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

[haightst]

Could you show me such a system?

First you need to learn how to think like a trader, which is very similar to the way a professional poker player manages risk and variance.

Then you must study and learn how to create a system, is not a simple task because you are dealing with a huge numbers of variables, you always have to lose a little to avoid excessive risks and exposures.

It takes time but it is the only way if you wanna keep your money while doing trading.

A better route is to buy and hold, is the best strategy by far until now.

I recommend these books:

http://www.amazon.com/Trading-Business-Joe-Ross/dp/9768108223

http://www.amazon.com/Fooled-Randomness-Hidden-Chance-Markets/dp/0812975219

http://www.amazon.com/Black-Swan-Impact-Highly-Improbable-ebook/dp/B002RI99IM/ref=sr_1_1?s=books&ie=UTF8&qid=1384869633&sr=1-1&keywords=black+swan

know doubt!~ i've been buying up alts at fire sale prices all week! LMFAO!!   -> imo this is going to get good =we eat pigs!!!

[seleme]

BTC, stabilize, that's an order. I need some damn sleep, feel as tired as on April 11th.

[tarmi]

"return to normal"

 

[seleme]

oooops

Yes, the bid sum / ask sum ratio points to the 250$ - 300$ range, that's why I am not buying now.
Possibly missing some 10% profit, but not worth the risk IMO.

that doesn't look good.

[gambitv]

More and more am I starting to believe that BTCChina is (for a large part) fake.

- Their volume reports are ridiculous. On the 3 minute chart they have almost exclusively 300 btc per candlestick.
- The whole rise-up at BTC-China seems orchestrated. Every sharp rise is nicely crafted into a short dip which then recovers in order to make others believe that it's safe to buy

And most compellingly

- During the crash the volume stays _THE SAME_ throughout. There is a sharp drop, but no panic selling at all! The volume is constant. This does not make any sense to me.
- Notice how every downward candle towards is also attempted to be caugt immediately - many many intermittent recoveries during a crash. It just doesn't make sense.

It's almost as if the whole exchange is scripted to make fake orders to amplify any movements seen on Gox. Zero trading fees would allow this.

=== I'm just speculating here ===

And no one is convinced of the above post? Seems slightly credible to me if what he is stating is the case.

[protokol]

Opinions?

First sell-off/Bear trap.

[haightst]

BTC, stabilize, that's an order. I need some damn sleep, feel as tired as on April 11th.

ya i remember ~ that was fun!   LOL

[maz]

Opinions?

First sell-off/Bear trap.

Delusional (you are, not the diagram)

[dave111223]

Weeeeeh

[San1ty]

This volatility, someone make it stop, I want to rest!

[CryptStorm]

Ready to go lower anyone?  

Charts look like the trend is somehow in the other direction as yesterday/week.  

ZOMG, glad my bitcoinreminder woke me up. Hope the west coasters are awake somehow.

edit: Not that anyone should care, but my charts say this (595) is just the dead cat bounce... yuck, guts.

[seljo]

So 500 is a new 50?

[gandhibt]

I am never going all in anymore. Last night when the crash started I was like:

- ok don't worry, this is merely a correction
- 800...700...600...550...
- At this point i was pulling my hair out and getting ready to panic sell

Luckily I didnt and held until it rebounded to 800. But it seriously felt like an April scenario (even though I wasn't there). It's a feeling I never want to experience anymore. Losing all my profits plus some of my original savings feels like the worst thing in the world. I was ready to cry. But lesson learnt...Don't trade on emotions (and yes I've only been introduced to the stock/bitcoin exchange thing since I discovered bitcoin back in April)

Don't worry you can always sell at rebound. Is there been one time that rebound has not delivered?

April it only rebounded to half of 266. This time it rebounded to 800, so only 100 less than the high of 900.

april next day high was 189 (71 %)

[Davyd05]

I started with the Buy and Hold, Really think 1k was my first profit taking threshold.. ( I thought we got close to it in june 2014.. LOL ) so though I would've made a nice lil .5-2 bitcoins on volatility trading ( not panic selling ) I Just feel overall I avoided any bear traps by just leaving them in my wallet. I was even gonna fiddle with .2 of a btc but I thought I'll just wait for the fiat to transfer and build a big enough stack to have 10-20% aside to buy bear coins.

[DougTanner]

If we stabilize at $600ish by the end of the day, we should be back at $650+ by tomorrow.

[thoughtfan]

Opinions?

An overrated squiggly line that has already on numerous occasions been discussed to death.

[Nikolaj06]

If we stabilize at $600ish by the end of the day, we should be back at $650+ by tomorrow.

Nice paint line :b protip: make it thinner xD

[CryptStorm]

If we stabilize at $600ish by the end of the day, we should be back at $650+ by tomorrow.

You ever have the top come off of a pitcher as you're pouring yourself some nice lemonade? It's only stable after it's cleaned up. Remember, the market's inefficient, and lots of people are asleep. Just saying, do you surf in 35ft waves?

[bizz]

Opinions?

An overrated squiggly line that has already on numerous occasions been discussed to death.

+1 Highly depends on time scale choice.

[Boxman90]

One does not simply draw a log line starting at the start of the bubble :/ Take the entire history for that.