Wouldn't it be nice... (the LazyWhale algorithm)

[sidhujag]

What? Y would it give a new signal unless it changed to bear market again.? I thought it wasnt repainting?

[oda.krell]

@sidhujag

Nope. No change in signal. Like I said earlier, price would have to drop substantially deeper (and remain there for some time), before a sell signal comes in.

But in principle that's possible of course (and I wouldn't call it repainting in that case), so maybe that's what sumantso had in mind? If the signal changes to a 'sell' again (at a loss compared to the previous buy target, obviously), he'd take that as confirmation not to buy?

[sgbett]

i still feel comfortable. planets are all aligning.

the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.

once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.

[oda.krell]

i still feel comfortable. planets are all aligning.

the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.

once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.

Agreed. To me it looks like the time for panic is over, but the time for greed/FOMO isn't there yet, hence: sideways (but with a slight upwards bias).

Quite a few in this forum see it differently of course, with a new low being necessary before another sustainable rise can begin... Guess we'll know who was right in a few months.

[sumantso]

But in principle that's possible of course (and I wouldn't call it repainting in that case), so maybe that's what sumantso had in mind? If the signal changes to a 'sell' again (at a loss compared to the previous buy target, obviously), he'd take that as confirmation not to buy?

You read my mind

I will have to wait for a few more days and then can put a part of my salary in

[inca]

i still feel comfortable. planets are all aligning.

the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.

once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.

Agreed. To me it looks like the time for panic is over, but the time for greed/FOMO isn't there yet, hence: sideways (but with a slight upwards bias).

Quite a few in this forum see it differently of course, with a new low being necessary before another sustainable rise can begin... Guess we'll know who was right in a few months.

The ones calling for a new lower low before a sustainable rise will see that low should it ever arrive as a signal that the bear market has not ended, and wait for a new lower low before a sustainable rise will..

[Tzupy]

...
The ones calling for a new lower low before a sustainable rise will see that low should it ever arrive as a signal that the bear market has not ended, and wait for a new lower low before a sustainable rise will..

Maybe, but that's not what they should be looking for, but seller exhaustion allowing support to hold after pumps.
So far, both the October and November pumps retraced too much for a new bull market, so it looks fishy.

[sgbett]

Agree big retraces, but I think that's a sign of a bigger market. Those retraces don't look to be making lower lows. (IMHO) we shall indeed see. Happier to be weighted towards btc right now

[Tzupy]

It would be nice of oda.krell to post a notice about the indicator flipping to red.

[oda.krell]

It would be nice of oda.krell to post a notice about the indicator flipping to red.

Don't worry, if that happens, I will. Signal still says BTC. Not exactly surprising considering that we are hovering around the price at which it flipped green in the first place.

[NotLambchop]

That's the beauty of long-term trading algorithms--the longer the term, the longer you won't know how useless they are

[oda.krell]

That's the beauty of long-term trading algorithms--the longer the term, the longer you won't know how useless they are

As opposed to high-frequency troll posters: Plenty of data points to conclude, with high confidence, just exactly how pointless the overall contribution is ^_^

[windpath]

It would be nice of oda.krell to post a notice about the indicator flipping to red.

I'm not sure why you think his indicator would have changed?

On the scale the indicator uses the market has been basically flat since the change to BTC.

[NotLambchop]

That's the beauty of long-term trading algorithms--the longer the term, the longer you won't know how useless they are

As opposed to high-frequency troll posters: Plenty of data points to conclude, with high confidence, just exactly how pointless the overall contribution is ^_^

>likes long-term strategies
>judges strategies of others by short-term results

Might be missing something...

[Tzupy]

It would be nice of oda.krell to post a notice about the indicator flipping to red.

I'm not sure why you think his indicator would have changed?

On the scale the indicator uses the market has been basically flat since the change to BTC.

Last time it flipped to red it was in July around the 23rd. I have a count by which the market is now in a similar position.

[orsotheysaid]

That's the beauty of long-term trading algorithms--the longer the term, the longer you won't know how useless they are

That's the beauty of long-term posting storage, you can re-visit people being wrong about how Bitcoin is done and laugh at them as you enjoy the gains. Of course, you'll not be around by then to not face the shame.

[ask]

That's the beauty of long-term trading algorithms--the longer the term, the longer you won't know how useless they are

As opposed to high-frequency troll posters: Plenty of data points to conclude, with high confidence, just exactly how pointless the overall contribution is ^_^

Nothing more to add. Oda.krell do you know that you are one of rare people here on forum, who still has healthy brains? Respect!

[NotLambchop]

.@ask:  As usual, you have nothing topical to contribute.
Delete your post and don't shit up this thread in the future.
ty

[ask]

.@ask:  As usual, you have nothing topical to contribute.
Delete your post and don't shit up this thread in the future.
ty

Lamby are you owner of this thread? YOU ARE NOT.  I will leave this thread only if oda would have that wish.

And Lamby - world would be much happier place without people like you. Do you need any additional translation what I am thinking?

[oda.krell]

I think we should all just try to get along... bulls and bears, serious posters and trolls, hodlers and daytarders, libertarians and mind-controlling space lizards, and so on

@ask Thanks for the kind remarks. Must be the new shipment of whisky I just received having a beneficial effect on my brain hehe