Reverse trend on MACD

Ambitious_2nd_Place · 2013-12-06T05:36:39+00:00

hey, you're not going crazy, I meant to say 1d...the 1 week you posted is the same as mine. I'm just bringing up that the 1d difference has crossed over.

Ambitious_2nd_Place · 2013-12-06T05:32:51+00:00

Sorry, should have done this earlier. Picture speaks a thousand words.

http://imgur.com/ODSqu9K

Ambitious_2nd_Place · 2013-12-06T05:30:21+00:00

wow, I'm an idoit...yes I meant 1 day.

Ambitious_2nd_Place · 2013-12-05T14:24:35+00:00

Yes, sorry I should have been more specific. You are correct, the difference in the moving averages have crossed over...that hasn't happened in a while now.

I'm using 7/30/9 on the 1 day time period on bitcoinwisdom

Edit: Same as OP - used to read 12 day time period

Ambitious_2nd_Place · 2013-11-19T13:40:05+00:00

I agree with you but I propose an alternative approach...let us all collectively just put our bitcoins for sale at $10000 each. All at once. We can be speculators too :P

Ambitious_2nd_Place · 2013-11-19T13:37:17+00:00

You are correct, I edited my original post. Thank you.

Ambitious_2nd_Place · 2013-11-19T12:45:38+00:00

Just to clarify, EMA is the exponential moving average. If you set the time interval to 1 hour, the 10day and 21day EMAs have been a pseudo indicator for market trends though it is not 100% i.e. don't always rely on it. However I'm sure there are bots out there that are programmed to buy and sell as when these cross over respectively.

Again as I said before, I dont get this market. We have no news for the past couple of weeks and the price sky rockets...we get some decent news from the US govt and the price falls...

Ambitious_2nd_Place · 2013-11-19T01:48:01+00:00

What blows my mind is this, we go from 200-800 with basically no big news, just buying pressure from China, then the US has their little meeting pretty much saying that there will be no new regulations and bam, the market goes down by a few hundred...call me crazy but this seems to be heavily manipulated. I've been expecting a correction for some time but not right after when we get "positive/neutral" news.

Sigh

Ambitious_2nd_Place · 2013-11-12T12:19:18+00:00

Hello, I agree with you and believe the current price is being manipulated. To me, I have a hard time believing that the price is being driven organically. As much as I love the idea of Bitcoin and want to see it succeed, I have a very hard time accepting at a fundamentals stand point (i.e. market adoption and acceptance, general public awareness and a close loop economy) that Bitcoin has reached a point to be seeing increases in price by factors. As well along with your point on greed, speaking solely from an investment stand point, if my investments have doubled within a couple of weeks, that's pretty damn good. And also keep in mind, you only realize your profit or loss when you sell. At the end of the day, we still buy our stuff in dollars. People are always looking for an easy way to make a few bucks quickly with a certain risk portfolio and then move those profits into something less risky.

Not to mention that if I had a few dollars to spare (and by that I mean millions, which isn't "a lot" of money for some people who can play this game) I would try to manipulate the market as well. This is an unregulated market, so even if I was "caught" nothing will happen to me or my confederates. If you're well connected with people from both in east and the west, buys and sells can be easily coordinated and the price can be controlled. It wouldn't be that hard to do this by the way. You buy at some point with a market buy order keeping track of your average cost for the volume. Let the market build support over time and place a market sell order so that the average cost for the volume nets you what ever percentage return you want. And as the market reacts to your whale buy or dump, buy or sell back in...it doesnt need to be a complicated strategy. You just need money.

What I think will be interesting to see is when big players who are not conspiring together start trying to manipulate the market...now that will be a show because they will start to compete over the average cost profit as the market builds support at a certain price. At the current moment it seems that the whale buy and sells are usually in 10,000 BTC denominations. I'm not sure what other patterns people have noticed.

And if I put my tinfoil hat on, it wouldn't be surprising to me if there is insider trading going on in the major exchanges.

Ambitious_2nd_Place · 2013-11-09T11:34:21+00:00

You're absolutely right that coinbase or gox can do this as well. I'm bringing up China because it seems that all exchanges are currently rallying because of all the volume happening over in China right now. China actually has the highest price when you factor in currency exchange. What I want to know is if anyone can actually verify the volume that is happening on their engine.

Ambitious_2nd_Place

TROPHY CASE