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

[adamstgBit]

[vuduchyld]

I find it interesting that the Huobi premium over Bitstamp is now something like $11 or $12.  Last week it was $20-25 with moments of $40-50.

[Bicmac1973]

Huobi API down again?

[Ab-Soul]

I see market is bullish, forum is bullish, I hope we won't see any reverse trend. I'm %100 in Bitcoin right now.

[Bicmac1973]

Huobi API down again?

Seems to be not just the API but www.huobi.com is also not reachable. (Connection timed out)

[Meuh6879]

Price continues to droop

rise, rise ... not drop !

[r0ach]

I see market is bullish, forum is bullish, I hope we won't see any reverse trend. I'm %100 in Bitcoin right now.

It's still bullish, it's just the China spread + uncertainity of where the price is going to land after the big rise has everyone scared of where it's safe to buy at.  Probably take one week before things are worked out.

[peonminer]

Hey bears, I'm with you, bitcoin is going to crash and burn.

all the way down to 340!!!

*peon faints

[ChartBuddy]

Coin

Explanation

[Andre#]

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

How about this as a strategy for a lazy trader (like me)? It's the cross-overs of K and J of the KDJ indicator.

Hasn't crossed over quite yet  

It did on Bitfinex. Anyway, if it does happen to bounce off, I'll just have to take the loss. Even if it goes wrong once every two years, it's still pretty good.

[MatTheCat]

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

How about this as a strategy for a lazy trader (like me)? It's the cross-overs of K and J of the KDJ indicator.

Yeah, these indicators are great for telling traders what has already happened.....

Look back to Sept 30th 2013. Bitcoin was just above $100, we had the Silk Road crash, and the Weekly KDJ was pointing DOWN! Probably, at the time, the KDJ was right on the point of crossover, except Bitcoin then shot up to $1200, and the lagging KDJ indicator took a slight little turn up again, for just a short time, as Bitcoin went up by over 1000%.

In otherwords, a fucking terrible indicator to be using in isolation.

[r0ach]

China rally is re-started, might be a huge breakout coming:

[wutizurkwest]

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

How about this as a strategy for a lazy trader (like me)? It's the cross-overs of K and J of the KDJ indicator.

Hasn't crossed over quite yet  

It did on Bitfinex. Anyway, if it does happen to bounce off, I'll just have to take the loss. Even if it goes wrong once every two years, it's still pretty good.

Have you backtested it against historical data?  Performing well down is one thing, sideways is another, that tends to kill MA crossover strategies.  Goomboo's Journal thread has some relevant advice. https://bitcointalk.org/index.php?topic=60501.0

Edit: If you start looking for optimal signals, you might want to try this heatmap approach: https://bitcointalk.org/index.php?topic=60501.msg736808#msg736808

[ChartBuddy]

Coin

Explanation

[ssmc2]

If China gets above 2550....

[MatTheCat]

Noticing that Wally the Wall Guy, is popping a 1300 BTC Ask Wall on Bitstamp, then pulling it, then putting it back up.

Also a Monster Wall (relative to it's size) on Kraken.

Will be the same entity as yesterday, with his Wall going in at right the same price point, but with the Wall(s) on that occassion being Bid Walls......which were eventually eaten up....by himself...or who knows, maybe even the rest of the market.

[Fatman3001]

China rally is re-started, might be a huge breakout coming:

I see what you mean. Looking good.

[Hyperjacked]

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

How about this as a strategy for a lazy trader (like me)? It's the cross-overs of K and J of the KDJ indicator.

Yeah, these indicators are great for telling traders what has already happened.....

Look back to Sept 30th 2013. Bitcoin was just above $100, we had the Silk Road crash, and the Weekly KDJ was pointing DOWN! Probably, at the time, the KDJ was right on the point of crossover, except Bitcoin then shot up to $1200, and the lagging KDJ indicator took a slight little turn up again, for just a short time, as Bitcoin went up by over 1000%.

In otherwords, a fucking terrible indicator to be using in isolation.

Well I must say...

I think Torque is close...and The mad cat in da hat has made some interesting posts!

See you guys in da AM!

cheers

[BlindMayorBitcorn]

I really hope this is Stofl's campus

Brazilian University Accepts Bitcoin, Installs Campus ATM

[Cconvert2G36]

I really hope this is Stofl's campus

Brazilian University Accepts Bitcoin, Installs Campus ATM

A "private" University? Pfffft.

BRL derived from taxes tastes so much sweeter.