* TraderTimm is amused how we're in the 15 area, after all the hysteria of yesterday.
<TraderTimm> Silly newbie traders.
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<Jere_Jones> The bitcoin market feels like a super fast version of the normal market. 1 hour in BTC time = 1 day in NYSE time
<TraderTimm> Good point.
<TraderTimm> I'm enjoying it, actually.
<Jere_Jones> It certainly keeps one awake.
<TraderTimm> And I'm happy that conventional charting techniques work in this non-HFT market.
<TraderTimm> (High Frequency Trading)
<Jere_Jones> I've heard you, or someone, say "Buy on the 50 hour low, Sell on the 50 hour high"... I wonder if that should be "Buy on the 2 hour low, Sell on the 2 hour high"
<TraderTimm> Not me, I'm afraid. I don't do absolute timing differentials.
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<TraderTimm> Interesting, spiking past 15.40's
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<Jere_Jones> We busted $16? Already? Geez....
<TraderTimm> Yes, interesting.
<TraderTimm> Not sure if we'll sustain that though
<TraderTimm> 15.50's seems more likely
<Jere_Jones> Yay! Sold 50 at 16.2 and 50 at 16.4! Feelin' gooood.... :)
<TraderTimm> Nicely done
<Jere_Jones> Now I only have to wait until it hits 17 to buy back in. :)
<TraderTimm> We've moved four bucks so far. Who knows :)
<TraderTimm> Hell of a market.
<TraderTimm> jeeze, saw one cross at 16.50
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<TraderTimm> Two hours to the next difficulty readjustment. Just shy of 14%