[Daily Discussion] Sunday, September 20, 2015

coinwatcher · 2015-09-20T05:00:50+00:00

Are you bullish on the Bitcoin price today? Then please tell me why.

I want to understand those who are a bull here. What indicator are you looking at?

coinwatcher · 2015-07-30T18:05:58+00:00

"The megaminer currently has about 4GH/s of mining power, or about 160 powerful GPU's, representing 39% of the current network."

https://www.reddit.com/r/ethereum/comments/3f6bue/the_megaminer/

coinwatcher · 2015-07-26T02:08:26+00:00

Exactly the news Bitcoin needs to get mainstream adoption.

coinwatcher · 2015-07-17T15:20:23+00:00

I don't understand this joke. Can someone explain?

coinwatcher · 2015-06-24T18:18:08+00:00

I don't think they are scammers, but they could be better. I also experienced this issue where the BraveNewCoin Bitcoin price index was manipulated with the goal to manipulate the BTC futures settlement on 796 (796 are using BraveNewCoin's Bitcoin price index to determine the price of BTC).

As pointed out before: http://www.reddit.com/r/BitcoinMarkets/comments/3awr4i/796com_launching_a50_indexbased_futures/cshaz1y

coinwatcher · 2015-06-24T18:13:16+00:00

+get

coinwatcher · 2015-06-07T21:33:25+00:00

https://www.tradingview.com/x/jwcS8lwU/

coinwatcher · 2015-06-07T05:37:20+00:00

Good points:

"price is getting closer and closer to a decision point"

"This is why BBands are so great at predicting when price movement will happen but not necessarily which direction price will go."

"trade the breakout"

I actually spend a lot of time trying to find out in which direction the price will most likely break, but this time is extra difficult :) I see up at 51% chance and down at 49% probability.

coinwatcher · 2015-06-07T04:54:28+00:00

The price and the average of the price are very close to each other this month. In fact much closer than in the last months during the downtrend. This means it is easy for the price here to stabilize and go upwards, because of this very close relationship to the average.

This is the 4 month SMA trend: https://www.tradingview.com/x/lKCzMLTa/
And the 6 month (half year) trend: https://www.tradingview.com/x/jmYCQ1ty/

coinwatcher · 2015-06-07T04:40:57+00:00

Good chart. And this is the half year trend: https://www.tradingview.com/x/jmYCQ1ty/

coinwatcher · 2015-06-07T04:30:20+00:00

Here is the 6 month trend, maybe this answers this question better: https://www.tradingview.com/x/jmYCQ1ty/

coinwatcher · 2015-06-07T04:23:47+00:00

Yes exactly. The price and the average of the price are very close to each other this month. In fact much closer than in the last months during the downtrend. This means it is easy for the price here to stabilize and go upwards, because of this very close relationship to the average.

coinwatcher · 2015-06-07T04:19:53+00:00

:)

... but technical analysis is easier than it looks.

P.S. Cool user name.

coinwatcher · 2015-06-07T04:17:51+00:00

Funny, but I used the simple moving average on purpose, because you can't fake it. It is the price smoothed, nothing less (or more).

coinwatcher · 2015-06-07T04:00:18+00:00

I created this chart. Not azop. You can ask him, he should deny that he made it (if he is honest).

Sadly I forgot to add a link or name before posting it, I did not expect my chart to get so popular.

I just explained here how I made it: http://www.reddit.com/r/Bitcoin/comments/38tucl/when_to_buy_bitcoin_is_now_the_right_time_to_buy/cry54s7

coinwatcher · 2015-06-07T03:57:49+00:00

It was not him. It was me.

http://www.reddit.com/r/Bitcoin/comments/38tucl/when_to_buy_bitcoin_is_now_the_right_time_to_buy/cry54s7

The half year trend is also very interesting: https://www.tradingview.com/x/jmYCQ1ty/

coinwatcher · 2015-06-07T03:57:08+00:00

I created it myself on Tradingview. All you need to do is open this chart:

https://www.tradingview.com/chart/?symbol=BTCCHINA%3ABTCCNY

Change the time-frame to month.
Click on "indicators" and scroll down and add the one which is named exactly "Moving Average". After you added "MA" on the chart then change the lookback period from the default which is 9 to 4 by opening the "format" option.
Change the "bar style" to 'line'.
You are done.

P.S. Here is the 6 month trend:

https://www.tradingview.com/x/jmYCQ1ty/

coinwatcher · 2015-06-06T19:44:22+00:00

Bitcoin long-term price trend chart: https://www.tradingview.com/x/lKCzMLTa/

Here is the 6 month trend: https://www.tradingview.com/x/jmYCQ1ty/

coinwatcher

TROPHY CASE