rpietila Wall Observer - the Quality TA Thread ;)

[Parazyd]

I like BTC at 320-350. It started a serious uptrend, and was so strong to shoot off mid-trend. That is naturally not sustainable, so a fully-formed 2-3 Fibonacci breather is in order.

My take is that in January we cross 500 again, this time for good.

Lesser probability scenario is that the bottom (300ish) does not hold and the whole uptrend is questioned.

I don't personally believe that the probability for a sudden upwards move is too high, because if anyone wanted the price to go up, it is better to do it in exactly the way already seen, and repeat until the major bubble develops.

We're just slowly going up so the miners can still be profitable on the block halving. I agree, there's no point in a sudden jump. Just take it easy.

[danielW]

I like BTC at 320-350. It started a serious uptrend, and was so strong to shoot off mid-trend. That is naturally not sustainable, so a fully-formed 2-3 Fibonacci breather is in order.

My take is that in January we cross 500 again, this time for good.

Lesser probability scenario is that the bottom (300ish) does not hold and the whole uptrend is questioned.

I don't personally believe that the probability for a sudden upwards move is too high, because if anyone wanted the price to go up, it is better to do it in exactly the way already seen, and repeat until the major bubble develops.

Do you mind sharing your opinion on the block-size debate and XT?

[rpietila]

Do you mind sharing your opinion on the block-size debate and XT?

That is quickly shared: If block size is not increased, it will curtail BTC to the current size and value, which to me sounds extremely stupid. This does not mean that every proposal to increase blocksize is good, and I do not have opinion if XT is "good enough" or if something better should be devised and implemented.

[hdbuck]

Do you mind sharing your opinion on the block-size debate and XT?

That is quickly shared: If block size is not increased, it will curtail BTC to the current size and value, which to me sounds extremely stupid. This does not mean that every proposal to increase blocksize is good, and I do not have opinion if XT is "good enough" or if something better should be devised and implemented.

that is a fair enough personal opinion, although it seems you tend to confuse scaling bitcoin and increasing its blocksize.

[rpietila]

Do you mind sharing your opinion on the block-size debate and XT?

That is quickly shared: If block size is not increased, it will curtail BTC to the current size and value, which to me sounds extremely stupid. This does not mean that every proposal to increase blocksize is good, and I do not have opinion if XT is "good enough" or if something better should be devised and implemented.

that is a fair enough personal opinion, although it seems you tend to confuse scaling bitcoin and increasing its blocksize.

Well my opinion does not too much matter since I am neither a Bitcoin dev, nor a miner, nor a militant.

[hdbuck]

Do you mind sharing your opinion on the block-size debate and XT?

That is quickly shared: If block size is not increased, it will curtail BTC to the current size and value, which to me sounds extremely stupid. This does not mean that every proposal to increase blocksize is good, and I do not have opinion if XT is "good enough" or if something better should be devised and implemented.

that is a fair enough personal opinion, although it seems you tend to confuse scaling bitcoin and increasing its blocksize.

Well my opinion does not too much matter since I am neither a Bitcoin dev, nor a miner, nor a militant.

right, ^^

although im not sure if any opinion (including, devs, miners etc) matters in the first place.

the genie is out of the bottle.

[wachtwoord]

I have lived in a self-imposed exile in Estonia for some time now, latest prompted by the extrajudicial arrests (and torture, such as not knowing when you will get water the next time, turning out to be 72 hours) of my colleagues in Finland.

Most of what you said is true about CIA, NWO, chemtrails and Satan. However, it gets me angry when you start praising multiculturalism while living IN MY FUCKING COUNTRY. I'm a native Estonian and I believe we have enough refugees (Russian refugees from the WW2). Even when there is evidence suggesting that Muslims are being set up by CIA to make them seem evil, their culture has no place in Estonia. We all know how they are raping white women in Sweden and Norway and such behaviour is absolutely not tolerated here. Go back to Finland you old fart if you want to live with Muslims and Nigerians.

Hey calm down bro. I could have moved to any country, but chose Estonia precisely for the reason that sanity prevails here, and not so much in Finland. Praising multiculturalism is far from what I have said (link any conflicting statement so I am happy to explain). Nobody should feel entitled to rape any women, irrespective of color, and I believe the typical punishments for such do not quite fill God's standard for such ultimate evil.

I have nothing against muslims and Nigerians, but think that they should not be allowed in to my country of residence without proving they can support themselves and zero-tolerance on crimes (well same applies, but is not usually too difficult for the Dutch and Canadians). I have against criminals, and especially CIA, NWO etc that make people criminals, powered by their debt-slavery monetary system and the largest terror machine the world has ever known.

I haven't been in this thread in quite a while. This breath of sanity is refreshing

[Dotto]

I have lived in a self-imposed exile in Estonia for some time now, latest prompted by the extrajudicial arrests (and torture, such as not knowing when you will get water the next time, turning out to be 72 hours) of my colleagues in Finland.

Most of what you said is true about CIA, NWO, chemtrails and Satan. However, it gets me angry when you start praising multiculturalism while living IN MY FUCKING COUNTRY. I'm a native Estonian and I believe we have enough refugees (Russian refugees from the WW2). Even when there is evidence suggesting that Muslims are being set up by CIA to make them seem evil, their culture has no place in Estonia. We all know how they are raping white women in Sweden and Norway and such behaviour is absolutely not tolerated here. Go back to Finland you old fart if you want to live with Muslims and Nigerians.

Hey calm down bro. I could have moved to any country, but chose Estonia precisely for the reason that sanity prevails here, and not so much in Finland. Praising multiculturalism is far from what I have said (link any conflicting statement so I am happy to explain). Nobody should feel entitled to rape any women, irrespective of color, and I believe the typical punishments for such do not quite fill God's standard for such ultimate evil.

I have nothing against muslims and Nigerians, but think that they should not be allowed in to my country of residence without proving they can support themselves and zero-tolerance on crimes (well same applies, but is not usually too difficult for the Dutch and Canadians). I have against criminals, and especially CIA, NWO etc that make people criminals, powered by their debt-slavery monetary system and the largest terror machine the world has ever known.

I haven't been in this thread in quite a while. This breath of sanity is refreshing

+1

It´s nice to see little by little people are waking up... The inflexion point has to be near

[BTC_Markets]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

[rpietila]

I am quite positive that we are in an uptrend now.

Things seem to be moving slowly but the quick rise from 250->500 proved that BTC is not tamed. The superspike will be crazy

[eatmyshorts1]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

Where do you get this information? This would be interesting to see updated by the minute.

[birr]

I am quite positive that we are in an uptrend now.

Things seem to be moving slowly but the quick rise from 250->500 proved that BTC is not tamed. The superspike will be crazy

I'm getting sorely tempted to plunge in even deeper than I am now.

[hunnaryb]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

Where do you get this information? This would be interesting to see updated by the minute.

Finex likes kill off everybody before a run up. Especially when there is such a large long sentiment

[BTC_Markets]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

Where do you get this information? This would be interesting to see updated by the minute.

I have a script that collects this sentiment info from various sources. I'll have it post here and in a few threads perhaps once a day and see if people like it.

Perhaps then I could put something online for people to browse by the minute.

[BldSwtTrs]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

Where do you get this information? This would be interesting to see updated by the minute.

I have a script that collects this sentiment info from various sources. I'll have it post here and in a few threads perhaps once a day and see if people like it.

Perhaps then I could put something online for people to browse by the minute.

That would definitely be useful.

[afbitcoins]

I am quite positive that we are in an uptrend now.

Things seem to be moving slowly but the quick rise from 250->500 proved that BTC is not tamed. The superspike will be crazy

Yes thats my thoughts too.

Bitcoin seems more and more obviously turned bullish, in large part in anticipation of the upcoming halving but other factors influencing it too of course.

Trend is bullish

[Biodom]

I am quite positive that we are in an uptrend now.

Things seem to be moving slowly but the quick rise from 250->500 proved that BTC is not tamed. The superspike will be crazy

Yes thats my thoughts too.

Bitcoin seems more and more obviously turned bullish, in large part in anticipation of the upcoming halving but other factors influencing it too of course.

Trend is bullish

https://www.tradingview.com/x/1EBsiEaf/

define crazy spike, please.
I see possible end of 2015 at ~$600 (with $620-640peak)
If so, it will be setting up very similarly to 2012, projecting spikes in 2016.
If spikes will happen, i see a first one in about April-May to $3000, followed by a plunge to $1000 or a bit below, then a superspike in the fall to $10000, maybe more.

[eatmyshorts1]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

Where do you get this information? This would be interesting to see updated by the minute.

I have a script that collects this sentiment info from various sources. I'll have it post here and in a few threads perhaps once a day and see if people like it.

Perhaps then I could put something online for people to browse by the minute.

What do you write the script in? What are your data sources? Where do you compile it? I'd love some more info on how you did this.

[marcus_of_augustus]

I am quite positive that we are in an uptrend now.

Things seem to be moving slowly but the quick rise from 250->500 proved that BTC is not tamed. The superspike will be crazy

Yes thats my thoughts too.

Bitcoin seems more and more obviously turned bullish, in large part in anticipation of the upcoming halving but other factors influencing it too of course.

Trend is bullish

https://www.tradingview.com/x/1EBsiEaf/

define crazy spike, please.
I see possible end of 2015 at ~$600 (with $620-640peak)
If so, it will be setting up very similarly to 2012, projecting spikes in 2016.
If spikes will happen, i see a first one in about April-May to $3000, followed by a plunge to $1000 or a bit below, then a superspike in the fall to $10000, maybe more.

yes, sounds appropriately crazy.

[itod]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

Any explanation how did you get these exact numbers?