Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[dreamspark]

Gox trying to rally again

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[hdbuck]

+1000
really appreciate your figs bro
simple, clear and undebatable.
people who dont shotr should not be allowed in this thread anymore. sick of those permabull fools

It is now mandatory to short? wtf get outta here...   can we not all agree that people trade, and invest with different goals, budgets, strategy, timescales, lifestyles?  who the hell is anyone to tell anyone else how to trade? if you want to short, short, if you want to hodl , hodl...
pretty simple

what i was implying is that not even a month ago, those permabull kept on insulting and beeing irrational retarded toward people such as fonzie who claimed they would short. if you cant understand that and being polite, be my guest and gtfo

Yah... okies, the line "wtf get outta here"   was intended in a "what you talking about Willis?" type fashion... think Arnold from different strokes.... maybe I sould have included a : )


However.... just want to point out that you are saying that people were against Fonzie because he wanted to short? nope sorry... people against Fonzie because he was behaving like a borish troll of the very worst kind....with no contribution, and basically wishing with glee that people lost their shirts,  nothing against people that want to short, nor hodl , I just think it is better if people come with some substance some debate, some info, something to say other than the whole  "you must trade like me or you are doing it wrong , my way is better than yours, or if you a a perma bull or hodlr you are an asshole , or if you are a short you are wrong and evil" crap.......... is just that.... crap.....  BS and noise.    

Fact is everyone has different goals, budgets, time, lifestlye etc and so for some people trading and shorting the market will work, if they are adept, and for others it will not.  For some people hodling and buying dips is their preffered method etc etc...

Your post suggested that any perma bulls hodlrs be "not allowed to post" which is a tad daft to me...

Let people do as they will, and if they want to actually be taken seriously, then contribute with analysis and TA or discussion , ideas , thoughts, strategy etc
because I am as sick of the perma bears as you are of the perma bulls, and I am as equally sick of the "who has got the biggest dick competition" which is basically all that has been on this forum for pages and pages... my way is better than yours .... around and around in never ending circle .. like toddlers argiung about who has got the best mom.

yea i hear you, maybe i was beeing a little bit excessive in my reasoning. However, i would believe that people interested in tracking bitcoin's price movement would intent to trade a little with the keys and figures provided in this thread. If they cant stand bearishness on the short term, it is simply not a place for them. better go to that HODL thread

but we do all agree we are going to the moon somedays and thats what's important and makes us awesome

[empowering]

Good luck to you hdbuck : )



And Good luck to you all , hodlrs, shortrs, bears and bulls... may your profits be many and your life full !

One way or another 2014 is shaping up to be very very entertaining indeed !

[billyjoeallen]

Gox trying to rally again

Stamp price isn't as sensitive to Gox since the Coinbase buy-in last night, but CB prices are rising and if they run out of coins in their hotwallet, they will reload from Stamp, driving price up there as well. Currently ~$3 higher in San Fran.

[mmitech]

Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).

that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive...

and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here

Your average is positive in fiat or bitcoins?

Yeah, I didn't miss your point. I was more interested in the chart. I don't need a reminder that the internet is full of trolls!

Bitcoin and I cashed some profits to be honest...

[ErisDiscordia]

Funny, not heard from her in a while. Perhaps she is dangling from a rope in some attic somewhere?

You, sir, are the Hannibal Lecter of Bitcoin.

Not by a long shot. Hannibal had class and a level of calmness and self-assurance which was infuriating and horrifying to those around him. This guy, while obviously well-spoken and intelligent, chooses to present himself like an angry butthurt teenager most of the time    

[Holliday]

Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).

that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive...

and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here

Your average is positive in fiat or bitcoins?

Yeah, I didn't miss your point. I was more interested in the chart. I don't need a reminder that the internet is full of trolls!

Bitcoin and I cashed some profits to be honest...

[joburgtaxi]

Question  

What is the difference between the solid and the hollow bars on the MACD ?

[mmitech]

Some would call me a troll, but here you go












But I am not going to tell you where are my open orders




I took down the Pictures, proved my points here

[JayJuanGee]

Which reminds me, MABtc, you haven't posted any of your good TA lately.  Got some to share?

I posted this a couple days ago, still looking for bearish signals. We hit my first target and corrected, now re-testing the first down trend line. I expect resistance at $640-650, and am looking for a reversal there. However, can't be sure that we won't see a longer break from the down trend than that -- a trip into the $700s is possible. But as Gox rises, the correlation weakens... I don't think we'll see a sustainable rise from here. And I definitely don't think the bear market is over.

agreed, two months is too wide a range, we're in a major period of price discovery at the moment, and I expect we'll find capitulation within the next week. Two months is pretty much guaranteed.

A week? That's pretty optimistic even for a bear.

I think we still may see some bounce from oversold conditions. This still on target for now:



But TA takes a back seat to repeated Goxxing. We'll see what happens upon another update re: withdrawals and how closely Stamp follows...

I agree with you that we are going to be bearish for a while.. but once there is any clear tendency towards clearing up the GOX matter, then BTC is going to go to the moon... double in value within a short period of time... there is a lot of pent up demand for BTC ... just waiting for a clear signal... and wanting anything to be good news and willing to let GOX go and still be good news... b/c btc clarity...

[billyjoeallen]

Some would call me a troll, but here you go

No coins at all. Fail.

[mmitech]

Some would call me a troll, but here you go

No coins at all. Fail.

you want me to sign my address for you ?  and bet for 10 BTC do you have balls ?


Edit: some of us use something called Paper wallets for their long term investments, it proved to be more secure, you should try it, for 10 BTC I will take the hassle and go through the process of signing my address for you

[Holliday]

Some would call me a troll, but here you go

No coins at all. Fail.

No coins on an exchange. I would call that a win!

[SheHadMANHands]

Man... sometimes just feels amazing to think of BTC volatility, compared to traditional equities.  News headlines like "Mt Gox rises 200% amidst withdrawal rumors".  Rofl

Glad to be on for the epic ride.  You know bruh?

[JayJuanGee]

I don't get why the rest of the markets (Non-Gox) go up if there is really a remote possibility of Gox enabling withdrawals, Can you imagine the amount of bots that are ready to transfer everything from Gox to BTC-e, Stamp, etc and close the arbitrage gap? The bigger the gap is the bigger the benefit (and the crash in the rest of the markets).
IMHO you should be in fiat on the rest of the markets and wait to buy when the arbitrage starts...

I am thinking that what is going to happen is that Gox will announce some kind of limited withdrawing system  (high enough to inspire confidence, but low enough to prevent GOX whales, if such exist, from engaging in massive dumps) ... maybe the withdrawal limit would be up to 10-20BTC per week or something like that, and all of the BTC markets will go up upon the news... then when Gox BTC holders begin to dump their BTC, those dumps will NOT create enough of a negative effect to offset the positive news b/c the withdrawal limit is sufficiently low at Gox.

[billyjoeallen]

Some would call me a troll, but here you go

No coins at all. Fail.

No coins on an exchange. I would call that a win!

Good point. I retract and apologize.  mmitech, You may want to keep your coincount to yourself. It's not worth exposing your total stash just to win a pecker-flexing contest.

[oda.krell]

Some would call me a troll, but here you go

No coins at all. Fail.

No coins on an exchange. I would call that a win!

Good point. I retract and apologize.  mmitech, You may want to keep your coincount to yourself. It's not worth exposing your total stash just to win a pecker-flexing contest.

Looks like you're in this game since 2011. If you have less than 4 digits of coins to your name, somewhere down the road you screwed up.

[T.Stuart]

Some would call me a troll, but here you go

No coins at all. Fail.

No coins on an exchange. I would call that a win!

Good point. I retract and apologize.  mmitech, You may want to keep your coincount to yourself. It's not worth exposing your total stash just to win a pecker-flexing contest.

Looks like you're in this game since 2011. If you have less than 4 digits of coins to your name, somewhere down the road you screwed up.

Then you did see his post a few weeks ago saying that he realised now that he would never reach his target of 1,000 coins?...

[EuroTrash]

Looks more and more like flying dead cat on its way back to earth.

[ErisDiscordia]

So this crossover on 6h time interval is significant amirite? We haven't seen this since the second, steeper downward climb started on Feb 6. What do you TA guys make of this?