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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28169. (Read 26710702 times)

hero member
Activity: 614
Merit: 500
A 4k buy with maximum slippage right at the end of a wedge. The guy had plenty of time to buy during the wedge and instead chooses to buy when it hurts his wallet the most. Looks like manipulation to me.

It's crazy how the entire community is obsessed with a few sites that in reality combined probably can't even match the volume of bitstamp. This is the new mtgox and people just love manipulation..
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?

Given that we are now in a long-term uptrend (since Thursday last, untill August next), your default should always be long.  Use it unless the counterpoint case is deeply compelling. I am at 100 on a scale of -100 to 250.

It's way too early to say that with confidence. Yes, long term uptrends have to start somewhere, but a week isn't long term anything.

If there is anything I am good at, it is saying things too early with confidence.
legendary
Activity: 924
Merit: 1001
We need to open a bear rehabilitation thread.

it's O.K to be a bull!
hero member
Activity: 728
Merit: 500
A 4k buy with maximum slippage right at the end of a wedge. The guy had plenty of time to buy during the wedge and instead chooses to buy when it hurts his wallet the most. Looks like manipulation to me.
legendary
Activity: 1106
Merit: 1007
Hide your women
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?

Given that we are now in a long-term uptrend (since Thursday last, untill August next), your default should always be long.  Use it unless the counterpoint case is deeply compelling. I am at 100 on a scale of -100 to 250.

It's way too early to say that with confidence. Yes, long term uptrends have to start somewhere, but a week isn't long term anything.
sr. member
Activity: 644
Merit: 250
Liftoff, can't wait to get out of the fucking red zone and finally make some profit after getting burned back in December.

I have to agree, HODLING is the easiest and proved strategy if you suck at day trading/gambling.

Glad I resisted the urge to sell at the bottom !  Grin
legendary
Activity: 1025
Merit: 1000
We have liftoff (in China)!   Grin

Stamp's trying to keep up  Cheesy
hero member
Activity: 728
Merit: 500
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?

Given that we are now in a long-term uptrend (since Thursday last, untill August next), your default should always be long.  Use it unless the counterpoint case is deeply compelling. I am at 100 on a scale of -100 to 250.

Thanks for that  Smiley
Bruce almighty, what a pump!
newbie
Activity: 40
Merit: 0
We have liftoff (in China)!   Grin
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
I think there was a covert bear mission to jump onto a moving train and detach the engine. Now all the bitcoiners are unknowingly stuck in cars that are just drifting down the track. But they don't know because they're busy with champagne and disco lights.

Then they've done their job.  This market doesn't exist to make us money. We get paid to reduce volatility.

Did you recently take up TM?  I think I have identified your mantra.
newbie
Activity: 7
Merit: 0
 Hi everyone . As newbie , can anyone explain the build up green wall on Huoby ? Thanks
legendary
Activity: 924
Merit: 1001
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?

well, if you consider the significance of the upper wedge, this is not exactly an ideal long entry.... but doesnt seem like huobi cares at all. Im gonna HODL, and see what happens when the music starts again.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?

Given that we are now in a long-term uptrend (since Thursday last, untill August next), your default should always be long.  Use it unless the counterpoint case is deeply compelling. I am at 100 on a scale of -100 to 250.
legendary
Activity: 2156
Merit: 1070


third time bounce. this is a bullish wedge  Grin

On a runup on super low volume.

Are you watching volume of the last 3 runups? Decreasing dramatically.

How far do you think we go before correcting downward? The market just went up 47% in a few days.

No rest until 1000?

I am expecting 540 today, consolidation then 580, and then a long time between 500-600.

Ok. We'll see.
hero member
Activity: 728
Merit: 500
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?
hero member
Activity: 910
Merit: 1003
Another thing I noticed at Huobi right now is that the order book seems to be almost completely static, except very close the spread. In my recollection, their order book is usually quite dynamic during the day, even far from the spread.  Is that so?

Does that mean that all the trade going on this morning is generated by a few runaway robots, trading with each other?
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
People here accuse me of saying 'the end of bitcoin' all the time so I might as well start actually doing it.

The problem I see with you entering the forex market besides not being able to see volume is that you will basically have to guess what future central bank liquidity decisions are and attempt to front run them. It's the ultimate rigged market.

 

Nonetheless there are useful ways to predict those outcomes.  For example, the game theoretical approach used by Bruce Bueno de Mesquita, author of " The Predictioneer's Game" is powerful.  It might be automated - but there's a lot of epistemic risk in the approach.

Another approach suggested during the Bernanke era is to use the *descriptive* models of central bank interest rate policies which he developed in academic life as though they were *prescriptive*.  Too late for that now - Yellen never wrote such a study. Taylor's rule remains a powerfully informative prior.

One might gain some edge by interpreting rate curve models as boundary value problems in hilbert space, but I'm also skeptical of virtuoso tricks in general - K.I.S.S.

FX is characterized by "paradoxical" dynamics - which create a paranoid gaming recursion. However, for liquid pairs, there is enough fine-scale volatility so that you can usually turn a profit on pure maceration of the trade, even if you get the trend wrong (!) - which should almost never happen, since the broadest trend is read directly from interest rate differentials.

Whether that environment is suited to TERA's peculiar skills I dare not guess.
legendary
Activity: 1106
Merit: 1007
Hide your women
I think there was a covert bear mission to jump onto a moving train and detach the engine. Now all the bitcoiners are unknowingly stuck in cars that are just drifting down the track. But they don't know because they're busy with champagne and disco lights.

Then they've done their job.  This market doesn't exist to make us money. We get paid to reduce volatility.
legendary
Activity: 924
Merit: 1001


third time bounce. this is a bullish wedge  Grin

On a runup on super low volume.

Are you watching volume of the last 3 runups? Decreasing dramatically.

How far do you think we go before correcting downward? The market just went up 47% in a few days.

No rest until 1000?

I am expecting 540 today, consolidation then 580, and then a long time between 500-600.
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