Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28859. (Read 26611321 times)

He is riding the train, but yes eating the rocket. Sorry for poor image quality, it is only MSPaint.

A dinosaur eating a rocket while being run over by a choo-choo.
Some mixed signals here.

Here's mine:

I'm beginning to change my opinion on TA. I have sold off my children and put the money into Bitcoin. I thank you.

I fixed it, should be accurate now. 

Explanation

Depends.. is this the chart for the company that owns NewsWeak?

I don't know much about coal vs. oil because any non-renewable is quickly going the way of the dinosaur. It seems next to pointless to look into it from my perspective. I got my EV because I thought it was cool, and for me it is. I love it. I enjoy driving by the gas pump without stopping. I enjoy the fact I haven't had maintenance since I bought it years ago because it needs no oil changes or filters, etc. I'm hoping if bitcoin gets up enough to add a solar array to the house and then I won't even need coal electricity. It would be a hard sell to convince me an EV running on the sun is less green than an ICE car running on gas.

Lots of talk of BTC taking off sometime in the near future and of LTC as well because of the Chinese exchange offering LTC....what about PPC?  Very little mention of it and the price is very low in relation to what it's been.

Total trade volume today (Fri Mar/14 00:00--23:59 UTC), on the exchanges that I monitor, was ~198 kBTC.  That is 35% more than yesterday's but still 25% less than last Friday (Mar/07).

Trade volume outside China was practically the same as yesterday (18 kBTC).  Exchange BTC-e (3.76 kBTC) lost 49% of its volume and slipped to third place, after Bitstamp (8.68, +28%) and Bitfinex (5.53, +67%).

Trade volume in China increased 39% (from 129 to 179 kBTC).  OKCoin led again, with 55% of that trade against 44% of Huobi,

China's slice of the total volume increased again from 88% to 91%.

Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


             !    Fri !    Sat !    Sun !    Mon !    Tue !    Wed !    Thu !    Fri !                     
  EXCHANGE   !  03/07 !  03/08 !  03/09 !  03/10 !  03/11 !  03/12 !  03/13 !  03/14 ! Currencies considered

  Bitstamp   |  21.45 |   9.70 |   9.12 |  13.40 |   9.17 |  12.70 |   6.73 |   8.68 | USD                 
  BitFinEx   |  17.23 |  10.97 |   8.29 |  11.60 |   3.63 |   7.29 |   3.31 |   5.53 | USD                 
  BTC-e      |  13.54 |   8.71 |   6.52 |   7.16 |   5.09 |   7.96 |   7.43 |   3.76 | USD,EUR,RUR         
  Kraken     |   1.20 |   0.55 |   0.64 |   0.57 |   0.45 |   0.56 |   0.40 |   0.48 | EUR                 
  Bitcoin.DE |   0.38 |   0.31 |   0.20 |   0.39 |   0.41 |   0.37 |   0.35 |   0.20 | EUR                 
  CaVirtEx   |   0.24 |   0.12 |   0.15 |   0.13 |   0.18 |   0.13 |   0.13 |   0.11 | CAD                 
  CampBX     |   0.07 |   0.03 |   0.02 |   0.05 |   0.06 |   0.04 |   0.03 |   0.06 | USD                 

  SUBTOTAL   |  54.11 |  30.39 |  24.94 |  33.30 |  18.99 |  29.05 |  18.38 |  18.82 |                     

  OKCoin     | 109.70 | 146.46 | 136.24 | 119.00 |  68.50 |  90.60 |  60.70 |  97.80 | CNY                 
  Huobi      |  96.37 | 119.46 | 103.51 |  95.10 |  55.00 |  77.90 |  65.40 |  78.40 | CNY                 
  BTC-China  |   4.87 |   5.08 |   4.24 |   3.34 |   3.11 |   3.16 |   2.89 |   2.97 | CNY                 
  Bter       |   0.32 |   0.28 |   0.21 |   0.27 |   0.34 |   0.49 |   0.26 |   0.19 | CNY                 

  SUBTOTAL   | 211.26 | 271.28 | 244.20 | 217.71 | 126.95 | 172.15 | 129.25 | 179.36 |                     

  TOTAL      | 265.37 | 301.67 | 269.14 | 251.01 | 145.94 | 201.20 | 147.63 | 198.18 |                     


All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

I'm not sure if logarithmic would be any better. I don't know from lines, but shouldn't you be picking your tops and bottoms from the same time frame, regardless of the scale?

BTW, I'm feeling like one more dip to the 450 range and then we will see some fireworks.

Wild guess on timeframes? <500 before the end of this month, >1000 by the end of April.

That line clearly shows a looming CCMF to the moon uptick: a double bottom cross with a side of bear trap showing billions in pent up demand for bitcoin to be triggered by the re-buy of lost MTGox coins.  It's definitely or bullish, or bearish - we won't know until you complete your homework and add the mandatory dinosaurs.

seems to form a perfect rising  wedge, to my untrained eyes of course.

Explanation

if you are drawing a support back into a previous year, then it can't be linear - it has to be logarithmic

Yes, because all fiat is on bids

None of my fiat is in bids right now, not much to be honest, I've bought lot of bitcoins last few days to start buying alts but bid sum means pretty much nothing if there is will to buy from "nowhere". Just as ask sum doesn't mean too if people gonna dump without putting asks.

Explanation

Please not 462 - under my average buy.

I will have to buy more!

Chinese Arbitrary Icon Slumber Method (non-)prediction for Saturday Mar/15

Huobi

The red and green strokes are actual Huobi hourly prices.  The blue square is the last prediction (see below), and the light blue-gray squares are the older ones.  The orange and grey dots are the Slumber Points, the mean Huobi prices at 19:00 UTC every day.  Each point is a Ruby (orange) if the hourly volume V_h for 19:00--19:59 UTC is less than 0.005 times the daily volume V_d 00:00--23:59 UTC; and is a Lignite (grey) otherwise. The grey lines are trends fitted a posteriori to the True Points.

Today (Mar/14) seems to be a Lignite (V_h/V_d ~ 849/90000 = 0.00943 > 0.005) and therefore should be ignored.  Since the previous Ruby was isolated and did not seem to continue some earlier trend, there is no point in giving a prediction today.  Huobi's traders will have to figure out the price by themselves.

Bitstamp

The red and green strokes are actual Bitstamp hourly prices.  The squares are previous predictions.  The dots and lines are Huobi's Slumber Points and trends scaled by the currency conversion factor R (6.40 for Feb/07--09, 6.00 for Mar/04--10, and 6.12 for all other dates).

Checking the previous prediction

Prediction was posted on: Friday 2014-03-14, 07:38 UTC
Prediction was valid for: Friday 2014-03-14, 19:00--19:59 UTC

Huobi's predicted price: 3918 CNY
Huobi's actual price (L+H)/2: 3821 CNY
Error: 97 CNY (~16 USD)

Bitstamp's predicted price: 645 USD
Bitstamp's actual price (L+H)/2: 631 USD
Error: 14 USD

NOTE: Admittedly minerals are not as exciting as dinosaurs.  For the next prediction I am considering tubers, staple guns, protozoa, gaskets, subatomic particles, or something like that.