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

[Richy_T]

As the old saying says:

Disregard emotions, acquire BTCs.

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[Richy_T]

It's usually drawn as a triangle. But as someone with a physics background, I see it like this:

Right. But an alteration is required to reflect markets being different from analogue wave-forms. The Y-axis can't go below zero, so the quiescent state is at some positive value. For Bitcoin, during the first oscillation it was $115.34, the 2nd it was $114.66 and the last it is $110.36 (as it changes with time).

Sure. But the zero just means displacement from the mean. A car's suspension is a damped oscillation but that doesn't mean it goes through the road when you run over a squirrel.

[Frozenlock]

As the old saying says:

Disregard emotions, acquire BTCs.

Oh. My. Gawd.
Did you print this? Do you have the model?

[needmorecoins]

I purposely only nap for 4 hours and the price dropped $5 =.='

[Richy_T]

Sure. But the zero just means displacement from the mean. A car's suspension is a damped oscillation but that doesn't mean it goes through the road when you run over a squirrel.

What is more interesting to me is why, when the oscillation has about died away, the tendency seems to be for things to fly off in one direction or the other. I don't seen any obvious mechanism.

[fourkey2001]

Sure. But the zero just means displacement from the mean. A car's suspension is a damped oscillation but that doesn't mean it goes through the road when you run over a squirrel.

What is more interesting to me is why, when the oscillation has about died away, the tendency seems to be for things to fly off in one direction or the other. I don't seen any obvious mechanism.

108 broken

[Richy_T]

As the old saying says:

Disregard emotions, acquire BTCs.

Oh. My. Gawd.
Did you print this? Do you have the model?

I was just searching randomly and

http://www.shapeways.com/model/725214/joseph-ducreux-sculpture.html?li=productBox-search

I think I may buy one myself. Very reasonably priced.

Also

[Nightowlace]

Okay I just dumped 126, looking for someone else to jump on this and drive it to $108

[fourkey2001]

Okay I just dumped 126, looking for someone else to jump on this and drive it to $108

Dumping 50 at 108
120 at 107.80

and 150 at 107.5

to keep the motion down

[michaelGedi]

I have updated my recent analysis (I can see why you guys have so much fun with this line drawing business)



While the tone is rather playful  , the general gist of the above chart holds some weight in my opinion

favourite TA post ever, thank you so much for this

[Frozenlock]

Okay I just dumped 126, looking for someone else to jump on this and drive it to $108

Dumping 50 at 108
120 at 107.80

and 150 at 107.5

to keep the motion down

Bear plunge team?

[fourkey2001]

Okay I just dumped 126, looking for someone else to jump on this and drive it to $108

Dumping 50 at 108
120 at 107.80

and 150 at 107.5

to keep the motion down

Bear plunge team?

Bear dunk and dumb team ;-)

[solex]

Sure. But the zero just means displacement from the mean. A car's suspension is a damped oscillation but that doesn't mean it goes through the road when you run over a squirrel.

Agreed. But because price variance observes a Cauchy distribution, rather than a Gaussian one, the "mean" is meaningless (pardon the pun) and can only be determined retrospectively from the oscillations.

What is more interesting to me is why, when the oscillation has about died away, the tendency seems to be for things to fly off in one direction or the other. I don't seen any obvious mechanism.

The mechanism is the butterfly effect in Chaos theory (which I confess I don't have more than an overview of). I think we saw this at $97 when someone bought 5,000 coins and a run to $166 resulted.

[Nightowlace]

Okay I just dumped 126, looking for someone else to jump on this and drive it to $108

Dumping 50 at 108
120 at 107.80

and 150 at 107.5

to keep the motion down

Shit just sell me the 150 at 107.5 now At least then we can save the Gox fees!

[Frozenlock]

Sure. But the zero just means displacement from the mean. A car's suspension is a damped oscillation but that doesn't mean it goes through the road when you run over a squirrel.

Agreed. But because price variance observes a Cauchy distribution, rather than a Gaussian one, so the "mean" is meaningless (pardon the pun) and can only be determined retrospectively from the oscillations.

What is more interesting to me is why, when the oscillation has about died away, the tendency seems to be for things to fly off in one direction or the other. I don't seen any obvious mechanism.

The mechanism is the butterfly effect in Chaos theory (which I confess I don't have more than an overview of). It is the butterfly effect. I think we saw this at $97 when someone bought 5,000 coins and a run to $166 resulted.

Nononono.

Obviously it's a Dirac function applied in order to be able to characterize the system's function.
How are we suppose to program good trading bots otherwise?

[Frozenlock]

Darnit. I keep getting disconnected from the MtGox websocket (clarkmoody).

[UltimateReaper]

Mtgox may be down.

http://24.media.tumblr.com/d0b01d78ebdf81b8824e8e546d3501ac/tumblr_mgozbhtqap1qhnoxno1_500.gif

[Nightowlace]

We need 300 dumped right now to go to $108

[Frozenlock]

Nice... MtGox going down when a downward trend is initiated. Panic sell, anyone? 

[Nightowlace]

Gox down Gox down