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

[wachtwoord]

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That is true I did not know that the weekly candles close on Wednesdays.

NOW, you know.... 

I believe it's Sunday, but any choice is arbitrary. It should be TSD (Trailing-Seven-Days) anyway.

I think the weekly MACD on Bitstamp closes at around midnight UT on Wednesdays.  You will see a new candle form at that time.  I have been approximating the candle for Wednesday, and if BTC prices close above about $582 on Wednesday, then the weekly candle will be green, and if it closes below about $582, it will be red..   My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

I am NOT sure what you mean by TSD - b/c surely each new candle allows for the BTC price to close lower and then to turn green, so next Wednesday, the BTC price will have to be below $560 or something like that in order to remain red.... either way, the MACD weekly is surely on the cusp of turning green... and it could float in this limbo land for a little bit before actually going fully and unambiguously green.

Just calculate the candles in a rolling fashion. As in: the last candle always closes right now. Never any open candles anymore and continuous insight.

Well, it would also mean that the *past* candles would continuously change - are you sure you would like it?  I think it is much better to have only one last candle uncertain

Yes I'm very sure. It's the most accurate representation of what's happening. Choosing fixed days is a really limited way of looking at the data.

[1715322189]

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[adamstgBit]

 

[ChartBuddy]

Explanation

[anujjain]

 

lol adam, btw nice pick you chose.

[Zohann]

 

lol adam, btw nice pick you chose.

Genius advertising campaign ... Gotta love nerds!

[BIGMERVE]

 

lol adam, btw nice pick you chose.

Genius advertising campaign ... Gotta love nerds!

That's not nice calling those lovely ladies nerds!

 

[spooderman]

yes, who'd have thought?! Using naked girls to draw attention to your product! You learn something new every day.

[JayJuanGee]

My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

My theory is that you could not prevent it if you tried.

Really?  The close of the Weekly MACD candle is only about two days from now, and BTC prices in the last about 24 hours have been floating between $580 and $600, and as I type at $586.

It does NOT seem that it would be too difficult to keep the price below $582-ish... I am NOT sure about the exact number to keep the candle red.  Now, I agree that next week would be another story, though.... but this week seems totally manipulable.  and doable and I think that there is going to be a pretty vigorous attempt at such.. to keep the candle red.

[JayJuanGee]

..............................  [    -    shortened -  ]................

That is true I did not know that the weekly candles close on Wednesdays.

NOW, you know.... 

I believe it's Sunday, but any choice is arbitrary. It should be TSD (Trailing-Seven-Days) anyway.

I think the weekly MACD on Bitstamp closes at around midnight UT on Wednesdays.  You will see a new candle form at that time.  I have been approximating the candle for Wednesday, and if BTC prices close above about $582 on Wednesday, then the weekly candle will be green, and if it closes below about $582, it will be red..   My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

I am NOT sure what you mean by TSD - b/c surely each new candle allows for the BTC price to close lower and then to turn green, so next Wednesday, the BTC price will have to be below $560 or something like that in order to remain red.... either way, the MACD weekly is surely on the cusp of turning green... and it could float in this limbo land for a little bit before actually going fully and unambiguously green.

Just calculate the candles in a rolling fashion. As in: the last candle always closes right now. Never any open candles anymore and continuous insight.

Well, NOW that makes sense.....       I must just be dumb.         and filled with emotions, as you may be able to tell?   

[JayJuanGee]

yes, who'd have thought?! Using naked girls to draw attention to your product! You learn something new every day.

NOT quite naked.



I still have to use my imagination.      

[aminorex]

My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

My theory is that you could not prevent it if you tried.

Really? ...I think that there is going to be a pretty vigorous attempt at such.. to keep the candle red.

Getting the polarity right is often important.  I said you could not prevent it (the red candle).  If I was trying to paint the candle red, my strategy would be to relax in my barcalounger with a pisco sour and la mystere de la voix bulgares on the stereo, reading a light work of latin magical realism.

[donut]

So I've been looking at charts... one thing bothers me.

How can it be SO PERFECT?

[akujin]

 

To Da Moooon! 

[HerrAndreas]

 

cant take eyes off of BTC

[MatTheCat]

 

FFS!

Chosen for their underage-esque charms?

[CoinHamster]

So I've been looking at charts... one thing bothers me.

How can it be SO PERFECT?

[  ] bitcoin is alien
[  ] bitcoin is quite perfect
[  ] bitcoin is supernatural
[  ] god
[  ] devil
[  ] none of the above but trading behavior is guided by lines drawn to define limits
 
 

[ChartBuddy]

Explanation

[JayJuanGee]

My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

My theory is that you could not prevent it if you tried.

Really? ...I think that there is going to be a pretty vigorous attempt at such.. to keep the candle red.

Getting the polarity right is often important.  I said you could not prevent it (the red candle).  If I was trying to paint the candle red, my strategy would be to relax in my barcalounger with a pisco sour and la mystere de la voix bulgares on the stereo, reading a light work of latin magical realism.

You seem so certain, and for me, few things in the BTC world seem to be very certain... even though I am betting upon its long-term success.

I mean I get a sense that the current weekly MACD has been green all week, and there has been somewhat of a struggle to keep BTC prices down to a place where red weekly MACD remains reachable.    However, NEXT week seems like it would be much more difficult to keep from turning green. 

So, if I were a betting man and if I had some confidence, I would wager that we would get a red MACD for this week and green MACD for next week, yet my confidence remains so low that I would NOT bet very much.... possibly .01BTC some similarly smaller token amount.... and even if someone were to call me on the bet, I may fold and say I am NOT sufficiently confident about my prediction.

[nrd525]

Just-dice is getting shut down due to Canadian regulations on bitcoins.  Could be interesting if some of the 30-40k bitcoins get cashed out.  Or maybe they'll just move to other dice sites.

[Raystonn]

See this is why we need support for a decentralized web.  If governments can keep the masses from accessing our decentralized currency by intercepting at the website front-ends, Bitcoin will become inaccessible to most of the world.