The Litepresence Report on Cryptocurrency

[muh_roads]

Just tuned in and the first thing I see is him going into a coffee shop trying to use Bitcoin and then they show the current price (at the time of production) at $634. Why not dump after seeing that at this point?

That was a great segment.

Especially the animations. More waves incoming. Keep growing your own personal boat.

I'm thinking of signing up for Bitwage. They can intercept your direct deposit and let you convert a portion (or all) of your paycheck to Bitcoin. Might start buying more things I need thru purse.io. They give you 20-30% off when buying thru Amazon. (I think it is owned by Roger Ver) Was checking it out today. Awesome site and how it works.

I tested these guys out in 2013 to help me pay the electric bills when mining. They were great until they got shut down.
http://billpayforcoins.com/

They recently came back and got the licensing they need to pay about 50K different utility company bills.

Detach from the greasy rotten banks. #CloseTheLoop

 

[presence]

Bad ass. Make a new thread?

I did when I posted it here.

 

[PaulConventionWV]

I agree... I'm so sick of this chit. Can't believe I sit and watch btc-e all damn day, it's like watching the grass grow. Two weeks ago it was posted to buy ltc/btc cause within 72 hours a moon... Instead it went to hell. I'm trying to keep a positive attitude, as you can see (LMAO) .. but right now thinking to get my btc out, send to Coinbase and log back in two years and see where we are.

Might not be a bad idea.

 

[muh_roads]

I personally think we're doing this all wrong. The point is to get more coins, not give away our coins. We keep waiting and buying near the trend line when ppl scream "it's gonna break out" and then it dumps to scare ppl out every time. Should be scooping the bottom of the "area of uncertainty" or whatever. We keep buying too high 240-245 and then we get screwed.

Just a nasty, shitty pattern. Not playing the consolidation game well at all.

 

[Dianne]

I personally think we're doing this all wrong. The point is to get more coins, not give away our coins. We keep waiting and buying near the trend line when ppl scream "it's gonna break out" and then it dumps to scare ppl out every time. Should be scooping the bottom of the "area of uncertainty" or whatever. We keep buying too high 240-245 and then we get screwed.

Just a nasty, shitty pattern. Not playing the consolidation game well at all.

That makes sense. Seems we're doing something wrong lol.

 

[muh_roads]

That makes sense. Seems we're doing something wrong lol.

I need to switch back to my original trading plan of laying down a spread of limit orders. You generally are 50-50.

If we're unsure what is going on and you have 20 BTC worth of USD you can use to buy, then you place a spread. And how conservative you want to be is up to you.

You also have 20 BTC ready to sell higher that is already in.

Example...Current price say is 245

1 - Limit order Buy 1 BTC @ 220 (Start at what you think is the bottom)
2 - Limit order Buy 1 BTC @ 221
3 - Limit order Buy 1 BTC @ 222
4 - Limit order Buy 1 BTC @ 223
5 - Limit order Buy 1 BTC @ 224
6 - Limit order Buy 1 BTC @ 225
7 - Limit order Buy 1 BTC @ 226
8 - Limit order Buy 1 BTC @ 227
9 - Limit order Buy 1 BTC @ 228
10- Limit order Buy 1 BTC @ 229
11- Limit order Buy 1 BTC @ 230
12- Limit order Buy 1 BTC @ 231
13- Limit order Buy 1 BTC @ 232
14- Limit order Buy 1 BTC @ 233
15- Limit order Buy 1 BTC @ 234
16- Limit order Buy 1 BTC @ 235
17- Limit order Buy 1 BTC @ 236
18- Limit order Buy 1 BTC @ 237
19- Limit order Buy 1 BTC @ 238
20- Limit order Buy 1 BTC @ 239

This method doesn't hurt as bad when falling.

Then have your sell ready.

Example...Current price = 245

1 - Limit order Sell 1 BTC @ 250
2 - Limit order Sell 1 BTC @ 251
3 - Limit order Sell 1 BTC @ 252
4 - Limit order Sell 1 BTC @ 253
5 - Limit order Sell 1 BTC @ 254
6 - Limit order Sell 1 BTC @ 255
7 - Limit order Sell 1 BTC @ 256
8 - Limit order Sell 1 BTC @ 257
9 - Limit order Sell 1 BTC @ 258
10- Limit order Sell 1 BTC @ 259
11- Limit order Sell 1 BTC @ 260
12- Limit order Sell 1 BTC @ 261
13- Limit order Sell 1 BTC @ 262
14- Limit order Sell 1 BTC @ 263
15- Limit order Sell 1 BTC @ 264
16- Limit order Sell 1 BTC @ 265
17- Limit order Sell 1 BTC @ 266
18- Limit order Sell 1 BTC @ 267
19- Limit order Sell 1 BTC @ 268
20- Limit order Sell 1 BTC @ 269 (Start at what you think is the top of the current wave)

--------------------

Problem with this is you are doing a lot of following along...canceling orders, and remaking new ones.

 

[presence]

https://discuss.tradewave.net/t/6-sar-harmonica-v0-9/480

https://tradewave.net/strategy/yAQIvxLfgg
Jan 1 2013 to current:


[2015-02-20 04:00:00] Total Run Time: 75.57 sec
[2015-02-20 04:00:00] BNH......: 18.0X
[2015-02-20 04:00:00] BTC_gain.: 6.8X
[2015-02-20 04:00:00] ROI......: 122.7X
[2015-02-20 04:00:00] Trades...: 16


OPEN SOURCE
DELUXE LOGIC PACKAGE AVAILABLE SOON
[email protected] FOR DETAILS


trade log
http://pastebin.com/xHbRZBia

 

[muh_roads]

I think China is losing the supply battle. USD exchanges like Bitstamp are pulling away from OKCoin and doing their own thing more often now. Bitfinex looks like a morph of the two.

Go 'murica.

 

[Dianne]

I need to switch back to my original trading plan of laying down a spread of limit orders. You generally are 50-50.

If we're unsure what is going on and you have 20 BTC worth of USD you can use to buy, then you place a spread. And how conservative you want to be is up to you.

You also have 20 BTC ready to sell higher that is already in.

Example...Current price say is 245

1 - Limit order Buy 1 BTC @ 220 (Start at what you think is the bottom)
2 - Limit order Buy 1 BTC @ 221
3 - Limit order Buy 1 BTC @ 222
4 - Limit order Buy 1 BTC @ 223
5 - Limit order Buy 1 BTC @ 224
6 - Limit order Buy 1 BTC @ 225
7 - Limit order Buy 1 BTC @ 226
8 - Limit order Buy 1 BTC @ 227
9 - Limit order Buy 1 BTC @ 228
10- Limit order Buy 1 BTC @ 229
11- Limit order Buy 1 BTC @ 230
12- Limit order Buy 1 BTC @ 231
13- Limit order Buy 1 BTC @ 232
14- Limit order Buy 1 BTC @ 233
15- Limit order Buy 1 BTC @ 234
16- Limit order Buy 1 BTC @ 235
17- Limit order Buy 1 BTC @ 236
18- Limit order Buy 1 BTC @ 237
19- Limit order Buy 1 BTC @ 238
20- Limit order Buy 1 BTC @ 239

This method doesn't hurt as bad when falling.

Then have your sell ready.

Example...Current price = 245

1 - Limit order Sell 1 BTC @ 250
2 - Limit order Sell 1 BTC @ 251
3 - Limit order Sell 1 BTC @ 252
4 - Limit order Sell 1 BTC @ 253
5 - Limit order Sell 1 BTC @ 254
6 - Limit order Sell 1 BTC @ 255
7 - Limit order Sell 1 BTC @ 256
8 - Limit order Sell 1 BTC @ 257
9 - Limit order Sell 1 BTC @ 258
10- Limit order Sell 1 BTC @ 259
11- Limit order Sell 1 BTC @ 260
12- Limit order Sell 1 BTC @ 261
13- Limit order Sell 1 BTC @ 262
14- Limit order Sell 1 BTC @ 263
15- Limit order Sell 1 BTC @ 264
16- Limit order Sell 1 BTC @ 265
17- Limit order Sell 1 BTC @ 266
18- Limit order Sell 1 BTC @ 267
19- Limit order Sell 1 BTC @ 268
20- Limit order Sell 1 BTC @ 269 (Start at what you think is the top of the current wave)

--------------------

Problem with this is you are doing a lot of following along...canceling orders, and remaking new ones.

Wow I like that. That's the perfect plan for someone like me, just a casual investor that doesn't understand or follow the charts.

 

[muh_roads]

Trying to break thru a triple top...

 

[PaulConventionWV]

Trying to break thru a triple top...

I would be really surprised if it broke through now. We're retesting the highs, but the volume is barely a fraction of what it was before. Less people are wanting to buy in.

 

[zeMan]

Have you guys noticed the 1 Day MACD? Has only gone positive 3 other times over the past year, followed by a nice rise every time. Just went positive a day ago - https://www.tradingview.com/e/ZBxeFNwW/

I guess it's possible it could drop down again, but this is pretty bullish eh?

 

[PaulConventionWV]

As I expected, that test didn't break through, but that doesn't mean it won't happen. My last idea shows a compelling ascending triangle, suggesting that the steady rise will continue and probably accelerate if it breaks through this resistance. Right now, we appear to be headed for a bull market, but this cannot be confirmed until we take out the new high at $268.

 

[muh_roads]

Broke thru the orange line for a bit.

<311>Oh, ah-woah-woah. Red is the color of your d-um-py. Green pumps come unnaturally.</311>

Come on 1D double-bottom. Margins have been so thin over the last week I need a nice healthy rescoop to recover some fuck-ups.

 

[PaulConventionWV]

Broke thru the orange line for a bit.

<311>Oh, ah-woah-woah. Red is the color of your d-um-py. Green pumps come unnaturally.</311>

Come on 1D double-bottom. Margins have been so thin over the last week I need a nice healthy rescoop to recover some fuck-ups.

No support area or trend line can exactly predict the price, but as expected the short spike below the orange line was followed by a steady consolidation just above it. The spike was just people panicking and getting out at the last moment. We may get another drop soon, but for now, we're hung up at this support level.

I usually don't trade when volume is so thin like this. I would love for us to get a 1D double bottom so I can grab another good-sized short before buying back in.

 

[muh_roads]

No support area or trend line can exactly predict the price, but as expected the short spike below the orange line was followed by a steady consolidation just above it. The spike was just people panicking and getting out at the last moment. We may get another drop soon, but for now, we're hung up at this support level.

I usually don't trade when volume is so thin like this. I would love for us to get a 1D double bottom so I can grab another good-sized short before buying back in.

1H looks good for a possible scalp.

4H looks like the start of dewm, maybe...

 

[PaulConventionWV]

1H looks good for a possible scalp.

4H looks like the start of dewm, maybe...

Here's another idea I found intriguing. We may see another run-up before one final push to end the bear market. First, though, I'm expecting at least $220s.

 

[presence]

I made some progress w/ my 6 SAR script this evening:

Currently testing 37X BTC Oct 2011 to present...

Its currently holding USD

 

[muh_roads]

Here's another idea I found intriguing. We may see another run-up before one final push to end the bear market. First, though, I'm expecting at least $220s.

There does seem to be a lot of resistance at 240 right now. The timeline to reach 170 might be stretched out longer.

There is interest. The CNN episode definitely had an impact I think.

If the whale fuckery based on what 4x says can take it from 170 to 450, that would get more people interested in playing again, creating new support levels.

 

[FSP-Rebel]

During the boredom, at least the transactions are still trending in the right direction.
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=