Considering the scope of the attention and the lightning fast adoption of late I'd be willing to bet that there are some extremely deep pockets involved today that weren't involved a month ago.
Considering how small Bitcoin is right now and the speculation that it will continue to achieve more adoption as time goes on; The pockets could easily be deep enough to buy out the remainder of China and the SR coins without even breaking a sweat...
If wanted to acquire BTC I would want the market to take a death plunge. Indeed, I do want to acquire lots of Bitcoins which is exactly why I want the market to take a death plunge, I however don't have the power to make this happen and have to satisfy myself with remaining astute as possible to good opportunities that present themselves. Far from bringing down the price, these gargantuan flash purchases were strategically placed and triggered to put the halts on big nasty post bounce slip that was gaining momentum rapidly. It looked so certain and then BANG, $250K order within a second, a few minutes later, a $175K order followed by a $140K order, both of them executed within a second. If you study the charts closely, you will see that these large BTC purchases saved Bitcoins bacon. If these were genuine investments from someone with deep pockets, then this person is a fucking horrendous trader as if he had just sat back and let the panic do its work, he could have gotten these Bitcoins $100 per unit cheaper. It looks to me like you never traded in larger volume... I'm far from being a whale, but the scenario you described above is something I have (roughly) played through myself. When trading in larger volume there are two questions that need to be balanced against each other: where are we right now in the trend, and is there/will there be enough on the order book to capture my order without too much slippage. So I often place orders well "before the trend ends" because experience showed me that once I wait until the trend naturally reverses, the order book composition is such that slippage eats any additional profits I got by waiting. |
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Hi.
I think that when one changes the Scale from Normal to Logarithmic the Y axis labels do not change accordingly.
Yes, this is new, the tick marks are correct but not the labels. BTW it should not be called "Normal", it should be called "Linear" and the default for new users should be logarithmic since this is the only scale that actually makes sense for such kind of data. Thank you for report. The bug has been fixed. and I have changed axis name to 'Linear' which is more properly. Because some users maybe don't know what is logarithmic scale, so I still keep the entry simple. +1 Logarithmic as default would be a terrible choice, especially considering that the default time frame is a "narrow" one, ie one of the last hours or so. |
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It was a pleasure to read your analysis over the last year.
In case you guys didn't notice, Mr. (Mrs.?) chodpaba deleted most of his posts and threads. Not the first time that happened afaik, but it looks like it's pretty thorough this time.
Whatever your reasons for doing so, I know I am grateful for the time you spent on here. Your earnest desire to take a rigorous approach to TA was much appreciated.
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Made some good calls there. I remember reading this thread now when it was posted. Can you clarify a bit what your organization is? You posted a (partially) EW based analysis in another thread, but that was written by another guy, right? Other than that: I come from the perspective that if a prediction is not to some degree specific, then it is in now way useful and tantamount to spam. So I try very hard in my prediction articles to give analysis that is specific even if it risks being wrong. You get a big fat +1 from me for that. I wish more unnecessarily cryptic TA adherents in here would stick to that. Not every post needs to contain an exact price target, but if you post vague TA without specifying time frame, price range, or even general direction, you might as well not post at all. |
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Worth reading alone for the extremely spot on comment about EW theory. He sounds like a Elliot skeptic who's using it (with extreme caution) anyway. I like that a lot.
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First of all, thank you very much. Your predictions are spot-on!
Thanks for appreciation,please donate to address below, if my predictions help you in making profit. ------------------------------------------------
Yesterdays was madder than spot on. That was like insider knowledge to call that!
I say he is responsible for data entry into the exchange trading bots, but in the classic stereotypical form, he needs to somehow let the world know his greatness, thus he comes on here and basically tells us how him and his cabal are going to manipulate the market next.
I have already answered you, but for the sake answering, quoting it again.Those ranges are very narrow in my opinion too narrow
Edit: Come clean spndr. How could u possibly have predicted such narrow trading ranges, admit it, you are the man who programs the trading bots, right? I assure you, that, I have not created any bot for bitcoin/cryptocoin trading till now nor am I associated with any bot-trading company,although, there is future plan of creating bot based service. Its just trading experience,I have been trading cryptos, since mtgox (first crytocoin exchange ) started in 2010, and also traded alt-coins from the beginning (since start of first altcoin - solid coin in 2011). I was the first to give idea of inter currency crpto-coin trading. https://bitcointalk.org/index.php?topic=6350Maybe it's a language thing, but I feel you might have missed that MatTheCat probably wasn't serious about you actually setting the price. Or maybe I missed that you actually didn't miss it ... it's all so confusing  Anyway, keep going. The real test for your predictions will of course be once we're getting to the moment of decision (if there will be one), and how your predictions will capture that. |
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 wow much discrepancy. Actually, yes, "much discrepancy" during the last 48 hours or so, if looked at at a slightly higher resolution than daily.   |
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In NYC bitcoin was on the front page of the Times last week
Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE. Behind a small lounge one could see a room where someone was presenting a talk to a small audience. My sons, who knew of my obsession strong scientific interest in the matter, urged me to go in and pretend I was some rich sucker would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars. But I was too tired and thinking only of getting back to my hotel. The rent for that place must be a small fortune. That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide. Your particular type of psychosis is an interesting case. I wish we could get some professional opinions on it. On one hand you are aware that you have this obsession with bitcoin, yet your obsession is purely negative. It is like you get some sort of pleasure in hating bitcoin. You have even admitted that part of you has sour grapes and are bitter that you missed out on such incredible growth. But the arguments you use against bitcoin are mostly rehashed fare that has been recycled through these forums a dozen times or more. Now you are starting to bring more and more absurd "insights" to the table, suggesting that bitcoin is full of subversive techie salespeople pitching bitcoin in back rooms like it was wolf of Wall Street meets Scientology meets Ron Paul meets Star Trek. You seem to be getting more and more delusional in your assertions and in your obsession. Why don't you go spend your time doing something productive? Or at least find an obsession that you are positively wired towards. Right now you are starting to come across as soon creepy bitcoin stalker. I can tell your not the common troll, that's why I'm even responding to you. Go spend time with your kids. Have sex with your wife. Do something that makes you happy. For your own sake man, get out of this forum. o_O Projecting much? Not at all. Did that hit a little too close to home Oda?  You continue to make no sense whatsoever. Or I don't get the joke. Trying to find anything Jorge-etc posted that could be construed as "negative obsession" with Bitcoin... all I see is a moderately bearish poster. Guess what, he's not alone |
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I'm trying to understand this. Off-putting, how?
Too much effort in convincing people to invest in Bitcoin, rather than to use it. "Look at how many millions you could make by investing bitcoins" instead of "Look at how many cents you could save by buying a toaster with bitcoins instead of a credit card." A sure sign that an investment is a scam is when its TV ad shows a smug man on a luxury boat with three girls on each side. Renting a storefront next to NYSE is not as bad, but is going in that direction, IMHO. If you read and understand this article, you will be enlightened: http://finance.fortune.cnn.com/2014/01/21/bitcoin-platform/His point is absolutely not countered by what that (by the way: pretty pedestrian -- "Napster"? Really?) article says. JorgeStolfi wants more emphasis on actual BTC usage, less on the "get rich quick" aspect of BTC. I partially agree. |
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In NYC bitcoin was on the front page of the Times last week
Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE. Behind a small lounge one could see a room where someone was presenting a talk to a small audience. My sons, who knew of my obsession strong scientific interest in the matter, urged me to go in and pretend I was some rich sucker would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars. But I was too tired and thinking only of getting back to my hotel. The rent for that place must be a small fortune. That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide. Your particular type of psychosis is an interesting case. I wish we could get some professional opinions on it. On one hand you are aware that you have this obsession with bitcoin, yet your obsession is purely negative. It is like you get some sort of pleasure in hating bitcoin. You have even admitted that part of you has sour grapes and are bitter that you missed out on such incredible growth. But the arguments you use against bitcoin are mostly rehashed fare that has been recycled through these forums a dozen times or more. Now you are starting to bring more and more absurd "insights" to the table, suggesting that bitcoin is full of subversive techie salespeople pitching bitcoin in back rooms like it was wolf of Wall Street meets Scientology meets Ron Paul meets Star Trek. You seem to be getting more and more delusional in your assertions and in your obsession. Why don't you go spend your time doing something productive? Or at least find an obsession that you are positively wired towards. Right now you are starting to come across as soon creepy bitcoin stalker. I can tell your not the common troll, that's why I'm even responding to you. Go spend time with your kids. Have sex with your wife. Do something that makes you happy. For your own sake man, get out of this forum. o_O Projecting much? |
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According to my Seventh Level Trend Analysis™  the price of Bitcoin has now hit a Chandrasekhar-Schwartzschild-Walsoraj inversion discontinuity. From now on it should start oscillating again, with ever increasing swings --- but with reversed polarity. Price will crash upwards whenever the market gets bullish on bad news, and rally downwards when it gets bearish on good news. Traders are advised to adjust their basic strategy accordingly: from now on, it's "buy high, sell low". *snort* Posts like this make it worth wading through page after page of chartbuddy posts and general {bullish, bearish} meme trolling... thanks :D |
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What? I can't understand what your'e doing overlaying stamp on gox and then using gox's line to stay that the wedge on stamp isn't broken, but here is stamp...  removed my previous graph already, didn't notice tradingview kept the gox scale after adding bitstamp data.  So, yes, I agree, the trend broke on bitstamp as well. the overall picture is however still substantially less convincing on stamp. if we get near 850 again I consider a longer lasting reversal a possibility, but until then, I only see a *break* in a very clear downtrend since Jan 5, not a *reversal*. |
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[...]
I think we agree then =) but you may have missed a bit of the conversation in various oter posts.
Good point. One thing though: people really need to start paying less attention to mtgox. Definitely not looking at it in isolation. It'll cost you money if you (not "you" personally, I mean) still think mtgox is the market leader in any meaningful sense. |
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you silly boy. not only do you gamble your money, now you gamble your ego.
read his previous post at me.....then u may understand where I am coming from... ....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong. The Bitcoin nutter is a simple creature and not hard to outwit. really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way. margin calls pay my bills. Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement. there is no limit to how much you can lose when you are shorting the market, and just ask matt when he plans to get out if the market goes up. I dont see a down trend, I see a large correction come and gone. the downtrend was over when price broke $1000 last time, and $1000 is in reach regardless of trend. I don't see a downtrend either, but neither do I see (or anyone who isn't delusional) an uptrend. Consolidation, with an unclear destination. That was my point though: I don't see a problem with betting on the market moving sideways to downwards. I *do* see a problem with risk management when shorting this market for any amount of time longer than a few hours to a day during a clear major corrective move. |
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you silly boy. not only do you gamble your money, now you gamble your ego.
read his previous post at me.....then u may understand where I am coming from... ....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong. The Bitcoin nutter is a simple creature and not hard to outwit. really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way. margin calls pay my bills. Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement. |
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This. I´m expectin to see serious dumps over the weekends as upwards manipulation hardly works anymore. So i guess we´re seein a harsh downards correction. Just my 5 Satoshi Edit: Gox buybot is in full maniac mode. Buyin 15-19 BTC of his own asksevery 4-5 minutes. I assume the real Gox Volume without bots and Mark´s orders would be about 50-100 BTC per day. Great to have a market leader like this....He bought about 20x times 16-18 BTC @ 917,6x however these asks can´t be seen in the orderbook.... They don´t even try to hide it properly anymore, truly saturated behaviour. In which strange parallel universe did mtgox become "market leader" again?  * People need to wrap their head around this new situation (well, not that new anymore), or they'll get left behind as they watch for market signals in the wrong place: Mtgox is now just one of several large exchanges. And actually, the way it looks right now, they're not even "primus inter pares", but more like "tertius inter pares". * yes, I know, chart above is missing Huobi. |
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I'm a super bull (just took a 10x leveraged long position this morning), but at the same time I have nothing but the deepest respect for prodnouhson's verified sources.
So say we all.
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Also, most recent "double" "bottom" "broken". No, cut the "" around broken |
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The price might go down now, but it's not worth it. It will still take a while for the feds to sell, in the meantime the price will go back up, and then yo-yo. But really the people who will buy these coins aren't going to be dumping them on the market. They are buying to keep the supply controlled and the price high. :-)
As always, here's the mantra like repetition of "It's not the FBI sale that's *causing* the price move". It's the "trigger" perhaps, but under different circumstances, the same news could have lead a small rally even ("wheee, cheap coins, the BTC ecosystem can only benefit from that sale!"). Right now however, the signs for a move downwards have been visible, if not particularly clear (and i'm not convinced this will turn into a full crash anyway). The FBI is just the nudge we needed. |
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Funny. A few days ago, 820 (bitstamp) appeared to be major support. Right now it looks like it could be turning into resistance.
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