Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29331.

deadfi$h

full member

Activity: 125

Merit: 100

Quote from: MatTheCat on February 24, 2014, 05:00:54 PM

We have just had a break down from pennant formation on short term chart (generally bearish signal)........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

I jumped back in at $560 but pulled out just a minute ago in the low $530s.

I'll believe a break of $530 when I see it, then probably ride down towards $500 - $510 and load up. I don't think we'll see mid-400s unless we get full confirmation of GOX implosion and even then...

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: deadfi$h on February 24, 2014, 05:08:08 PM

True. I'm a fan of Bitfinex and make most of my trades there. I do get uncomfortable holding margin for any significant period of time there though because of the thin order book.

That drop to $100 on 2/10 would have cleaned me out if I was long with any significant margin.

I stopped feeling I could trust Bitfinex just shortly before the 10K USD and then the 100 USD fiasco.

But now I am back, I would never dare place a stop loss......just asking to have your arse farmed like a combine harvester doing this on that shark exchange.

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: Richy_T on February 24, 2014, 04:50:07 PM

Quote from: raid_n on February 24, 2014, 12:29:35 PM

[edit] and if you think that the official bitcoin protocol is lacking in quality then go do something about it and start coding!

I think there's quite a lot of people that don't realize that "shortcomings" in the Bitcoin protocol are often elegant (or not-so-elegant) solutions to issues that Bitcoin was created to solve.

Quote

The cottage was in turmoil, because not only did the wizards want to
follow the escapees, they also wanted to prevent each other from doing
so, and this led to several regrettable incidents. The most
spectacular, and certainly the most tragic, happened when one Seer
attempted to use his seven league boots without the proper sequence of
spells and preparations. Seven league boots, as has already been
intimated, are a tricky form of magic at best, and he remembered too
late that the utmost caution must be taken in using a means of
transport which, when all is said and done, relies for its
effectiveness on trying to put one foot twenty-one miles in front of
the other.

+100

deadfi$h

full member

Activity: 125

Merit: 100

Quote from: MatTheCat on February 24, 2014, 04:47:13 PM

Quote from: deadfi$h on February 24, 2014, 04:44:47 PM

Quote from: HairyMaclairy on February 24, 2014, 04:40:50 PM

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

According to bitcoinwisdom charts, BFX has more than half as much volume as BTSP.

BFX yesterday ~16,000
BSTP yesterday ~ 21,000

But knowhere near the same liquidity. Had the 10K whale picked on bitfinex he would have sent the market to double digits....which will be why he never chose Bitfinex.

True. I'm a fan of Bitfinex and make most of my trades there. I do get uncomfortable holding margin for any significant period of time there though because of the thin order book.

That drop to $100 on 2/10 would have cleaned me out if I was long with any significant margin.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: MatTheCat on February 24, 2014, 05:00:54 PM

Quote from: fonzie on February 24, 2014, 04:48:54 PM

[Activate gamble/kamikaze mode] shorts closed, goin long , closin between 568-608[/Activate gamble/kamikaze mode]

Wish me good luck Cheesy

Oooh.

U may want to reconsider that Fonzie.

We have just had a break down from pennant formation on short term chart........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

I know it´s batshit crazy, and i won´t leave the screen for a single minute. I had open shorts avg. sell price 630. Closed @ 550.
But i think we might see another short suckers rally. I´m the first one that get´s out and dumps double, if it should break down now Cheesy

Edit: I promise that all profits will be used for even more shortin , or sellin @Bitstamp. Wink

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: fonzie on February 24, 2014, 04:48:54 PM

[Activate gamble/kamikaze mode] shorts closed, goin long , closin between 568-608[/Activate gamble/kamikaze mode]

Wish me good luck Cheesy

Oooh.

U may want to reconsider that Fonzie.

We have just had a break down from pennant formation on short term chart (generally bearish signal)........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

we're back

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: raid_n on February 24, 2014, 12:29:35 PM

[edit] and if you think that the official bitcoin protocol is lacking in quality then go do something about it and start coding!

I think there's quite a lot of people that don't realize that "shortcomings" in the Bitcoin protocol are often elegant (or not-so-elegant) solutions to issues that Bitcoin was created to solve.

Quote

The cottage was in turmoil, because not only did the wizards want to
follow the escapees, they also wanted to prevent each other from doing
so, and this led to several regrettable incidents. The most
spectacular, and certainly the most tragic, happened when one Seer
attempted to use his seven league boots without the proper sequence of
spells and preparations. Seven league boots, as has already been
intimated, are a tricky form of magic at best, and he remembered too
late that the utmost caution must be taken in using a means of
transport which, when all is said and done, relies for its
effectiveness on trying to put one foot twenty-one miles in front of
the other.

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

Any reason for this low stamp price? The 10k dump? Or why?

fonzie

hero member

Activity: 504

Merit: 500

Moderator

[Activate gamble/kamikaze mode] shorts closed, goin long , closin between 568-608[/Activate gamble/kamikaze mode]

Wish me good luck Cheesy

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: deadfi$h on February 24, 2014, 04:44:47 PM

Quote from: HairyMaclairy on February 24, 2014, 04:40:50 PM

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

According to bitcoinwisdom charts, BFX has more than half as much volume as BTSP.

BFX yesterday ~16,000
BSTP yesterday ~ 21,000

You are correct, that was plan from the begining. But you must know that bitfinex helped bitstamp to grow pretty much and get serious money on order book.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: deadfi$h on February 24, 2014, 04:44:47 PM

Quote from: HairyMaclairy on February 24, 2014, 04:40:50 PM

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

According to bitcoinwisdom charts, BFX has more than half as much volume as BTSP.

BFX yesterday ~16,000
BSTP yesterday ~ 21,000

But knowhere near the same liquidity. Had the 10K whale picked on bitfinex he would have sent the market to double digits....which will be why he never chose Bitfinex.

bassclef

hero member

Activity: 924

Merit: 1000

Listening to Beethoven 7, seems fitting.

Support @ 530.

magicmexican

hero member

Activity: 812

Merit: 1000

stamp

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: JorgeStolfi on February 24, 2014, 04:37:02 PM

Warning: if you find the Chinese Slumber Stuff annoying, be sure to skip my last two posts.

Your warning is better late than never.

deadfi$h

full member

Activity: 125

Merit: 100

Quote from: HairyMaclairy on February 24, 2014, 04:40:50 PM

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

According to bitcoinwisdom charts, BFX has more than half as much volume as BTSP.

BFX yesterday ~16,000
BSTP yesterday ~ 21,000

MatTheCat

hero member

Activity: 840

Merit: 1000

And here comes the breakdown from pennant....

...look out below!

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: HairyMaclairy on February 24, 2014, 03:58:22 PM

Quote from: empowering on February 24, 2014, 03:26:12 PM

Quote from: Aido on February 24, 2014, 03:17:34 PM

Kinda off topic and old news but I'll just leave this here:

First step in raiding Europe's private savings

Yeah posted the rotters link here a few day back... quite a read... and bullish for crypto imo

Sounds like a quote taken out of context. It is pretty normal for infrastructure to be funded by pension funds who then obtain a long run return in excess of government bonds. You buy a tunnel that has 100,000 cars go through it per day @ $2 each = $200k per day. As long as the pension fund does not pay too much (which is always the trick) then they are golden.

The original - http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Do you think the API has been cut again?

That could cause yet another trading halt on BFX during big moves. Screw this I'm moving some liquidity to BSP even if I have to take a 2% haircut. I'm not going to be sidelined during the next storm like last time.

deadfi$h

full member

Activity: 125

Merit: 100

Quote from: HairyMaclairy on February 24, 2014, 04:34:56 PM

Quote from: aminorex on February 24, 2014, 04:30:28 PM

Quote from: MoreFun on February 24, 2014, 04:22:59 PM

I am not sure if they still use bitstamp, they have quite a lot of volume and large orderbook themself. Can't find the routing option also for trading and no bitstamp section on fees page anymore.

They use bitstamp when they have liquidity at bitstamp, not otherwise. The routing was made transparent a few weeks ago.

Can you please expand on the statement "when they have liquidity at Bitstamp". Thanks

Yeah, this is interesting. I don't think any orders have been going through Stamp for the last few days at least. They've been diverging by about $10 for all of this most recent downtrend.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29331. (Read 26656718 times)