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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26381932 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 3 users with 9 merit deleted.)
grappa_barricata
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November 15, 2014, 08:42:02 PM

this doesn't look good to me, we retraced all the way down, what a bam bam

1d chart looks like a nightmare... BUT, the order book is stacked. I'm wondering if we'll level down repeatedly or if we just got as over exuberant about going doing as we did going up.

Any ideas. Frankly, I've got none.


I'm starting to think that this is similar to what happened whit that mini-rally from 390 to 450, than then melted down very fast and lead us to the sub 300 event. Only difference is the time-scale and volume, both bigger this time. A huge bull trap, to fuck every trader which still has a soul.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 15, 2014, 08:43:30 PM

yeah, well i am running that strategy atm myself. I am bought (i probably shouldnt be, but i just rebought), but I have a roof in at $400 and my drop loss at $365. We will see, but its a nice risk mitigation technique.

I have to ask, or it's going to eat my alive: what's the difference between a drop loss and a stop loss?

Is it related to a timid order? Or a barge in account?
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November 15, 2014, 08:50:18 PM

yup, which is why i love roof in and drop losses, either way, if you are unsure of which way, you can take a position and let it run and see what happens. If you are right, awesome, if you are wrong small losses but you can bought/sold based on what happens. Win win

Sorry, could you explain a bit more what you're talking about here?
Thanks.
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November 15, 2014, 08:58:30 PM

this doesn't look good to me, we retraced all the way down, what a bam bam

looks bullish as fuck to me
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November 15, 2014, 09:01:18 PM


Explanation
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November 15, 2014, 09:07:01 PM


o rly


I see 200 incoming
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November 15, 2014, 09:12:53 PM


Hope you don´t see it from that image, ChartBuddy has been a bit under the weather lately.
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November 15, 2014, 09:13:52 PM

...
But I don't see how, in one way or another, you could do without a store of value.
...

Everything that has value (a car, a factory, a stick of gum, even a bitcoin) is a store of value to some degree.  Fiat money too is a store of value, though a poor one--by design.  It makes investment more profitable than hoarding.  A "good" store of value, OTOH, discourages investment and encourages hoarding.
My point is trivial: if gold and similar "stores of value" vanished tomorrow, initial economic consequences would be less than catastrophic.  Eventually, the economy would do better without it.

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November 15, 2014, 09:15:04 PM

Weekend dip!
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November 15, 2014, 09:19:17 PM


Not sure if people are joking... The plots may seem broken at first sight, but they are a consequence of large changes in the order book, at some distance from the spread.  Months ago, the changes were usually small and usually close to the spread, so the plot usually looked like a fairly smooth valley.
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November 15, 2014, 09:20:18 PM

yeah, well i am running that strategy atm myself. I am bought (i probably shouldnt be, but i just rebought), but I have a roof in at $400 and my drop loss at $365. We will see, but its a nice risk mitigation technique.

I have to ask, or it's going to eat my alive: what's the difference between a drop loss and a stop loss?

Is it related to a timid order? Or a barge in account?

ah well i am involved with haasbot, which is a bitcoin/altcoin bot. One of the features it has is roof in and drop loss (drop loss is basically a stop loss on an exchange), whereas a roof in will execute a buy if the price that is entered is reached, which is $400 for me, atm.
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November 15, 2014, 09:23:37 PM

Very slight upwards change in the price it appears.

$377 on coindesk
samsonn25
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November 15, 2014, 09:24:20 PM

Weekend dip!

Is dip because the price went to $463 which is almost $90 above the daily ema around $363
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November 15, 2014, 09:25:15 PM


2000 has a higher probability.  
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November 15, 2014, 09:36:05 PM


why? because 200 has a higher probability,do the maths Grin
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November 15, 2014, 09:36:50 PM


Not sure if people are joking... The plots may seem broken at first sight, but they are a consequence of large changes in the order book, at some distance from the spread.  Months ago, the changes were usually small and usually close to the spread, so the plot usually looked like a fairly smooth valley.

ChartBuddy has been stuck on the same image since page 9957.
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November 15, 2014, 09:41:46 PM

yeah, well i am running that strategy atm myself. I am bought (i probably shouldnt be, but i just rebought), but I have a roof in at $400 and my drop loss at $365. We will see, but its a nice risk mitigation technique.

I have to ask, or it's going to eat my alive: what's the difference between a drop loss and a stop loss?

Is it related to a timid order? Or a barge in account?

ah well i am involved with haasbot, which is a bitcoin/altcoin bot. One of the features it has is roof in and drop loss (drop loss is basically a stop loss on an exchange), whereas a roof in will execute a buy if the price that is entered is reached, which is $400 for me, atm.

Trying to understand this, please bear with me, you mean you now are nett long around current prices which you will stop out at 365 and take a loss, but if the price breaks thru 400 then you will add to your long?
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November 15, 2014, 09:42:02 PM



Worked out an equation have you?

I would love to see it.  

You do realize the price has hit 2000 more recently than 200?
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November 15, 2014, 09:51:06 PM



Worked out an equation have you?

I would love to see it.  

You do realize the price has hit 2000 more recently than 200?

You're drunker than chartbuddy
wmr42393
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November 15, 2014, 09:54:22 PM



Worked out an equation have you?

I would love to see it.  

You do realize the price has hit 2000 more recently than 200?

You're drunker than chartbuddy

Ohh.. really ?

3200 Euro on 6th October
http://www.reddit.com/r/Bitcoin/comments/2frwo5/crazy_bot_bought_btc_3200_on_btce/

https://bitcoinwisdom.com/markets/btce/btceur
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