All posts made by studio1one in Bitcointalk.org's Wall Observer thread
1.
Post 6835539 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.45h):
Logarithmic long term downtrend line just broke for the first time since March and only second time since Nov. 3 day MacD has 5 green candles.
Possible end of long term down trend and start of next bubble?
fuck me I hope so
2.
Post 6835630 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.45h):
Logarithmic long term downtrend line just broke for the first time since March and only second time since Nov. 3 day MacD has 5 green candles.
Possible end of long term down trend and start of next bubble?
fuck me I hope so
breakout baby
3.
Post 6836240 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.45h):
daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.
why would that indicate a panic buy?
Maybe people feel safe to buy, because they think the bottom is in?
I think there is enough genuine indicators that we are changing long term trend that large money has more confidence than it has since last year.
4.
Post 6836477 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.45h):
daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.
why would that indicate a panic buy?
Maybe people feel safe to buy, because they think the bottom is in?
I think there is enough genuine indicators that we are changing long term trend that large money has more confidence than it has since last year.
As always, I think it heavily depends on your appetite for risk...
Balls of steel, and there at the right time? buying at $340
Don't care about bear market, it feels cheap? $420
Waiting for some confirmation, like break of long term downtrend? $470 (now)
Further confirmation by volume and price? Probably around $520.
Kinda slow to get in, but at least you know we're done with the downtrend for good? Above SMA200, ~$620
My point is, I wouldn't count on "big money" getting in right now just because we broke a bit of resistance. But another group of people sitting on fiat saw a few more signs that we're (slowly, maybe) turning around, and got in. I'm one of them.
I think "big money" will buy in small today. Enough technical indicators have fired today to start bots making small buys, I think if you look back at today from the last few weeks volume will be considerably larger. Do I think they have all jumped on board Richard Bransons moon rocket v 1.2348 today? no. But I do think some buys have been made by some large players when we broke that 465 long term downtrend line.
5.
Post 6882926 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
going up again shortly. Just broke the third pennant.
watch.
6.
Post 6883019 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
breakout coming.....
7.
Post 6883059 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
breakout coming.....
very creative lines
I'm an artist trapped in an analysts body
8.
Post 6883170 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Hahahah bet that clown Mah is crying himself to sleep right now!!!
Good riddance to bad rubbish!
Listen, whether that chap's posts annoyed you or not - and I'm one of the many people that had him on ignore for a long time - he's probably losing a lot of money right now. That pain is real.
I will never understand the relish with which people can treat other people's losses. All the hand-wringing, cheering and jeering while somebody is actually suffering baffles and upsets me. He didn't do you any real harm - he didn't do anything to any of us. He just made a bad call and now he's suffering.
Spare a thought for how you'd feel if the positions were reversed. I know you didn't make the bad call - congrats - but what if you had? Or perhaps if you'd just been the victim of an unexpected attack on the horse that you had backed. How would you feel about all the sick laughter and pointing while you watched your life savings disappear and very real financial hardship begin to press in on you and possibly your family.
It's like slowing down to rubber-neck at a car crash at the side of the road... and then laughing at the gore rather than empathising with the victims.
Sorry for singling out your post by the way - yours wasn't the worst example by far.
its nice to be nice
9.
Post 6883219 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
In other words, the current exchange rate implies that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.
I would be breaking my promise if I were to say more than that while this is reasonable if you accept the precedent of the implied discounting curve derived from bitcoin's historical price series, I have two counter-arguments, (1) that the bitcoin discounting curve was extreme because crypto itself was much less well-proven as a concept and technology -- the threats which btc defeated are unlikely to arise again, and (2) that the bitcoin discounting curve was very long because adoption ground had not been broken, while the mro adoption phase, if it manifests at all, will almost certainly be much, much shorter. Therefore, I will have to defer any calculations based on re-parameterizing the discount curve to the MRO thread, where it belongs.
Why is MRO only on 1 exchange? Is that on purpose (like Mastercoin) or do they have inadequate leadership. Its not hard to get listed on multiple exchanges.
not really a fan of the gazillions of Alts but MRO is actually a good coin and has legs.
10.
Post 6889281 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
breakout coming.....
Well, as expected the breakout did happen right on queue on the pennant convergence. Unfortunately support didn't rise up behind the breakout this time.
This breakout and drop has broken the repeating pennant formation that was happening and we have entered a new phase of the rise. I expect a cup and handle to form shortly.
11.
Post 6890809 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Am I paranoid or are we starting to form a rising wedge?
12.
Post 6891084 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Meanwhile.. i think there is a cup and handle forming.. Meaning a rise to ~$540 ... then slight fall back to around $535 or so.. before going up to about $555-$560 by around 10 am EST.
If you've notice i have a lot of ~ and made liberal use of the word 'around' that's because i'm only speculating.
Let's see how it plays out though.
https://bitcointalk.org/index.php?topic=178336.msg6889281#msg6889281ahthangyou
13.
Post 6893605 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
gone....
14.
Post 6893631 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
amazing
Have to steal that.
15.
Post 6894346 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Still no ideas of where this rally is coming from (China, West, ...), nor why?
It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China. So I would think that China STILL sets the price.
Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?
You'll get used to the feeling of confusion, I'm sure.
Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.
("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)
honestly,
I think it is pretty much self fulfilling prophecy.
Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.
16.
Post 6894578 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Still no ideas of where this rally is coming from (China, West, ...), nor why?
It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China. So I would think that China STILL sets the price.
Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?
You'll get used to the feeling of confusion, I'm sure.
Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.
("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)
honestly,
I think it is pretty much self fulfilling prophecy.
Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.
Maybe. Until enough indicators signal "overbought", at which some will sell, at which the signal will become "reversal", which means more people sell...
You just summarized one possible interpretation of why TA does what TA does. Work.
Agreed.
I think it all started with that tiny green dot.... the 3 day MACD for the first time since November. That was the signal that started the market reversal.
17.
Post 6895296 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
At least Jorge doesn't go silent/disappear like other permabears arround here.
Where is Tera, fonzie, win ? I guess their fud-for-hire contract expired, until the next drop of course.
Suckers rallye led by a chinese exchange - Check
No one really knows how they handle their business - Check
Bank withdrawls disabled - Check
Price manipulation (probably non existent trades) -Check
Assurance that smart "honest" exchanges will follow every move, ignoring all facts - Check
Exchange assures everyone that everything will be OK - Check
Exchange goes down, takes all the money with them, dissapears in fog - Soon
Price crashes by 50% - Soon
Everyone screams, "Oh how should we have known, there were absolutely no signs that this could happen" - Soon
When will Huobicoinbuilder.com be launched, thatīs normally one of the last steps in this (profitable) procedure?
want to put your money where you mouth is?
Escrow bet.
1BTC
It will rise 100 before it drops 100
18.
Post 6896918 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
I don't see no triple bottoms or double tops, apart from the double top we just bounced of that met the last high in April.
19.
Post 6897529 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Fibonacci say..
Don't panic.
20.
Post 6899758 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Fibonacci say..
Don't panic.
He does look like a pretty chill guy.
Dude is horizontal man.
21.
Post 6899870 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.46h):
Someone care to explain why BTC-E is nearly $20 behind bitstamp?
What is the cause of this?
simply put, poeple selling on BTC-E are on drugs!
I think you meant to write
the people on BTC-E are selling drugs.
22.
Post 6966100 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.47h):
meh, why the panic?
23.
Post 6980423 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.47h):
Its obviously a W bottom - will breakout soon
chart?
the bounce up from the 550/551 level seems like a correction to me. looks like we might head down from here. what do you guys think?
If you are NOT trolling, you seem to be too short term, in your thinking/charting.
i am saying that the bounce = corrective in formation. this suggests that the dominant direction is down. it has nothing to do with short term/long term, but rather the formation of the waves.
http://www.elliottwave.net/educational/basictenets/basics3.htmyes but you are on a 15 min chart
24.
Post 6980619 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.47h):
Its obviously a W bottom - will breakout soon
chart?
the bounce up from the 550/551 level seems like a correction to me. looks like we might head down from here. what do you guys think?
If you are NOT trolling, you seem to be too short term, in your thinking/charting.
i am saying that the bounce = corrective in formation. this suggests that the dominant direction is down. it has nothing to do with short term/long term, but rather the formation of the waves.
http://www.elliottwave.net/educational/basictenets/basics3.htmyes but you are on a 15 min chart
here is the same formation on a 2hr chart. the length of the candles will not change the characteristics of the formation. will it? i don't think so.
2 things jump out here
1. 15 min is too short to separate noise from trend, it just can't be done.
2. Your trend lines cut through candles and wicks all over the place anyway.
To get a seinsible view of the support and resistance of the run itself (ignoring previous support and resistance)
you need to run a 4 hour chart
Furthermore to see how the correction is performing inline with the bull run you need to run fib retracements on it
and look at volume
nothing to me suggests that we will see any kind of real test of the run until about 640
but who knows really.
25.
Post 6980834 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.47h):
on "noise from trend" i disagree. 15m is the lowest i will use that i consider to have acceptable noise/signal ratio. to each his own. the lines only cut through wicks to the extent that they are minor violations. precision is not the purpose -- to reiterate again, i am looking at the shape of the formation. i have fibs on my regular charts, i do not normally chart on wisdom, but we had tagged .786 before falling out of the wedge, which also contributed to my thinking that more down is coming.
like you said, who knows.
Yeah but you know...
there is strict moderate and lax when accepting the support and resistance of trend lines....
then there is just ignoring them entirely and drawing a shape.
26.
Post 7104909 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_12.50h):
Looks to me like we're almost out of the woods
1 week MacD crossover would be fucking epic buy signal.
27.
Post 9129574 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_13.21h):
Come on.... make it stick this time.
28.
Post 9163365 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_13.22h):
500 BTC ask wall on Bitfinex. Will it get bought?
Edit: Another 100 added
quite a bit has but its just stopped the market dead now, no one wants to do anything.
29.
Post 9163425 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_13.22h):
eaten.
30.
Post 9164628 (copy this link) (by studio1one) (scraped on 2020-04-04_Sat_13.22h):
Dear tacoX Customers,
In the event of recent news reports and the potential repercussions on tacoX's operations and the market, a decision was taken to shut down and keep all your money. We will be closely monitoring the situation and will react accordingly.
Best regards,
tacoX Team
Thanks for luring me into this trap
The worst is yet to come
yeah charts are looking v bad right now.
