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Bitcoin technical analysis

  • #1,741
  • Jan 21, 2014 4:17am Jan 21, 2014 4:17am
Quoting KiwiOz
{quote} That's OK Didn't realise you were so new to mt4. Download the file to your download folder. Copy & paste it into your mt4 indicators folder. Go to your computer C drive....open programme files you will see your mt4 folder there, open it click on experts then indicators...paste the file in indicatores folder. close mt4 platform. restart & it will be in with the rest of your indicators in custom indicators..........cheers
Also if you want to see your charts or others to see them more clearly.....Or to hide your trades from others when posting.......Tools,,options,,charts...untick "show trade levels"
Money Makes Money
  • #1,742
  • Jan 21, 2014 4:21am Jan 21, 2014 4:21am
Quoting MikeySym
anyone who does not like Bitcoin is simply someone who had the chance to buy it when it was $20 per Bitcoin and missed that chance, and is now a slander of Bitcoin. Its a fantastic investment if you have made over 3000% in a year, however most people are dying for the price to hit $50 per bitcoin so they can buy, guess what not gonna happen, next time it hits 1000 will be the last time you will see Bitcoin in 3 digits as it is now. I bought litecoin last year when it was hovering around $2 per coin thats at $23 but i will sell at $47 or at least...
Money Makes Money
  • #1,743
  • Jan 21, 2014 4:25am Jan 21, 2014 4:25am
Quoting venzen
{quote} (...) So imagine if someone in the inland town had a secret Cowry shell farm and just kept introducing new currency without the necessary production of trade goods to bring new shells into the system... eventually the whole thing would backfire and the local economy myteriously inflate because there is ever-increasing imbalance between amount of goods and amount of currency... wow, I sure am glad that kind of thing can't happen today! phew! thank Buddha for banks and politicians and integrity...
Well, I'm not that fluent at recognizing monetary policies used by central banks and govs, but I thought that the FED's QE programme (also used by the ECB and BoE), is a smart way of injecting money into the market- not directly by printing, but pritning is also involved. The governments create money and then buy financial assets from banks (allowing banks to lend more) which in turn lowers yeald levels of bonds. As I said, I may be wrong about that, it's not directly in my line of interest, so please correct me if I'm wrong.

Btw, nice thread. I am so curious as to how Bitcoin will develop over the years.
  • #1,744
  • Jan 21, 2014 4:29am Jan 21, 2014 4:29am
Quoting KiwiOz
{quote} That's OK Didn't realise you were so new to mt4. Download the file to your download folder. Copy & paste it into your mt4 indicators folder. Go to your computer C drive....open programme files you will see your mt4 folder there, open it click on experts then indicators...paste the file in indicatores folder. close mt4 platform. restart & it will be in with the rest of your indicators in custom indicators..........cheers
some how is not like yours KO...

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 28 KB
The Chonchy
  • #1,745
  • Jan 21, 2014 4:31am Jan 21, 2014 4:31am
Quoting KiwiOz
{quote} Also if you want to see your charts or others to see them more clearly.....Or to hide your trades from others when posting.......Tools,,options,,charts...untick "show trade levels"

thanks KiwiOz, I appreciate that also....... but this trades are so little lots that who cares about them, lol.....
The Chonchy
  • #1,746
  • Jan 21, 2014 4:33am Jan 21, 2014 4:33am
Quoting chonchy
{quote} some how is not like yours KO... {image}
Hahaa take another look. It changes & keeps up every time the support & resistant lines change on each time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 42 KB
Money Makes Money
  • #1,747
  • Jan 21, 2014 4:36am Jan 21, 2014 4:36am
Quoting KiwiOz
{quote} Hahaa take another look. It changes & keeps up every time the support & resistant lines change on each time frame. {image}
Great for breakout trading.....
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm5.png Size: 40 KB
Money Makes Money
  • #1,748
  • Jan 21, 2014 4:40am Jan 21, 2014 4:40am
What do people in the thread think about the Silk Road wallet?
https://blockchain.info/address/1F1t...Dqcw6o5GNn4xqX

News reports talk about the FBI having to auction the coins... but I can't see why they should - there is no evidence that they're not just going to put it through Bitstamp or Coinbase, right?

And if they do, there will be a massive drop down which will instantly zoom back up due to existing buy orders and opportunistic market buyers...

I guess a more likely outcome is that they auction the coins in lots... or perhaps a large firm has already approached them with an offer to buy (out of exchange) for a good price.

If I were to buy 5,000 tulips from auction, I'd transfer them straight to my BTC-e account and sell them for USD to fund my MT4 account where I can leverage the USD value 3x and therefore make 3x the profit than if I were just to hold the tulips to sell high later.

So what would a firm do with a crate of Bitcoins? Sell them to fund MT4? Or hold them to sell above their buying price? Or just hold them as a means of showing power and using that ownership as collateral for other investments or loans?

I'm interested to know what people think because it's an elephant in the room.
cryptocurrency everytime
  • #1,749
  • Jan 21, 2014 4:55am Jan 21, 2014 4:55am
Quoting thexit
{quote} Well, I'm not that fluent at recognizing monetary policies used by central banks and govs, but I thought that the FED's QE programme (also used by the ECB and BoE), is a smart way of injecting money into the market- not directly by printing, but pritning is also involved. The governments create money and then buy financial assets from banks (allowing banks to lend more) which in turn lowers yeald levels of bonds. As I said, I may be wrong about that, it's not directly in my line of interest, so please correct me if I'm wrong. Btw, nice thread....
......If I may comment venzen on this........I will say that if in a house whole the head of the family, spend money in things needed for the house like TV's, new furniture, security doors and windows with borrow money from the bank it will become a time that they owl more money to the bank than the cost of the house itself, house loans are bigger than the cost of the house in the market so if work is scares like now, the head of the house could lose the house with security bars in the windows and all the TV's and furniture all together, you should buy a TV when everything is paid for or wait to have the cash apart from all rent or mortgage and all other utility payments, debt is the business of the banks, get you in debt and then own you, I don't know if thexit know that the central bank is a privately owned bank and their business is to lend money to the government and if the government can't pay, we the taxpayers will pay so they own us, when they lend money to the government, some kind of collateral is there, so if the government can't pay they will foreclosure on the government, of course it never get;s there but they do own us, and like money corrupts, when the government needs money, the privately owned central bank lends, and printing ? well printing is like if have many oranges and they are going to go bad, you need to sale them at a lower cost other wise they will go bad, but if you have only a few oranges and the demand is high you can sale them high, money is the same, is there is more money in circulation the money that you have in your pocket cost less or can buy less goods, there why we have inflation, a hidden tax if you ask me, and they say they will buy back all bonds so the government can build and make nice wars with it, but they buy those bonds with money printed out of thing air and causing devaluation on your saved money, but of course if dollar is low, people come and buy good so the big corps pay more tax to the government so the government pay the loans quickly, if the dollar is high, no exports, with no exports no repayment of loans to the privately owned central bank, and oh yeah the QE's, the quantitative easy, as the name say, is easy money for the friends in JPMorgan and golden sacks to borrow low interest loans to invest in wall street buy stocks and real state and people think all is good, like my friend thexit here think it is, but oh no, we are far from good, we are a nation bankrupted, destroy and there is no stopping until they take all the juice from this orange and let ........our children sleeping on the streets.....

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
~ Thomas Jefferson
The Chonchy
  • #1,750
  • Jan 21, 2014 4:57am Jan 21, 2014 4:57am
Quoting venzen
What do people in the thread think about the Silk Road wallet? https://blockchain.info/address/1F1t...Dqcw6o5GNn4xqX News reports talk about the FBI having to auction the coins... but I can't see why they should - there is no evidence that they're not just going to put it through Bitstamp or Coinbase, right? And if they do, there will be a massive drop down which will instantly zoom back up due to existing buy orders and opportunistic market buyers... I guess a more likely outcome is that they auction the coins in lots......
so my money in MT4 is in dollars venzen? not BTC...
The Chonchy
  • #1,751
  • Jan 21, 2014 4:59am Jan 21, 2014 4:59am
Quoting KiwiOz
{quote} Hahaa take another look. It changes & keeps up every time the support & resistant lines change on each time frame. {image}
Oh ok so is good, I did it rite......thanks KO.....I appreciate it....
The Chonchy
  • #1,752
  • Jan 21, 2014 5:00am Jan 21, 2014 5:00am
Quoting thexit
{quote} Well, I'm not that fluent at recognizing monetary policies used by central banks and govs, but I thought that the FED's QE programme (also used by the ECB and BoE), is a smart way of injecting money into the market- not directly by printing, but pritning is also involved. The governments create money and then buy financial assets from banks (allowing banks to lend more) which in turn lowers yeald levels of bonds. As I said, I may be wrong about that, it's not directly in my line of interest, so please correct me if I'm wrong. Btw, nice thread....

hi thexit,

I think you describe it pretty well - that's what they do, but there's a circularity hidden in there: the business cycle (uninterfered with) traditionally manifests low interest rates as the banks lower the cost of borrowing to encourage businesses to take out loans. The loans spur economic growth as businesses invest the borrowed money in product development and strategic growth. Consumers benefit from the booming business cycle through higher wages which encourages spending and saving, thereby driving up interest rates (again, preempted by the banks who want to encourage deposits to fund their own existence). And so, with increasing interest rates businesses eventually stop borrowing; consumers spend less and the cycle slows down due to contraction. Until the next cycle is initiated with a lowering of interest rates again. The bond market is a speculative sideshow to the core cycle which is business growth and consumer spending. But what the Fed is doing (and the other central banks too but let's focus on the Fed) is they are trying to artificially kick-start a new business cycle by forcing rates up while (and here's the kicker) employment is down and consumers have record low savings and record high household debt - conditions that (traditionally) are associated with the different phases of the cycle. So it's out of whack. And the bondmarket (govt debt certificates) is at an artificially low yield (interest rate) because $40 billion of the monthly $85 billion QE had been the Fed buying it's own Bonds with money it printed into existence. There is the circularity and the analogy to the man owning a Cowry shell farm slipping money into the local economy.
cryptocurrency everytime
  • #1,753
  • Jan 21, 2014 5:02am Jan 21, 2014 5:02am
Quoting venzen
What do people in the thread think about the Silk Road wallet? https://blockchain.info/address/1F1t...Dqcw6o5GNn4xqX News reports talk about the FBI having to auction the coins... but I can't see why they should - there is no evidence that they're not just going to put it through Bitstamp or Coinbase, right? And if they do, there will be a massive drop down which will instantly zoom back up due to existing buy orders and opportunistic market buyers... I guess a more likely outcome is that they auction the coins in lots......
what worries me is why they are sallying it, if is going to go higher, unless they need the money to pay the marshals
The Chonchy
  • #1,754
  • Jan 21, 2014 5:10am Jan 21, 2014 5:10am
Quoting venzen
{quote} hi thexit, I think you describe it pretty well - that's what they do, but there's a circularity hidden in there: the business cycle (uninterfered with) traditionally manifests low interest rates as the banks lower the cost of borrowing to encourage businesses to take out loans. The loans spur economic growth as businesses invest the borrowed money in product development and strategic growth. Consumers benefit from the booming business cycle through higher wages which encourages spending and saving, thereby driving up interest rates (again,...
when the GDP of a nation is growing, printing money accordingly is ok but when a nation GDP is lower and lower every year, unemployment as its heights and manufacturing is at its low, then all entitlements and all government help become very expensive at the cost of the consumer, so the consumer have less to spend and then the contraction is imminent, but that is precisely the plan, when you want to destroy a nation, bring cost up of goods, make money accessible only to the elite and no one will be safe, then chaos rain and people ask for a world government, a "New World Order"......then the beast sets in......game over.....
The Chonchy
  • #1,755
  • Jan 21, 2014 5:16am Jan 21, 2014 5:16am
Quoting chonchy
{quote} what worries me is why they are sallying it, if is going to go higher, unless they need the money to pay the marshals

chonchy, i don't believe there is a sinister reason for them selling the tulips - it's what they do with all seized assets. Having been obtained from the proceeds of crime, the FBI is forced to auction them off (or sell them for cash) to fund it's operations. So no X files there, but what I wonder is when and how they're going to do this?

This is critical for us to think about and prepare for - so we can profit from it and be ready if there is a massive spike that can blow our margin accounts. A spike is not bad, but you just want to be sure to be positioned right!

Also, and this is a second impact: There is another wallet belonging the the Dread Pirate Roberts containing 144,000 coins. The Silk Road wallet is only 29,000. Whatever they do with the Silk Road wallet - they will probably do the same with the Dread Pirate's wallet and the market will know that at the moment they announce their intention (or God forbid) do something without announcing it first.

I'm not saying we need to be scared, I'm saying we need to be prepared. It's different and more power to us. More power in the marketplace equals more profit (and less loss)
cryptocurrency everytime
  • #1,756
  • Jan 21, 2014 5:18am Jan 21, 2014 5:18am
Quoting thexit
{quote} Well, I'm not that fluent at recognizing monetary policies used by central banks and govs, but I thought that the FED's QE programme (also used by the ECB and BoE), is a smart way of injecting money into the market- not directly by printing, but pritning is also involved. The governments create money and then buy financial assets from banks (allowing banks to lend more) which in turn lowers yeald levels of bonds. As I said, I may be wrong about that, it's not directly in my line of interest, so please correct me if I'm wrong. Btw, nice thread....
the government print money out of thin air and almost give it to the banks at almost no interest......so the rich get richer and the poor is getting poorer.....there is no middle class anymore is only rich and poor, and the rich are very few and the poor is getting big........also the central bank is not own by the feds, they just operate it, but the owners are the Rothschild's the Bilderberg's and the Rockefellers, Ben is just a puppet at their service, and the funny thing is that our tax dollars guard them with the secret service as if the bank was own by the president or us, funny ah......


Inserted Video
The Chonchy
  • #1,757
  • Jan 21, 2014 5:25am Jan 21, 2014 5:25am
Quoting venzen
{quote} chonchy, i don't believe there is a sinister reason for them selling the tulips - it's what they do with all seized assets. Having been obtained from the proceeds of crime, the FBI is forced to auction them off (or sell them for cash) to fund it's operations. So no X files there, but what I wonder is when and how they're going to do this? This is critical for us to think about and prepare for - so we can profit from it and be ready if there is a massive spike that can blow our margin accounts. A spike is not bad, but you just want to be...
I see, so yeah they need to do it, but not because they want it but because they have to, ok, well I think that is just like you say, when they news show it will spike, but I don't know if down is the way, remember this BTC is already created and it will change hands only so is a buy I think and a buy will create a spike up so that could be the catalyst to go over 1000 and make a run for 1500, I don't know, I'm lost, we need more opinions here....
The Chonchy
  • #1,758
  • Jan 21, 2014 5:29am Jan 21, 2014 5:29am
Quoting venzen
{quote} chonchy, i don't believe there is a sinister reason for them selling the tulips - it's what they do with all seized assets. Having been obtained from the proceeds of crime, the FBI is forced to auction them off (or sell them for cash) to fund it's operations. So no X files there, but what I wonder is when and how they're going to do this? This is critical for us to think about and prepare for - so we can profit from it and be ready if there is a massive spike that can blow our margin accounts. A spike is not bad, but you just...
:nerd:
The Chonchy
  • #1,759
  • Jan 21, 2014 5:30am Jan 21, 2014 5:30am
Quoting chonchy
{quote} "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." ~ Thomas Jefferson

you say it like it is. the central banking dilemma is a major systemic problem, and i hope i live to see a solution. but as you know: sometimes when you want to extract a parasite it can threaten the life of the host.
cryptocurrency everytime
  • #1,760
  • Edited 5:48am Jan 21, 2014 5:35am | Edited 5:48am
Quoting venzen
{quote} hi thexit, I think you describe it pretty well - that's what they do, but there's a circularity hidden in there: the business cycle (uninterfered with) traditionally manifests low interest rates as the banks lower the cost of borrowing to encourage businesses to take out loans. The loans spur economic growth as businesses invest the borrowed money in product development and strategic growth. Consumers benefit from the booming business cycle through higher wages which encourages spending and saving, thereby driving up interest rates (again,...
How smart is that, you have to give it to them, they print money out of thin air, lend it to the government, charge back interest, low but they do charge interest on money that didn't cost them anything to this private bank of the you know who own it, and then with the money laundered they buy bonds to be worth something one day or have the government in check, lol it can't be more clever me think.......in other words they own the government, don't they, give me control of one country's money and I will care less who make the laws, lol clever also ah......they are in deed......a bunch of clever bastards.....did you guys know that Mr Rothschild had a son with one of his servants, that doesn't make him a bastard?
The Chonchy
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