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Author Topic: Good signals to trade BTC  (Read 1293 times)
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June 05, 2011, 09:11:43 PM
 #1

Let's make a list of potentially good signals to predict BTC price movements
1. Number of news about bitcoin last day http://www.google.com/search?q=bitcoin&hl=en&tbm=nws&tbs=qdr:d . Or better number of non-blog or mainstream news.
2. Number of twitter messages containing "bitcoin" last day (how to measure it? the newest are displayed here http://www.google.com/search?q=bitcoin&hl=en&tbs=rltm:1 )
3. Amount of btc in unconfirmed transactions. If there are large movements, it may indicate, that someone is moving BTC to mtgox to sell them.
wget -q http://bitcoincharts.com/bitcoin/ -O - |grep input|sed 's/[^0-9.]//g'|awk '{sum+=$1}END{print sum}'
4. Time. Usually between 8:00am-12:00 happens a large rise, when usd flows into mtgox/dwolla

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stic.man
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June 05, 2011, 09:13:41 PM
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probably when dipshits make threads screaming "COLLAPSE"
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June 05, 2011, 09:18:46 PM
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Best indicator for large movement in either direction I've observed is an extended period of low volatility...  Grin

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June 06, 2011, 08:07:26 AM
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Let's make a list of potentially good signals to predict BTC price movements

The "weekend dip" was a regular occurrence where if by Wednsday evening the 7-day high was lower than the previous 7day's high, then sell on Wednesday night / Thursday morning and buy everything back on Sunday late afternoon for a 10- to 15% profit.   An underlying reason for this was CoinCard was cashing out bitcoins and acted as a spigot allowing withdrawals but at the same time during the weekend there was no incoming bank wire or other method to add funds.

Today, with Dwolla and several other funding methods, I don't know that the same behavior will recur.

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June 06, 2011, 08:31:19 AM
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Best indicator for large movement in either direction I've observed is an extended period of low volatility...  Grin

Just like earthquakes: tectonic energy builds up, until a sudden release comes and moves everything around.
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June 06, 2011, 08:50:34 AM
 #6

Personally, I have a series of omens and signals. Yesterday, I threw a dart at a map on the wall and it hit Puerto Rico. P is the 16th letter of the alphabet, which is just above the middle, so I planned for a small rise and it was right. Thank you, Puerto Rico. Namaste. Then, about 3 hours ago, I meditated about Bitcoin and opened Women's Day magazine randomly, and there was an ad for Head and Shoulders shampoo. Of course, this was a spiritual reference to a bearish "head and shoulders" reversal pattern, which is exactly what happened.

A few days ago, I tripped over a dog toy and the first thing that I saw after this attention-getting moment was my DVD for the movie, "Up". Of course, that meant that bitcoin was going to go up, and it immediately shot up. At the end of last month, before the large difficulty increase, I accidentally bumped my head, and of course that injury was my ancestor's way of telling me that there would be a "bump" in BTC exchange rate. Later, right at about when it peaked, I found an old package of Marshmallow Peeps from Easter. Surely, as "peep" rhymes with "peak" it meant that I needed to sell immediately. Also they were the rare red Peeps, which is the color of a negative change on my chartbook.

Me: 15gbWvpLPfbLJZBsL2u5gkBdL3BUXDbTuF
A goat: http://i52.tinypic.com/34pj4v6.jpg
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June 06, 2011, 09:59:35 AM
 #7

Best indicator for large movement in either direction I've observed is an extended period of low volatility...  Grin

Just like earthquakes: tectonic energy builds up, until a sudden release comes and moves everything around.

 Smiley

Or just like sitting in the lavatory randomly reading Women's Day magazine (thanks Horkabork Cheesy) and waiting for the tectonic-energy-release-stuff...  Roll Eyes

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