thank you
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32959. (Read 26609641 times)
July 11, 2013, 03:36:07 PM
July 11, 2013, 03:10:03 PM
Or milk,
You know where milk comes from, right? You know what those animals are fed, right? You know how much oil is used to support the growth of those crops, right? Then you know how all that stuff is moved around, right?
Dollars?
July 11, 2013, 03:08:47 PM
July 11, 2013, 02:52:08 PM
Or milk,
You know where milk comes from, right? You know what those animals are fed, right? You know how much oil is used to support the growth of those crops, right? Then you know how all that stuff is moved around, right?
July 11, 2013, 02:49:34 PM
If it wasn't for days like yesterday on MtGox, i'd have to dig deeper for proof of the opposite. But, in all seriousness, while the rich have a definite edge in finance [ 
], the advantage only grows with deflationary currency [textbook stuff here]. BTW, my question was much shallower & simpler: If wealth tends to disperse in Bitcoin economy, and I'm looking to get rich (be a node of wealth concentration), it seems to follow that backing Bitcoin is not in my best interest. I think.
But, in all seriousness, while the rich have a definite edge in finance [ ], the advantage only grows with deflationary currency [textbook stuff here]. BTW, my question was much shallower & simpler: If wealth tends to disperse in Bitcoin economy, and I'm looking to get rich (be a node of wealth concentration), it seems to follow that backing Bitcoin is not in my best interest. I think.Here's where the rich have the edge: You put $10 in your wallet tonight, in the morning, it's worth $9 cause the government has printed up a bunch of cash and given it to their rich banker friends. Bitcoin works against that.
July 11, 2013, 02:10:20 PM
I think this is fairly valid. The top line is easy to form and quite obvious. To create the channel I tried to be a bit fair.
If we break out of the channel (Just below 100 by eying it) then I might enter, but lets see how this plays out.
The bottom of the channel, I'm guessing (eying) is around 55 ish. (Next bounce level if we move down?)
ps - Thanks Loozik! Great site, actually was playing with it before (love the comments) and didn't notice the drawing tools.
If we break out of the channel (Just below 100 by eying it) then I might enter, but lets see how this plays out.
The bottom of the channel, I'm guessing (eying) is around 55 ish. (Next bounce level if we move down?)
ps - Thanks Loozik! Great site, actually was playing with it before (love the comments) and didn't notice the drawing tools.
July 11, 2013, 02:07:50 PM
How did you create that triangle?
Conditionally, on the price making FIRST a higher high of at least 88.
If I had some drawing tools I'd do it
Now you have the tools: https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD#
July 11, 2013, 02:04:17 PM
Why do you think it will be bullish ?
Because we had been bottoming for a few days. All previous rallies did not have a proper prior bottoming to be sustained.
The price went very fast, so couldn't we have a drop, even temporary ?
It temporarily dropped from 90 to 85.
The picture is the so called triangle. It is bookish TA that never works at a satisfactory probability, so you can ignore the picture
July 11, 2013, 01:58:52 PM
I am not using TA from books in my trading, but looks like one of your bookish TA patterns might emerge (if the price goes above 88 first, then it will make a low at 84.84 or slightly lower, and then it will go above the so called triangle).
How did you create that triangle? The only points touching the triangle are the first two points, one above and one below???
If I had some drawing tools I'd do it, but you have to go farther back. Also, you can see the range if you draw a lower and upper channel.
July 11, 2013, 01:57:51 PM
I am not using TA from books in my trading, but looks like one of your bookish TA patterns might emerge (if the price goes above 88 first, then it will make a low at 84.84 or slightly lower, and then it will go above the so called triangle).
Why do you think it will be bullish ? I have no idea about the direction but the price went up very fast, is't a possibility to have a drop, even temporary ?
July 11, 2013, 01:40:19 PM
I am not using TA from books in my trading, but looks like one of your bookish TA patterns might emerge (if the price goes above 88 first, then it will make a low at 84.84 or slightly lower, and then it will go above the so called triangle).
July 11, 2013, 01:40:09 PM
Like that:
July 11, 2013, 01:38:51 PM
Yes... not very a big deal is it? 
I really appreciate when others do this. It makes it more readable for everyone.
I really appreciate when others do this. It makes it more readable for everyone.
I really missed this feature and I'm happy to know about it now.
Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.
Can you explain this more fully? I don't exactly understand the "wrapping" part...
July 11, 2013, 01:33:03 PM
Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.
This should have its own button IMO.
July 11, 2013, 01:32:50 PM
Yes... not very a big deal is it?
I really appreciate when others do this. It makes it more readable for everyone.
I really appreciate when others do this. It makes it more readable for everyone.
I really missed this feature and I'm happy to know about it now.
Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.
I think ChartBuddy should be first.
July 11, 2013, 01:28:13 PM
Right..... because buying gold does not increase gold prices, thereby making gold mining more profitable, there increasing the amount of gold being mined, thereby consuming oil, extracting gold from the earth and doing cyanide leaching and shit. Oy vey indeed.
PS: I like gold as a monetary asset, but I would prefer it if there was no below-ground stock.
PS: I like gold as a monetary asset, but I would prefer it if there was no below-ground stock.
The gold i'm selling is 100% guaranteed to be stolen from senile octogenarians, never mined! Btw, you're theoretically right -- as long as the process of buying involves any amount of energy, be it as insignificant as a gesture to an auction spotter, spending does deplete finite resources by contributing toward entropy. But i like how far you've reached too.
July 11, 2013, 01:26:57 PM
Yes... not very a big deal is it?
I really appreciate when others do this. It makes it more readable for everyone.
I really appreciate when others do this. It makes it more readable for everyone.
I really missed this feature and I'm happy to know about it now.
Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.
July 11, 2013, 01:21:22 PM
Right..... because buying gold does not increase gold prices, thereby making gold mining more profitable, there increasing the amount of gold being mined, thereby consuming oil, extracting gold from the earth and doing cyanide leaching and shit. Oy vey indeed.
PS: I like gold as a monetary asset, but I would prefer it if there was no below-ground stock.
PS: I like gold as a monetary asset, but I would prefer it if there was no below-ground stock.
The gold i'm selling is 100% guaranteed to be stolen from senile octogenarians, never mined! Btw, you're theoretically right -- as long as the process of buying involves any amount of energy, be it as insignificant as a gesture to an auction spotter, spending does deplete finite resources by contributing toward entropy. But i like how far you've reached too.
July 11, 2013, 01:19:28 PM
Yes... not very a big deal is it?
I really appreciate when others do this. It makes it more readable for everyone.
I really appreciate when others do this. It makes it more readable for everyone.
July 11, 2013, 01:18:18 PM
I'd say the $97 - $100 area is key. If we can rally above that then we have broken the lower high downtrend. But as of now and as long as we stay below around the $100 area (technically our last lower high was around $110) we are still in a downtrend.
My money is on downtrend.
Taking profit for now, as even if $95-100 is broken in this epic bull trap, I would expect a pullback.
I was hoping to see the bearest of bears join us to complete the trap, but alas.
(Blitz, why didn't you join us?)
Great discovery = [IMG width=200] (Notice the image is smaller guys)
I love how it saves space but doesn't lose the point as you can still remember the original post. Others follow the lead.
You have to manually do this though?
Jump to: