price is floating up on light volume, and even small sales are enough for it to get hammered back down. No doubt about it, this is a fake rally designed to let people sell high. Bail while you can! Full disclosure, I'm short from $106.5  Yes and we have the makings of a 3rd straight day of higher prices on progressively lower volume. This happened last week on the 9-11 (no pun) and we wen't down afterwards. It is a tell tale downward formation (if it holds)... +1 [On Bitstamp prices...] It's looking like a triple top - three failed attempts to get over the 108 bar, with retraces back to 102 each time. I doubt we will see a forth. However... the last retrace only touched 102, with a sharp bounce back. This starts looking a bit like a rising triangle, which is bullish. From this perspective, getting over 108 is a smaller leap. There is a good deal of resistance over 108 though, which would need a lot of buying power to punch through. Therefore, I'm about 85% bearish for the trend for the next few days. I have orders in around 101 and 91 to catch the retrace back to the 18th or profit from another 10% fall beyond this. P.S. I bought at 99 and sold at 107 since the 18th. I missed the first spike (sell price too high - by 0.5 BTC annoyingly!) and then just missed last night's dip (buy was at 101, and only 102 was reached). You can't win them all though!  Agreed, it is tough to stay out of this market, but doing so reluctantly. ps - I almost did what you did at 100 (but held back :-( ) |
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Where is this graph from? Actually, including moon cycles is a standard feature in nearly every bitcoin charting service... from bitcoinity to clarkmoody. Who needs complex indicators when you've got the tide on your side? If the moon affects behavior enough to show marketable increases in crime, then why not buying behaviors? (Ever wonder where the word "Lunatic" came from?) I know my dream intensity increases during full moons and I've seen too many children have trouble sleeping during them, so something does look like it is being affected. We are not just walking around on a planet, we are a part of it and the Universe we live in. Our habits are influenced by everything,... grasshopper.  (And then there is the Quantum Physics perspective if you prefer.) More crime during full moon is a myth. And there can be several reasons why you think you dream more intensly during full moon. Sorry, but I studied crime in school at the bachelors and masters level. I've seen the numerous studies. The only counter argument that has any validity is that it is lighter outside during full moons, but criminals tend to like darker places... You can comment upon anothers experiences but that is all you can do. It is quite individual. I'll go with the "primitive" peoples of the world who understand the dream world better. Speaking of, I have studied dreams for years and the correlation between full moons and dreaming is quite obvious. Now, if you practice recording dreams for 10+ years like me and you have first hand experience, then I'm all ears. But I have a feeling that most that comment, well, are just commenting. Right, and now you are gonna back up your claims with proof right? How about this, since this is the wall thread and I don't want to offend others outside their beliefs, you go back to yours and I'll just go back to mine... Now most are happy. What? No proof? Wow, now that's a surprise. Who would've guessed you's make up an excuse as doon as the proof part comes. I certainly didn't. Because none of your kind of believer has ever done such a thing before. I studied it for years. You go do the same and then get back to me. (And I don't have the links right here with me, but if you are a disbeliever that is fine. I take no offense.) I prefer not to even say I am a "believer", there is something called first hand experience, knowing and then of course just good old observation. Hurry, the lady in the red dress returns... |
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Sorry, but I studied crime in school at the bachelors and masters level. I've seen the numerous studies. The only counter argument that has any validity is that it is lighter outside during full moons, but criminals tend to like darker places...
You can comment upon anothers experiences but that is all you can do. It is quite individual. I'll go with the "primitive" peoples of the world who understand the dream world better. Speaking of, I have studied dreams for years and the correlation between full moons and dreaming is quite obvious. Now, if you practice recording dreams for 10+ years like me and you have first hand experience, then I'm all ears. But I have a feeling that most that comment, well, are just commenting.
It's about sharing. But for some, their brand of arrogance is too strong to see the wisdom staring them in the face. They believe there is only the I, alone and without outside influence. They fear sharing. Most have never taken a red pill I guess? Ahhh, the lady in the red dress... Its all about sharing |
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Where is this graph from? Actually, including moon cycles is a standard feature in nearly every bitcoin charting service... from bitcoinity to clarkmoody. Who needs complex indicators when you've got the tide on your side? If the moon affects behavior enough to show marketable increases in crime, then why not buying behaviors? (Ever wonder where the word "Lunatic" came from?) I know my dream intensity increases during full moons and I've seen too many children have trouble sleeping during them, so something does look like it is being affected. We are not just walking around on a planet, we are a part of it and the Universe we live in. Our habits are influenced by everything,... grasshopper. (And then there is the Quantum Physics perspective if you prefer.) More crime during full moon is a myth. And there can be several reasons why you think you dream more intensly during full moon. Sorry, but I studied crime in school at the bachelors and masters level. I've seen the numerous studies. The only counter argument that has any validity is that it is lighter outside during full moons, but criminals tend to like darker places... You can comment upon anothers experiences but that is all you can do. It is quite individual. I'll go with the "primitive" peoples of the world who understand the dream world better. Speaking of, I have studied dreams for years and the correlation between full moons and dreaming is quite obvious. Now, if you practice recording dreams for 10+ years like me and you have first hand experience, then I'm all ears. But I have a feeling that most that comment, well, are just commenting. Right, and now you are gonna back up your claims with proof right? How about this, since this is the wall thread and I don't want to offend others outside their beliefs, you go back to yours and I'll just go back to mine... Now most are happy. |
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For example, researchers Ivan Kelly, James Rotton, and Roger Culver, in their study "The Moon was Full and Nothing Happened" (published in the book "The Hundredth Monkey and Other Paradigms of the Paranormal," 1991) examined more than 100 studies of alleged lunar effects and found no significant correlation between phases of the moon and disasters, homicide rates, etc. Furthermore, there is no known mechanism by which the moon would somehow influence a person's mind to make him more dangerous—except of course for his own expectations. http://www.livescience.com/1617-strange-happen-full-moon.htmlWeird how people still believe in these ancient ridiculous myths which have been proven false over and over again. It is amazing what a competitive, insensitive, western way of life will do the people and the scientific community at large. But the other studies are still out there. |
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You're looking for a pattern which isn't there. You ignore it every time it does not happen.
It might even be expected behaviour. You know it's gonna be full moon so you're gonna act differently because you want to believe.
You can argue this both ways. Most of the time I am not following the moon. There are studies to back this up, both behavioral and at the personal level. I would say that it depends on the sensitivity of the individual. Menstration is tied to the moon (28 day cycle). Further, many animals are in sync with nature. It is just a question of sensitivity. It is nothing personal if you are not in touch with it. We create our realities and in large part our physical responsiveness to the environment due to beliefs, diet, etc. The bigger question here is why humanity has, for the most part, lost that connection, however obvious it is (to some of us)... |
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Where is this graph from? Actually, including moon cycles is a standard feature in nearly every bitcoin charting service... from bitcoinity to clarkmoody. Who needs complex indicators when you've got the tide on your side? If the moon affects behavior enough to show marketable increases in crime, then why not buying behaviors? (Ever wonder where the word "Lunatic" came from?) I know my dream intensity increases during full moons and I've seen too many children have trouble sleeping during them, so something does look like it is being affected. We are not just walking around on a planet, we are a part of it and the Universe we live in. Our habits are influenced by everything,... grasshopper. (And then there is the Quantum Physics perspective if you prefer.) More crime during full moon is a myth. And there can be several reasons why you think you dream more intensly during full moon. Sorry, but I studied crime in school at the bachelors and masters level. I've seen the numerous studies. The only counter argument that has any validity is that it is lighter outside during full moons, but criminals tend to like darker places... You can comment upon anothers experiences but that is all you can do. It is quite individual. I'll go with the "primitive" peoples of the world who understand the dream world better. Speaking of, I have studied dreams for years and the correlation between full moons and dreaming is quite obvious. Now, if you practice recording dreams for 10+ years like me and you have first hand experience, then I'm all ears. But I have a feeling that most that comment, well, are just commenting. |
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Where is this graph from? Actually, including moon cycles is a standard feature in nearly every bitcoin charting service... from bitcoinity to clarkmoody. Who needs complex indicators when you've got the tide on your side? If the moon affects behavior enough to show marketable increases in crime, then why not buying behaviors? (Ever wonder where the word "Lunatic" came from?) I know my dream intensity increases during full moons and I've seen too many children have trouble sleeping during them, so something does look like it is being affected. We are not just walking around on a planet, we are a part of it and the Universe we live in. Our habits are influenced by everything,... grasshopper. (And then there is the Quantum Physics perspective if you prefer.) |
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price is floating up on light volume, and even small sales are enough for it to get hammered back down. No doubt about it, this is a fake rally designed to let people sell high. Bail while you can! Full disclosure, I'm short from $106.5 Yes and we have the makings of a 3rd straight day of higher prices on progressively lower volume. This happened last week on the 9-11 (no pun) and we wen't down afterwards. It is a tell tale downward formation (if it holds)... |
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We should worry more about the charges and less about Snowden. If the NSA has nothing to hide then they shouldn't be worried. (I think I've heard that somewhere before...) |
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I see no handles, only a movement downwards approaching. You need to factor that rpietila sold low and bought high earlier today, that has to mean something  It's too early, to use him as contra indicator, but time will tell. Anyway, H2:  Pattern completes, if the double top breaks. It does look like a cup and handle but it doesn't follow the rules, most notably the time and shape (not saying it won't breakout though). Anyway here is something: http://www.investopedia.com/terms/c/cupandhandle.aspDefinition of 'Cup and Handle' A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks. As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off. Below is an example of a cup and handle chart pattern:  Investopedia explains 'Cup and Handle' A couple points on trying to detect cup and handles: Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern. Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high. Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be. |
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Question to everybody:
How did your sentiment change after today? Would you rate it more bullish or bearish to see the price rise quite fast from 98-100 to 113 and drop back down to 104-106?
I think the day is described by the day. We apparently are coming out of a down trend where many people (including me) are short term bearish. The big up to the day was short term bullish (all things considered) but that pullback was a confirmation of what we already thought we were in. See my post above, clear reversal signal. Volume is key (however I must say this market is easily manipulated). Anyway, I say we are moving down as originally planned. The question is when (if our hunches are right). IAS |
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Inverted Hammer and Shooting Star The Inverted Hammer and Shooting Star look exactly alike, but have different implications based on previous price action. Both candlesticks have small real bodies (black or white), long upper shadows and small or nonexistent lower shadows. These candlesticks mark potential trend reversals, but require confirmation before action. The Shooting Star is a bearish reversal pattern that forms after an advance and in the star position, hence its name. A Shooting Star can mark a potential trend reversal or resistance level. The candlestick forms when prices gap higher on the open, advance during the session and close well off their highs. The resulting candlestick has a long upper shadow and small black or white body. After a large advance (the upper shadow), the ability of the bears to force prices down raises the yellow flag. To indicate a substantial reversal, the upper shadow should relatively long and at least 2 times the length of the body. Bearish confirmation is required after the Shooting Star and can take the form of a gap down or long black candlestick on heavy volume.  Pretty close to this:  |
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Wow, what a drop. Looks like we are right on schedule for the drop to double digits... Long term Bull btw, but short to mid term...  |
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Great info here. Another relative noob (old linux user but stopped years ago). I have MinePeon (6-11-2013) running fine on my Pi and I see CGminer is already running as well (I guess that is default?). I have another couple of months wait time till my Jalapeno arrives so I'm in learning mode now but will probably pick up an Eruptor to play with. Question - Going through the commands here: http://minepeon.com/index.php/Main_Page#Images I notice that ipconfig is not found. If that is listed on the main minepeon site, why wouldn't it be installed? Also, nmap is not there, running this command : sudo nmap -sV --open 10.1.1.0/24 -p22 | grep -B 4 Raspbrry This is odd as everything is stock, no? If anyone has a link, is there a recommendation for some pools that function well (or do they all) with CGMiner? (Not wanting to join the biggest for obvious reasons.) Thanks and my first donation made to the MinePeon.com today (and I don't even have a miner yet! But on the way...) IAS |
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Disclaimer: I'm getting a bit sick of having to include this statement every time, but here it goes: I'm not a bull, far from it. No predictions that we'll hit 200 next month from me. I'm not a bear either however, and I'm very much undecided about the question whether the correction/bubble deflation is largely over yet or not.
That accumulation/distribution chart is very nice looking. I forget the formula but I used to follow that one closely (with others). Confusing time in a sense. It is tough being a short term / mid term bear and seeing a rally, which was predictable if you believed the market depth (which, unfortunately (or fortunately - we'll see)). |
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Only 10k to $110. Not exactly too difficult to achieve.
That is not exactly true in reality. At these levels a lot of sales are off the order book and not on - just market orders or freshly placed orders on rises in price. They are not showing up right now. |
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I get a funny feeling this is the calm before the storm. Now as to which direction the wind will blow during the storm that is an entirely different question.
down More like Up. This was the second testing of 100 and the second time that the price dropped below then shot straight back above. Tough call. The market depth has been looking better but not showing up on it are those sells that just come and dump every so often. Hitting 100 on low volume is not much support to me. When we tested a few levels on large volume on the post "collapse", that was meaningful to me. Also, a buyer came in and just put in a large market order to save the price. The slippage was huge, bad business decision. More suspicious behavior... All that said, BTC is a hard on to predict and depending on global events, it can turn quick. |
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Propped up to 104 by a wall for a fall?
Draw the lines, 104 is significant. If we get through 104 and cross 105 I may enter, but as many others have said, something doesn't feel right... |
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Wow, some nice buys coming in. Looks like our buyer got tired of slowly buying.
I think it's the same pool of money waiting to buy bitcoin at sub $90 price, but lost their patient and decide to buy them at higher price now. it's that time again.. .. 4h ema's about to cross.. buy a load of coins.. let people think that it this time will be different.. dump shitload! buy coins cheaper.. And what is the scaling factor between a load and a shitload? Are the 10 loads in a shitload? 100? 1000? All I could find: 1. shitload more than an assload but still less than a fuckton. I have a shitload of beer, but down at my friend's place, they have a whole fuckton. buy shitload mugs & shirts 2. shitload meaning quite a few, a bunch, a lot, very many, more than you care to be able to count, more than you can count; a widely used exaggeration of there being far too many of something ~ not to be confused with a boatload or a whole fucking bunch Holy shit man, that's a shitload of midgets in that parade. buy shitload mugs & shirts 3. Shitload A term which defines a numerical value of 47. It is prime. Do not confuse the term with similar terms such as fuckton, assload, or baker's dozen. This is a shitload. Dumbass: Dude! I just spilled a shitload of milk. |
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