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Title: You shall not pass 27 Post by: ElectricMucus on February 01, 2013, 12:11:13 PM https://i.imgur.com/qkxemF0.png
just made this, what do you think? last line of defence for the bears. Title: Re: You shall not pass 27 Post by: cloon on February 01, 2013, 01:04:21 PM u must be trolling ??? ??? ???
Title: Re: You shall not pass 27 Post by: wormbog on February 01, 2013, 01:14:03 PM You might as well be reading tea leaves.
Title: Re: You shall not pass 27 Post by: no name on February 01, 2013, 01:23:02 PM interesting Title: Re: You shall not pass 27 Post by: Luno on February 01, 2013, 01:26:05 PM Different market, traders and market cap and it was a hack that made the peak= no reason that this pattern from a year and a half should repeat!
Title: Re: You shall not pass 27 Post by: ElectricMucus on February 01, 2013, 01:32:37 PM You might as well be reading tea leaves. Yes, but tell that to the lemmings following the blue guy. I did the same thing just less complicated. ;) Title: Re: You shall not pass 27 Post by: ElectricMucus on February 01, 2013, 01:37:35 PM Different market, traders and market cap and it was a hack that made the peak= no reason that this pattern from a year and a half should repeat! The hack was after the peak, this is fully valid. (As valid as a non-backtested trading channel chart can be anyway) Title: Re: You shall not pass 27 Post by: Puppet on February 01, 2013, 01:59:44 PM Title: Re: You shall not pass 27 Post by: smoothie on February 01, 2013, 02:27:32 PM +1 LOL!!! Title: Re: You shall not pass 27 Post by: StarenseN on February 01, 2013, 03:07:22 PM Title: Re: You shall not pass 27 Post by: notme on February 01, 2013, 10:32:39 PM FTFY width=800 is your friend, although your text is tiny Title: Re: You shall not pass 27 Post by: herzmeister on February 01, 2013, 11:25:22 PM guess he's a guy rich with screen pixels :D
Title: Re: You shall not pass 27 Post by: byronbb on February 02, 2013, 12:31:52 AM Title: Re: You shall not pass 27 Post by: Foxpup on February 02, 2013, 01:22:38 AM Unless you really think we're going to see negative prices by 2015, stop drawing straight lines on a linear chart. ::)
Title: Re: You shall not pass 27 Post by: 01BTC10 on February 02, 2013, 01:30:26 AM http://2.bp.blogspot.com/-P-oyYnXLoy0/TaeF237wj2I/AAAAAAAAAFk/0lhK3QpNZH4/s1600/crystal_ball.jpg
The official Bitcoin oracle. Title: Re: You shall not pass 27 Post by: ElectricMucus on February 02, 2013, 11:30:43 AM Unless you really think we're going to see negative prices by 2015, stop drawing straight lines on a linear chart. ::) The same old argument. They are meant to be broken, but they work better than straight lines on a logarithmic chart. BTW, it seems that the line we are currently at happens to show more resistance than I assumed. I wouldn't be surprised if we crash to 15.... That said I don't even think that it has any predictive power whatsoever, it is just that people come to similar conclusions (or follow the blue guy). This group behaviour then actually makes those charts become true. The simpler the pattern is the more likely it is to be followed since more people will recognize it and act accordingly. |
