 -tera bera Duration: Glade - 6 weeks Glide - 6 months Beginning: Glade - 3 year record breaking volume after 70% decline Glide - ? Another volume bounce indicator somewhere around 5.5k ? End Glade - Attempts to bust past a 100% increase or reach any level that will credibly start a new bull run fizzle out (failing at 11.8 twice, then at 10 on the way down sealed it as over) Glide - ? Same as above, trying to get past 10k fails ? I'm not particularly committed to the price path I drew. I just like the log channel and wanted to illustrate how wrong the original author could be. A voice of reason. There are a quite a number of projection charts that can be drawn from the same data. Extrapolation is never uniquely determined. I have no idea how much the different charts can differ qualitatively, but quantitatively there is quite a bit of possible variation, as you showed. Another option would be sqrt(x) rather than log channel, à la masterluc's friend. |
|
|
|
I admit that it can be a bit of a pain in the ass to attempt to find your comfort zone, and even to experience levels of temptation emotion to deviate. Furthermore, the market can play out in ways that are a bit beyond expectations and new preparations need to take place to ensure that you remain prepared for either price direction.
In the last month, I made a couple decently-sized tweaks, and I designed each of my tweaks in order to feel more comfortable for either direction rather than attempting to increase my profits. And, in November/December, I had to make a couple of decently-sized tweaks, too, because the price was performing more bullishly than anticipated.
That's it. It's about being comfortable. As in almost any tight game, upping the worst case outcome requires worsening the best case. And that's what I'm doing right now. Hehe, it would be nice, wouldn't it? However, I'm too much of a newbie at trading - and what's more, I'm kind of ignoring on purpose the intricacies of proper TA. That's why, if I came up with something like this, it must be already a well-known technique, and I'm quite confident it already has a name. If I knew its name, I could look it up and learn about possible pitfalls. |
|
|
|
This is an interesting place. When things are doing good we all share and enjoy the same feeling of success and richness (even if in different levels) and the opposite (like right now) also holds true. Quite different than IRL friends, most of them being complete nocoiners. #justarandomthought
We should have a WO meetup some time. Maybe we can have an IRL celebration when BTC hits $100K haha. That would be really nice! I'm imagining some exclusive place with ample parking space for lambos and stuff. Sign me up. |
|
|
|
If you are a merit source, then your merit page will come up like the below purple highlighted two paragraphs (though not really purple in real life) - noteably the difference in the second paragraph for merit sources: >>>>>>>> You have received a total of XXXX merit. This is what determines your forum rank. You typically cannot lose this merit. You have XXX sendable merit (sMerit) which you can send to other people. There is no point in hoarding sMerit; keeping it yourself does not benefit you, and we reserve the right to decay unused sMerit in the future.
You are a merit source. The next XXX merit you spend will come from your source rather than your sMerit balance. Merit spent from your source will come back in 30 days. Unused source merit is wasted. It is not allowed for merit sources to sell their merit.<<<<<<<<<<<< As you may recall, the merit system activated on January 24, and therefore it was thought that if merit sources spent their smerits, then those smerits would start to replenish into the merit source on about February 23 - however, theymos stated that he had run into some glitch in the way that he had programmed the replenishment of merit source merits - in essence the script or the algorithm was screwed up. It appears that theymos fixed that merit source replenishment glitch on about March 5, and replenishment of merit source smerits began again around March 5. I didn't know about the glitch or any details of merit expiry, interesting stuff. +1 WOsMerit (I do have sMerit to give now, but you're a legend and a source, so it really feels like wasting the goods.) |
|
|
|
I have merit available to give. Does that make me a merit source?
Merit sources are picked by Theymos. They get a monthly sMerit allowance from the house, so they can give it out without being merited by other participants. |
|
|
|
|
8000 is knocking again.
Very quick movement. Is that a largish market sell?
|
|
|
|
Can't B'awb help you with that? not sure how that works.
OK. I Merited the OP with 2 points. One from me and one for d_eddie, and just shot d_eddie 4 Merits for... reasons. We all cool now ? Am I a fair and benevolent Merit Source ? Thanks! the OP really gives us some fine reading IMO. Dispensing merits in a benevolent way is of course extra cool... ... but my favorite bits from you are when you cook up unheard ways to say things that get said too plainly, way too many times. |
|
|
|
WoSmerit is all I can dispense at the moment.+1 WoSmerit Man, your posts are tasty! Can't B'awb help you with that? not sure how that works. More help than I expected, but help he did! |
|
|
|
WoSmerit is all I can dispense at the moment. +1 WoSmerit Man, your posts are tasty! |
|
|
|
I scalped my way to a comfortably high entry short again.
Come 6k, make me some money. Come 16k, the insurance fee is already written off as a loss.
I will keep nursing it higher (and possibly still a bit smaller).
My play money grew approximately 20% in the process.
For me at least, it's a tough job. I couldn't do this everyday if my life depended on it.
I'm glad I listened to the furry elephants.
Margin trading? How much leverage? Variable, approx range 0.5-5. I prefer < 1 myself. For dummies. It's reasonable. Just remember to have ample collateral to cushion any extraordinary spikes that might happen. One split second under your liquidation margin and... it's gone. I learned that lesson a couple years ago when Bitfinex fucked the market. It was my fault though as an inexperienced margin trader. It took me one full year to recover that loss and, when I did, I stopped using leveraging for ever. Good of you to warn me, thanks. I haven't received a real costly lesson yet, but I've heard a lot. So I'm treading very carefully. |
|
|
|
Why do you call this scalping, are you taking a bunch of different positions at the same time on margin?
It's just one position, kept short at a semi-consistent size, with slowly growing value (entry point). I am progressively making the position smaller by buying a tiny bit at a lower price, or making it larger by selling (shorting) a little bit at a higher price. Riding the waves trying to put a handful of froth in my pocket, so to say. To me the term scalping means buying selling for really small gains like 1-5%....i could be wrong though
My understanding of the term is the same as yours. I think it fits what I'm doing. |
|
|
|
I scalped my way to a comfortably high entry short again.
Come 6k, make me some money. Come 16k, the insurance fee is already written off as a loss.
I will keep nursing it higher (and possibly still a bit smaller).
My play money grew approximately 20% in the process.
For me at least, it's a tough job. I couldn't do this everyday if my life depended on it.
I'm glad I listened to the furry elephants.
Margin trading? How much leverage? Either d_eddie is referring to margin, or alternatively, he is saying that he sold a certain decent-sized chuck of his BTC upon this recent price rise (which overall is selling on the way down.. but that is o.k. if it makes you more comfortable) in order to increase his available cash by 20% in order to prepare and insure himself for the possibility of additional down (although I find the characterization of insuring for up to be a bit confusing). I am actually applying the 2J-ladder to a short, that is, I'm selling before I buy. The 2J in the name is meant to credit the two distinguished gentlemen who recently discussed its details.  The short isn't insured for up: it is actually an insurance for the rest of my btc in the case of downie-down. The "insurance fee" I mentioned is the price of blowing my short at the top (while selling off some actual coin on the way up, of course). Edit: Fuck... this just ain't my day... d_eddie beat me too it and pretty much blew my whole speculation thesis out of the water by admitting that he is employing margin trading.
Sorry for both things. - Didn't mean to beat you to it, but you know, I can be quicker because I type less (on the average)  - I am a newbie trader, and I usually don't trade - but this time it's different, the line of mammoths spoke to me in their chilling calling sounds. They smelled a black swan. I got scared. |
|
|
|
I scalped my way to a comfortably high entry short again.
Come 6k, make me some money. Come 16k, the insurance fee is already written off as a loss.
I will keep nursing it higher (and possibly still a bit smaller).
My play money grew approximately 20% in the process.
For me at least, it's a tough job. I couldn't do this everyday if my life depended on it.
I'm glad I listened to the furry elephants.
Margin trading? How much leverage? Variable, approx range 0.5-5. I prefer < 1 myself. For dummies. |
|
|
|
|
I scalped my way to a comfortably high entry short again.
Come 6k, make me some money. Come 16k, the insurance fee is already written off as a loss.
I will keep nursing it higher (and possibly still a bit smaller).
My play money grew approximately 20% in the process.
For me at least, it's a tough job. I couldn't do this everyday if my life depended on it.
I'm glad I listened to the furry elephants.
|
|
|
|
Bob, I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt
Sheeit  Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ? Hey!!!!!!! We are not all getting drinks?  I'll have it without a blindfold, please. Oh and by the way, hail to the legend! |
|
|
|
|
The mammoths told me a story all day yesterday.
They were changing their stride, their shape, their voice.
They called, they screamed.
There was nowhere to run.
I got my short started.
It helped.
But I couldn't hodl it all the way down.
Now I'm trying to rebuild it higher.
Little by little.
Talking openly about the mammoths started it all.
That's asking for it, isn't it?
Now I know this thread is being monitored by nasty whales.
|
|
|
|
Bob, I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt
Sheeit Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ? Naughty. Play fair! |
|
|
|
By the way..all WOsM's are strictly one to one. So you get one..you can give one.
Hey no way, scammer man!  The WOsM brochure boasted about 100x leverage... |
|
|
|
+1 WoSMerit to JJG, wordy man in nonwordy disguise. You're much more effective and - I'll dare unusual adjectives - enjoyable to read when you dress up this way. Try it more often, if you manage. Please. Here's how I feel:  Not that I had any real hope, deep inside. But I had to try, you see.  |
|
|
|
|
Show Posts
