I admire your bot, Richie!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33536. (Read 26461173 times)
May 04, 2013, 05:17:08 PM
What beats everything is starting a rally with your wrong order and gaining instead of losing out of pure luck.
I admire your bot, Richie!
I admire your bot, Richie!
May 04, 2013, 05:16:38 PM
I prefer to think that the strength of the resistance is important, but equally important is the move required to reach it. It is like marching armies to a battle. Sun Tzu writes:
You have a certain buying pressure, but if you want to conquer something that is 100 li (about 25%) away, no matter how weak it is, you will certainly fall. After such a move, sellers smell any sign of blood, and the 61% retracement is sure to happen. (This is pretty much my trading strategy: only sell after this move, because you cannot really lose)
If you need to advance 50 li (12.5%) and then demolish the wall, half of the buying pressure is already relieved, and likely the wall will hold. Even if it falls, the chances are great that the region will be revisited sooner or later.
After 30 li (7.5%) you have a mighty power to attack a wall, but even then, the victory is not sure.
Quote
Thus, if you order your men to roll up their buff-coats, and make forced marches without halting day or night, covering double the usual distance at a stretch, doing a hundred LI in order to wrest an advantage, the leaders of all your three divisions will fall into the hands of the enemy. The stronger men will be in front, the jaded ones will fall behind, and on this plan only one-tenth of your army will reach its destination.
If you march fifty LI in order to outmaneuver the enemy, you will lose the leader of your first division, and only half your force will reach the goal.
If you march thirty LI with the same object, two-thirds of your army will arrive.
If you march fifty LI in order to outmaneuver the enemy, you will lose the leader of your first division, and only half your force will reach the goal.
If you march thirty LI with the same object, two-thirds of your army will arrive.
You have a certain buying pressure, but if you want to conquer something that is 100 li (about 25%) away, no matter how weak it is, you will certainly fall. After such a move, sellers smell any sign of blood, and the 61% retracement is sure to happen. (This is pretty much my trading strategy: only sell after this move, because you cannot really lose)
If you need to advance 50 li (12.5%) and then demolish the wall, half of the buying pressure is already relieved, and likely the wall will hold. Even if it falls, the chances are great that the region will be revisited sooner or later.
After 30 li (7.5%) you have a mighty power to attack a wall, but even then, the victory is not sure.
good point ...
May 04, 2013, 05:14:15 PM
So... that's exactly like every other market then.
Kinda, yeah, though I think there's more emotions drivel trading at bitcoin market than others, most of other markets are professionals only, most of us here are pure amateurs...
The most interesting part is that huge majority don't even know what was the tune of that Chinese documentary, maybe it wasn't too positive at all, lol
May 04, 2013, 05:12:25 PM
I'm fairly sure that there's far more bids today by people who loved China news story than by Chinese themselves 
Bitcoiners don't need much incentive to stat buying or selling, just give them a news, fake one will do too and gox is banking on fees
Bitcoiners don't need much incentive to stat buying or selling, just give them a news, fake one will do too and gox is banking on fees
bingo
May 04, 2013, 05:11:32 PM
So... that's exactly like every other market then.
May 04, 2013, 05:10:33 PM
I'm fairly sure that there's far more bids today by people who loved China news story than by Chinese themselves
Bitcoiners don't need much incentive to stat buying or selling, just give them a news, fake one will do too and gox is banking on fees
Bitcoiners don't need much incentive to stat buying or selling, just give them a news, fake one will do too and gox is banking on fees
May 04, 2013, 05:10:10 PM
Some people asked for these. So go fetch your red-green glasses
Or red/cyan
Or put on your cinema3d specs (passive 3d monitor not included)
Or red/cyan
Or put on your cinema3d specs (passive 3d monitor not included)
May 04, 2013, 05:07:16 PM
I was very optimistic about China news, but then I visited this:
http://bitcoinity.org/markets/btcchina/CNY
I think it's an extremely low volume, it's possible that we are overreacting.
http://bitcoinity.org/markets/btcchina/CNY
I think it's an extremely low volume, it's possible that we are overreacting.
This is not an over reaction. You need to realize that this is a Chinese government sanctioned news outlet. Bitcoin would not be on CCTV if it was not 100% endorsed by the Chinese government.
Also btcchina was down for maintenance.
May 04, 2013, 05:06:00 PM
I was very optimistic about China news, but then I visited this:
http://bitcoinity.org/markets/btcchina/CNY
I think it's an extremely low volume, it's possible that we are overreacting.
http://bitcoinity.org/markets/btcchina/CNY
I think it's an extremely low volume, it's possible that we are overreacting.
This is not an over reaction. You need to realize that this is a Chinese government sanctioned news outlet. Bitcoin would not be on CCTV if it was not 100% endorsed by the Chinese government.
May 04, 2013, 05:05:22 PM
HAHAH someone just bought 345 up so they could sell 345 down, HAHAHA
Gox and their stupid interface, I've done it few times too.
Happened to me last week. Cost me almost $5k.
Uh, that's a lot... I'll be at least 10-15% better right now if I haven't made tons of such mistakes, wrong calculated fees, currency exchanges etc.. I usually play on safe when trading and I really rarely get burned there but that kind of mistakes had cost me a lot.
May 04, 2013, 05:01:48 PM
HAHAH someone just bought 345 up so they could sell 345 down, HAHAHA
Gox and their stupid interface, I've done it few times too.
May 04, 2013, 05:01:26 PM
Yeah that was weird...
At least MtGox is making money.
At least MtGox is making money.
May 04, 2013, 05:00:22 PM
HAHAH someone just bought 345 up so they could sell 345 down, HAHAHA
May 04, 2013, 04:55:54 PM
i'm sick and tired of taking abuse, but no praise. i hope you TA-naysayers who wrote off my analysis because it was 'obvious' that we were going straight to $50 buy at the top of this minibull.
You want to be praised? Haha, for what - seeing 10k wall and figuring out it won't get below it.see? you're still simply writing off my work. this is why i asked you not to comment, because your opinions are clear, and the sarcasm isn't necessary.
i ask for neither praise nor abuse. but one without the other is not honest.
I do, it's not some special work and I'm bored seeing you quoting yourself and linking to your posts whenever you remotely guess something, I just don't understand what's your pleasure in proving that you are (sometimes) right on the Internet. Give it a rest man, if you want to predict something, do it, you obviously enjoy in it but don't expect me to suck you because of it.
Trade your stuff, make money from it if you're such good analyst, predict stuff half arsely like we all do and stop taking your predictions and someone's else (in this case my) views of it personal. I just don't care what you think about your work and it's accuracy and I definitely don't care if you were right or wrong, specially not when you are highlighting only your rights and I'll comment it just like I comment anyone else, I don't find you as any kind of market analytic authority here, you can like it or not, it's up to you.
You don't mind quoting someone else when he is wrong about something pointing him to your smart post but you're crying when someone does it to you. Well, maybe it's time for you to learn that traffic goes in both directions mate.
May 04, 2013, 04:40:54 PM
Quote from: arepo
i ask for neither praise nor abuse. but one without the other is not honest.
I enjoy your analysis, aerpo. Ignore the critics--if you met some of these folks in person I am doubly sure you would not care about their opinion.
May 04, 2013, 04:18:07 PM
Someone triggered a market buy order for 4k coins when it was around 110. Brought the price all the way back up to 114.5 in the process.
Sucker or cut-loss? history will tell soon.
Sucker or cut-loss? history will tell soon.
May 04, 2013, 04:07:37 PM
This right now feels more 'weekend-ish' to me. What happened earlier today was kinda strange considering it's a Saturday. Now the price is just hovering pretty much and I'm guessing it will continue to do that until Sunday. (Although Monday is a bank holiday in Japan)
Btw. Big thanks to whoever just sent me 1mBTC, figured it must have been one of you guys here. Really means a lot to me. Will try to pass it on whenever I see some good posts.
EDIT: Right after I posted that another donation came in...100mBTC this time. I don't know who you are, but you're awesome man.
Like I said I'll pass it on.
Btw. Big thanks to whoever just sent me 1mBTC, figured it must have been one of you guys here. Really means a lot to me. Will try to pass it on whenever I see some good posts.
EDIT: Right after I posted that another donation came in...100mBTC this time. I don't know who you are, but you're awesome man.
Like I said I'll pass it on. 
May 04, 2013, 04:07:04 PM
i'm sick and tired of taking abuse, but no praise. i hope you TA-naysayers who wrote off my analysis because it was 'obvious' that we were going straight to $50 buy at the top of this minibull.
You want to be praised? Haha, for what - seeing 10k wall and figuring out it won't get below it.see? you're still simply writing off my work. this is why i asked you not to comment, because your opinions are clear, and the sarcasm isn't necessary.
i ask for neither praise nor abuse. but one without the other is not honest.
May 04, 2013, 04:00:29 PM
Stop worrying about if someone heard of something, worry about how you can use the damn thing. That's what matters.
Someone from Forbs is only using bitcoins to pay for stuff for one week.
May 04, 2013, 03:55:38 PM
I propose the 2nd retracement to 106 (instead of 111), otherwise I hardly make any money.
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