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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26836500 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
JorgeStolfi
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April 06, 2014, 04:11:27 PM

Are you saying even though the volume is low at these times on Huobi, the overall sentiment is like an amplification of feeling causing a chain reaction, through the collective "final trade" of the night?
Something like that.  In fact the low volume means less "noise" (volatility) at that time.  For one thing, at those times the arbitrage traders can achieve equilibrium between China and the West, whereas during the day they are chasing a fast-moving target. 

I believe that arbitrage traders largely copy Huobi's price to the West during the day, because Huobi has better liquidity. However, when China is asleep, they sometimes copy a rising or falling Western trend to Huobi. On those days, the volume at the "slumber time" is higher than normal because of arbitrage, so the method will give low weight to those data points.

I don't knwo about "chain reaction", perhaps it suffices that enough traders decide on their own to "reset" their positions.

You made predictions last night.  Do you still hold true to those predictions?  where do you see the price going in the next 2-4 hours?

Since there have been no news or events that could cause a break in the underlying trend, the prediction still stands.  It may be voided if there will be significant trade around 03:00 am.
 
However, note that my predictions are intended only as a test the Method, not as advice to traders.  If you lose money because you trusted my predictions, you will have made at least two big mistakes.  Wink
roslinpl
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April 06, 2014, 04:14:00 PM


Not bad at all Smiley I see progress in it. ~440 in a hard days it is not bad at all Smiley
igorr
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April 06, 2014, 04:22:07 PM


Not bad at all Smiley I see progress in it. ~440 in a hard days it is not bad at all Smiley

There is no progress.

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JayJuanGee
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April 06, 2014, 04:49:58 PM

Four days volume descending like a staircase.  You'd think there would be a battle over these coins running a $15 discount over last night,>60% discount from the ATH. The only demand I see is people like me waiting to buy back the same coins we dumped 12 hours ago.


There are other people like you...Huh     OM  F'ng G!!!
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April 06, 2014, 06:17:12 PM

Anybody home? If we don't break 500 this time im gonna lose it  Roll Eyes

Technicals are looking sexy
podyx
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April 06, 2014, 06:19:45 PM

choo choo Roll Eyes
igorr
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April 06, 2014, 06:20:31 PM

Need the price about $800 to reverse trend or below $300 usd to further strengthen downward trend.


image upload
jonoiv
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April 06, 2014, 06:24:34 PM

choo choo Roll Eyes

Huobi is bang on the trend line now.  It needs to break 2880   .  it's at 2869  now and needs another 635 BTC to move up just 11 CNY.

If it fails it's bounced off the trend line twice, thats pretty bearish.  if it succeeds then I'll buy.
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April 06, 2014, 06:25:28 PM

Need the price about $800 to reverse trend

$650 on stamp by Friday would be enough for me...we gotta go hard and fast (4 day EMA and 1 day MACD cross may trip off some bots for us Smiley)
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April 06, 2014, 06:28:45 PM

Need the price about $800 to reverse trend

$650 on stamp by Friday would be enough for me...we gotta go hard and fast (4 day EMA and 1 day MACD cross may trip off some bots for us Smiley)

I know, you need $650  to catch the good shorting position.
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April 06, 2014, 06:32:03 PM

choo choo Roll Eyes

Huobi is bang on the trend line now.  It needs to break 2880   .  it's at 2869  now and needs another 635 BTC to move up just 11 CNY.

If it fails it's bounced off the trend line twice, thats pretty bearish.  if it succeeds then I'll buy.

EuroTrash
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April 06, 2014, 06:37:10 PM

Care to explain the logic you used to lay those lines?
thefunkybits
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April 06, 2014, 06:42:07 PM

Care to explain the logic you used to lay those lines?

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April 06, 2014, 06:47:43 PM

Im feeling pretty bullish short term based on the general price increase over the weekend. A fourth green daily candle and a 1d MACD cross could see the party get started.
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April 06, 2014, 06:49:32 PM
Last edit: April 06, 2014, 07:03:39 PM by jonoiv

Care to explain the logic you used to lay those lines?

that really made me lol.

Edit.  It's been bouncing off that line since 12th Dec.

It's only been above it only once for any sustained period,  after the Gox made the bankrupt statement.  the price rested on it before dropping under it again after the next "China Ban" news.  

As you will notice, it's there again but fails to get through it.  Im not saying it won't break it again,  but there is strong resistance on this line.

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April 06, 2014, 06:50:37 PM

Martingalers lose their entire stash all the time on just-dice.com.   I'm not sure what the record is for losing 50/50 bets in a row, but it is something very high like 15+.
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April 06, 2014, 06:56:45 PM

Martingalers lose their entire stash all the time on just-dice.com.   I'm not sure what the record is for losing 50/50 bets in a row, but it is something very high like 15+.

must be more

go in the casino and u have about 0.003% chance to lose 15 in a row and thats not a very small chance
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April 06, 2014, 07:03:12 PM

Hello all, long time without posting here. Are the bears gone finally? Time for bulls to show up?

I'm feeling a little bullish... Grin



Quite the opposite, some of our most hardened bulls have turned bearish at the strangest of time.
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April 06, 2014, 07:07:03 PM

Rpiella sounding statement, true none the less

rpietila statements are among the most reliable guides for the perplexed seeking to profit from btc prices.  they do require patience.
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April 06, 2014, 07:07:29 PM

Care to explain the logic you used to lay those lines?

that really made me lol.

Edit.  It's been bouncing off that line since 12th Dec.

It's only been above it only once for any sustained period,  after the Gox made the bankrupt statement.  the price rested on it before dropping under it again after the next "China Ban" news.  

As you will notice, it's there again but fails to get through it.  Im not saying it won't break it again,  but there is strong resistance on this line.




If it breaks this line, you will see a strong bullish surge.  like wise if it fails, then, there will be another sell off.   (small or big)
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