And if you zoom out we have a bigger triangle.
Does everyone around here have tunnel vision? Zoom in on an ant to tell the weather forecast?
Yes, but 266,00 and 50,10 aren't that symmetric. Tunnel vision? We see, what we want to see.  |
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It's usually drawn as a triangle. But as someone with a physics background, I see it like this:  Wonderful. Here are some numbers and a chart:  1. 2013-04-30, H: 146.93 2. 2013-05-03, L: 79.00 Diff: 67.93, Center: 112.97 3. 2013-05-06, H: 124.90 4. 2013-05-07, L: 97.52 Diff: 27,38, Center: 111.21 Where are we now? ~111-112 Pure harmony..  |
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Almost everybody is out and waiting to buy back.
Well, we had many opertunities to buy back in and as the lows got higher and higher, my impression is "the market" is finally at the point to move to the next level, maybe a little dip to ~105+ to give the very late latecomers a last chance, but after that... bullish breakout. But I don't have a crystall ball, it's a projection fueled by hope. |
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They're holding the price at 113, whilst bitstamp just saw a $2.5 drop. Coincidence?
I saw that drop, but there was almost no volumen (< 10 BTC) involved. It's more the fact that there isn't much money/coins +-2 around. That's were the price oscillates. But things like that can ignite a wildfire.  After bigger market moves where the gap between the walls is huge, people refer to this oscillation as ebb and flow, I think. |
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Interesting watching the numerous 0.1337 sales nibble away at the available bids. I assume that it is a bot. I cannot figure a motive. Its not frequent enough to cause lag. It is not even handled - so I rule out an arb bot. Why not just buy from the large bid at the top of the depth in one lot.
Is it a signal among a team of traders? Does anyone do such a thing?
Noticed the exact same thing.  But don't project anything into this yet. People get bored, when nothing is happening. Btw. would I be allowed to make a bot that posts bank holiday information here every 24 hours? Do I need permission from the Mod Team or someone else? I can only speak for myself, but some kind of calendar with important events would be useful anyway. In case you didn't saw.. Short clip with Bill Gates, Warren Buffett and Charlie Munger on Bitcoin. Nothing special, but I think it's quite positive to see Bitcoin become a regular topic to talk about in public television. |
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Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.
There is no BTC reality. Currency value equals to amount of gold it holds. Bullshit. 1971 the USD detached completely from gold and EUR was never linked to it anyway. |
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I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting. Fake bid walls don't exist.Not sure if sarcasm or not... It's a joke. Read this a few days before in this thread. The time is ticking, more triangle-ish trendlines are establishing:  |
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I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting. Fake bid walls don't exist. |
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Offtopic:
Guys, I`m trading < 400$
Trading fees:
gox 0.6%
bitstamp 0.5%
btc-e 0.2%
I'm choosing btc-e based on fee, Ignored withdrawal support for the moment, will transfer btc to an exchange with good withdrawal option when i want to withdraw.
Anything else you guys can share, being more experienced traders?
Well, you should have heard stories about Gox already, but I can tell you about Bitstamp: good experience, no problems at all, SEPA took 1 day, verification 1 day, support tickets are answered fast. Trading fees will go down anyway, if you do some trades. |
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rpLt2dWKgXYqYK5EKpW4xVnFZz57fybuGU
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Anyone know where I can get the complete historic price data of Gox in USD? I was using BitcoinCharts but they don't allow you to specify beginning times at the moment.
You can use Mt.Gox own API. Works for all time. https://data.mtgox.com/api/2/BTCUSD/money/trades/fetch?since=1 [18.07.2010] https://data.mtgox.com/api/2/BTCUSD/money/trades/fetch?since=1309108565842636 [26.06.2011] The first 200,000+ trades used sequential integers for their tid values, up to 218868. After this, unix microstamps are used instead, starting with 1309108565842636.
To obtain all data, first fetch trades since 0, then feed in the last tid from the data you just fetched to get the next block of data. Repeat this process up until current data (note, make sure to limit your requests, e.g. 10 every 10 seconds, to avoid being blocked by the anti-DDoS filters)
The above method will work seamlessly across the tid transition
The primary field specifies whether the trade was originally ordered in the given currency - since trades may appear on multiple tickers, you may need to ignore trades with primary: 'N' values
As noted above, since gives the tid after which to obtain trades, so for example, passing since=10 will return trade data starting with the trade whose tid is 11. https://bitbucket.org/nitrous/mtgox-api/overview#markdown-header-moneytradesfetch |
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What once was resistance, will become support they say.  |
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All jokes aside, the Commodity Futures Trading Commission regulations aren't about Bitcoin, but derivates and futures on Bitcoin, which totally fall into their field of duty, but this implies one very important thing: BTC is accepted as money on a gov scale. Very positive, imo.
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It's not concerning but expected.
Why is that? The picture above, especially the "final capitulation" seems so final, as if Bitcoin wouldn't recover or proceed to higher highs after that. |
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I'm not going to say anything here, except that the similarity between these charts is eerie, and the second image comes from a real estate article, not Bitcoin.
[...]
Better use this image to propagate the bear propaganda.  |
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In a very bigger picture.. it's triangle time soon.  |
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Seems like there aren't many who think they should sell now. Volume is gone. The jumps between 115-122 happen, because there are almost no coins. One bigger sell/buy and it's instantly +-5.   |
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This is the entry at 110:
{"price":110,"amount":15071.34118868,"price_int":"11000000","amount_int":"1507134118868","stamp":"1367807143242382"}
I'm not sure what the stamp is but as this is the only 110 entry, I'm thinking that this is probably an amalgamation of several orders. (I thought that that there was a stamp probably meant that there was one entry per order but I now think that's not the case).
And now... {"price":110,"amount":419.25607783,"price_int":"11000000","amount_int":"41925607783","stamp":"1367811304391121"}  Stamp is date and time in unix time with with microsecond precision of the last change. |
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