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magicmexican
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February 01, 2014, 02:22:37 PM |
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Stamp-express... all aboard   |
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Denton
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February 01, 2014, 02:34:23 PM |
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Stamp-express... all aboard Bring it!  |
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JorgeStolfi
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February 01, 2014, 02:35:06 PM |
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What is a "market maker"? How does the new BTC-China "market maker reward" work? Has it been tested in other markets before?
If your order executes immediately you pay a commission. If it sits on the book and someone else buys/sells into it you earn a commission. Bitfloor had the same system. Thanks! Now I got it... But does that really encourage volume? It seems that it encourages posting an order a penny above or below the best opposite offer, and waiting for the other guy to make the move. Which, by the way, is what seems to be happening at BTC-China right now... |
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ShroomsKit
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February 01, 2014, 02:37:20 PM |
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Rally is over. Time to panic sell again. Go you sheep!
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FNG
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February 01, 2014, 02:39:24 PM |
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Rally is over. Time to panic sell again. Go you sheep!
it's just begun. Wait until deposits hit BTCChina tomorrow...CCMF 1000 on bitstamp by Friday |
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vphen
Member
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Activity: 76
Merit: 10
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February 01, 2014, 02:40:17 PM |
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5000 CNY soon? Well they're probably going to bed soon so only time will tell... nice to see $820+ on stamp again though...
Right, take profit and then go to bed. Sweet dream. |
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TERA
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February 01, 2014, 02:40:59 PM |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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February 01, 2014, 02:42:29 PM |
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Rally is over. Time to panic sell again. Go you sheep!
it's just begun. Wait until deposits hit BTCChina tomorrow...CCMF 1000 on bitstamp by Friday I agree the rally has just started, this is looking very different from the last couple of times we went to 830-840-ish. |
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RooKIED
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February 01, 2014, 02:45:40 PM |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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February 01, 2014, 02:48:44 PM |
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Look at Stamp orderbook, the bid side looks like a tsunami about to completely destroy the asks.  |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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February 01, 2014, 02:49:18 PM |
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Rally is over. Time to panic sell again. Go you sheep!
Some sheep simpy hodl  |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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February 01, 2014, 02:55:31 PM
Last edit: February 01, 2014, 03:25:08 PM by empowering |
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Bitstamp
Upside breakout scenario.
We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820
If we go continue to go up from here we may go from this $825 (ISH) channel top we have been in trading sideways and go up to $840 -$858 then there may be some resistance
If we go up from there
$840- $858 then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..
If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get intersting...
I see us going up , but ...
Downside scenario from this current channel I can see the possible resistance/support levels
$825
$817
$800 psychological
$775 ish
$757 ish
$749
$725
??
Edit.... or for now we see more of this sideways tading within a channel $775- $820 until something goes bump in the night.
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micalith
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February 01, 2014, 03:02:05 PM |
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I can see that Bitstamp lead this rally from about 8:30am GMT, which is encouraging if we agree that non-China led rallies are an especially good sign.
Similarly to September's 'stability' period preceding a major rally, maybe most of the large off-exchange tradings have now been done, so the breaks are being released
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schizoid
Member
Offline
Activity: 73
Merit: 10
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February 01, 2014, 03:15:59 PM |
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What is a "market maker"? How does the new BTC-China "market maker reward" work? Has it been tested in other markets before?
If your order executes immediately you pay a commission. If it sits on the book and someone else buys/sells into it you earn a commission. Bitfloor had the same system. Thanks! Now I got it... But does that really encourage volume? It seems that it encourages posting an order a penny above or below the best opposite offer, and waiting for the other guy to make the move. Which, by the way, is what seems to be happening at BTC-China right now... Yes, it encourages traders to place orders slightly above and below market. That is a good thing. It means casual users can press the "market buy" or "market sell" button and get a fair price, like they do in the stock market. |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 01, 2014, 03:20:30 PM |
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Bitstamp
Upside breakout scenario.
We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820
If we go continue to go up from here we may go from this $825 (ISH) channel top we have been in trading sideways and go up to $840 -$858 then there may be some resistance
If we go up from there
$840- $858 then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..
If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get intersting...
I see us going up , but ...
Downside scenario from this current channel I can see the possible resistance
$825
$817
$800 psychological
$775 ish
$757 ish
$749
??
Edit.... or for now we see more of this sideways tading within a channel $775- $820 until something goes bump in the night.
What analysis are you using for your price targets? Fibonacci? Maybe it's just because I've been on a holographic universe kick recently, but I'm starting to see fractals everywhere. This *feels* just like the aftermath of each previous spike/correction. As you scroll back in time on the charts, you just see the same pattern repeating over and over, just with smaller amplitude and longer time frames. It totally reminds me of those computer animations where they zoom in or out of the mandelbrot set... http://www.youtube.com/watch?v=0jGaio87u3A <- For best viewing I recommend you put your scrypt miner on pause and re-enable flash hardware acceleration or maybe that's just me. |
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fonzie
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February 01, 2014, 03:31:53 PM |
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Bebopzzz
Newbie
Offline
Activity: 53
Merit: 0
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February 01, 2014, 03:37:01 PM |
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Bitstamp
Upside breakout scenario.
We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820
If we go continue to go up from here we may go from this $825 (ISH) channel top we have been in trading sideways and go up to $840 -$858 then there may be some resistance
If we go up from there
$840- $858 then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..
If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get intersting...
I see us going up , but ...
Downside scenario from this current channel I can see the possible resistance
$825
$817
$800 psychological
$775 ish
$757 ish
$749
??
Edit.... or for now we see more of this sideways tading within a channel $775- $820 until something goes bump in the night.
What analysis are you using for your price targets? Fibonacci? Maybe it's just because I've been on a holographic universe kick recently, but I'm starting to see fractals everywhere. This *feels* just like the aftermath of each previous spike/correction. As you scroll back in time on the charts, you just see the same pattern repeating over and over, just with smaller amplitude and longer time frames. It totally reminds me of those computer animations where they zoom in or out of the mandelbrot set... http://www.youtube.com/watch?v=0jGaio87u3A <- For best viewing I recommend you put your scrypt miner on pause and re-enable flash hardware acceleration or maybe that's just me. You, my good sir, have a very good eye : http://vvkmnn.wordpress.com/2013/12/22/bitcoin-fractal/This is actually what is giving me real hope that we are going to see some crazy heights this year. P.S. This crazy mofo actually thinks that mandelbrot theory can help him trade... would love to see him execute. |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 01, 2014, 03:38:18 PM |
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Confirmed Good News! Thank you to all the bears who have sabotaged the train in order to delay departure. My fiat deposit still has not cleared  |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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February 01, 2014, 03:39:09 PM |
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Bitstamp
Upside breakout scenario.
We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820
If we go continue to go up from here we may go from this $825 (ISH) channel top we have been in trading sideways and go up to $840 -$858 then there may be some resistance
If we go up from there
$840- $858 then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..
If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get intersting...
I see us going up , but ...
Downside scenario from this current channel I can see the possible resistance
$825
$817
$800 psychological
$775 ish
$757 ish
$749
??
Edit.... or for now we see more of this sideways tading within a channel $775- $820 until something goes bump in the night.
What analysis are you using for your price targets? Fibonacci? Maybe it's just because I've been on a holographic universe kick recently, but I'm starting to see fractals everywhere. This *feels* just like the aftermath of each previous spike/correction. As you scroll back in time on the charts, you just see the same pattern repeating over and over, just with smaller amplitude and longer time frames. It totally reminds me of those computer animations where they zoom in or out of the mandelbrot set... http://www.youtube.com/watch?v=0jGaio87u3Aor maybe that's just me. Yup two different set of Fibs retracements tracing back over two time frames, ie the last two big moves... some of the retracement lines intersect, plus just drawing some lines and looking at the channels it seems to be bouncing around in... and looking at the chart... Do not get me wrong, I am not stating this is 100% , far from it, but I am saying it could be a useful indicator along with the others, market depth=walls ,volume etc and whatever other lagging indicators one feels does it for them...MACD stoch etc... personally I have a few and I like the Fib retracement lines though because they do seem to fairly often describe (even predict) shorter term moves and bounces inbetween channels... there is of course a case for targets set around the fibonacci retracements based soley on the self-fulfilling phenomenon ; ) I am more of a fundamentals guy, but like a chart too.. Yeah Mandelbrot - what a guy... there really are patterns everywhere. |
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micalith
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February 01, 2014, 03:43:57 PM |
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Bitstamp
Upside breakout scenario.
We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820
If we go continue to go up from here we may go from this $825 (ISH) channel top we have been in trading sideways and go up to $840 -$858 then there may be some resistance
If we go up from there
$840- $858 then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..
If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get intersting...
I see us going up , but ...
Downside scenario from this current channel I can see the possible resistance
$825
$817
$800 psychological
$775 ish
$757 ish
$749
??
Edit.... or for now we see more of this sideways tading within a channel $775- $820 until something goes bump in the night.
What analysis are you using for your price targets? Fibonacci? Maybe it's just because I've been on a holographic universe kick recently, but I'm starting to see fractals everywhere. This *feels* just like the aftermath of each previous spike/correction. As you scroll back in time on the charts, you just see the same pattern repeating over and over, just with smaller amplitude and longer time frames. It totally reminds me of those computer animations where they zoom in or out of the mandelbrot set... http://www.youtube.com/watch?v=0jGaio87u3Aor maybe that's just me. Yup two different set of Fibs retracements tracing back over two time frames, ie the last two big moves... some of the retracement lines intersect, plus just drawing some lines and looking at the channels it seems to be bouncing around in... and looking at the chart... Do not get me wrong, I am not stating this is 100% , far from it, but I am saying it could be a useful indicator along with the others, market depth=walls ,volume etc and whatever other lagging indicators one feels does it for them...MACD stoch etc... personally I have a few and I like the Fib retracement lines though because they do seem to fairly often describe (even predict) shorter term moves and bounces inbetween channels... there is of course a case for targets set around the fibonacci retracements based soley on the self-fulfilling phenomenon ; ) I am more of a fundamentals guy, but like a chart too.. Yeah Mandelbrot - what a guy... there really are patterns everywhere. gotta love that apophenia |
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