Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28817.

RicePicker

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RicePicker

Quote from: TERA on March 19, 2014, 04:46:28 AM

i have a macd/ema strategy with ltc daytrading where i buy on a certain ema on downspikes which should be safe as a support until the corresponding macd goes down. once that macd goes down then the support is no longer valid and i move to the next longer chart to use its ema as support. this works most of the time. however today it just kept going down, and down, and down, without the corresponding macds going down first.

That probably would work on a rational market, but when buying and selling is occurring irrational because of much BS you will lose trying to use technicals.

TERA

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i have a macd/ema strategy with ltc daytrading where i buy on a certain ema on downspikes which should be safe as a support until the corresponding macd goes down. once that macd goes down then the support is no longer valid and i move to the next longer chart to use its ema as support. this works most of the time. however today it just kept going down, and down, and down, without the corresponding macds going down first.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: billyjoeallen on March 19, 2014, 04:39:04 AM

Quote from: mmitech on March 19, 2014, 04:14:24 AM

Quote from: TERA on March 19, 2014, 03:49:35 AM

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

wasn't this expected ? this is only the short term reaction, lets see what will happen the next couple of months

I didn't sell a single LTC, I saw this coming but I am playing the longer term

If you expected a pump and dump, then why didn't you sell near the top and re-buy to increase your holdings?

I did answer this question, I am not taking short term profits on this, I am playing the mid-term, in other words see what will happen after a couple of months.

I would say it is a buy signal for the next fewcouple of days, pigs will always lose, they are the one panicking now Wink

dreamspark

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Activity: 798

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Just a bit of manipulation within LTC shaking the weak hands out etc, all the normal things we say about BTC after a massive run up. Meanwhile we're back to super low volume BTC market but with alot less support either side.

billyjoeallen

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Activity: 1106

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Hide your women

Quote from: mmitech on March 19, 2014, 04:14:24 AM

Quote from: TERA on March 19, 2014, 03:49:35 AM

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

wasn't this expected ? this is only the short term reaction, lets see what will happen the next couple of months

I didn't sell a single LTC, I saw this coming but I am playing the longer term

If you expected a pump and dump, then why didn't you sell near the top and re-buy to increase your holdings?

droptable

sr. member

Activity: 363

Merit: 250

Quote from: JayJuanGee on March 19, 2014, 03:52:58 AM

Quote from: rpietila on March 19, 2014, 03:40:13 AM

Quote from: JayJuanGee on March 19, 2014, 03:34:23 AM

First of all, you seem to have some difficulties understanding basic principles and that is we grow up as a product of culture and communities, and some communities are stronger than others. If for some reason, instead of watching bugs bunny, you grew up watching fox news, then you may need to be educated into social norms... b/c they taught you badly.

Some jokes are just not funny.

That is NOT a joke.. its an assertion that relying on bad information sources is going to be problematic for socializing people to accept varying viewpoints.

+1

chessnut

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Activity: 924

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It is sooo quiet on BTCe, bitstamp, bitfinex and even huobi. I wonder why?

threecats

sr. member

Activity: 378

Merit: 250

Yea, but it was rereleased today in Singapore for some reason. Just wondering.

freebit13

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Activity: 616

Merit: 500

I got Satoshi's avatar!

South Africa is trying it's hardest to provide an alternative form of government... perhaps bitcoin will play a big role in it's future: http://www.ubuntuparty.org.za/

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: threecats on March 19, 2014, 04:29:00 AM

http://www.bloomberg.com/news/2013-09-26/secondmarket-starts-first-u-s-trust-for-bitcoin-virtual-money.html

Is this press release new news or old news?

Look at the date.

billyjoeallen

legendary

Activity: 1106

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Hide your women

The funny thing is JJG and I both disagree with the generally held view that monopoly government is a necessary evil. The difference is that he claims it's not evil and I claim it's not necessary.

threecats

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http://www.bloomberg.com/news/2013-09-26/secondmarket-starts-first-u-s-trust-for-bitcoin-virtual-money.html

Is this press release new news or old news?

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: JayJuanGee on March 19, 2014, 03:34:23 AM

If for some reason, instead of watching bugs bunny, you grew up watching fox news, then you may need to be educated into social norms... b/c they taught you badly.

I don't watch Fox News, but I also don't see them as any more biased than CBS, ABC, NBC, or CNN. They may be biased differently, but not more. They all suck.

Quote

Second, I am paying attention to what I am typing, and their has been a certain level of frustration in that you have this tendency to continue to want to engage in a conversation in which we have repeated ourselves numerous times. Can we just agree to disagree and move on, rather than your wanting to continue... ... So I my be expressing some frustration in continuing what seems to be a repetitive conversation.

You are advocating coercion. It may be common, widely accepted, perceived as necessary for the greater good, called something else, etc- but it's still coercion. Why can't we agree to disagree about raping your sister and move on? Consent is the central issue. I'm not going to agree to disagree about using/threatening violence to violate people's consent.

koryu

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Activity: 681

Merit: 507

Quote from: TERA on March 19, 2014, 03:58:09 AM

Quote from: jl2012 on March 19, 2014, 03:54:31 AM

Quote from: TERA on March 19, 2014, 03:49:35 AM

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

see the news

what news?

what exactly to you mean with tanking? atm we see just pump and dump as expected.

but many people are bullish on ltc in mid term because scrypt asics will increase the production cost of ltc. https://www.mining-asics-technologies.com/product/excalibur-3-asic-scrypt-miner-200-mhs/

my calculation is that production cost of ltc will be 30$+. And Satoshi told us "The price of any commodity tends to gravitate toward the production cost.".
litecoin is going to stabilize its position as the king of the altcoins.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: TERA on March 19, 2014, 03:49:35 AM

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

wasn't this expected ? this is only the short term reaction, lets see what will happen the next couple of months

I didn't sell a single LTC, I saw this coming but I am playing the longer term

ShroomsKit_Disgrace

legendary

Activity: 952

Merit: 1000

Yeah! I hate ShroomsKit!

Quote from: TERA on March 19, 2014, 03:58:09 AM

Quote from: jl2012 on March 19, 2014, 03:54:31 AM

Quote from: TERA on March 19, 2014, 03:49:35 AM

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

sELL the news

what news?

FTFY

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

TERA

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Activity: 728

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Quote from: jl2012 on March 19, 2014, 03:54:31 AM

Quote from: TERA on March 19, 2014, 03:49:35 AM

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

see the news

what news?

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: TERA on March 19, 2014, 03:49:35 AM

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

see the news

JayJuanGee

legendary

Activity: 3948

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

Quote from: rpietila on March 19, 2014, 03:40:13 AM

Quote from: JayJuanGee on March 19, 2014, 03:34:23 AM

First of all, you seem to have some difficulties understanding basic principles and that is we grow up as a product of culture and communities, and some communities are stronger than others. If for some reason, instead of watching bugs bunny, you grew up watching fox news, then you may need to be educated into social norms... b/c they taught you badly.

Some jokes are just not funny.

That is NOT a joke.. its an assertion that relying on bad information sources is going to be problematic for socializing people to accept varying viewpoints.

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