rpietila Wall Observer - the Quality TA Thread ;)

[rpietila]

Hodl.

(I am now talking in daily/weekly candles) as soon as the volume drops, the price rises a notch.

Is it a hand, holding underwater an item of enormous buoyancy, and the hand is slowly losing its strength?

Or is it just me? 

[Hyena]

Hodl.

(I am now talking in daily/weekly candles) as soon as the volume drops, the price rises a notch.

Is it a hand, holding underwater an item of enormous buoyancy, and the hand is slowly losing its strength?

Or is it just me? 

It has become obvious by now that the basketball cannot be held underwater any longer. 500 will be tested again next week except this time it will be broken.

[rpietila]

It is very ungrateful to forecast massive rises with any precision in timing. In the 5 years, there has been 14 rises of any significance. This is less than 1 rise (or turning point) in 4 months!! So if the turning point needs to be forecast in a 2 week precision, the probability to hit it randomly is about 12%.

Even if you are 4 times better in forecasting the rise than average, which is a skill that causes great profits to fall upon you, you are still wrong 52% of the time in your forecasts and stupider pundits say that you cannot forecast better than a broken clock.

[rpietila]

It is very ungrateful to forecast massive rises with any precision in timing.

That said, I think that we are in a significant or massive turning point, in a much greater probability than the average statistical.

[Zarathustra]

Nevertheless, he (the prohashing guy) nailed a lot of problems he describes in this essay

This is just not true.  All of his posts (the prohashing guy) concerning Litecoin are pure fantasy.  He talks about how some huge changes will be made to Litecoin and/or how the market is going to be moving all over the place, either up and down, and pretty much every one of his predictions is a failure.  Litecoin just sits there with no changes to protocol or price doing absolutely nothing.  

[/quote]

The altcoin market cap more than doubled within those last months when the bitcoin blocks became full.

[Trolololo]

Hello everybody.

I agree with you, Risto: we could be watching a massive turning point.

It's also probable that we'll see the top of the bubble way before the halving
(the halving is spected by July 11th, according to bitcoinblockhalf.com)

[OROBTC]

It is very ungrateful to forecast massive rises with any precision in timing.

That said, I think that we are in a significant or massive turning point, in a much greater probability than the average statistical.

Welcome back, Risto, I have missed seeing your comments.  I hope all has been well for you; our friend TPTB is still cranking out posts non-stop.

Your timing in returning is good, maybe something interesting is about to happen...

[r0ach]

The altcoin market cap more than doubled within those last months when the bitcoin blocks became full.

Just an ethereum pump and dump scam combined with Max Keiser pumping some useless coin called Factom.

As for "full blocks", see comment below:

And anytime BillyJoeAllen posts about a supposed "block size armageddon", all you need to do is post this as reply:

It doesn't matter what % of blocks are full you stupid fucks.  All that matters is what the average transaction fee is.  Since there is no minimum transaction fee, the blocks are basically designed to be full at all times eventually even if you set it to 100MB blocks.  Segwit + hard fork in 2017 = 3.2MB blocks.  Then schnorr multisig on top of that should lower transaction sizes and increase TPS further.

[rpietila]

It is very ungrateful to forecast massive rises with any precision in timing.

That said, I think that we are in a significant or massive turning point, in a much greater probability than the average statistical.

Welcome back, Risto, I have missed seeing your comments.  I hope all has been well for you; our friend TPTB is still cranking out posts non-stop.

Your timing in returning is good, maybe something interesting is about to happen...

I had 37 days of BCT time online when I thought "this is becoming stupid". Since that, the figure has risen to 100 days! That's a lot of time

It's not only BTC but also Crypto Kingdom that is on the verge of a major breakout. That's what I have been doing as my post history reveals! 

[Chef Ramsay]

We love you Ris and all you comment upon. I'm your biggest fan.

[Bios Optimus]

I am liking this slow steady rise.

[macsga]

Praise the King Gentlemen... praise the King.

[LFC_Bitcoin]

Praise the King Gentlemen... praise the King.

This ^^^^

Hopefully the King has returned at a time when famine is about to end & his people will dine like King's themselves.

{--snip--}
By "explosive", I don't mean $600 in 4 weeks, I mean something like $multiplethousands in 2 months, and in a less explosive version the peak would be higher and time a little longer but still during 2016.

Ok I'm not going to lie, this arouses me

[SwedishGirl]

Praise the King Gentlemen... praise the King.

This ^^^^

Hopefully the King has returned at a time when famine is about to end & his people will dine like King's themselves.

{--snip--}
By "explosive", I don't mean $600 in 4 weeks, I mean something like $multiplethousands in 2 months, and in a less explosive version the peak would be higher and time a little longer but still during 2016.

Ok I'm not going to lie, this arouses me

Me too

[r0ach]

Some morons in China trying to run the stops before pumping it atm.  The little Chinaman games get so old.

[LFC_Bitcoin]

Some morons in China trying to run the stops before pumping it atm.  The little Chinaman games get so old.

$459 on Stamp, nothing to be concerned about really. I'm relaxed & very intrigued about what price we'll see post halving.

[r0ach]

I'm not worried about the price, the Chinese Art of War behavior is just too predictable.  They wanted to get rid of longs before further price increase, but everyone will just pile back in anyway.  They think they're "outsmarting" people, but they're so predictable in what they do it's like looking in your backyard and seeing a raccoon next to the trash can.  You already know exactly what it's going to do.

[Syke]

Up 100% since one year ago. Such a nice looking chart.

[sidhujag]

Some morons in China trying to run the stops before pumping it atm.  The little Chinaman games get so old.

a $4.5m margin trade at 20% stopped out... market didnt want this guy turning into a billionaire

[freshman777]

Some morons in China trying to run the stops before pumping it atm.  The little Chinaman games get so old.

a $4.5m margin trade at 20% stopped out... market didnt want this guy turning into a billionaire

such market... very insider... much margin call