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

[OldGeek]

You know, for all the pissin and moanin we do here Gox is the place to day trade.

[Vigil]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

IMG

The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.

Good work, vigil!

Thanks. People on here were giving me sh*t for suggesting this earlier.

[barbs]

You know, for all the pissin and moanin we do here Gox is the place to day trade.

I think thats why they did this zero fee holiday, they knew it would go crazy, hell, they may even be dishing this out, this is a reminder of who is the boss when it comes to day trading. 

[Tempered81]

Gold traded at around $38 USD for 40 years.  Hoping for BTC to trade at $38 mBTC for years to come.  

[pera]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

check this: https://www.tradingview.com/v/i4E9jlCr/
it chaged since back then though

Interesting. What did you use to illustrate that?

so is that your bot pushing the price up and up and leaving me behind, Vigil? Sad

I wish.

Very nice illustration actually. So the point is that somebody is pumping the price and then selling to make profit and repeat?
This price manipulation is not good for bitcoin  Angry

Thanks. Yes, the force sell-outs on that large dip and buy up and sell multiple times then increase the price and repeat. It isn't good, you're right. It means that there is someone or some group who has enough Bitcoins to manipulate one of the largest exchanges.

if this is true we are gonna have an extraordinary 4 days of no-fees bot rally, sounds cool

[bnjmnkent]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

IMG

The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.

Good work, vigil!

Thanks. People on here were giving me sh*t for suggesting this earlier.

I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it.

Have you observed more patterns?

IIRC, the pattern you observed even has a name in TA.

[Vigil]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

IMG

The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.

Good work, vigil!

Thanks. People on here were giving me sh*t for suggesting this earlier.

I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it.

Have you observed more patterns?

IIRC, the pattern you observed even has a name in TA.

That is when the pattern started, I think. I haven't at the data previous to that, so I can't say I have observed any other patterns.

What is TA? Trading algorithm?

[explorer]

What is TA? Trading algorithm?

Technical ANALysis

[johnblaze]

I don't particularly believe one way or the other at the moment. Looking at the charts for the last few hours, the swings seem to be much wider than before, but it's pretty early to say.

What I'm getting at here is:

-The general consensus answer I've seen here is that speculation is good since it provides liquidity.
-Similarly, the general consensus answer seems to be that liquidity decreases volatility. (makes sense on the face of it)
-Ergo, increased speculation should lead to decreased volatility. And lo, we have a live experiment!

That's all, really. If my point was fuddled before, I apologize. It is late.

i think your conclusion is flawed. yes, speculation provides liquidity, but that doesn't necessarily mean that it increases it substantially enough to decrease volatility. plus, since the bitcoin market doesn't allow leverages shorting, the speculation can only come in on one side. so no matter what, there is an imbalance. there will be less liquidity for the buyers to get into positions

suppose you own a house and you need to sell, but there is only one buyer. this market is not very liquid at all. he will pay whatever he wants and you will meet him at his price. the market is illiquid and therefore price will be volatile.

'speculation' usually gets a bad rap in the press as being bad. but nothing is inherently bad or good. its simply supply and demand at work.

[MahaRamana]

how am i supposed to sleep when i can just make money???

I just sold again at 1160 and bought in at 1100 i don't understand why there is free money being handed out

It is obviously not free. You are enslaved and forced not to sleep.

Not to mention that the price could shoot up from 1160 just after the sell. You would then either loose the spread with your buy limit order or loose a bitcoin if you don't go back in.

[OldGeek]

Here we go again.  

edit;  Nope.  Head fake.

[barbs]

can't sleep. trading like a boss still.

[Vigil]

TA = Technical Analysis

http://i.investopedia.com/inv/articles/site/typesofshoulders.gif

But the frequency with which you observed this pattern baffles me. Maybe someone with years
of experience in chart-reading could share his/her expertise (CMMPro?).

Its designed to look "organic" but to facilitate profit-making by creating known intervals for the highs and dips. I think it also helps to stabilize the price in periods of low activity.

[bnjmnkent]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

IMG

The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.

Good work, vigil!

Thanks. People on here were giving me sh*t for suggesting this earlier.

I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it.

Have you observed more patterns?

IIRC, the pattern you observed even has a name in TA.

That is when the pattern started, I think. I haven't at the data previous to that, so I can't say I have observed any other patterns.

What is TA? Trading algorithm?

TA = Technical Analysis

http://i.investopedia.com/inv/articles/site/typesofshoulders.gif

But the frequency with which you observed this pattern baffles me. Maybe someone with years
of experience in chart-reading could share his/her expertise (CMMPro?).

However, as libraries for detecting these patterns exist, it is possible to program a bot who produces them.

[Vigil]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

IMG

The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.

Good work, vigil!

Thanks. People on here were giving me sh*t for suggesting this earlier.

I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it.

Have you observed more patterns?

IIRC, the pattern you observed even has a name in TA.

That is when the pattern started, I think. I haven't at the data previous to that, so I can't say I have observed any other patterns.

What is TA? Trading algorithm?

TA = Technical Analysis

http://i.investopedia.com/inv/articles/site/typesofshoulders.gif

But the frequency with which you observed this pattern baffles me. Maybe someone with years
of experience in chart-reading could share his/her expertise (CMMPro?).

However, as libraries for detecting these patterns exist, it is possible to program a bot who produces them.

It is possible if we applied a Fast Forier Transform (FFT) to the data since $450 the pattern would be clear (clearer) through that time.

[ChartBuddy]

[bnjmnkent]

It is possible if we applied a Fast Forier Transform (FFT) to the data since $450 the pattern would be clear (clearer) through that time.

Backing-up the observation by strong math is of course the only way. However, I am not enabled to accomplish this at this time.

[OldGeek]

Go baby.  Go!

[Vigil]

It is possible if we applied a Fast Forier Transform (FFT) to the data since $450 the pattern would be clear (clearer) through that time.

Backing-up the observation by strong math is of course the only way. However, I am not enabled to accomplish this at this time.

Not sure if I want to do it anyway. If we were able to "prove" this with some analysis then who knows how far that info would go. "Bitcoin Price Manipulation On Largest US Exchange" -> Crash.

[kajigger]

MOAAR!
Holy cr**