Panic buying start now!  Nope not yet, the big wall just got pulled LOL Yeah, that was a failed manipulation up if there ever was one... |
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Very nice reversal hammer forming. Another dollar up or so would make it perfect... Not to mention an up day from yesterday on lower volume...  |
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Nice for Bitstamp...  Bitstamp have changed the names on their bank accounts now. Incoming SEPA's now show as "BITSTAMP LIMITED" instead of "BITSTAMP (insert slovenian here)"...makes bank statements look much neater. They didn't change banks did they? Of note, this could be a trap. I would be very careful if you are trying to hide profits (Which I am not!). Sounds like a great way to monitor individuals in light of Prism and the English equivalent. If you are not using TOR they can easily track you and even if you are they can probably figure you out with one slip. Free Net seems to be the TOR of the future. And the Prism news is just going to push more people in that direction. Yes, it puts you on radar but pretty soon too many people will be on the radar and not sure if the NSA really wants to brute force conversations and find "pudding please" or something like that.  |
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Agreed Dalib, my Dead Emu is partially a combination of a descending triangle with a little symmetrical thrown in (meaning down movement). Not text book (Don't descending triangles normally come off falls in price and not rises?), but I think it continues the pattern and goes down. (A symmetrical would go down off a Seller are appearing so I expect it to continue down. |
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Nice for Bitstamp... |
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DEAD EMU
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Ever get the feeling that someone was lying?   |
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If only I had done the same. Funny, your numbers matched mine... Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though. And look at this double double reverse bottom descending triangle. What do you all think?  it's definitely an emu. I was debating on which Bird to name it, I like Dropping/Rising Emu. My other choice is A Dropping/Rising Big Bird. Let's see how this pattern develops and then we can decide. Bookmark this, I think we are on to something. I just see a vote for "Boobs and Fat Hanging Arm Pattern." I shouldn't count the chickens before the eggs are hatched. Hmmmm, anything more guys? Perhaps we see how it develops to help the naming. |
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Is the tide turning? Sells are building just a bit... And the Ask/Bid ratio still below 1.
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I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.
A quick update. I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower. I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off. If only I had done the same. Funny, your numbers matched mine... Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though. And look at this double double reverse bottom descending triangle. What do you all think? |
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Just to add a few key transits at this time: Uranus in Aries Square Sun in Capricorn (1 degree) - Shocking events to our practical everyday life at this time. An impulsive time and individually tested with how BTC functions, especially "at work" . You may want to act individually but would be better to remain calm and assertive. Use this time to further cultivate gifts. (My paraphrasing/mixing and I'd say this could be a rather challenging time for BTC but again, a good time to build a strong foundation.) Jupiter is 1 degree from the 12th house (in Cancer) - This starts a dangerous time imo but also a time of spiritual renewal, as stated a few posts above: Jupiter transits your twelfth house, benefiting activities that take place "behind the scenes" or otherwise privately. This is a cycle in which you become more compassionate, empathetic, and sensitive. Jupiter in the twelfth house is said to offer one spiritual protection. It's a cycle in which you can rid yourself of self-destructive tendencies, deep-seated fears, and deeply-ingrained tendencies towards guilty feelings, acting much like a guardian angel. You are more able to get in touch with your subconscious mind. Charity, giving anonymously, contributing to altruistic endeavors, volunteering, and helping others without expectation of reward will be most fulfilling during this cycle. Work that involves serving others may begin now and bring you much joy. Your dreaming world may be rich, lighter, helpful, and more intuitive. Meditation and retreats may be particularly beneficial to you now, acting to regenerate and invigorate you. You may pick up metaphysical studies, dream interpretation, or research during this cycle. Some people enter into a private romance during this cycle. In general, help seems to be there when you need it. You are building your faith now. This is a time of spiritual renewal. I'd say BTC is building a foundation to move forward. A good time to lay low and stay out of the governments crosshairs. I don't expect much to happen this Summer, but again to take off later in the year. But anything, like good news, can change that. IAS Coming up in a little more than a week, Mars transits 12th house and opposes itself, oh my... |
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I feel even more skeptical about it , Wonchi appears to be a travel destinanion quite used for people visisting etiophia and addis , even with a hotel nearby , so this thing about never seen that never seen this appears more unbelievable. 3. Never seen letters?
Serious doubts have also been expressed about Negroponte’s claim that these people have never seen print, even road signs or words on packaging. Many Africans have expressed astonishment at this statement. It’s only 50 miles from the capital Addis Ababa. Beni, an Ethiopian, says, “I know part of Wonchi and it is not as remote as you displayed it.” Another says “I bet there is a good number of people in that village who write and read. I bet these children have their own "school" that teaches them something in "Amhari" or probably even some English….I seriously doubt the very "strange" picture painted here.” Indeed, it’s on the lip of a well-known tourist spot the Wonchi Crater, which has a lodge hotel (previous residence of Haile Selassie) and is a centre for Eco-tourism. There’s even Tripadvisor reviews for the place and lots of pictures taken by tourists as the crater rim is an established trek route, which you can do in a day from the capital. If you continue to do a research you can find more about the guy running the projects , it's failures and it's money management  let's not say fraud I was just answering the original question (name a village) about the project. You raise valid concerns if indeed true. That would be really sad if fraud is involved with the Once Laptop Per Child project. It sounded so nice and I had high hopes for it. (years ago). Looks like this "rally" is losing steam... |
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This Kipochi as Bitcoin <-> M-PESA exchange in Kenya is actually the best positive news for Bitcoin I've heard in a long time and something that could actually make Bitcoin the currency it dreams of being. I think the potential of this, is being greatly underestimated by some. M-PESA is already doing something like 30% of GDP. The addition of Bitcoin could push this as high as 50% or more, as people move away from sources required for things like Western Union. All speculation but if this catches, it could spread like wildfire to other countries. This is actually news worthy and worth keeping a close eye on. I would agree if kipochi wouldn't look soooo cheap. They have more typos than sentences on their barely professional page and no updates in a while, so I want them to proof themselves first. Their mpesa partner is not affiliated to mpesa aka some guy who's using his private mpesa account to manually funnel transactions? I call this vaporware and would take bets that they don't process 1000 transactions within the next 3 months or prior to having serious issues. Total noobs trying to do finance at best. Maybe just some pump and dump. I read an article about a relatively recent experiment where they dropped off some computers in a few villages with zero instructions. It was a short matter of time before those "village people" figured out not only how to hack, communicate and make those little bad boys fully functional but overall became computer experts and not just literate. The creativity they expressed was unexpected. Don't overlook the vacuum created in third world countries for knowledge. I would have believed that story if , they would take the time to name that village in Ethiopia at least once rather that saying every pharagraph that it was a Motorola device. Snippet The experiment is being done in two isolated rural villages with about 20 first-grade-aged children each, about 50 miles from Addis Ababa. One village is called Wonchi, on the rim of a volcanic crater at 11,000 feet; the other is called Wolonchete, in the Great Rift Valley. Children there had never previously seen printed materials, road signs, or even packaging that had words on them, Negroponte said.
Earlier this year, OLPC workers dropped off closed boxes containing the tablets, taped shut, with no instruction. “I thought the kids would play with the boxes. Within four minutes, one kid not only opened the box, found the on-off switch … powered it up. Within five days, they were using 47 apps per child, per day. Within two weeks, they were singing ABC songs in the village, and within five months, they had hacked Android,” Negroponte said. “Some idiot in our organization or in the Media Lab had disabled the camera, and they figured out the camera, and had hacked Android.” http://www.technologyreview.com/news/506466/given-tablets-but-no-teachers-ethiopian-children-teach-themselves/So, how does it feel to be a believer? |
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This Kipochi as Bitcoin <-> M-PESA exchange in Kenya is actually the best positive news for Bitcoin I've heard in a long time and something that could actually make Bitcoin the currency it dreams of being. I think the potential of this, is being greatly underestimated by some. M-PESA is already doing something like 30% of GDP. The addition of Bitcoin could push this as high as 50% or more, as people move away from sources required for things like Western Union. All speculation but if this catches, it could spread like wildfire to other countries. This is actually news worthy and worth keeping a close eye on. I would agree if kipochi wouldn't look soooo cheap. They have more typos than sentences on their barely professional page and no updates in a while, so I want them to proof themselves first. Their mpesa partner is not affiliated to mpesa aka some guy who's using his private mpesa account to manually funnel transactions? I call this vaporware and would take bets that they don't process 1000 transactions within the next 3 months or prior to having serious issues. Total noobs trying to do finance at best. Maybe just some pump and dump. I read an article about a relatively recent experiment where they dropped off some computers in a few villages with zero instructions. It was a short matter of time before those "village people" figured out not only how to hack, communicate and make those little bad boys fully functional but overall became computer experts and not just literate. The creativity they expressed was unexpected. Don't overlook the vacuum created in third world countries for knowledge.  |
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All indicators are saying me that we will hit $130 within 5-10 days
It is a toss up for me between your incredible research and well labelled charts that brings me into your camp... |
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This Kipochi as Bitcoin <-> M-PESA exchange in Kenya is actually the best positive news for Bitcoin I've heard in a long time and something that could actually make Bitcoin the currency it dreams of being. I think the potential of this, is being greatly underestimated by some. M-PESA is already doing something like 30% of GDP. The addition of Bitcoin could push this as high as 50% or more, as people move away from sources required for things like Western Union. All speculation but if this catches, it could spread like wildfire to other countries. This is actually news worthy and worth keeping a close eye on. I've mentioned the Kipochi thing since I've heard about it. It really is the best news we've seen in a while (or ever?) but not many people, for whatever reason, can see it. For sure it is an unknown as we don't know if it will catch on, but there is a chance that if it does it will show what BTC can do (or not do). Our little Black Swan offspring with anti-fragile legs... Stranger things have happened, I mean in some countries cell phone minutes is a larger currency than BTC, by orders of magnitude. Hey wait... |
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Interesting chart from bitcoinwisdom.com.
Notice how it "predicts" the future price (green and red line).
Let's see if it is connected to the BTC price over at Bitstamp.
The red and green lines off the edge of the chart are are order book depth to those prices. It is where the next approx 2000 BTC of bids and asks are placed - like a mini wall observer. Quite cool Ahhh, that is really cool! Thanks for the correction. It seems to make a bit more sense than the regular V wall style charts. At least as it relates to the price. (Took me a bit to get used to the V style chart...  ) |
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Interesting chart from bitcoinwisdom.com. Notice how it "predicts" the future price (green and red line). Let's see if it is connected to the BTC price over at Bitstamp.  |
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Interesting, Bitstamp at 73.50 and Gox at 77.50.
Things had been tight recently. Who is leading who now (as far as price direction).
Place your bets.
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I know there was a site that said they were coming out with one. I signed up for the early preview but don't remember the name and haven't heard from them yet.
Someone probably knows it...
IAS
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