Bitcoin Forum

Economy => Speculation => Topic started by: Lusitanian Trader on January 13, 2014, 06:00:10 PM



Title: Bitcoin - Broken trend line
Post by: Lusitanian Trader on January 13, 2014, 06:00:10 PM

Bitcoin - Broken trend line (http://bullandbearmarkets.blogspot.pt/)

Zone supports

Chart of 240 minutes



Blog - Bull And Bear Markets (http://bullandbearmarkets.blogspot.pt/)

http://img12.imageshack.us/img12/2383/u6u1.png (http://bullandbearmarkets.blogspot.pt/)


Title: Re: Bitcoin - Broken trend line
Post by: testbug on January 14, 2014, 03:26:44 PM
Hi there,
i just saw ur topic.

could u quickly try to explain to me, what a "bull trap" "bear trap" is? ofc this are hunting traps for animals ;)
and i think its sth like "lets buy mass btc so its rising, so we can sell even more on higher price and rebuy after it drops down again".

is this true?

are you doing a blog on such things u think will happen?


Title: Re: Bitcoin - Broken trend line
Post by: segeln on January 14, 2014, 03:36:43 PM

Bitcoin - Broken trend line (http://bullandbearmarkets.blogspot.pt/)

too short-sighted in my opinion


Title: Re: Bitcoin - Broken trend line
Post by: Lusitanian Trader on January 14, 2014, 03:45:20 PM
Hi there,
i just saw ur topic.

could u quickly try to explain to me, what a "bull trap" "bear trap" is? ofc this are hunting traps for animals ;)
and i think its sth like "lets buy mass btc so its rising, so we can sell even more on higher price and rebuy after it drops down again".

is this true?

are you doing a blog on such things u think will happen?

Below the resistance line is falling


Title: Pullback and resistance
Post by: Lusitanian Trader on January 14, 2014, 03:48:29 PM


Pullback and resistance

The trend line was broken, now is a resistance.
With the price below the resistance line, the market is Bears.

Chart of 240 minutes

Blog - Bull And Bear Markets (http://bullandbearmarkets.blogspot.pt/)

https://i.imgur.com/xE4yBwc.png (http://bullandbearmarkets.blogspot.pt/)


Title: Re: Bitcoin - Broken trend line
Post by: proudhon on January 14, 2014, 03:54:40 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.


Title: Re: Bitcoin - Broken trend line
Post by: sir faps on January 14, 2014, 04:00:28 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

Lol


Title: Re: Bitcoin - Broken trend line
Post by: Bios Optimus on January 14, 2014, 04:01:54 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

Prooudhon, whats your logic? You dont think that in the coming months/Years that more people will use bitcoin as speculation and/or for currency?  Thanks in advance.


Title: Re: Bitcoin - Broken trend line
Post by: damiano on January 14, 2014, 04:07:40 PM
We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0. 

Care to put a wager on this?


Title: Re: Bitcoin - Broken trend line
Post by: fr33d0miz3r on January 14, 2014, 04:16:03 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

Lol

why are you laughing? Proudhon is right.


Title: Re: Bitcoin - Broken trend line
Post by: Lusitanian Trader on January 14, 2014, 04:16:48 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

LOOOOOL  ;D ;D ;D ;D ;D ;D


Title: Re: Bitcoin - Broken trend line
Post by: fr33d0miz3r on January 14, 2014, 04:20:51 PM
https://www.tradingview.com/x/aW4MFXYh/


Title: Re: Bitcoin - Broken trend line
Post by: Milotyc on January 14, 2014, 04:21:23 PM
http://s12.postimg.org/f1l389f99/watstrend.jpg

Wtf I keep looking but still can't find a broken trend  ???


Title: Re: Bitcoin - Broken trend line
Post by: Lusitanian Trader on January 14, 2014, 04:22:58 PM



Below the line, fall ...


Title: Re: Bitcoin - Broken trend line
Post by: segeln on January 14, 2014, 04:24:27 PM
Wtf I keep looking but still can't find a broken trend  ???
nor do I


Title: Re: Bitcoin - Broken trend line
Post by: Miz4r on January 14, 2014, 04:25:41 PM
LOL @ the people who can't see through the trolling. :P


Title: Re: Bitcoin - Broken trend line
Post by: knightcoin on January 14, 2014, 04:36:32 PM
make noise is cheap than make sense  ...

http://trollboxarchive.com/

Still HODL


Title: Re: Bitcoin - Broken trend line
Post by: fr33d0miz3r on January 14, 2014, 04:37:59 PM
get ready for blood rain

http://25.media.tumblr.com/tumblr_l3oxynbTNT1qb8txro1_400.jpg


Title: Re: Bitcoin - Broken trend line
Post by: proudhon on January 14, 2014, 04:48:51 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

Prooudhon, whats your logic? You dont think that in the coming months/Years that more people will use bitcoin as speculation and/or for currency?  Thanks in advance.

My logic is derived from clearly verified foreign language sources.  Mostly Chinese, but we're beginning to get some very bad news out of Russia.


Title: Re: Bitcoin - Broken trend line
Post by: aminorex on January 14, 2014, 05:35:45 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

Prooudhon, whats your logic? You dont think that in the coming months/Years that more people will use bitcoin as speculation and/or for currency?  Thanks in advance.

Proudhon...logic... surely you jest.


Title: Re: Bitcoin - Broken trend line
Post by: 600watt on January 14, 2014, 05:39:00 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.


welcome back. that is bearish bullish as hell.

edit: bullish


Title: Re: Bitcoin - Broken trend line
Post by: traderCJ on January 14, 2014, 07:47:52 PM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

Looks like proudhon is all in and is trolling the bears now, heh.  When he switches back to fiat, he'll revert back to trolling the bulls.  Yawn.  Got anything productive to add, proudhon?


Title: Re: Bitcoin - Broken trend line
Post by: fr33d0miz3r on January 14, 2014, 08:00:21 PM
Looks like proudhon is all in and is trolling the bears now, heh.

I don't think so.


Title: Re: Bitcoin - Broken trend line
Post by: esse83 on January 14, 2014, 08:09:12 PM
Trend line at Huobi is not broken btw.


Title: Re: Bitcoin - Broken trend line
Post by: kepak on January 14, 2014, 08:44:44 PM
Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.


Title: Re: Bitcoin - Broken trend line
Post by: notme on January 14, 2014, 08:52:47 PM
Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.

Huobi represents more than 70% of the actual volume. It does matter a lot.

http://bitcoinity.org/markets/list?currency=ALL&span=24h

And how many fee free exchanges is it competing with?


Title: Re: Bitcoin - Broken trend line
Post by: kepak on January 14, 2014, 08:55:34 PM
Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.

Huobi represents more than 70% of the actual volume. It does matter a lot.

http://bitcoinity.org/markets/list?currency=ALL&span=24h

And how many fee free exchanges is it competing with?

That. It's mostly high frequency trading back and forth. Moreover, with the position of China government, they will probably have to close very soon.


Title: Re: Bitcoin - Broken trend line
Post by: jubalix on January 15, 2014, 06:11:03 AM
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

your hodling a serious amount of coin aren't you


Title: Re: Bitcoin - Broken trend line
Post by: fr33d0miz3r on January 15, 2014, 06:13:13 AM
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/ (https://www.tradingview.com/v/4MLyL12u/)



possible


Title: Re: Bitcoin - Broken trend line
Post by: Tisko on January 15, 2014, 07:19:43 AM
This thread is sad.
1) Proudhon so-called trolling is miles away from being slightly funny.
2) Just drawing a randomly-selected linear line under random fluctuations and trying to make something prophetic out of it is neither practical nor funny either.


Title: Re: Bitcoin - Broken trend line
Post by: fr33d0miz3r on January 15, 2014, 01:16:52 PM
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/ (https://www.tradingview.com/v/4MLyL12u/)



And this trendline on weekly chart is already broken.

https://www.tradingview.com/x/kONGi2ty/


Title: Re: Bitcoin - Broken trend line
Post by: Lusitanian Trader on January 15, 2014, 07:34:55 PM
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/ (https://www.tradingview.com/v/4MLyL12u/)



And this trendline on weekly chart is already broken.

https://www.tradingview.com/x/kONGi2ty/



Here you see the best graphic -  http://bullandbearmarkets.blogspot.pt/2014/01/blog-post_15.html


Title: Re: Bitcoin - Broken trend line
Post by: Wilhelm on January 15, 2014, 08:52:06 PM
I'd like to see all this shitty anal-isis on a logarithmic chart .....


Title: Re: Bitcoin - Broken trend line
Post by: fr33d0miz3r on January 15, 2014, 08:54:01 PM
I'd like to see all this shitty anal-isis on a logarithmic chart .....

My latest chart is logarithmic.


Title: Re: Bitcoin - Broken trend line
Post by: ElectricMucus on January 15, 2014, 10:53:47 PM
1) Proudhon so-called trolling is miles away from being slightly funny.

Being the one trolled isn't supposed to be funny, you're the subject of funny.


Title: Re: Bitcoin - Broken trend line
Post by: segeln on January 16, 2014, 03:45:36 PM
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/ (https://www.tradingview.com/v/4MLyL12u/)



And this trendline on weekly chart is already broken.

https://www.tradingview.com/x/kONGi2ty/

too much short-sighted .
It is a secondary trend within the Primary bullish trend.
The bullish Primary trend will continue.
Don`t trade against the trend !


Title: Re: Bitcoin - Broken trend line
Post by: Kreigyr on January 16, 2014, 03:57:26 PM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!


Title: Re: Bitcoin - Broken trend line
Post by: proudhon on January 16, 2014, 04:49:34 PM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Sure they do.  Just Google around and you can fine plenty of confirmed technical analysis about bitcoin.  Having said that, confirmed bad news, especially foreign language news, especially in non-western languages, is the best means of seeing where the price will go.  Given all the recent confirmed bad news, all confirmed by good sources, and much of which is in Chinese, the predicted and proven trend is dramatically down.


Title: Re: Bitcoin - Broken trend line
Post by: seleme on January 16, 2014, 04:54:53 PM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect :D

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.


Title: Re: Bitcoin - Broken trend line
Post by: segeln on January 16, 2014, 05:14:18 PM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect :D

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.
to put it more polite:
they are amateurs


Title: Re: Bitcoin - Broken trend line
Post by: Lusitanian Trader on January 16, 2014, 07:30:16 PM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect :D

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.


Title: Re: Bitcoin - Broken trend line
Post by: accord01 on January 16, 2014, 09:28:38 PM
enlightening yawn i agree tho


Title: Re: Bitcoin - Broken trend line
Post by: x0rcist on January 16, 2014, 11:49:54 PM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect :D

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.

Isn't this called day trading?  :-X


Title: Re: Bitcoin - Broken trend line
Post by: Lusitanian Trader on January 17, 2014, 12:09:03 AM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect :D

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.

Isn't this called day trading?  :-X

It may also be to position trade 


Title: Re: Bitcoin - Broken trend line
Post by: x0rcist on January 17, 2014, 12:29:14 AM
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect :D

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.

Isn't this called day trading?  :-X

It may also be to position trade 

Or fiat time