Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28371. (Read 26609134 times)
April 08, 2014, 11:39:37 AM
you can't use bitcoin for electrical contacts.
April 08, 2014, 11:37:05 AM
bitcoin, its like gold only useful.
April 08, 2014, 11:33:46 AM
April 08, 2014, 11:20:44 AM
lol, the last page had more ignored posts than normal ones.
those suckers get paid i guess.
those suckers get paid i guess.
April 08, 2014, 11:14:43 AM
Yeah, forget to mention that. I used log, isn't that supposed to be a standard in bitcoin charting?
Log is usually appropriate, since price is not as important for trading as percentage variations. In log scale, a 10% rise or fall will be a step of the same height, whether the price is 10$ or 10,000$. If price climbs at a steady % rate per year (that is, exponenially, A*Q**t), it will be a straight line on a log plot.
On the other hand, certain phenomena are best modeled by a shifted exponential (A*Q**t + B), that will not look straight in a log scale plot.
For small percentage changes, log and linear will look almost the same.
April 08, 2014, 11:03:33 AM
Jorge already reviewed the third party audit [ of Bitstamp ] and declared it as useless.
Not useless at all. Like Roger Ver's audit of MtGOX, and Neo&Bee's profit-only non-voting shares, it tells a lot about the sophistication and shrewdness of bitcoin investors. 
By the way, Neo&Bee shares were traded in two places: Havelock, a Panamanian unregistered "bitcoin securities" exchange, and LMB Holdings, that belonged to Neo&Bee CEO's himself. The CEO is still missing and unreachable, and LMB Holdings site apparently has been shut down (perhaps because of the heartbleed bug?): https://bitcointalksearch.org/topic/m.6122876
April 08, 2014, 11:00:30 AM
April 08, 2014, 10:41:04 AM
http://newsbtc.com/2014/04/08/congressman-stockman-seeks-introduce-bill-congress-declaring-bitcoin-currency-property/ oh man politicians that might get it
and log isn't distorting the the lines its better representing the amount of growth or decline experienced in short times.
and log isn't distorting the the lines its better representing the amount of growth or decline experienced in short times.
April 08, 2014, 10:37:44 AM
remember not everyone has log charts enabled.. me thinks log was used to get the line that appears to touch all the tops fron nov to march
Yeah, forget to mention that. I used log, isn't that supposed to be a standard in bitcoin charting?
I'm always in log, but the default is linear on the site. That is why I mentioned it for all the newbies just lurking on all of us.
I've tried log but I find it distorts too much and you loose detail at the highs.
That said I tend to look at a 2 to 5 day window most of the time and only rarely look at month and longer ranges
April 08, 2014, 10:34:13 AM
remember not everyone has log charts enabled.. me thinks log was used to get the line that appears to touch all the tops fron nov to march
Yeah, forget to mention that. I used log, isn't that supposed to be a standard in bitcoin charting?
I'm always in log, but the default is linear on the site. That is why I mentioned it for all the newbies just lurking on all of us.
April 08, 2014, 10:33:20 AM
Just drew it and it hit the tops all the way to mar 5 nothing broke out.
edit re read,
2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.
I was connecting Nov top with Jan's top
edit re read,
2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.
I was connecting Nov top with Jan's top
Okay that makes much more sense thought I was going crazy for a second. This is the overall chart I'm mainly looking to at the moment which is showing a clear breaking of the December trend based on the Jan 6th top and clear resistance based on the March 4th top together forming a bearish channel that we have been stuck in for the best part of a month.
my further fiddling clarified in my edited statement, in log you can get a line that will touch from all the tops no gaps.
so chart the stuff in log and find the same results.
also funny to then swap it back to linear nd see the curved effect it takes on
April 08, 2014, 10:32:04 AM
remember not everyone has log charts enabled.. me thinks log was used to get the line that appears to touch all the tops fron nov to march
Yeah, forget to mention that. I used log, isn't that supposed to be a standard in bitcoin charting?
April 08, 2014, 10:29:40 AM
Just drew it and it hit the tops all the way to mar 5 nothing broke out.
edit re read,
2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.
I was connecting Nov top with Jan's top
edit re read,
2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.
I was connecting Nov top with Jan's top
Okay that makes much more sense thought I was going crazy for a second. This is the overall chart I'm mainly looking to at the moment which is showing a clear breaking of the December trend based on the Jan 6th top and clear resistance based on the March 4th top together forming a bearish channel that we have been stuck in for the best part of a month.
April 08, 2014, 10:17:57 AM
Just drew it and it hit the tops all the way to mar 5 nothing broke out.
same here
April 08, 2014, 10:15:00 AM
Just drew it and it hit the tops all the way to mar 5 nothing broke out.
edit re read,
2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.
I was connecting Nov top with Jan's top
edit 2 : remember not everyone has log charts enabled.. me thinks log was used to get the line that appears to touch all the tops fron nov to march
edit re read,
2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.
I was connecting Nov top with Jan's top
edit 2 : remember not everyone has log charts enabled.. me thinks log was used to get the line that appears to touch all the tops fron nov to march
April 08, 2014, 10:09:49 AM
Could you show us how you have drawn your ATH resistance line where it is shallow enough for it to be at 3400 currently?
By my quick reckoning jonoiv is about right...
https://i.imgur.com/0zxIidF.png
EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.
By my quick reckoning jonoiv is about right...
https://i.imgur.com/0zxIidF.png
EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.
If you connect the Nov 30 top (ATH on most non-Chinese exchanges) with the Jan 6 top on Huobi the line gets to about 3400 CNY on the daily. This line also accurately predicted the top of the Mar 4 bull trap.
Does it?
Connecting the Nov 30th top with the Jan 6 top on the daily shows that trend line being broken on the March 4th bulltrap and now acting as resistance?
A zoomed out example of where your drawing it may help me see where your coming from.
April 08, 2014, 10:01:44 AM
https://twitter.com/btercom/status/453413102113931264
I mean these guys seems more about pumps with these type of announcements but hey, its a guarantee lol https://twitter.com/bitcoinowl/status/453530103763730432
He could be right, there might be another bubble from 60 to 400$ in 1-2 years.
April 08, 2014, 09:56:31 AM
Anyone notice that now $458 is compared to Mt. Everest, by a Bull! My estimate that $400 will hold is back up to 60%.
April 08, 2014, 09:53:35 AM
Could you show us how you have drawn your ATH resistance line where it is shallow enough for it to be at 3400 currently?
By my quick reckoning jonoiv is about right...
https://i.imgur.com/0zxIidF.png
EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.
By my quick reckoning jonoiv is about right...
https://i.imgur.com/0zxIidF.png
EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.
If you connect the Nov 30 top (ATH on most non-Chinese exchanges) with the Jan 6 top on Huobi the line gets to about 3400 CNY on the daily. This line also accurately predicted the top of the Mar 4 bull trap on Huobi.
edit: This is on log scale.
April 08, 2014, 09:51:00 AM
458 or more
458 or more !
Come on bitcoin! don't be shy! Fly like a bird 
(like a bird that does fly high, like Tibetan geese - those can fly up to Everest height during their flight)
haha always expecting the best..! I like your optimism though .! 458 or more !
Come on bitcoin!
don't be shy! Fly like a bird (like a bird that does fly high, like Tibetan geese - those can fly up to Everest height during their flight)Jump to: