But why aren't you taking the high of the $265 candle?
You can make many, many shapes if you can choose any length of candle.
that high is very obviously an outlier. the process of drawing the 'correct' triangle is as follows: identify the possible top and bottom trendlines with the greatest number of points of contact, disregarding outliers. we can even disregard the highs that break robust (multi-point) trendlines because that itself is evidence that they are outliers, based on the theories of triangle consolidation patterns. in the picture above, there are 4 possible robust lines, all with 2 points of contact (the minimum for a unique line). i've only drawn 3, can you see the other? hint: what if you assume that the lowest price points of the two recent green bottoms are outliers? as you can see, there are many possible triangles. determining which is the best fit is a messy process that i'm still refining. IOW: It doesn't fit the story? (Good question, frozenlock.) these things are like magic  Arepo: That does sound like magic. |
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 Hmm... April spike deleted from Wikipedia traffic stats? |
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Bigwall is gone... Where'd it go?
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 Lag detected. |
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Oh lag, you so crazy... |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
Lucif "always" bets on red. |
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Where will Bitcoin be on May 11th? In Beijing. |
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I watched the entire thing. I understand nothing.  Could anyone in or from China offer a brief synopsis of the main points? John? I did, here: PS: I might be inclined to take up your offer, except that I'm quite strapped for time here. The Google translate version is surprisingly quite accurate though. If I have time, I would clear the translation up.  Yes, the show is hosted by '经济半小时', (literal: Economics in half an hour), a famous economics talk show in China. It gives a positive overview of Bitcoin, touching on various aspects of Bitcoin (including Bitcoin in Cyprus and the impact in China by interviewing a few Chinese Bitcoin users), and the general Bitcoin economy in China. They touched on friedcat's ASICMiner venture, Avalon and other ASIC companies in China, interviewed a couple of financial analysts working for banks in China, Canada's house for sale in BTC, coffee shops taking BTC in China, interviewed a bitcoiner from Brazil residing in China for the low electrical costs (and a lot of backstory), showed them a sale using Bitcoins, and a lot more. They even interviewed a Bitcoin hedge fund manager in China, which says that he has been getting increased interest in Bitcoin investment lately and a lot more positive stuff. I can't cover much atm as I'm going out soon though - I'm merely reading the script here: http://jingji.cntv.cn/2013/05/03/VIDE1367596319388137.shtmlIn a nutshell, this is quite a concise overview of Bitcoin, and everything is shown in a positive light apart from the regular warnings (careful of investing, bubble concern, tulip mania etc). Google translate version of the script (sorry, no time at the moment - ask if anything is not clear) Thanks a lot for the synopsis. Really super helpful! I think word-for-word translation may be unneccesary since Google's machine translation seems coherent enough to follow. Anyone got an (order of magnitude) estimate on the number of viewers for 经济半小时 ? |
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I watched the entire thing. I understand nothing. (Other than that this coverage seems like a fairly significant event for Bitcoin in China.) Sure wish I had some command of standard chinese today. Would you guys be interested in offering a community bounty for proper subtitles? (0.1 BTC per minute of finished translation perhaps.) Could anyone in or from China offer a brief synopsis of the main points? John? |
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By the way what's going on with silk road? Any news? Any indication as to when they might be back up?
'UPDATE (05/03/2013 0545 UTC): The attacks have been coming non-stop since my last update. We've been able to keep the site open more than half the time with only minor issues such as limited image uploading for vendors. Every hour we are making progress and I am feeling much more confident that we will come out on top within the next few days. Still, expect some unannounced down-time here and there.' http://www.reddit.com/r/SilkRoad/comments/1dm7id/latest_update_from_dpr_05032013_0545_utc/ |
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The ATM demo/press conference was supposed to have happened at 1pm today.
I wish there was a live feed or a link to it.
Here you go: http://new.livestream.com/accounts/3824848/events/2074798 I can still access the presentation and demo after the fact. Feels like a momentous event in Bitcoin history. |
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