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2721  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: September 05, 2013, 06:59:19 PM
I'm not sure if someone already posted this ( if yes, sorry ), but long term parabolic SAR has flipped
yesterday due to the big drop. Remains to be seen how long it stays down.
2722  Economy / Speculation / Re: Peak/Reversal Watch on: September 04, 2013, 07:13:52 PM
I'll try to translate what Chodpaba said in whale terms:
There is one big $ whale who wants to accumulate coins in preparation for a future ( possibly not near ) price ( major ) rise.
Beside the big $ whale there are other whales who panic bought just after the big whale, driving the price up.

But the rest of the market is barely able to sustain this price level. Only a few other smaller whales buying about 2.5k and 5k the last 2 days
are those responsible for keeping the price at this level, when the 'right price' would have been about 138, not 143 as now.
If the big $ whale will make a new move, we know what follows. But if he does not? How bad will the price drop?
2723  Economy / Speculation / Re: Peak/Reversal Watch on: September 04, 2013, 10:10:11 AM
The smart whale is still missing in action. But I think I spotted a fragile trend reversal in the bid sum / ask sum ratio ( which until now was dropping ),
and in the money flow index. The market may be slowly moving up on its own. If Chodpaba is right meaning that the whale just wants to accumulate coins,
and he has still $ to spend, he might decide to buy soon. That's not how I would buy lots of coins if I were a $ whale, so I'm still suspicious on his intentions.
2724  Economy / Speculation / Re: National Gold Parity Party Watch --> Bulgaria on: September 03, 2013, 07:07:36 PM
Question is, when will these countries start holding reserves in Bitcoin?

Not anytime soon. If BTC becomes mainstream they might consider holding some.
Until then, if some high ranking official would approve such a move, he could get in jail.
2725  Economy / Speculation / Re: Peak/Reversal Watch on: September 03, 2013, 01:55:06 PM
No, IMO this was a preemptive buy, by a whale who expects an upcoming larger buy. He thought 'why buy above 150$ when I can buy below 149$'.
And if the expected larger buy smashes through the 150$ resistance level, that was a good move, for a whale who still had $ to spend.
I suspect most whales are full coins now, and $ may be running out faster than coins. Anyway, small players' $ are running out, and about
hypothetical billionaires' $, those are unknown and unlikely to run out anytime soon ( if they are present ).
2726  Economy / Speculation / Re: Peak/Reversal Watch on: September 03, 2013, 12:21:12 PM
And whale strikes today as predicted, but I doubt it's the smart whale, doesn't fit the MO, should have waited just a bit longer.
2727  Economy / Speculation / Re: Peak/Reversal Watch on: September 02, 2013, 09:15:55 PM
On Bitstamp, during these last 2 push-ups all you had to do was to panic buy after the move on Gox, there was plenty on the ask side ( no smart whale buy as on Gox ).
And then sell sometime at the upper price level. Then just wait for another push-up, if it happened just repeat panic buy, if it didn't you had nothing to lose.
2728  Economy / Speculation / Re: Peak/Reversal Watch on: September 02, 2013, 07:01:51 PM
You seem to believe that the smart whale wants to accumulate coins. I don't think so. I believe he has already accumulated
lots of coins at sub 100 prices and now it's just a game of selling to suckers at the highest possible price. We'll see soon enough.

I still don't get why you want to assign responsibility for all movements to a single entity.  There is more than one whale in this ocean.

I firmly believe there is one smart whale triggering the upward moves ( pumping up the price ), other whales panic buy and then minnows panic buy.
If the smart whale wouldn't make the triggering move, market movement upward would be slower ( lower slope ) and of lower amplitude.
2729  Economy / Speculation / Re: Peak/Reversal Watch on: September 02, 2013, 06:24:46 PM
You seem to believe that the smart whale wants to accumulate coins. I don't think so. I believe he has already accumulated
lots of coins at sub 100 prices and now it's just a game of selling to suckers at the highest possible price. We'll see soon enough.
2730  Economy / Speculation / Re: Peak/Reversal Watch on: September 02, 2013, 05:45:07 PM
After watching the evolution of the bid sum / ask sum ratio and also of the money flow index and MACD, I believe tomorrow the conditions
should be similar to those when the smart whale triggered the previous two rallys. If he waits for one more day, there's an increased risk that
the market will slump or we get a correction down. And I believe he wants to preserve the momentum, otherwise the panic buyers won't be willing
to buy his ( soon to be overpriced ) coins. I doubt that a large buy wall will form, a wall that the smart whale could dump into at the very top,
in order to collect maximum profit. So the best solution to maximize profit may be to persuade the panic buyers into buying high.
I already saw new sell orders distributed above 152, but these could belong to other whales, who want to take advantage of the move.
Please remember, this is not TA, it's WMA ( whale movement analysis ), and the smart whale might not act at all. In which case, the market
should still enter a new upward sub-sub-wave, but it will be lame IMO.
2731  Economy / Speculation / Re: Peak/Reversal Watch on: September 02, 2013, 07:32:05 AM
I believe it's not related to miners in particular. If the rate of price increase is too fast, the momentum required for a parabolic rise can't build up.
It will fizzle much sooner, although it will reach a peak. And after the peak, it can only go down, making the bears happy.  Wink
2732  Economy / Speculation / Re: How to explain google trends vs BTC/USD ratio? on: September 01, 2013, 09:35:46 PM
Well, if I'd try to, I'd probably get some silent NaNs and spend a lot of time debugging.  Grin
2733  Economy / Speculation / Re: Peak/Reversal Watch on: August 31, 2013, 08:38:30 PM
If the price is right, more coins will come.

I would reformulate this: at the right price, a lot more coins will appear in the order book.
And there is no new fiat entering Gox, together with the suckers who would buy overpriced coins ( this is important ).
On paper, another 1-2 whale buys would deplete the coin reserves, that are visible in the order book.
But I believe there already are about 50k BTC ( or more ) ready to be sold on Gox, mostly in the hands of
bullish whales. They don't show up because the whales know that showing up would badly depress the price.
I imagined a hypothetical situation: the market reaches an ATH of about 300$, but there are
only about 20k BTC buy orders between 150$ and 300$. Who will dump first will make a killing, the rest
will be left behind. And I suspect the first to dump at the top will be the smart whale who starts the whale buys.
2734  Economy / Speculation / Re: Peak/Reversal Watch on: August 30, 2013, 10:05:07 PM
@notme: your advice is correct in general, but there are issues with it. I can only react to a developing situation if I am awake.
During the last month several times I wouldn't have been able to execute a plan, because I was still sleeping at 6 am ( my time ).
This time I was surprised to see the whale buy at 6 pm, when I was awake but not expecting it ( not by the whale ).
I should probably try to write a trading bot that would execute specific orders while I am asleep.

@adpinbr: besides clarkmoody ( which sometimes lags ), I look at bitcoinity, bitcoincharts, blockchained and trading.i286 ( doesn't lag much ).
2735  Economy / Speculation / Re: Peak/Reversal Watch on: August 30, 2013, 09:35:09 PM
Thank you for the kind words, until now when I got close to the truth, I was called 'arrogant' and when I was way off I got called 'clueless'.
And I made many mistakes trading. For instance, after buying at 129.5$, because I expected a new peak, I've set my sell order at 139.95$.
But after seeing a lot of seller pressure, and being unsure if the new peak would be due to the market or the smart whale, I decided to
drop my sell price to 134.95$, just below the 135$ wall. When I noticed the whale buy and rushed to cancel my order, it was too late. Slapped myself.
I pondered for a couple of minutes if I should panic buy at 137$ and sell at about 140$, but when I was about to place my order, I was too late again.

I don't know when the expected big dump will happen. Maybe the smart whale will try another push up in a couple of days, but don't count on it.
If I were that whale I would try to maximize the profits by dumping big when the area ( integral ) local price * local buy sum would be the greatest.
As for my background, I am a graphics programmer, working in security printing, anti-counterfeiting, brand protection, authentication.
2736  Economy / Speculation / Re: Peak/Reversal Watch on: August 30, 2013, 06:52:18 PM
Isn't it obvious? chodpaba him/herself is the whale driving up the price.

1. Post predictions based on some fancy experimental indicator.
2. Be ridiculed for prediction.
3. Initiate corresponding buying program (simple. doesn't need more than ~100k coins.)
4. Gain people's trust, after prediction is confirmed
5. Huh
6. Profit

I asked myself the same question, and my guess is that it's not Chodpaba, I believe he does not fit the profile.
The smart whale about whom I wrote yesterday, but no one cared to comment, should be bullish in the forums.
After all, his current goal is to dump a lot of coins at the highest price the market can reach.

I copied what I wrote yesterday about the smart whale ( sorry, I'm too lazy to reformulate ):

I may have an answer for you. After looking again at the recent history, I believe there is one smart whale that started the
last rally to 130+, with a whale buy of about 8k BTC that smashed through the 125 resistance level ( up to 126 ).
Other smaller and slower whales followed, and then some panic buyers. The smart whale has already sold at least 4k BTC
around the 130 price, he positioned his sell orders almost one day before starting the rally ( saw this in the ask sum graph ).
This operation ( repeated ) is an efficient way to pump up the price without losing money. As for the final target of the smart whale,
it's to dump big at a higher price IMO. I have no idea what's his final price - at which he would dump big.
The smart whale could be one of you early adopters, with activity in the hundreds in this forum and ( tens of ? ) thousands of coins.
And he would hate to see his MO uncovered. About what to do in order to better adapt to his strategy, I don't know.
The smart whale covers his actions behind normal market movements, he just triggers them a bit sooner and stronger.
2737  Economy / Speculation / Re: Peak/Reversal Watch on: August 30, 2013, 05:00:57 PM
Do you believe that we could go parabolic? Another 20k BTC out of the order book could trigger a parabolic rise IMO.
However, I suspect there's a smart whale who just wants the uber-bulls to believe that the market could go parabolic.
2738  Economy / Speculation / Re: Peak/Reversal Watch on: August 30, 2013, 04:03:33 PM
How much higher, may I ask? To me it seems that it's a limited push, the money came from order redistribution, and the market is not yet following.
It reached a peak above 142, but there's only about 3k BTC buy orders from 129 to 140. This could reverse anytime.
2739  Economy / Speculation / Re: Peak/Reversal Watch on: August 30, 2013, 03:26:28 PM
At the rate things are going I'd have to extend the target another week.

$137 Thursday, September 05, 2013

I should have stayed with the original methodology, which still seems to be holding for indicating reversal from intermediate peaks. But reading an indicator after the fact and projecting where it will converge in the future are two different things. Mostly, there just wasn't enough information to do the projection. But basically, the closer to the convergence we get the easier it is to see where it will happen. But I can not really predict how fast it will happen.

Ok, thanks for posting the new prediction.
However, it does not fit with my EW sub-sub-wave recognition. I expect the peak no later than tomorrow the 30th August, although I can't see any sign in market indicators yet.
The 30th fits from a temporal perspective, but not from money flow or MACD. And the peak could be quickly followed by a whale dump including the 127$ buy wall.
That's what happened in May, with a 25k+ BTC buy wall, also at 127$ IIRC. It could happen again.
Also, the 137$ peak value: it's too high IMO, it would require a buy of 1.8 M$ plus resistance. Do you see that much money available for the push?

It appears I was correct with the 30th August, but still the price peak could be later, as Chodpaba predicted, if panic buyers follow this whale buy.
2740  Other / Off-topic / Re: [Poll] Tell me if you are who I think you are... on: August 29, 2013, 07:38:32 PM
Total 7 women, that's 10%, not bad. Unless some of them are fat guys living in their parents' basement.
If someone wonders why I have a teddy-bear as avatar, it's because I'm a bear and many women perceived me as a teddy-bear.
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