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

[macsga]

You guys are great-- you make really good points. I'm glad to be here, and I'm always learning something new. Maybe this is just another consolidating pennant, with a new floor and solid bids lined up? 

Yep; it could be. But if you look here http://bitcoinwisdom.com/markets/mtgox/btcusd and notice the 15m chart you may be able to observe the most common thing I've noticed the Bitcoin does; it's called "wave turbulence pattern" or "surfwake".

The thing is; it usually recovers *very* fast after such a turbulence due to the huge buying demand. Then again a big player decides to sell and goes on and on, causing -somewhat- harmonic oscillations. Again; this is only what I have observed. I don't claim it's 100% true..

[1714607444]

1714607444

[1714607444]

1714607444

[1714607444]

1714607444

[Bitcoines]

You guys are great-- you make really good points. I'm glad to be here, and I'm always learning something new. Maybe this is just another consolidating pennant, with a new floor and solid bids lined up? 

Yep; it could be. But if you look here http://bitcoinwisdom.com/markets/mtgox/btcusd and notice the 15m chart you may be able to observe the most common thing I've noticed the Bitcoin does; it's called "wave turbulence pattern" or "surfwake".

The thing is; it usually recovers *very* fast after such a turbulence due to the huge buying demand. Then again a big player decides to sell and goes on and on, causing -somewhat- harmonic oscillations. Again; this is only what I have observed. I don't claim it's 100% true..

i have to agree, ive noticed this ones as well, really nice observations there

[macsga]

i have to agree, ive noticed this ones as well, really nice observations there

Thanks! Sometimes it "pays" to be a physicist.

[traderCJ]

i have to agree, ive noticed this ones as well, really nice observations there

Thanks! Sometimes it "pays" to be a physicist.

Nicely done.  Is that Mathematica?

[rpietila]

We could not take it down any more (-30% was not enough). I think that the odds for an immediate crash have greatly diminished.

Now it is sideways from here, or up (with the possibility of crash from higher levels).

Turned bull. Ugh.

[molecular]

i have to agree, ive noticed this ones as well, really nice observations there

Thanks! Sometimes it "pays" to be a physicist.

Nicely done.  Is that Mathematica?

I don't think it models gox

[molecular]

We could not take it down any more (-30% was not enough). I think that the odds for an immediate crash have greatly diminished.

Now it is sideways from here, or up (with the possibility of crash from higher levels).

Turned bull. Ugh.

Have you been trying to induce a crash?

[Bitcoines]

Turned bull. Ugh.

lol

[macsga]

i have to agree, ive noticed this ones as well, really nice observations there

Thanks! Sometimes it "pays" to be a physicist.

Nicely done.  Is that Mathematica?

Most possibly yes. It refers to Free-Surface Synthetic Schlieren (FS-SS) an optical method developed for the measurement of the instantaneous topography of the interface between two transparent fluids (search in google for: Bubbles and Spikes in the Rayleigh-Taylor Instability). A great article can be found here:http://www.fast.u-psud.fr/~moisy/sgbos/tutorial.php
Oh one last thing:

(looks familiar doesn't it?...)
You'll be amazed how many things econo-metrics and fluid mechanics have in common.

[ChartBuddy]

[traderCJ]

i have to agree, ive noticed this ones as well, really nice observations there

Thanks! Sometimes it "pays" to be a physicist.

Nicely done.  Is that Mathematica?

Most possibly yes. It refers to Free-Surface Synthetic Schlieren (FS-SS) an optical method developed for the measurement of the instantaneous topography of the interface between two transparent fluids (search in google for: Bubbles and Spikes in the Rayleigh-Taylor Instability). A great article can be found here:http://www.fast.u-psud.fr/~moisy/sgbos/tutorial.php
Oh one last thing:

(looks familiar doesn't it?...)
You'll be amazed how many things econo-metrics and fluid mechanics have in common.

Now THIS is some interesting analysis.  So much more satisfying that people drawing red and blue trend lines on a chart.  Can you explain exactly what is plotted on that graph you posted back there?  I'm guessing Z is price and one of the axes is time?  What is the other?  Why does it look like there are two different data sets being graphed (smooth vs noisy)?

[tHash]

We could not take it down any more (-30% was not enough). I think that the odds for an immediate crash have greatly diminished.

Now it is sideways from here, or up (with the possibility of crash from higher levels).

Turned bull. Ugh.

So does this mean you have strengthened your bitcoin position?

This is great news actually, and extremely bullish.   When you who try to manipulate are no longer able to crash the market, we have come a long way indeed.   I am guessing that the attempt has weakened your(plural) strength to an extent?

[macsga]

Now THIS is some interesting analysis.  So much more satisfying that people drawing red and blue trend lines on a chart.  Can you explain exactly what is plotted on that graph you posted back there?  I'm guessing Z is price and one of the axes is time?  What is the other?  Why does it look like there are two different data sets being graphed (smooth vs noisy)?

Enjoy
http://www.pnas.org/content/suppl/2007/04/23/0702871104.DC1

[Vycid]

We could not take it down any more (-30% was not enough). I think that the odds for an immediate crash have greatly diminished.

Now it is sideways from here, or up (with the possibility of crash from higher levels).

Turned bull. Ugh.

Welcome back.

And, like clockwork, the 1100 resistance is now 1100 support...

[electronistul]

Well, if rpietila turned bull - I think we should hear a "choo-choo" train roaring for the following 2-3 days ...  

[Spaceman_Spiff]

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

Keiser is a pumper allright, no surprise there.

[Vycid]

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

Keiser is a pumper allright, no surprise there.

I'm gonna go on record that Keiser is a shitstain.

I don't care how much you dislike Joe Weisenthal, you don't insinuate he should blow his brains out for having a bad opinion.

Frankly I think he has found profit in regurgitating a combination of intellectual diarrhea and what we want to hear, and is part of the community to exploit that fact. He is not our friend.

[bitcodo]

Fluid mechanics reminds me of my chemical engineering days.

Levenspiel:

Snake-Eyes Magoo is a man of habit. For instance, his Friday evenings are
all alike-into the joint with his week's salary of $180, steady gambling at
"2-up" for two hours, then home to his family leaving $45 behind. Snake
Eyes's betting pattern is predictable. He always bets in amounts proportional
to his cash at hand, and his losses are also predictable-at a rate
proportional to his cash at hand. This week Snake-Eyes received a raise
in salary, so he played for three hours, but as usual went home with $135.
How much was his raise?

[philip2000uk]

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

Keiser is a pumper allright, no surprise there.

Regarding that twitter are they manipulating the market?

[Spaceman_Spiff]

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

Keiser is a pumper allright, no surprise there.

Are you talking about max keiser? what is this twitter? are they manipulating the market?

yes, Max Keiser, I don't follow his twitter.  I doubt Keiser is big enough to sufficiently manipulate "the" bitcoin market in a huge way, but I nevertheless think he buys before he start going in full-on hype mode, and then sells.  And he probably has enough followers that it might make somewhat of a difference, especially in the smaller altcoin markets.