|
1361
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 08:25:11 AM
|
I don't know of any other instrument where traders will put that much effort into maintaining the price $666. Is $666 bullish or goatish?
I do like goatish  The pull to $666 is kind of weird, I think its been the stickiest point on the charts so far and that's become a trend but the first few times around it screamed of manipulation. $13 had an awful lot of pull too but if it was just the draw of a well know figure then $69 would also have been a sticking point (as would the 8's on the Chinese exchanges). It strongly suggests someone taking advantage of superstition, the kind of someone that believes the Christian god is on their side and is unaware those figures will be more inclined to stir interest from younger generations than to dissuade them, I'm thinking knights of templar and the holy wars here. Pure tinfoil but some sort of explanation is needed for the amount of funds expended on maintaining that figure. I'm leaning towards confirmation bias - you look for the price to approach 666 since it seems significant, but don't notice if it hovers around some other number much more reliably. That said, the idea some practitioner of The Art somewhere might have been an early adopter and is now using the wealth gained for ritual purposes - or as a joke, if there's a difference - makes about as much sense to me as the whale conspiracy theories that get thrown around here. you call it confirmation bias, I just see human nature. also, new charts.  I stupidly hit refresh so I had to re-draw the lines, huobi bottom line is much more aggressive in this set, looks most likely to be broken. also bitstamp still the hardest to draw. btc-e still charts like a champ!  |
|
|
|
|
1362
|
Economy / Speculation / Re: Automated posting
|
on: June 03, 2014, 07:27:55 AM
|
If you can't see a double top formation, then you are a greedy delusional bull  If you can't see a tyrannosaurus tail formation, then you are not a true wall observer. |
|
|
|
|
1363
|
Economy / Speculation / Re: Automated posting
|
on: June 03, 2014, 07:15:22 AM
|
The future is still ahead, this is just one big whale pushing with borrowed money paying high rates to me ( $1.5m borrowed yesterday) , $21.5 million in longs currently, the fall gonna be epic.. I hereby revise my prediction: 500 in 2 weeks  If you can't see a double top formation, then you are a greedy delusional bull you think we'll break any of these low lines?  btc-e looks close already, but they're always a little low. |
|
|
|
|
1364
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 07:07:36 AM
|
First of all leverage with bitcoin is a big no no lol.. even 500:1 gbpnzd during london session is better than that
you kiddin'? As long as you go long like 1:2.5 or so leveraged you are perfectly fine. It's actually far less gambling that trying to sell to rebuy lower in a bull market lol ehhh, maybe it's cuz I'm not sophisticated enuf, but I'll take my cold storage over your leverage all day, every day. |
|
|
|
|
1366
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 06:51:06 AM
|
What kind of fucking bullshit is this
Like honestly.. what on earth does this do? Going down where we were 6 hours ago, right away. What a bunch of shit.
Thank fucking fuck that I got out with my longs 3 days ago, but this is just painfull to watch at the moment. Go through that fucking roof already.
as long as you're not getting emotional about it, I'm sure you'll be fine. just stick to the plan. This has nothing todo with emotions anymore. I've made some nice bucks over the last 12 days. No problem... But this market just makes me go fucking nuts. Look at it yourself, honestly. This shit is not normal, Imma stop going forex from now on. Seriously had enough of it. You can get burned so damn fast with this BTC market. Long nor short, you will get burned somehow. Imagine going in for a long position for $1500 and it drops $15, you nearly lose $890 right away. It's insanity Im done with Plus500 and BTC at this moment. Withdrawn my money and I'll check once in a while what the prices be. Still have my own 12 Bitcoins left. See what it's worth in a month.. or 2. Maybe it's because my investing background and experience is mostly NFL betting with some world cup soccer thrown in every once in a while, but this is all just betting. it's much better with bitcoin because you can just cut your losers and ride the winners, but still it's pretty much the same, it's just betting. I'm glad that bitcoin is the first market I've ever followed, because everything that's happening this past week or so looks perfectly normal to me. I'd never touch leverage and margin and all that scammy stuff. leave it at wall street where it belongs. just my opinion. |
|
|
|
|
1367
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 06:40:22 AM
|
What kind of fucking bullshit is this
Like honestly.. what on earth does this do? Going down where we were 6 hours ago, right away. What a bunch of shit.
Thank fucking fuck that I got out with my longs 3 days ago, but this is just painfull to watch at the moment. Go through that fucking roof already.
as long as you're not getting emotional about it, I'm sure you'll be fine. just stick to the plan.  we still haven't broken any of my arbitrary lower resistance points, so everything is still peachy keen! place your bids and asks accordingly. |
|
|
|
|
1368
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 06:21:40 AM
|
slow and steady, just stay under the radar for as long as possible. It's a bit too late to stay under the radar. We are on radars, for years already, obscurity is not our protection anymore, our only protection is the speed. If we move as fast as possible, we have a chance to escape our mighty but clumsy enemies. yeah, I dunno, I don't think speed is exactly our friend either right now, at least in terms of price. If the price can stay at least respectably low (like at least below 1500 please?) then maybe they will get some favourable legistaltion in place I'm just hoping that they spend enough time trying to figure out how to regulate it by monitoring the gateways that they don't realize that where we're going, we don't need no stinking gateways! |
|
|
|
|
1371
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 05:46:23 AM
|
Heavily involved miners is my guess...
I had a theory about that a while ago, something about how geeks in their basements can mine for months and not take profits, but institutional miners with real bills to pay will be cashing out like clockwork, and will help to curb our enthusiasm on this next epic rise. or something like that Well, as the price goes up miners need to sell less coins to pay their budgets. As they sell less coin, there is less coin on the market making the price rise even more. and as the price goes up, the competition for mining goes up, and then the hashrate goes up, and then you're getting less coins, and then.... it's really a brilliant incentive model, someone should do their thesis on that./ |
|
|
|
|
1372
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 05:38:13 AM
|
Heavily involved miners is my guess...
I had a theory about that a while ago, something about how geeks in their basements can mine for months and not take profits, but institutional miners with real bills to pay will be cashing out like clockwork, and will help to curb our enthusiasm on this next epic rise. or something like that |
|
|
|
|
1376
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 04:39:55 AM
|
cHOO cHOO  i'm hoping that this trend will continue, but if i remember well, the last summer the increase wasn't exciting. let's wait a different pattern. I don't think bitcoin will follow a seasonal pattern. perhaps a numerical or mathematical one, a subset of the block-halving or something. at any rate, I am expecting fireworks in 2016 and I do not want to be disappointed. |
|
|
|
|
1378
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 04:20:06 AM
|
Watch Huobi fellas. Down or up.. Lead or not to lead.
their morning rush to react to stamp staying above 660 not sure why but huobi market action seems to be more mature than the rest...  just a very nice down channel with lower highs and lower lows, until it was broken, and then it was significantly broken, and a fairly good leading indicator too when it never got close to touching the lower bound before smashing the upper one... I can't get any read on a new upward channel on huobi... I suspect you'd have to zoom out for that. I also suspect that some resistance might be met at 4200. but I still trade mostly on gut, I find it more reliable. |
|
|
|
|
1380
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2014, 03:08:42 AM
|
Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world?  That could only happen if some 21 million other bitcoins were lost on accident. Or the galactic council decided to admit the Earth.
you never know, an idea like bitcoin might sway them -edit- btce moving up, no quiet time around here. maybe btce are aliens? -edit 2- nm, just all markets gravitating towards 666, again. |
|
|
|
|
Show Posts
