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

[adamstgBit]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

Wow...  onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat?

Hmm.  You could say his manner is a bit short.

lol

[chessnut]

^^  

you could say he's got a short temper  

[MAbtc]

Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...

Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare.

.... is there infinite fiat on the exchanges? No?

Then STFU.

Wow...  onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat?

Bottom line -- "coins are rare and fiat is not" is a horrible basis for short-term analysis.

[chessnut]

^^ true that, but short term analysis says that the short term coins were spent. huge volume came on that third wave. we were even treated to a fifth wave of panic. the bears are exhausted. The nubs have sold.

[aminorex]

.... is there infinite fiat on the exchanges? No?

Then STFU.

Here let me go count all the fiat.  You can enjoy some hold music while you wait:  https://www.youtube.com/watch?v=BUlIv3Ca8AI

[fonzie]

^^ true that, but short term analysis says that the short term fiat was spent. huge volume came on that third wave. we were even treated to a fifth wave of panic. the bears are exhausted. The nubs have sold.

Would you mind posting a chart of your EW analysis?

[Dr. LY]

Hmm. China actually kind of IS sparking right now. Up to 3013y on Huobi.

[JorgeStolfi]

Chinese Slumber Method prediction for Saturday March 29

Prediction valid for: Saturday 2014-03-29, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 2858 CNY.
Bitstamp's predicted price: 470 USD.


Plot legend

On the last two nights (Mar/27 and 28), after the last crash, Huobi saw significant volume at the Slumber Time (S = 0.008 and 0.004, respectively) but the data points are still usable (W = 0.28 and 0.75). Thus it seems reasonable to assume that they define a new straight-line trend after the crash, namely A + B*(d-d0), where d is the day of the month, d0 = 27, A = 3126, B = -134.

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.08 CNY/USD (it was 6.08, 6.03, 6.12, 6.10 at the last four Slumber Times).

NOTE: The dark background seemed more appropriate for the candleflame icon and for these dark and stormy times.

[adamstgBit]

Jorge wants those coins cheap!

[chessnut]

^^ true that, but short term analysis says that the short term fiat was spent. huge volume came on that third wave. we were even treated to a fifth wave of panic. the bears are exhausted. The nubs have sold.

Would you mind posting a chart of your EW analysis?

I wonder if you could help me, I have no clue how to post images on this site.

Ill click but what do I put in between the brackets? when I copy an image all I manage to paste is the file name.

[fonzie]

All aboard the invincible Kim Jong Bittrain, it will provide a comfortable trip this weekend.

[chessnut]

Hmm. China actually kind of IS sparking right now. Up to 3013y on Huobi.

more significant by a mile is Bitstamp. Thats what I call a spark.

[fonzie]

^^ true that, but short term analysis says that the short term fiat was spent. huge volume came on that third wave. we were even treated to a fifth wave of panic. the bears are exhausted. The nubs have sold.

Would you mind posting a chart of your EW analysis?

I wonder if you could help me, I have no clue how to post images on this site.

Ill click but what do I put in between the brackets? when I copy an image all I manage to paste is the file name.

You have to copy the URL inside the brackets. Use tinypic or another image uploader.
It should look loke this:

IMG]http://i58.tinypic.com/2vjc1mb.jpg[/img]

[chessnut]

Oh ok thanks a lot Ill give it a go.

[aminorex]

Let them come down a bit.  Make them feel 499 is good enough.

[JorgeStolfi]

Another recent Chinese article; seems to say that they contacted the PBoC but got no reply, contacted banks and exchanges but they got nothing yet:
http://tech.sina.com.cn/i/2014-03-29/04419281954.shtml

[virtualfaqs]

Jorge wants those coins cheap!

That would be hilarious if all this time he was buying and selling.  Jorge, if you are, you've got to tell us one day!

[JorgeStolfi]

Jorge wants those coins cheap!

Check my last two predictions (blue squares at top) 

[aminorex]

Into the valley of 400 rode the death.

[ChartBuddy]

Explanation