are oft asked for in forums, games & even by admins/gamemasters to resolve disputes or proove/disprove hacks, misconduct, etc.

 Makes one wonder.. why is it that there has been such a culture of taking camera or computer screenshots as evidence of anything in the era of ubiquitous digital editing..? Or even video footage, which can also be tampered with a minimum of know-how..? Goes pretty deep when you think about it. All those accepted practices & protocols about using video cameras for criminal investigation =/  Guess they're fine with it because at that level, they have well-trained experts who will spot nearly all the little signs showing modification.

 But, on forums, as informal proof shared between peers, we obviously can't rely on such experts to lend a hand on the spot. Thus, I must rephrase my statement  Cool :

 If I ever got the slightest curious inquiry about one of my bets/calls I immediately, gladly produce some screenshots/imgur links of my exchange accts' trade history logs (while of course edit-blanking away the sensitive / private details) ; As well as screens/links of the TrxID's & locations of the relevant transactions as visible in the blockchain ; Along with any other reasonably acquired proof (my technical knowledge of cryptocurrencies' inner workings is lacking ;p) that would strengthen my claim not because one must proove anything to anyone but rather because it is beneficial to all users of a forum when truth, ugly or pretty, is sought-after & bullsht is eradicated to halt the diseased spread of delusions.

 As for TA, the strongest inalienable rationale for its legitimacy comes from an uncanny effect : Traders desperately want an edge. The tantalizing mirage of somehow being able to robotically follow a price-based, mathematical prediction system and making bank on almost every candlestick has obvious low-hanging fruit appeal that explains its huge popularity next to fundamental analysis. This widespread use, is precisely why it works. The greater the number of TA speculators expect the price to do X at Y point based on converging technical price indicators, the greater the probability that they collectively make such price action happen, in an impromptu consensus with each other.

 That being said, there's a difference between buying|selling at low|high technical points because it's less risky, more patient & smarter ; And placing trust in Fibonacci Lines, Elliott Waves & Ichimoku Clouds. I trade charts 'naked' and have always disliked the latter more advanced indicators, because at the end of the day, you want to manage risk until your trade entry ends up being profitable or until you can cut loss at a better exit to make more money another time. That comforting feeling one gets playing Nostradamus & seeing your EW/Fibo/etc predictions being 'proven' correct by the markets, is in reality awkwardly close to the relief a priest gets when events unfold as to 'prove' his faith right..

 Daim, now I'm hungry for some pasta & french bread.. Huh
legendary
Activity: 1106
Merit: 1007
Hide your women
nano did fuck all.....

her husband must be furious!


I bought at 355, I sold at 420. I bought at 405, I sold at 520. I bought at 488, shorted at 490. now I have bought at 484. You will find evidence for all these if you care to look.

Nano took a lot of time to carefully go through and unmask your delusion multiple times in a dandy little timeline. It was gift from her to us. She practically put a li'l red bow on it. I'm not going to bother with it again when the truth is clear. All we need is for you begin deliriously shouting at us that you've "called the bottom" when you have done no such thing and we'll rename you BJAllen. You two can Indian Leg Wrestle over who needs the most attention.

That seems rather uncharitable, but with the way you've been using your keyboard like a truncheon, I suppose I should have expected to take my turn on the receiving end.
member
Activity: 74
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hero member
Activity: 560
Merit: 500
1m, 3m, 15m, 30m, 1h, 2h, 4h, 6h and 12h charts all pointing north. The stars are aligned.
1d chart going to break out within the next hr.

My advice: Get in now!

One of these days, Alice... to the moon!

sr. member
Activity: 403
Merit: 250
Holy crap ! buying back at a loss now
hero member
Activity: 574
Merit: 500
lol, I am starting to side with the bears, on the need to chillout.. most likley the spike on the 4hr macd bots.. let it play out before we start to see a upward play...however I think that is Monday.
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
member
Activity: 74
Merit: 10
Pretty sure I have the magical power of causing a big pump. Every time I get bored and sell a handful of LTC, it jumps within 5 minutes.
full member
Activity: 166
Merit: 100
sr. member
Activity: 434
Merit: 250
1m, 3m, 15m, 30m, 1h, 2h, 4h, 6h and 12h charts all pointing north. The stars are aligned.
1d chart going to break out within the next hr.

My advice: Get in now!
full member
Activity: 224
Merit: 100
We're past the 3200 mark on Huobi.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
If we can sustain at around $515, i would be happy with our progress. I would like to see $525 by end of next week (sustainably as well)
full member
Activity: 224
Merit: 100
huobi trying to break 3200 again

Just saw it hit 3200 for a few seconds!
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
I'm sensing a pump and dump.


That's what I am thinking too...
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