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

[MaxwellsDemon]

I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking).

I have run out of painkillers, which is making me grumpy.  I am rather annoyed with the monkey as well.  If I report his cogitations (which are always indecisive until he calls a turn)  I risk my own reputation.  Oh well, I am pseudonymous for a reason:

Monkey says 625 on the 10pm bar was a low.  (He decided that at midnight, two hours later, with the price at 638.50.)  Monkey likes the upside for at least 4 more hours, considers 656 likely resistance.  EDIT: Monkey changed his mind and thinks its going down for 5 hours now.

On a daily basis, monkey is expecting to stay biased long until next Tuesday.  He first started to like the upside on the 16th, which was a pretty good call, methinks.  He had thought the 29th might turn south, but he was (a) wrong and (b) hedging.

On a weekly basis, the last time monkey gave up on his longs was the week of the 13th of December, 2013.  He failed to call that top out clearly, although he was on the verge of doing so.  He decided he liked the long side again the week of the 23rd of May, 2014, and is presently expecting to stay long for at least a month and a half.

Disclaimer:  The monkey swills expensive single malts constantly.  Invest accordingly (i.e., in distillers).  Monkey is a fuzzy reasoner.

Sorry for my ignorance but what the fuck are you guys calling magic monkey? Is it a price prediction model?

Sigh. Evolutionary psychology 101:
Your brain is broadly divided into 3 parts. The oldest of these is the archaiopallium, which deals with the most fundamental instincts - the four "F"s (fight, flight, feeding and mating). This area of the brain is sometimes known as the reptile brain, as it's all that reptiles have, or popularly your "Chimp" (though this term can also include the limbic system). It roughly corresponds to what Freud called the 'id'.
In Aminorex's case, these instinctive functions also include financial modelling.
Most of the time the id is tempered by the superego, which deals with internalised concepts of morality, and mediated by the ego. However, when the "higher" functions are dulled through use of painkillers or expensive single malt, the chimp or monkey brain wins through. (It's why people fight and have sex a lot when they're drunk.)
What you are seeing in these instances is Aminorex's monkey: pure, instinctive, unmediated financial analysis, unfettered by social convention.
Ignore it at your peril.

This is why I bother to wade through these abominable forums. Once you've macheted your way through the thicket of unabashed trolling and relentless stupidity, you can find some real gems 

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[adamstgBit]

[amitrwt]

back n forth n back n forth n back n forth
n Up n down n Up n down n Up n down
don't worry I'll be having sex in next few hours ..! just practicing my moves..! very strange that this sounds like btc market 

[Pruden]

In the stock market, bullishness from investors is a contrarian omen when seen after a bull market has fully developed, and a very good, straight, indicator after the first signs of reversal coming from a bear market. In my opinion, the latter case is of application to the current Bitcoin market.

[adamstgBit]

back n forth n back n forth n back n forth
n Up n down n Up n down n Up n down
don't worry I'll be having sex in next few hours ..! just practicing my moves..! very strange that this sounds like btc market 

buy some bitcoin b4 you do
the sex will be amazing
trust me on this.

[ChartBuddy]

Explanation

[keithers]

A couple decently sized buy orders going through at Stamp right now...hopefully we are getting ready for another little ramp up...  Have a little work to do to get us back to our beloved $666

[edwardspitz]

A couple decently sized buy orders going through at Stamp right now...hopefully we are getting ready for another little ramp up...  Have a little work to do to get us back to our beloved $666

Positive signs from China after they have spent a good part of the day going in the opposite direction of everybody else. But nice little rise today. Let's see if she goes and how far she goes. Could be head and shoulders we are seeing unfold (also considering the volume)?

[Torque]

Could be head and shoulders we are seeing unfold (also considering the volume)?

Currently in the bitcoin market, it doesn't take much money for the whales to 'paint' whatever pattern they want you to see. 

[edwardspitz]

Could be head and shoulders we are seeing unfold (also considering the volume)?

Currently in the bitcoin market, it doesn't take much money for the whales to 'paint' whatever pattern they want you to see. 

That is a good point.

[JorgeStolfi]

Positive signs from China after they have spent a good part of the day going in the opposite direction of everybody else. But nice little rise today.

https://www.egi.com/clinical-division/clinical-division-clinical-products/ges-400-series
I have it from well placed sources that the Chinese traders have managed to connect EEG electrodes on their scalp directly to the Huobi trade API.  They are sleeping now, so those bumps that you see in the chart are merely their periods of REM sleep.

[ChartBuddy]

Explanation

[edwardspitz]

Positive signs from China after they have spent a good part of the day going in the opposite direction of everybody else. But nice little rise today.

https://www.egi.com/clinical-division/clinical-division-clinical-products/ges-400-series
I have it from well placed sources that the Chinese traders have managed to connect EEG electrodes on their scalp directly to the Huobi trade API.  They are sleeping now, so those bumps that you see in the chart are merely their periods of REM sleep.

Ha ha. The EEG device is also a fashion statement. If I had one I would wear it all the time 

[watcoin]

"He who holds his coins will enter the kingdom of Satoshi" - Me.

Cool story bro. Anyone got 30 pieces of silver so I can dump my BTC?

How much BTC?

No he wont. I want the BTC upfront. Then I will send my 30 pieces of 8.

[Krabby]

I'm bored :c

[JayJuanGee]

640?
NEVER AGAIN!

Where have we heard that before? 

[ErisDiscordia]

I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking).

I have run out of painkillers, which is making me grumpy.  I am rather annoyed with the monkey as well.  If I report his cogitations (which are always indecisive until he calls a turn)  I risk my own reputation.  Oh well, I am pseudonymous for a reason:

Monkey says 625 on the 10pm bar was a low.  (He decided that at midnight, two hours later, with the price at 638.50.)  Monkey likes the upside for at least 4 more hours, considers 656 likely resistance.  EDIT: Monkey changed his mind and thinks its going down for 5 hours now, sees support at 629 and at the 100 hour smavg.

On a daily basis, monkey is expecting to stay biased long until next Tuesday.  He first started to like the upside on the 16th, which was a pretty good call, methinks.  He had thought the 29th might turn south, but he was (a) wrong and (b) hedging.

On a weekly basis, the last time monkey gave up on his longs was the week of the 13th of December, 2013.  He failed to call that top out clearly, although he was on the verge of doing so.  He decided he liked the long side again the week of the 23rd of May, 2014, and is presently expecting to stay long for at least a month and a half.

Disclaimer:  The monkey swills expensive single malts constantly.  Invest accordingly (i.e., in distillers).  Monkey is a fuzzy reasoner.

You truly are a discordian saint. Praise be to chaos and praised be the monkey!

[watcoin]

I'm bored :c

bored people are boring people

[bpnave]

I'm bored :c

bored people are boring people

TBH that's a fantastic response, because it'll either make the person want to be less boring and actually get up and do stuff, or it'll at least make them feel insulted, which is of course, not being bored.

[ChartBuddy]

Explanation