Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31988.

haightst

newbie

Activity: 42

Merit: 0

Quote from: gandhibt on November 16, 2013, 07:14:44 PM

Quote from: theonewhowaskazu on November 16, 2013, 07:09:14 PM

To be perfectly honest I'm fairly sure a simple trend/momentum strategy will work better here than any of this fibo/elliot shiz.

This. Think your strategy, backtest it and then if its good, trade it. Don't try to predict, try to adapt.

~don't "TRY"! ../\just make it happen! Grin

gandhibt

full member

Activity: 238

Merit: 100

Quote from: theonewhowaskazu on November 16, 2013, 07:09:14 PM

To be perfectly honest I'm fairly sure a simple trend/momentum strategy will work better here than any of this fibo/elliot shiz.

This. Think your strategy, backtest it and then if its good, trade it. Don't try to predict, try to adapt.

Love_and_Squalor

newbie

Activity: 36

Merit: 0

Quote from: CoinDox on November 16, 2013, 07:05:39 PM

Quote from: Love_and_Squalor on November 16, 2013, 06:58:19 PM

Quote from: ShroomsKit on November 16, 2013, 06:49:33 PM

Quote from: Love_and_Squalor on November 16, 2013, 06:46:11 PM

http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprise

technical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.

Note

I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance

You are actually serious with this stuff? I mean you actually believe it?

its just a way to make educated guesses based on probabilities. it has to be combined with money management as well to be effective. Is it really that absurd though?

To be honest technical analysis with proper money management yields returns yes - but a Bot can easily do that for you if on back-tests it effectively. With pure technicals, no true knowledge is gained about the underlying forces involved - the drivers of the prices and the delicate balance of the public's sentiment, big holders book's, and BTC's underlying fundamentals.

most bots use indicators to make entry and exit points, they're using technical analysis as well

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

To be perfectly honest I'm fairly sure a simple trend/momentum strategy will work better here than any of this fibo/elliot shiz.

CoinDox

full member

Activity: 192

Merit: 100

Quote from: Love_and_Squalor on November 16, 2013, 06:58:19 PM

Quote from: ShroomsKit on November 16, 2013, 06:49:33 PM

Quote from: Love_and_Squalor on November 16, 2013, 06:46:11 PM

http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprise

technical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.

Note

I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance

You are actually serious with this stuff? I mean you actually believe it?

its just a way to make educated guesses based on probabilities. it has to be combined with money management as well to be effective. Is it really that absurd though?

To be honest technical analysis with proper money management yields returns yes - but a Bot can easily do that for you if you back-tests it effectively. With pure technicals, no true knowledge is gained about the underlying forces involved - the drivers of the prices and the delicate balance of the public's sentiment, big holders book's, and BTC's underlying fundamentals.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

CoinDox

full member

Activity: 192

Merit: 100

Quote from: ShroomsKit on November 16, 2013, 06:49:33 PM

Quote from: Love_and_Squalor on November 16, 2013, 06:46:11 PM

http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprise

technical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.

Note

I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance

You are actually serious with this stuff? I mean you actually believe it?

Hey man, leave him alone, he just likes to draw don't you see?!

Love_and_Squalor

newbie

Activity: 36

Merit: 0

Quote from: ShroomsKit on November 16, 2013, 06:49:33 PM

Quote from: Love_and_Squalor on November 16, 2013, 06:46:11 PM

http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprise

technical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.

Note

I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance

You are actually serious with this stuff? I mean you actually believe it?

its just a way to make educated guesses based on probabilities. it has to be combined with money management as well to be effective. Is it really that absurd though?

ardana123

hero member

Activity: 504

Merit: 500

Anyone think there might be some selling in preparation of Monday's hearings?

haightst

newbie

Activity: 42

Merit: 0

Quote from: InwardContour on November 16, 2013, 04:35:07 PM

what is this talk about changing passwords on bitstamp accounts? looking up info on the people who run it? what's going on over there? Huh

i haven't had any funds on there in little while.

http://en.wikipedia.org/wiki/Professor_Moriarty

Grin

LOL !

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Love_and_Squalor on November 16, 2013, 06:46:11 PM

http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprise

technical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.

Note

I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance

You are actually serious with this stuff? I mean you actually believe it?

Rupture

full member

Activity: 182

Merit: 100

Ugh it's crawling slowly towards 500

Love_and_Squalor

newbie

Activity: 36

Merit: 0

http://www.mql5.com/en/charts/1048012/btcusd-h1-distel-enterprise

technical analysis and forecast for next week. we've been trading within an ascending channel as indicated by the pink lines. I expect price to stay within the channel from now until early Monday morning, so trades may be placed accordingly using the top and bottom as exit and entry points with expected gains around $30 per BTC. The yellow lines correspond to a hidden divergence pattern which indicates the the trend will continue upward thus I expect the market to remain bullish. Even with reduced volume during the weekend price still remained bullish, as indicated by the ascending channel. I expect R1 to turn into a support level although i accept that price may dip to S1,S2, or,S3. one could place buy orders at these levels and adjust risk and reward as necessary. If price moves below S3 I would not feel comfortable placing buy orders and would wait for the price to level out. Finally I expect price to move upward similar to last week with gains in the $100-$200 range.

Note

I do however expect significant resistance at the $500 and $600 levels. If things remain bullish at these levels there might be opportunities to trade as price bounces off the resistance

notme

legendary

Activity: 1904

Merit: 1002

Quote from: accord01 on November 16, 2013, 05:47:59 PM

Quote from: ?? on ??

Quote from: accord01 on November 16, 2013, 05:27:48 PM

might as well ask on here: how do you verify (?pgp key) that the bitcoin qt is legit from bitcoin.org ?

http://bitcoin.org/en/download

notice the .exe is 9mb but in actuality it is 11.1 mb.... did someone alter it?

sirus runs that site, i doubt something odd is going on. (unless hacked)

either way it is unprofessional to state a file is 9 mb and it is actually 11.1mb. especially to a new user that is getting to know bitcoins

And whining about it in the Speculation subforum will get you nowhere.

File an issue here: https://github.com/bitcoin/bitcoin.org/issues

accord01

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Quote from: accord01 on November 16, 2013, 05:27:48 PM

might as well ask on here: how do you verify (?pgp key) that the bitcoin qt is legit from bitcoin.org ?

http://bitcoin.org/en/download

notice the .exe is 9mb but in actuality it is 11.1 mb.... did someone alter it?

sirus runs that site, i doubt something odd is going on. (unless hacked)

either way it is unprofessional to state a file is 9 mb and it is actually 11.1mb. especially to a new user that is getting to know bitcoins

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: ?? on ??

the working class is buying in china and they have free time on the weekends.

Any evidence to support that hypothesis or is that just made up because "It might probably be true" ?

Odrec

member

Activity: 112

Merit: 10

We're on the weekend don't we? shouldn't we be going down?

accord01

full member

Activity: 238

Merit: 100

might as well ask on here: how do you verify (?pgp key) that the bitcoin qt is legit from bitcoin.org ?

http://bitcoin.org/en/download

notice the .exe is 9mb but in actuality it is 11.1 mb.... did someone alter it?

Wekkel

legendary

Activity: 3122

Merit: 1538