rpietila Wall Observer - the Quality TA Thread ;)

[rpietila]

Bitcoin is struggling with 600. To me, it looks like it can turn to a real decline, a "mini-capitulation". Out of my hat, the target is about 530.

There is no point in selling at this juncture if you know the trendline model and the economic adoption growth. But they are real sales that are pushing the price down, and not even that large. If there are no buyers, it will continue until we find a new level.

Too much uncertainty to trade.

[chessnut]

I have been nervously positioned for this trade for a few days now. I think it will go down to 560. if it breaks that almighty trendline nicely sported on BTCe (the one that underlines the wedge), then 530 is realistic. but Im buying some at 560 for sure.

[rpietila]

It is going back up.

The formation needs to break to either side, and if not down, then it can be up

[cAPSLOCK]

Bitcoin is struggling with 600. To me, it looks like it can turn to a real decline, a "mini-capitulation". Out of my hat, the target is about 530.

There is no point in selling at this juncture if you know the trendline model and the economic adoption growth. But they are real sales that are pushing the price down, and not even that large. If there are no buyers, it will continue until we find a new level.

Too much uncertainty to trade.

The volume is in China.  And it is not only the Chinese selling there...  there are large buyers taking advantage of the one sided risk of feeding the Chinese exchanges.

[Jungian]

Is there a chart to see total bitcoin volume over all exchanges over time?

[rpietila]

Tip of the day:

When investing, then use common sense.
DO NOT use the advice of Finnish con artists who use their gains to buy old manors, so they can feel like an aristocrats and throw parties. Use the advice of people who have more constructive goals with their money and who look like they are actually able to earn money without scamming anyone.

It is hard not to be rude towards accounts that might be specifically generated 2 weeks earlier to disturb me (and the others who try to benefit Bitcoin). But I recently realized that this forum is so full of junk anyway that many lurkers actually "subscribe" to certain people and read their "latest posts", instead of following threads like I do.

This allows me to reply to posts whose author is not worthy of reply - the benefit will be to the lurkers

Buying a manor and making a luxury hotel out of it, has a manifold purpose. First of all, it is reasonable for me to diversify the holdings. This allows second, to make a place where Bitcoin bigholders can meet in nice surroundings. Third, this is conducive to all kinds of Bitcoin-related activity.

You instructed me to start bitcoin businesses instead. Actually I am doing just that. Because I employ thought before acting, I am able to accomplish more. I actually stopped all my business, to concentrate on this and to achieve the maximum leverage. Because of my desire to play baron, the world will have 10 times more bitcoin companies than what I could have started just by myself.

[Zapffe]

Tip of the day:

When investing, then use common sense.
DO NOT use the advice of Finnish con artists who use their gains to buy old manors, so they can feel like an aristocrats and throw parties. Use the advice of people who have more constructive goals with their money and who look like they are actually able to earn money without scamming anyone.

It is hard not to be rude towards accounts that might be specifically generated 2 weeks earlier to disturb me (and the others who try to benefit Bitcoin). But I recently realized that this forum is so full of junk anyway that many lurkers actually "subscribe" to certain people and read their "latest posts", instead of following threads like I do.

This allows me to reply to posts whose author is not worthy of reply - the benefit will be to the lurkers

Buying a manor and making a luxury hotel out of it, has a manifold purpose. First of all, it is reasonable for me to diversify the holdings. This allows second, to make a place where Bitcoin bigholders can meet in nice surroundings. Third, this is conducive to all kinds of Bitcoin-related activity.

You instructed me to start bitcoin businesses instead. Actually I am doing just that. Because I employ thought before acting, I am able to accomplish more. I actually stopped all my business, to concentrate on this and to achieve the maximum leverage. Because of my desire to play baron, the world will have 10 times more bitcoin companies than what I could have started just by myself.

Oh, it's great to see how the "building my castle" soon turned into "serious business project of creating an hotel".
Have you actually done any market research for creating this kind of an Hotel to this specific location? Do you have any knowledge or experience with tourism and accommodation? Do you even know what kind of future plans are made around Kunda and on how does it fit to create an Hotel in the middle of it?
You didn't buy this manor because this is an serious business project. You just bought it because it was the only option what came up, that helped to comfort your inferiority complex. That is the reason why you come here to talk about "your castle", that is the reason why you are as vain as an 10 year old girl, and that is the reason why you aren't able to do anything serious with money. We both know about the reputation you have both in Finland or Estonia, and what disturbs me, is that in this forum you are actually playing the role of an dignified analyst. And we both know that it's all for fishing out new naive people who would "invest" into your "projects".

Who would have known that people didn't start visiting this hotel?
Who would have known that leaving an unsecured laptop unattended can be dangerous?
Yeah right.. Con artists will always blame their tricks on incompetence and beg for pity.

[solarflare]

1d and 4h charts:

[Torque]

1d and 4h charts:

OMG, it's a fractal pattern!  Escher stairway to another universe! 

[solarflare]

1d and 4h charts:

-zip-

OMG, it's a fractal pattern!  Escher stairway to another universe!  

I didn't comment because I'm not doing any predictions based on this.
I just find it interesting that even a "bubble" can repeat itself in a fractal pattern.
Next time someone says "IT'S A BUBBLE OMG OMG", I'll show them this 4d chart and they'll be like "bubble bubble bubble", then I'll zoom out once, and twice, to show them the big picture.

[TERA]

I guess breaking through every wall in the 600s so that there is a vacated order book, and touching into a negative MACD was a somehow a bullish thing, and now people want to buy.

[cAPSLOCK]

I guess breaking through every wall in the 600s so that there is a vacated order book, and touching into a negative MACD was a somehow a bullish thing, and now people want to buy.

I see the path of greatest pain is still evident.

[cAPSLOCK]

http://newsbtc.com/2014/03/18/u-s-treasury-official-warns-bitcoin-exchanges-registered-fincen/

This is the US treasuring firing a shot across the bow of a few big exchanges that do business without FinCen registrations.  This could have very negative impacts on the bitcoin economy until we see legit and regulated exchanges opening to offer those services to the people who would use them.  Bitcoin does not need legit exchanges to operate, but it does need them to bridge mass adoption.  Legit exchanges are a big part of overall adoption.

Also...

For even Satan disguises himself as an angel of light. Therefore it is not surprising if his servants also disguise themselves as servants of righteousness, whose end will be according to their deeds.

[dave00]

If you're interested i found this http://news.err.ee/v/economy/53ba6308-7ca1-4b4a-9a52-0156165267d6
you make the news now pietila 

[cAPSLOCK]

If you're interested i found this http://news.err.ee/v/economy/53ba6308-7ca1-4b4a-9a52-0156165267d6
you make the news now pietila  

Pretty amazing that it went for 15x it's last sale price this time!  It was a bitcoin like investment! But now this will be about a class 1.5 supernode as well as a Bitcoin retreat.  I find it amazing!  Can't wait to see it fully renovated!

Sillä hän antaa ihmiselle, joka on hänelle otollinen, viisautta, tietoa ja iloa; mutta syntiselle hän antaa työksi koota ja kartuttaa annettavaksi sille, joka on otollinen Jumalalle. Sekin on turhuutta ja tuulen tavoittelua.

[ArticMine]

http://newsbtc.com/2014/03/18/u-s-treasury-official-warns-bitcoin-exchanges-registered-fincen/

This is the US treasuring firing a shot across the bow of a few big exchanges that do business without FinCen registrations.  This could have very negative impacts on the bitcoin economy until we see legit and regulated exchanges opening to offer those services to the people who would use them.  Bitcoin does not need legit exchanges to operate, but it does need them to bridge mass adoption.  Legit exchanges are a big part of overall adoption.

Also...

For even Satan disguises himself as an angel of light. Therefore it is not surprising if his servants also disguise themselves as servants of righteousness, whose end will be according to their deeds.

One possible outcome of this is that some exchanges simply choose to not accept US persons as customers. I could see BTC-e for example going this route.

[MAbtc]

http://newsbtc.com/2014/03/18/u-s-treasury-official-warns-bitcoin-exchanges-registered-fincen/

This is the US treasuring firing a shot across the bow of a few big exchanges that do business without FinCen registrations.  This could have very negative impacts on the bitcoin economy until we see legit and regulated exchanges opening to offer those services to the people who would use them.  Bitcoin does not need legit exchanges to operate, but it does need them to bridge mass adoption.  Legit exchanges are a big part of overall adoption.

Also...

For even Satan disguises himself as an angel of light. Therefore it is not surprising if his servants also disguise themselves as servants of righteousness, whose end will be according to their deeds.

Is Bitfinex registered with FINCEN?

[solarflare]

http://newsbtc.com/2014/03/18/u-s-treasury-official-warns-bitcoin-exchanges-registered-fincen/

This is the US treasuring firing a shot across the bow of a few big exchanges that do business without FinCen registrations.  This could have very negative impacts on the bitcoin economy until we see legit and regulated exchanges opening to offer those services to the people who would use them.  Bitcoin does not need legit exchanges to operate, but it does need them to bridge mass adoption.  Legit exchanges are a big part of overall adoption.

Also...

For even Satan disguises himself as an angel of light. Therefore it is not surprising if his servants also disguise themselves as servants of righteousness, whose end will be according to their deeds.

One possible outcome of this is that some exchanges simply choose to not accept US persons as customers. I could see BTC-e for example going this route.

The trend is certainly in that direction. It's quite common to see businesses (esp. in fincance) warning that they do not accept US customers.
It's a bit like bars in Russia with "No Americans Allowed" signs on their door.

[gentlemand]

That's already happening. I guess US folks will have to wait for their fancy NY exchanges.

[seleme]

If you're interested i found this http://news.err.ee/v/economy/53ba6308-7ca1-4b4a-9a52-0156165267d6
you make the news now pietila  

Pretty amazing that it went for 15x it's last sale price this time!  It was a bitcoin like investment! But now this will be about a class 1.5 supernode as well as a Bitcoin retreat.  I find it amazing!  Can't wait to see it fully renovated!

Sillä hän antaa ihmiselle, joka on hänelle otollinen, viisautta, tietoa ja iloa; mutta syntiselle hän antaa työksi koota ja kartuttaa annettavaksi sille, joka on otollinen Jumalalle. Sekin on turhuutta ja tuulen tavoittelua.

Yeah, that was cheap as fuck. 64 000 euros for so much land and buildings, what a n awesome buy that was.