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181  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 16, 2014, 05:46:11 AM
A 4k buy with maximum slippage right at the end of a wedge. The guy had plenty of time to buy during the wedge and instead chooses to buy when it hurts his wallet the most. Looks like manipulation to me.
182  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 16, 2014, 05:42:09 AM
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?

Given that we are now in a long-term uptrend (since Thursday last, untill August next), your default should always be long.  Use it unless the counterpoint case is deeply compelling. I am at 100 on a scale of -100 to 250.

Thanks for that  Smiley
Bruce almighty, what a pump!
183  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 16, 2014, 05:25:16 AM
Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?
184  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 11:22:38 PM
Is this rally sustainable, and how long?
185  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 11:04:12 PM
The volume of this pump is very similar to March 3. The difference is that it is spread over two days instead of one. I won't trust this as a true recovery unless there is a successful retest of $340 support on higher volume. Every dollar spent on the exchange is a dollar not used to put a floor on the price in the event of another stampede for the exits.

You kids run and play. I guess it falls to me to be the responsible adult in the room. A roll I am unused to. Hopefully I will not be needed.
fine words, sir.

I disagree. The pump of March 3 was one single player with a few millions. This one is a lot of tiny little buys on Chinese markets that keep on pressing from the bottom up, inspiring confidence in the western markets and causing the leveraged shorts to explode in a fireworks show.

Is this concerted? I don't think so. I think we simply have a new massive herd of Chinese gamblers who are entering the speculation game by buying bitcoins and altcoins.
186  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 10:51:13 PM
We all are China's bitch. Stamp price with Huobi price behaves like an altcoin price with bitcoin price.

And speaking of alts, crazy gains today! Some lot of people are buyingspeculating on a lot of shit.
187  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: April 15, 2014, 10:32:30 PM
Here is the Blockchain adjusted transaction quantity chart, for 180 days using the 7-day moving average. The rightmost 4 days appear to confirm the reversal of the price trend.



Thanks. I noticed we also had something similar hapoening between May and June 2013, and confirmed a reversal in price trend, albeit it was not the bottom.
188  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 09:34:04 PM
BTW.

We have run out of sellers and buyers, but these Chinese keep on knocking at the top's door, even in their sleep.
189  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 09:22:48 PM
Bitcoin will not be a ponzi if, and only if, it succeeds

Don't be an idiot. Bitcoin is not a ponzi.

Ok, now I have to be that guy.

Actually bitcoin does have at least two qualities of a ponzi scheme:
1. Early investors who gradually change back to fiat are basically earning money off the last round of investors.
2. Investors heavily advertise it because they know that the more new investors join, the more they gain.

I am not denying the absolutely awesome technological wonder that bitcoin is, and the fact that I can use it to move money across countries in a breeze (operation otherwise made unnecessarily painful by the sucking bastard governments and banks involved)
Still let's admit that we are in the speculation forum watching markets because we hope to get rich, and bitcoin keeps us hooked because of 1. and 2. above.
190  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 05:56:52 PM

That's probably your breath, instead of coins... you're smelling. It's coming from your mouth just below your nose.

Fonsie?  Oh really? Is the cloning never going to end?

I have to admit, were I a troll, I'd be deeply honoured of having trolls distorting my username in order to troll me back.
Bit like a B-movie gone so popular that it has its own pisstake B-movie.
191  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 05:12:51 PM
So now we wait until the so called Chinese wake up again to start trading?

We will know soon enough

192  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 04:05:45 PM
Huobi again
193  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 02:38:14 PM
What happens when the triangle on Huobi closes? Fireworks?
194  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 01:50:31 PM
We're all wasting our time here with the btc/usd prices when nmc and ppc had 60% gains today and nearly 200% since the bottom.

Wow, just noted yesterday on coinmarketcap, thought it was a fad and dismissed it. Biting my lips now.

Speaking peercoin: transaction fee is fixed to 0.01 PPC, so at current prices every transaction costs almost 0.03 USD. Were peercoin's price to rise even further, it would be no use as a currency anymore. Or?
195  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 01:30:13 PM
Checkmate! Yaaay!  Grin

196  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 01:27:03 PM
When Huobi sneezes, Stamp gets a cold.
Basically we all follow China.

EDIT: lol TERA just wrote it
197  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 12:57:21 PM
If I was speculating, I would sell now. It can go as low as 405, likely at least 460.

Why?
198  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 06:12:41 AM
I'm actually not 100% sure that bears are out of the woods yet.

Aaaand.... Everyone watching China again.
199  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 14, 2014, 09:46:05 PM
China trying to go higher.

I was in the bear camp at £300.

I hang my head in shame. It has survived China censorship and centrally controlled free market capitalism.

Never again will I doubt, The Bitcoin.

That's the spirit!!!!    Cheesy

This is about to hurt, I'm afraid.
200  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 14, 2014, 02:16:07 PM
For the moment it looks to me like we bounced against arepo's descending trendline.
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