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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26836534 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
Spaceman_Spiff
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December 13, 2015, 02:26:02 PM

Looks like it wants to make a small jump up
Spaceman_Spiff
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December 13, 2015, 02:33:46 PM

Looks like it wants to make a small jump up
nailed it  Wink
Tzupy
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December 13, 2015, 02:40:16 PM

Seriously, you guys are still counting BTC/CNY volume on Huobi and OKCoin? Get a clue.

Thinking is kinda what we do here now. Old-timer. Tongue
Calling me 'old timer' only adds to my point here. Nearly two years ago I left, when all of this Chinese bs was going on, and when I came back I expected was ample time for the Chinese to be completely capitulated and out of the market, and that that fake CNY volume would be completely debunked. In fact it is well known that the CNY volume is fake and it was even way back then. Coindesk doesn't even include those exchanges in it's calculation. USD and adoption are supposed to be running the show now, but here we still have jokers talking about how 'the imaginary chinese whale dumped his 80,000btc/cny on Huobi'.

Except that it's not USD and adoption running the show, if it were so then price would be sub 200$.
The largely fake Chinese volume, with apparently Huobi leading, is driving the price.
BlindMayorBitcorn
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December 13, 2015, 02:40:49 PM

Looks like it wants to make a small jump up
nailed it  Wink

Totally organic, just the way Lambie likes it. Wink
oda.krell
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December 13, 2015, 02:43:11 PM

@CATO

Just saw your follow up post... Looks like you're equating "truthfulness" with "randomness" - that's quite an assumption.

For example (simplifying), you could treat one volume as (mostly) representing "demand", and the other as (mostly) representing "the appearance of demand". If you could correctly tell which it is (not necessarily always, but with more certainty than by pure chance),  the latter volume contains information again you could include in your model.

Not saying that's the way to go, but just to show that "somewhat predictably lying" is still information, even if the output has to be put through a different function than non-lying information


(EDIT) Also, that was one of the fastest ignores, @^
ssmc2
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December 13, 2015, 02:47:29 PM

Some of you (bears) need to accept we are now in BULL mode. For the next few years at least. So, yes we will have dips and corrections, but the general trend is now- UP. Don't fight the trend.  Wink
julian071
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December 13, 2015, 02:47:34 PM

Looks like it wants to make a small jump up
nailed it  Wink

Wow, nice one! How did you see that coming if I may ask?
Spaceman_Spiff
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December 13, 2015, 02:51:24 PM

Looks like it wants to make a small jump up
nailed it  Wink

Wow, nice one! How did you see that coming if I may ask?

Years of staring at the charts, combined with blind luck  Grin .
julian071
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December 13, 2015, 02:52:34 PM

Looks like it wants to make a small jump up
nailed it  Wink

Wow, nice one! How did you see that coming if I may ask?

Years of staring at the charts, combined with blind luck  Grin .

Lol. OK thx =D
peonminer
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December 13, 2015, 02:52:50 PM





Care for some roasted lamb, anyone?




Spaceman_Spiff
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December 13, 2015, 02:53:38 PM

Looks like it wants to make a small jump up
nailed it  Wink

Wow, nice one! How did you see that coming if I may ask?

Years of staring at the charts, combined with blind luck  Grin .

Lol. OK thx =D
Don't think we are done yet by the way, I am guessing this goes to 445-450.
becoin
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December 13, 2015, 02:53:45 PM

Looks like it wants to make a small jump up
nailed it  Wink

Wow, nice one! How did you see that coming if I may ask?
It's easy. The bear whale will try to buy back all the bitcoins they sold out yesterday before Monday. It is not possible without new top though.
 
billyjoeallen
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December 13, 2015, 02:57:52 PM

so a 500 coin pump causes a $5 price bump. At that rate, it would take only 3 million $ to get to $500 and probably ~ 10 million bucks to do it world wide. Get at it, bulls. You know you've been waiting all weekend for your discount, so BUY BUY BUY because new fiat gets to the exchanges when the banks open tomorrow.


ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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December 13, 2015, 03:00:38 PM

Coin



Explanation
Patel
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December 13, 2015, 03:04:18 PM

Patiently waiting for 500

Divitiae miserae
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December 13, 2015, 03:04:34 PM

Let's see if the Chinese have manned up in order to break the three thousand level.
peonminer
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December 13, 2015, 03:04:54 PM

Lambie chillin' in front of her screen watching the steady organic growth like



We're just over here watching it too, like

oda.krell
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December 13, 2015, 03:22:09 PM

@cato/lamb/etc

Hmm. Kind of difficult to feel sorry for that ban, given how much meaningless spam your accounts did produce over the year(s).

That said, the 'lying guard' remark on volume actually gave me a new idea on the whole volume deal (as in: look at it as 1st, 2nd, etc. order readings), so I'd like to say thanks for that Smiley
koryu
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December 13, 2015, 03:44:30 PM

fuck off.. bought back in
White sugar
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December 13, 2015, 03:51:17 PM

That's was just a bear trap.

Time to buy back in, if you didn't already
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