jojo69
Legendary
 Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
 |
November 29, 2013, 02:19:03 AM |
|
oh god
I'm stuffed
we catch gold yet?
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
DougTanner
|
|
November 29, 2013, 02:19:23 AM |
|
Correction over, China waking up.  |
|
|
|
|
thetopham
Newbie
Offline
Activity: 56
Merit: 0
|
|
November 29, 2013, 02:19:54 AM |
|
sweet deal, started with 1 bitcoin, now at 3 bitcoins!  |
|
|
|
|
|
Vigil
|
|
November 29, 2013, 02:21:10 AM |
|
sweet deal, started with 1 bitcoin, now at 3 bitcoins! Nice |
|
|
|
|
|
bnjmnkent
|
|
November 29, 2013, 02:24:01 AM
Last edit: November 29, 2013, 02:37:38 AM by 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. 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. I don't think so. In normal markets bots are omnipresent, too. Even larger swings (artificial) can help determine the best market price imho. Reporters should get the hint, that this is a bot dominated domain, as every exchange lists its API documentation. However, as you shared your observation in the best manner of science, many users trying to exploit that knowledge should smooth it out or render it useless - I suppose. (Without doing the math, I am forced to explain it as being the human factor: Perceiving patterns in chaos comes to mind). |
|
|
|
|
|
CMMPro
|
|
November 29, 2013, 02:48:56 AM |
|
Nice job spotting the pattern, but I think they are just classic head and shoulders...they repeat like that as levels of support and resistance are broken.
I don't think someone would program to generate a H&S, more likely they would program a bot to profit from one(s) already building based on the proportions.
|
|
|
|
|
|
Vigil
|
|
November 29, 2013, 02:53:33 AM |
|
Nice job spotting the pattern, but I think they are just classic head and shoulders...they repeat like that as levels of support and resistance are broken.
I don't think someone would program to generate a H&S, more likely they would program a bot to profit from one(s) already building based on the proportions.
Perhaps, they seem extremely uniform though. |
|
|
|
|
|
bnjmnkent
|
|
November 29, 2013, 02:55:46 AM |
|
Nice job spotting the pattern, but I think they are just classic head and shoulders...they repeat like that as levels of support and resistance are broken.
I don't think someone would program to generate a H&S, more likely they would program a bot to profit from one(s) already building based on the proportions.
Perhaps, they seem extremely uniform though. CMMPro, so what is forming right now is an inverse head-and-shoulder pattern, not? -> Buy signal? |
|
|
|
|
|
CMMPro
|
|
November 29, 2013, 03:00:37 AM |
|
I would say it's pretty messed up because of that one guys dump...looks more like a cup and handle.
I'm not exactly a pro at this either, there is a lot of interpretation when it is unclear like this.
|
|
|
|
|
ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
November 29, 2013, 03:02:26 AM |
|
|
|
|
|
|
|
CMMPro
|
|
November 29, 2013, 03:02:44 AM |
|
Nice job spotting the pattern, but I think they are just classic head and shoulders...they repeat like that as levels of support and resistance are broken.
I don't think someone would program to generate a H&S, more likely they would program a bot to profit from one(s) already building based on the proportions.
Perhaps, they seem extremely uniform though. Yeah, very true...I just do not see a motivation for a bot to create a H&S. Unless the bot is trying to trigger people into thinking the price is about to go up...it could be manipulation, I wouldn't discount other people's motives at all right now. |
|
|
|
|
OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
|
|
November 29, 2013, 03:04:33 AM |
|
Nice little 55 point runup there. Take a breather and let's do it again.  |
|
|
|
|
|
ablewasiereisawelba
|
|
November 29, 2013, 03:05:46 AM |
|
Is anyone else having trouble getting to btcchina?
|
|
|
|
|
|
CMMPro
|
|
November 29, 2013, 03:05:50 AM |
|
Nice little 55 point runup there. Take a breather and let's do it again. We are now overbought...I think it will drop a bit before going up again. (In the really short term...maybe this hour.) |
|
|
|
|
OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
|
|
November 29, 2013, 03:09:21 AM |
|
Nice little 55 point runup there. Take a breather and let's do it again. We are now overbought...I think it will drop a bit before going up again. (In the really short term...maybe this hour.) Absolutely agree. In at 1142 out at 1197. Now we wait for the next move. |
|
|
|
|
|
Ozymandias
|
|
November 29, 2013, 03:11:45 AM |
|
China is now just under its ath, lets see how strong is the resistance
|
|
|
|
|
|
|
|
MahaRamana
|
|
November 29, 2013, 03:28:49 AM |
|
China is now just under its ath, lets see how strong is the resistance
China likes to buy at ATH |
|
|
|
|
|
|
|
Ozymandias
|
|
November 29, 2013, 03:33:01 AM |
|
What is the CNY ATH?
6989cny, we are currently at 6978. Gox is also within $5-10 of its top. |
|
|
|
|
|
Poll
