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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26915054 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 1 users with 9 merit deleted.)
JorgeStolfi
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April 20, 2014, 04:42:43 PM

Huobi on BW showed a little progress then froze again.  Bid side, log, current price still at ~3101.  Ask side down to 2090 (yes, 2090, not 2900).

EDIT may be a bug on their chart API.  

EDIT2 Back to working it seems, ~3067
Davyd05
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April 20, 2014, 04:46:42 PM

Huobi on BW showed a little progress then froze again.  Bid side, log, current price still at ~3101.  Ask side down to 2090 (yes, 2090, not 2900).



Well its up let see if it goes down to 2090.

those darned errors
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April 20, 2014, 04:54:50 PM

i'll go with the price of bitcoin on April 20th at 4:20PM UTC
Good time! Weed like to talk! 4:20 https://asktom.cf/index.php?topic=494125.0

m3g4tr0n
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April 20, 2014, 04:55:26 PM

Strange volume for this hour in china! When have they been this active at 2am?
JorgeStolfi
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April 20, 2014, 04:56:18 PM

those darned errors
Someone typed "sell 5000 at 2090" instead of "sell 5.000 at 3090"? 
JorgeStolfi
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April 20, 2014, 04:58:48 PM

Strange volume for this hour in china! When have they been this active at 2am?
I believe it is 00:57 now.  They are usually still trading at this hour, and stay up even later when price is changing fast.
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April 20, 2014, 05:00:18 PM


Explanation
Post-Cosmic
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April 20, 2014, 05:00:39 PM

"TA can't possibly give you a greater than 50% edge" sounds awfully similar to "it is impossible to make a living by playing poker it is all just luck" to me.

Speaking as someone who doesn't day trade, doesn't know much about TA but makes a living from poker.

People tend to overrate themselves on pretty much everything that they're not amazing at (and ironically may sometimes doubt themselves if they are actually good), so obviously if they can't do it, it can't be possible. That's usually why losing players/traders say it's not possible, and winning players/traders question every single move that cost them money.

+1
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April 20, 2014, 05:02:07 PM

Strange volume for this hour in china! When have they been this active at 2am?
I believe it is 00:57 now.  They Americans operating bots are usually still trading at this hour, and stay up even later when price is changing fast.

ftfy
JorgeStolfi
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April 20, 2014, 05:04:55 PM

Strange volume for this hour in china! When have they been this active at 2am?
I believe it is 00:57 now.  They Americans operating bots are usually still trading at this hour, and stay up even later when price is changing fast.

ftfy
Bah. It is the Age of the Internet.  Who cares where China is anyway?  Grin
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April 20, 2014, 05:06:33 PM

"TA can't possibly give you a greater than 50% edge" sounds awfully similar to "it is impossible to make a living by playing poker it is all just luck" to me.

Speaking as someone who doesn't day trade, doesn't know much about TA but makes a living from poker.

People tend to overrate themselves on pretty much everything that they're not amazing at (and ironically may sometimes doubt themselves if they are actually good), so obviously if they can't do it, it can't be possible. That's usually why losing players/traders say it's not possible, and winning players/traders question every single move that cost them money.

+1

The Dunning–Kruger effect is a cognitive bias which can manifest in one of two ways:

http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
wachtwoord
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April 20, 2014, 05:31:43 PM

"TA can't possibly give you a greater than 50% edge" sounds awfully similar to "it is impossible to make a living by playing poker it is all just luck" to me.

Speaking as someone who doesn't day trade, doesn't know much about TA but makes a living from poker.

People tend to overrate themselves on pretty much everything that they're not amazing at (and ironically may sometimes doubt themselves if they are actually good), so obviously if they can't do it, it can't be possible. That's usually why losing players/traders say it's not possible, and winning players/traders question every single move that cost them money.

+1

The Dunning–Kruger effect is a cognitive bias which can manifest in one of two ways:

http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

My favourite psychological effect Smiley
Post-Cosmic
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April 20, 2014, 05:53:23 PM

This is what happens to me when you guys start talking about encryption security & technical engineering :

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April 20, 2014, 06:00:19 PM


Explanation
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April 20, 2014, 06:33:03 PM


Chartbuddy you sexy bitch. Let's go get a room for the night and you can tell me all about Bitcoin.

How was your date?
ChartBuddy
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April 20, 2014, 07:00:18 PM


Explanation
QuestionAuthority
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April 20, 2014, 07:24:16 PM


Chartbuddy you sexy bitch. Let's go get a room for the night and you can tell me all about Bitcoin.

How was your date?


She kept me up and down all night until her candle finally went out and then she crashed.
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April 20, 2014, 07:32:49 PM

bitcoin 101 - The nightmare of a 51% attack (part 2)
https://www.youtube.com/watch?v=Kjtgp5h-jEY
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April 20, 2014, 07:39:57 PM

We will know soon, probably this week, whether we are still in a bear market. I see nothing but trend lines acting as resistance still.  But the bulls have yet another chance to try and seize the trend for good.

Can they do it?  I'm still skeptical, but awaiting confirmation either way.

It's a strange market for sure, with many investors believing bitcoin to be over valued, and even more day traders believing that its going to the moon again.

I still think its the investors class participating that decides the trend and enthusiastic day traders simply a distraction.
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April 20, 2014, 07:47:18 PM

Wooo hooo, above 510! finally
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