Bitcoin Forum

Economy => Speculation => Topic started by: Minsc on September 07, 2011, 03:19:46 AM



Title: Doesn't it follow this pattern?
Post by: Minsc on September 07, 2011, 03:19:46 AM
1) It stagnates for a long time, unable to climb.
2) Then it falls.
3) Suddenly without warning, a huge amount of coins are bought.
4) The price soars
5) The price stops increasing
6) Go back to one.

Am I right?


Title: Re: Doesn't it follow this pattern?
Post by: RyNinDaCleM on September 07, 2011, 03:39:53 AM
That's what I've been observing for weeks now! I've been playin' it like the girl down the street...

opps! Did I just type that out loud?


Title: Re: Doesn't it follow this pattern?
Post by: Minsc on September 07, 2011, 03:44:22 AM
But how do you know when it's about done falling and some big buyer is going to jump in by surprise?


Title: Re: Doesn't it follow this pattern?
Post by: RyNinDaCleM on September 07, 2011, 04:16:25 AM
Like I said...I've been watching for some time, and there are a couple different patterns that I look for!

One when it's up and down only $.08 or so, drawing the sellers down, essentially thinning them out. I stick my buy in front, buy and try to get a sell order in about $.25-.40 up before the spike, and repeat!

Really, it's a lot of watching goxlive! Making good guesses, based on what I perceive. If you note the patterns throughout the day, you'll begin to see how they operate! I think it's a bot personally! When it spikes, it's nearly instantly corrected!

YMMV!

Edit:
The last 36hrs or so has been a little tricky! It's been too erratic to be a bot!



Title: Re: Doesn't it follow this pattern?
Post by: Yuvea on September 07, 2011, 03:18:21 PM


Edit:
The last 36hrs or so has been a little tricky! It's been too erratic to be a bot!



i.e. "I have no clue and should stop posting"

thanks for getting there on your own.


Title: Re: Doesn't it follow this pattern?
Post by: Jixtreme on September 07, 2011, 03:25:31 PM
I've been playin' it like the girl down the street...

That's my sister, you jackass.