BlindMayorBitcorn
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March 15, 2015, 04:07:37 PM |
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There's a wall in under 300$, let's see if we can cross it.
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SirZelmer
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March 15, 2015, 04:12:17 PM |
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We are going for it, with this last month grow, we didnt fall much and we have stable price now.
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Sitarow
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March 15, 2015, 04:13:26 PM
Last edit: March 15, 2015, 04:31:35 PM by Sitarow |
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There's a wall in under 300$, let's see if we can cross it.
Important to note is that Bitcoin to USD price history has not been manipulated, unlike other historically respected reporting authorities regarding climate conditions. Indeed the internet has put a wrench on the concept of information manipulation. However may change soon. Making blockchain tech is so important.. https://www.youtube.com/watch?v=4Ew05sRDAcU&t=266 |
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Meuh6879
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March 15, 2015, 04:17:56 PM |
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There's a wall in under 300$, let's see if we can cross it.
Robot is more strong, it's all ...  |
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criptix
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March 15, 2015, 04:20:25 PM |
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^What should *I* say? I was not promised $10k coins, they told me $300k coins were a sure thing!
^ I was promised $10k coin tho. Everyone was super sure about $10k coins, so I just borrowed $ @10%/week from this guy I know & went long. How much longer do you think this is gonna take? Because I don't think I can stall him much longer, and he compounds  Sell your organs we gonna see a trillion $ per btc in 23 hours - pinky pony promise |
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oda.krell
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Merit: 1007
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March 15, 2015, 04:37:24 PM |
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Suppose you have a 9 day moving average in a daily chart, you average over nine days of which one is today, then 4 days are past and 4 days are yet to come. So you cannot know the 9-day moving average of today until 4 days from now. Hence the 9-day moving average can only be drawn into the chart up to 4 days ago. All those nice chart tools ignore this, and put the data point on today instead of 5 days ago. You can actually see this easily in the chart, as the line clearly lags behind the un-averaged data.
Conclusion, a 9-day average lags behind 4 days, and a 5 days average lags behind 2 days. Therefor, you can't compare them meaningfully unless you shift them to the right place in time (so 4 days to the left for the 9-day average, and 2 days to the left for the 5-day average).
I looked if you can shift the moving average lines to their proper place in bitcoinwisdom, but didn't find such option, unfortunately.
That's an objection to the use of averages in TA I've heard several times, and it's valid in principle, but: a) It assumes you are looking at it from a signal processing perspective, where using averages like this way would simply be wrong. Instead, chartists know (intuitively at least, I believe) what is going on, and accept that the m day average from days n-m to n plotted to day n is a lagging indicator, and then try to work around this inherent lag. I.e. should it matter if we are talking about now, two months ago, or next month? Should it matter if things develop at half or double the speed? Should it matter if things go in reverse (that the principles involved in a decent in price are basically the same as the ones involved in an ascent)? Obviously not. Though a non-shifted MA doesn't mean you treat a descent like an ascent, no? Here's the counter question: Can you exclude (in general) that a signal that lags by n day is useless to base a market decision on? Maybe. Next question: What if a certain number of market participants make a decision based on the (mis)application of the lagging indicator? Still guaranteed that there is no exploitable pattern in there? |
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Cassandra_PR
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March 15, 2015, 04:38:30 PM |
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novusordo
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March 15, 2015, 04:46:53 PM |
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^ I was promised $10k coin tho. Everyone was super sure about $10k coins, so I just borrowed $ @10%/week from this guy I know & went long. How much longer do you think this is gonna take? Because I don't think I can stall him much longer, and he compounds It'll all work out My Pal, I promise. |
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ChartBuddy
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Activity: 2352
Merit: 1804
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 15, 2015, 04:59:06 PM |
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GreekGeek
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March 15, 2015, 04:59:54 PM |
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I'll just leave this here  source : stats.grok.se |
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ChartBuddy
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Activity: 2352
Merit: 1804
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March 15, 2015, 05:59:10 PM |
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podyx
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Merit: 1035
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March 15, 2015, 06:12:50 PM |
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I'll just leave this here source : stats.grok.se fake...  |
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hyphymikey
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March 15, 2015, 06:23:20 PM |
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Why do all the bears keep saying that we didn't break 300 after X attempts? WE BROKE $300 ON BITFINEX!
If you say that one exchange doesn't count, then you can never reference Bitfinex interest rates, amount of longs, or shorts, if you clearly dismiss their price.
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ubercool
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March 15, 2015, 06:27:10 PM |
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Why do all the bears keep saying that we didn't break 300 after X attempts? WE BROKE $300 ON BITFINEX!
If you say that one exchange doesn't count, then you can never reference Bitfinex interest rates, amount of longs, or shorts, if you clearly dismiss their price.
But Bitstamp matter most and we did not on Bitstamp that is why we still have doubt that it is really bullish or not. |
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bad trader
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March 15, 2015, 06:36:36 PM |
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Why do all the bears keep saying that we didn't break 300 after X attempts? WE BROKE $300 ON BITFINEX! It's not a breakout, if it gets sold back down (or gets bought back up) almost immediately. By the way, imminent breakout? |
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kodtycoon
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Activity: 1568
Merit: 1002
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March 15, 2015, 06:52:12 PM |
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Why do all the bears keep saying that we didn't break 300 after X attempts? WE BROKE $300 ON BITFINEX!
If you say that one exchange doesn't count, then you can never reference Bitfinex interest rates, amount of longs, or shorts, if you clearly dismiss their price.
But Bitstamp matter most and we did not on Bitstamp that is why we still have doubt that it is really bullish or not. HAHA funny.... |
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WeltMaster
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March 15, 2015, 06:58:05 PM |
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... we still have doubt that it is really bullish or not.
This is shaping together nicely |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 15, 2015, 06:58:50 PM |
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Why do all the bears keep saying that we didn't break 300 after X attempts? WE BROKE $300 ON BITFINEX!
If you say that one exchange doesn't count, then you can never reference Bitfinex interest rates, amount of longs, or shorts, if you clearly dismiss their price.
But Bitstamp matter most and we did not on Bitstamp that is why we still have doubt that it is really bullish or not. HAHA funny.... the only reason it was broken temporarily on bfx was that some shorts got margin called or panic cancelled... so annoying as I had a sell order at 304.1 that was missed :  |
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ChartBuddy
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Activity: 2352
Merit: 1804
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March 15, 2015, 06:59:07 PM |
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hyphymikey
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March 15, 2015, 06:59:56 PM |
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Why do all the bears keep saying that we didn't break 300 after X attempts? WE BROKE $300 ON BITFINEX! It's not a breakout, if it gets sold back down (or gets bought back up) almost immediately. By the way, imminent breakout? A breach or break, and a breakout are two different things. They are acting like we never sold a single satoshi over $300, and we did. |
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