Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28400.

TERA

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Quote from: seleme on April 06, 2014, 11:54:07 PM

Quote from: TERA on April 06, 2014, 11:36:51 PM

Everyone thinks we're due for a rally now and most people's reasoning includes that there has been a rally every 9 months. "It has happened 4 times, and now it will happen again", right? Well, if you look at a one week candle chart, and you look at the rsi, you will see a divergence in this last rally, indicating that the trend is over. This could be seen all the way back in December.

I don't expect the rally of huge proportions yet but it's only China uncertainty that it keeps it to have a nice 15-20% rise. 1 day charts are not bearish at all, they are on the border of a move up.

1 day chart could break out but right off the bat it's blocked by 3 day charts at 490 and 590 and that downtrend line at 550. It's almost not worth the risk to make the trade, especially when Huobi could just shut down at any day.

seleme

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Duelbits.com

Quote from: TERA on April 06, 2014, 11:36:51 PM

Everyone thinks we're due for a rally now and most people's reasoning includes that there has been a rally every 9 months. "It has happened 4 times, and now it will happen again", right? Well, if you look at a one week candle chart, and you look at the rsi, you will see a divergence in this last rally, indicating that the trend is over. This could be seen all the way back in December.

I don't expect the rally of huge proportions yet but it's only China uncertainty that keeps us from nice 15-20% rise. 1 day charts are not bearish at all, they are on the border of a move up.

JorgeStolfi

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Quote from: KeyserSoze on April 06, 2014, 10:19:46 PM

Quote from: JorgeStolfi on April 06, 2014, 09:01:39 PM

Especially when those people learn that such scams keep occurring, the lost ~~bitcoins~~ dollars are never recovered, and no one gets punished.

Sounds like Wall Street and modern banking. Lotsa folks continuing to invest there.

Well, perhaps you are right about big banks and high finance. But many smaller fish have been sent to jail for securities fraud and related crimes.

Madoff is in jail, some 25 people related to the Enron and Worldcom scandals were found guilty of criminal charges and some or all went to jail, ....

Perhaps MtGOX can be equated to Lehmann Bros and declared "too big to jail". But people who stole 1/10 as much should not deserve that privilege. Wink

EDIT: typos

TERA

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Everyone thinks we're due for a rally now and most people's reasoning includes that there has been a rally every 9 months. "It has happened 4 times, and now it will happen again", right? Well, if you look at a one week candle chart, and you look at the rsi, you will see a divergence in this last rally, indicating that the trend is over. This could be seen all the way back in December.

chessnut

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Quote from: TERA on April 06, 2014, 11:20:32 PM

It's just a dead cat bounce off of a major support level and the fact that it's spent so much time so low against this support level with such low volume is not bullish at all.

Bitcoin is not a dead cat. It can come to life at any moment. One player can corner this market if they wish, and buying into disaster is strategically sound for all large investors. It was just a few weeks ago that investors representing 250 Billion worth of capital met to discuss investing. they could put the chinese out of their misery pretty smartly.
Low volume does not indicate trend. but when the bidding is up on low volume, it is certainly not bearish.

Im honestly not calling for 'the' low but I think it's a great price to buy and a terrible time to be short.

Im also really sorry if you let go of your short last week, but here we are at 460, I stand by what I say. Im not trying to convince anyone as such but inevitably we come here to share ideas and discuss.

TERA

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Quote from: chessnut on April 06, 2014, 11:15:51 PM

Quote from: TERA on April 06, 2014, 11:01:58 PM

Would you give up trying to convince everyone that this is the bottom and the reversal is about to happen to a new ATH you clowns. You know very well from these charts that the odds are we are going down even further, below 400, but you're angry because you're stuck in your stubborn HODL position. I guess HODL isn't so glorious now, is it.

... The market has been flat for 9 days despite 'utter disaster', something I expected.... and I assure you, HODL is better than shotr right now.

we are in territory for a reversal. I dont see why the odds are that we are going down. Im not going to put too much faith in your macd. and this is not a trend as such, it is a correction.

It's just a dead cat bounce off of a major support level and the fact that it's spent so much time so low against this support level with such low volume is not bullish at all.

chessnut

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Quote from: TERA on April 06, 2014, 11:01:58 PM

Would you give up trying to convince everyone that this is the bottom and the reversal is about to happen to a new ATH you clowns. You know very well from these charts that the odds are we are going down even further, below 400, but you're angry because you're stuck in your stubborn HODL position. I guess HODL isn't so glorious now, is it.

... The market has been flat for 9 days despite 'utter disaster', something I expected.... and I assure you, HODL is better than shotr right now. this 'trend' is very vulnerable to a spike into the upper 500s, and 400 is growing stronger every day.

we are in territory for a reversal. I dont see why the odds are that we are going down. Im not going to put too much faith in your macd. and this is not a trend as such, it is a correction.

jonoiv

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🐺Dogs for President🐺

Quote from: ?? on ??

Quote from: seleme on April 06, 2014, 10:25:18 PM

Quote from: ?? on ??

Quote from: jonoiv on April 06, 2014, 09:36:13 PM

Quote from: seleme on April 06, 2014, 09:05:42 PM

Quote from: jonoiv on April 06, 2014, 08:49:13 PM

Quote from: seleme on April 06, 2014, 08:43:15 PM

It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch! for real ? do you remember the time and date it was last seen?

March 31st/April 1st. Can't recall it was up after that, certainly not in this kind of 4-5 series.

looking at that 480 - 410 drop, the only similarity I can see between now, and then is the 4 hour MACD, they are at very similar stages. and about the same volume.

Maybe this is triggering the bot.

EDIT: 4 hour MACD

Looks similar, but RSI is way lower so the move down will be smaller, IMHO. Were are already half way down on 4hr RSI and the price stays above 450. Unless something extraordinary happens, the price should not fall below 430 when RSI gets into oversold and bounce again. MACD can try to cross, revert and continue upwards.

RSI was pretty similar back then too. Just above 50 back then and few hours ago when it was operating.

I don't know, it looks weaker to me now and we have not even started breaking down. We stayed pretty flat in price and RSI dropped to ~50. To me, this is the difference. I guess we'll find out in a day or two.

both occasions we were also touching the December trend line.

I guess the further down we go the less this bot has an effect..

Might be possible in the future to actually make money from the bot by predicting it's arrival

. It would take a lot of planning, but, easy money by the look of it.

It appears to be munching through an average of 50 BTC a minute, and not a lot is stopping it.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: infofront on April 06, 2014, 10:41:33 PM

Quote from: JayJuanGee on April 06, 2014, 10:31:21 PM

Quote from: aminorex on April 06, 2014, 10:20:41 PM

Quote from: billyjoeallen on April 06, 2014, 08:56:29 PM

What does "manipulation" even mean to you?

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market. Using other people's computers against their will to attack the network.

Yeah, but what about the example in which an exchange takes your bitcoin and then gambles with them, and then gets into such a hole b/c BTC prices go in one direction while they are betting in another direction, then even though they intended to pay you back, they do NOT have sufficient funds. That is NOT exactly stealing of the coins.. They were borrowing without permission and then they fucked up.. If we give the benefit of the doubt to GOX, that may have been what they were doing. I call it manipulation b/c they are presenting themselves to the public as having all of the coins when they only have less than 25% of the coins. Manipulation?

If you pay someone to hold onto something for safekeeping and they gamble it away and then tell you to go fuck yourself, I'd call that theft.

Yes, I agree that there is a theft component that exists as well. The behavior that I am talking about, though, is that they are holding themselves out as if they have 100% coins, when they really only have less than 25% coins. We could call that fraud and deception, but I think that we could also call it manipulation of the BTC market b/c they are creating the appearance of 650,000 BTC that is NOT in their possession (or they have increased the BTC supply by 650,000 until they are caught with their pants down). I am thinking that is an additional unmentioned form of manipulation.. even though it may have other names as well b/c the conduct overlaps into other areas besides just the projecting that you have 650,000BTC that you do NOT have.

TERA

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Would you give up trying to convince everyone that this is the bottom and the reversal is about to happen to a new ATH you clowns. You know very well from these charts that the odds are we are going down even further, below 400, but you're angry because you're stuck in your stubborn HODL position. I guess HODL isn't so glorious now, is it.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

aminorex

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Sine secretum non libertas

Quote from: Richy_T on April 06, 2014, 10:43:16 PM

Refuelling almost complete, US tax refunds inbound and new season of Game of Thrones started. Hold on tight, chaps.

Word of advice: using the word "martingale" in a post is trolling, in these parts.

chessnut

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Oh dear, bitfinex walls are gone in a flash. who could have seen that coming? lol

Richy_T

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Refuelling almost complete, US tax refunds inbound and new season of Game of Thrones started. Hold on tight, chaps.

infofront

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Shitcoin Minimalist

Quote from: JayJuanGee on April 06, 2014, 10:31:21 PM

Quote from: aminorex on April 06, 2014, 10:20:41 PM

Quote from: billyjoeallen on April 06, 2014, 08:56:29 PM

What does "manipulation" even mean to you?

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market. Using other people's computers against their will to attack the network.

Yeah, but what about the example in which an exchange takes your bitcoin and then gambles with them, and then gets into such a hole b/c BTC prices go in one direction while they are betting in another direction, then even though they intended to pay you back, they do NOT have sufficient funds. That is NOT exactly stealing of the coins.. They were borrowing without permission and then they fucked up.. If we give the benefit of the doubt to GOX, that may have been what they were doing. I call it manipulation b/c they are presenting themselves to the public as having all of the coins when they only have less than 25% of the coins. Manipulation?

If you pay someone to hold onto something for safekeeping and they gamble it away and then tell you to go fuck yourself, I'd call that theft.

chessnut

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this is a possibility. bidders are still bidding up the support, wedges resolve in continuation....

maybe not time to short.... not yet anyway.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: aminorex on April 06, 2014, 10:20:41 PM

Quote from: billyjoeallen on April 06, 2014, 08:56:29 PM

What does "manipulation" even mean to you?

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market. Using other people's computers against their will to attack the network.

Yeah, but what about the example in which an exchange takes your bitcoin and then gambles with them, and then gets into such a hole b/c BTC prices go in one direction while they are betting in another direction, then even though they intended to pay you back, they do NOT have sufficient funds. That is NOT exactly stealing of the coins.. They were borrowing without permission and then they fucked up.. If we give the benefit of the doubt to GOX, that may have been what they were doing. I call it manipulation b/c they are presenting themselves to the public as having all of the coins when they only have less than 25% of the coins. Manipulation?

seleme

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Quote from: ?? on ??

Quote from: jonoiv on April 06, 2014, 09:36:13 PM

Quote from: seleme on April 06, 2014, 09:05:42 PM

Quote from: jonoiv on April 06, 2014, 08:49:13 PM

Quote from: seleme on April 06, 2014, 08:43:15 PM

It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch! for real ? do you remember the time and date it was last seen?

March 31st/April 1st. Can't recall it was up after that, certainly not in this kind of 4-5 series.

looking at that 480 - 410 drop, the only similarity I can see between now, and then is the 4 hour MACD, they are at very similar stages. and about the same volume.

Maybe this is triggering the bot.

EDIT: 4 hour MACD

Looks similar, but RSI is way lower so the move down will be smaller, IMHO. Were are already half way down on 4hr RSI and the price stays above 450. Unless something extraordinary happens, the price should not fall below 430 when RSI gets into oversold and bounce again. MACD can try to cross, revert and continue upwards.

RSI was pretty similar back then too. Just above 50 back then and few hours ago when it was operating.

seleme

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Duelbits.com

Quote from: jonoiv on April 06, 2014, 09:36:13 PM

Quote from: seleme on April 06, 2014, 09:05:42 PM

Quote from: jonoiv on April 06, 2014, 08:49:13 PM

Quote from: seleme on April 06, 2014, 08:43:15 PM

It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch! for real ? do you remember the time and date it was last seen?

March 31st/April 1st. Can't recall it was up after that, certainly not in this kind of 4-5 series.

looking at that 480 - 410 drop, the only similarity I can see between now, and then is the 4 hour MACD, they are at very similar stages. and about the same volume.

Maybe this is triggering the bot.

EDIT: 4 hour MACD

Hm, nice find... only thing is that it was about at same time CHina news came. If we could only find out if bot was around on 4hr MACD previous down cross.

aminorex

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Sine secretum non libertas

Quote from: octaft on April 06, 2014, 10:20:14 PM

Quote from: billyjoeallen on April 06, 2014, 10:04:47 PM

Quote from: octaft on April 06, 2014, 09:54:17 PM

Quote from: billyjoeallen on April 06, 2014, 09:43:48 PM

And the griping that rich people have disproportionate influence over your future is infantile. I'd rather have rich people with disproportionate influence than poor people. They are much worse.

If Ayn Rand had a dick, how far down your throat do you think it would be? 3 inches? 4? The whole goddamn 8?

I dunno. How far up your ass do you keep your copy of Das Kapital?

Can you breathe through your nose or do you have to take breaks?

Get a room, you two.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28400. (Read 26608292 times)