15.april coming soon
http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28447. (Read 26710732 times)
April 06, 2014, 02:33:20 PM
April 06, 2014, 02:31:31 PM
It's been bouncing off that line since 12th Dec.
...there is strong resistance on this line.
...there is strong resistance on this line.
There is a classical TA rationale for establishing horizontal support/resistance levels where the price touches from both sides repeatedly. There is no rationale evident for establishing a descending (or ascending) support/resistance level where the price touches from both sides repeatedly. If you have such a rationale, please do share it. It would quite an innovation in technical analysis.
http://www.investopedia.com/articles/trading/06/supportresistancereversal.asp
You will please notice that all of their examples are either horizontal levels (touched from both sides) or diagonal levels (touched from one side). The rationales in the horizontal and the diagonal cases are different. The rationale in the horizontal case gains support by reversals from either direction. The rationale in the diagonal case does not.
maybe you need some glasses!
Me too, I guess
There's one example of a diagonal, and the only repeated tests are on the support side - resistance is only tested once. What am I missing? 
April 06, 2014, 02:29:09 PM
It's been bouncing off that line since 12th Dec.
...there is strong resistance on this line.
...there is strong resistance on this line.
There is a classical TA rationale for establishing horizontal support/resistance levels where the price touches from both sides repeatedly. There is no rationale evident for establishing a descending (or ascending) support/resistance level where the price touches from both sides repeatedly. If you have such a rationale, please do share it. It would quite an innovation in technical analysis.
http://www.investopedia.com/articles/trading/06/supportresistancereversal.asp
You will please notice that all of their examples are either horizontal levels (touched from both sides) or diagonal levels (touched from one side). The rationales in the horizontal and the diagonal cases are different. The rationale in the horizontal case gains support by reversals from either direction. The rationale in the diagonal case does not.
maybe you need some glasses!
April 06, 2014, 02:27:25 PM
Volume is nonexistent.
The market makers are sleeping. It's middle of the night in their timezone...
April 06, 2014, 02:25:43 PM
It's been bouncing off that line since 12th Dec.
...there is strong resistance on this line.
...there is strong resistance on this line.
There is a classical TA rationale for establishing horizontal support/resistance levels where the price touches from both sides repeatedly. There is no rationale evident for establishing a descending (or ascending) support/resistance level where the price touches from both sides repeatedly. If you have such a rationale, please do share it. It would quite an innovation in technical analysis.
http://www.investopedia.com/articles/trading/06/supportresistancereversal.asp
You will please notice that all of their examples are either horizontal levels (touched from both sides) or diagonal levels (touched from one side). The rationales in the horizontal and the diagonal cases are different. The rationale in the horizontal case gains support by reversals from either direction. The rationale in the diagonal case does not.
April 06, 2014, 02:22:21 PM
It's been bouncing off that line since 12th Dec.
...there is strong resistance on this line.
...there is strong resistance on this line.
There is a classical TA rationale for establishing horizontal support/resistance levels where the price touches from both sides repeatedly. There is no rationale evident for establishing a descending (or ascending) support/resistance level where the price touches from both sides repeatedly. If you have such a rationale, please do share it. It would quite an innovation in technical analysis.
http://www.investopedia.com/articles/trading/06/supportresistancereversal.asp
April 06, 2014, 02:21:57 PM
Bobby Lee, BTC-China CEO, says that most of the Chinese volume is faked.
It likely is. That is why I look at how it is trending not what the absolute numbers are.
April 06, 2014, 02:20:45 PM
Volume is nonexistent.
April 06, 2014, 02:19:25 PM
Rpiella sounding statement, true none the less
rpietila statements are among the most reliable guides for the perplexed seeking to profit from btc prices. they do require patience.
I would recommend the perplexed not trade before I recommend they take advice from some random on the internet.
April 06, 2014, 02:14:03 PM
Descending bounds back to 26 Mar have now been broken (reset).
April 06, 2014, 02:12:58 PM
It's been bouncing off that line since 12th Dec.
...there is strong resistance on this line.
...there is strong resistance on this line.
There is a classical TA rationale for establishing horizontal support/resistance levels where the price touches from both sides repeatedly. There is no rationale evident for establishing a descending (or ascending) support/resistance level where the price touches from both sides repeatedly. If you have such a rationale, please do share it. It would quite an innovation in technical analysis.
April 06, 2014, 02:11:26 PM
The volume on stamp is tiny. it's not big on btc-e.
Like it or not Huobi and Chinese exchanges are dictating the price movements. There are plenty that don't want to sleep on BTC. it's 21:37 in China as i write. As others have pointed out it's a national holiday.
I think there is about a 3 hour window before a bigger dump starts.
Just my opinion...
Like it or not Huobi and Chinese exchanges are dictating the price movements. There are plenty that don't want to sleep on BTC. it's 21:37 in China as i write. As others have pointed out it's a national holiday.
I think there is about a 3 hour window before a bigger dump starts.
Just my opinion...
Bobby Lee, BTC-China CEO, says that most of the Chinese volume is faked.
April 06, 2014, 02:10:18 PM
Hello all, long time without posting here. Are the bears gone finally? Time for bulls to show up?
I'm feeling a little bullish...
I'm feeling a little bullish...
sure, but the bull at the moment appears to be rather unhealthy thin
April 06, 2014, 02:07:53 PM
Comparing 1D volume trends Huobi vs Stamp, it looks like this rally is, once more, Chinese led.
April 06, 2014, 02:07:29 PM
Care to explain the logic you used to lay those lines?
that really made me lol.
Edit. It's been bouncing off that line since 12th Dec.
It's only been above it only once for any sustained period, after the Gox made the bankrupt statement. the price rested on it before dropping under it again after the next "China Ban" news.
As you will notice, it's there again but fails to get through it. Im not saying it won't break it again, but there is strong resistance on this line.
If it breaks this line, you will see a strong bullish surge. like wise if it fails, then, there will be another sell off. (small or big)
April 06, 2014, 02:07:03 PM
Rpiella sounding statement, true none the less
rpietila statements are among the most reliable guides for the perplexed seeking to profit from btc prices. they do require patience.
April 06, 2014, 02:03:12 PM
Hello all, long time without posting here. Are the bears gone finally? Time for bulls to show up?
I'm feeling a little bullish...
I'm feeling a little bullish...
Quite the opposite, some of our most hardened bulls have turned bearish at the strangest of time.
April 06, 2014, 01:56:45 PM
Martingalers lose their entire stash all the time on just-dice.com. I'm not sure what the record is for losing 50/50 bets in a row, but it is something very high like 15+.
must be more
go in the casino and u have about 0.003% chance to lose 15 in a row and thats not a very small chance
April 06, 2014, 01:50:37 PM
Martingalers lose their entire stash all the time on just-dice.com. I'm not sure what the record is for losing 50/50 bets in a row, but it is something very high like 15+.
April 06, 2014, 01:49:32 PM
Care to explain the logic you used to lay those lines?
that really made me lol.
Edit. It's been bouncing off that line since 12th Dec.
It's only been above it only once for any sustained period, after the Gox made the bankrupt statement. the price rested on it before dropping under it again after the next "China Ban" news.
As you will notice, it's there again but fails to get through it. Im not saying it won't break it again, but there is strong resistance on this line.
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