Added another line.  Does it make any sense? Perfect thanks, upside down cups!  |
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Its happening all the time. Take any upward (or DOWNWARD!) movement and you will be able to identify those "Cup and handle" patterns everywhere. No take one of a big timeframe and zoom in, what do you see?
SPOILER:
You guessed it, its the same patterns all over again. If you zoom in further, you can still see the same patterns again and again, its called "self-similarity" in mathematics and magically has its representation in nature as wall as in chart analysis. When you look at downward movements the same pattern appears, only on its head (put the cup upside down).
Thankyou, I think I have just woken up!  |
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Could this be happening? Be interesting where the next week or two takes us for sure....   Thanks but your chart is over 4 days, the one I posted is over 5/6 months, while I am a total noob to charts I do believe they must be rendered on the same scale? |
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Could this be happening? Be interesting where the next week or two takes us for sure.... |
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Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?  A Bitcoin bounce |
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I bought in early January this year, also mined Litecoin and converted to BTC, when LTC/USD was around $5, Initially intended to hold BTC all the way, but since the crash/correction I have seen all the damn money being made and lost and decided to join the evolving ride while it lasts, I seem to be calling the bottom/tops quite well since and just keep topping up my coins, then again I'm watching it for 23 hours out of 24, Bitcoin isn't just simply a currency or store of wealth, it's slowly becoming a way of life  I only cash out to fiat enough to cover my LTC mining electricity costs. I have also started making small purchases with BTC and not on SR either, so I suppose some good has come of this crash in a roundabout way. A mate of mine bought in at $138 and he's still holding and buying more on the dips. |
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What The Flying Fuck? I bought a significant quantity at 50, did I just snipe the bottom? Normally my get in and out moments are far from ideal!
Nice catch , I'm watching tentatively for the GTFO moment though If we can hold passed 20.00UTC with a steady increase of buying volume over the previous bottom then this may well be a true double bounce, if not then a few heads will scalped as it passes $50  |
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I'm on clarkmoody watching lambs getting slaughtered  |
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I believe it's being creamed, drawing buyers in, letting it settle, and then skimming the top - whatever was bought from those large buy walls at 50's has already been dumped on the right!
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Lambs and slaughter springs to mind |
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....Errrrr Your move next  |
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Have you noticed that WTF moment when a mega dump as just happened its like.......Errrrr Your move next |
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I see a few really large buy orders going through now and then, anyone else see that?
Yup been watching it for 3 days I think I have seen them all go through...Some mega dumping going on though those buy walls are getting munched up big time :/ Still got my finger on the buy button though |
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This thread is such a goldmine and wealth of information. Thank you all who contribute! xD I suppose it might of helped if I pointed out that those bottoms were actually the 20.00 UTC dead cat bounces from the previous 2 days....The third was happening as I posted  |
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 It's gotta stop soon, hasn't it? |
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I feel walls are typically used to push the price in the opposite direction. Say the price is 100 and I want to buy some coins below that. I can put a nice big wall at ask 100.5 and then people coming in see the wall and thing that they won't be able to sell their coins if they put them behind the wall so they put them just in front, maybe 99.5 or whatever. Then I can snap up those coins at 99.5 and wait for the next punter to come along. If I am patient, I can get a lot more coins for my money than if I just bought since otherwise my buys would push the price up. As soon as my wall starts being eaten, I close it down or move it back, I absolutely am not intending to sell those coins at that price. This works in both directions.
I actually played with this a little back when bitcoin-24 was working. Managed to push the coins I wanted to sell up a whole $5 because every time I would raise the price on the ones I put up on the buy side, someone would jump in just a little bit higher. It's not without risk though.
Bottom line, do not trust the walls to mean much. They will evaporate in a heartbeat.
+1 I have been seeing this also and then when enough smaller BTC trades have gone through the buy or sells walls are removed, simply by watching these shenanigans I have so far been able to pick most bottoms and tops since the crash getting caught out just the once on a £45 sell £35 buy at the lowest bottom due to the damn gox-effect messing with my timing  , last night I had a small $85.08 buy (yes I trade both currencies) that was picked up going down and a $100.02 sell this morning going up. I'm slowly seeing both the high & lows get lower though, maybe we might see a move south when enough daily bottoms have been found and the tree is well & truly fully shook? - Although yesterday we were fighting for $100, today seems to be $96 :/ , considering all of the fiat was meant to hit the market today it's not really having much impression, maybe the bulls are all really bears deep down |
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@Nicksasa I have Pm'd you about this, as of yet no reply... What has happened to my automatic payment for 70 LTC? Please sort it.....No TXID available and a messed up date for the transaction?  |
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Yeah sorry, it's because nobody was mining on the eu server for a while and the mysql connection went dead ... Arrr so that explains that, or does it? I was mining on it for 24hrs and it just went dead, and wouldn't let me re-connect, so I ended up on the non eu server and all has been ok for 30+ hrs, is it safe to return to this eu server or.....? |
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I'm completely ignorant on how much this kind of stuff costs. How much would you "wild ballpark guess" that a DDOS like this would cost, and how much would the DDOS protection cost? And who would you pay the DDOS protection cost to? Your server hosting company?
$200 dollars wouldn't get you much protection tbh, in fact $400 dollars would only get you slight protection, if you wanted something quite substantial like 10gbps of sin flood filtering then you would either need good friends or very deep pockets, 50+gbps and I think you would need the annual turnover of a large corporation to justify the cost. As a quite rough rule of thumb if you say $1/month per 1mbps of protection might give you an idea of the sort of cost involved. |
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Nice work. I am going to look more at this. Could it be altered to be non-GUI in total (I run headless)?
Hi, TBH I think I used the term 'GUI' a bit to loosley, it actually uses whiptail which is a bash-GUI and displays various dialogue boxes within a terminal, once the watchdog starts it runs in the background, It 'should' all work via ssh but I have not tested, if you decide to have a try let me know the outcome, if it doesn't work for you then I'll certainly have a go at fixing it. In the meantime I have also commited a few more bug fixes and updated the standalone installer since my last post, everything seems to be very stable now and it all works as intended. |
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