Bitcoin Forum

Economy => Speculation => Topic started by: Elwar on March 30, 2014, 07:34:43 AM



Title: When will this downward bubble pop?
Post by: Elwar on March 30, 2014, 07:34:43 AM
According to this chart https://www.tradingview.com/v/7YEmxS3K/ we moving far too quickly downward. A correction may push the price up prematurely.


Title: Re: When will this downward bubble pop?
Post by: T.Stuart on March 30, 2014, 07:37:07 AM
According to this chart https://www.tradingview.com/v/7YEmxS3K/ we moving far too quickly downward. A correction may push the price up prematurely.

The lower red line on that chart should be, well, lower shouldn't it? (It doesn't encompass the bottom of the candles while the top red line encompasses the top of the candles).


Title: Re: When will this downward bubble pop?
Post by: Sawadekub on March 30, 2014, 07:49:00 AM
just 1 good freaking news i am sure that week.. jump +200-400usd..

for eg amazon paypal and ebay.. hell yeah! its a property now.. its a property that will inc value next time.. why not buy them while they are cheap now? ^^
1 step closer to winklevoss ETF FUNDS hooray!!!!


Title: Re: When will this downward bubble pop?
Post by: spiderbrain on March 30, 2014, 09:56:28 AM
Thanks for that, looks great! It's all very glum around here at the moment.


Title: Re: When will this downward bubble pop?
Post by: arepo on March 30, 2014, 10:09:12 AM
According to this chart https://www.tradingview.com/v/7YEmxS3K/ we moving far too quickly downward. A correction may push the price up prematurely.

perhaps this rather small data set is not predictively extrapolatable :P

or maybe i'm just making up words now. who knoooooowss.

/sleep deprived arepo


Title: Re: When will this downward bubble pop?
Post by: jtsnau on March 30, 2014, 10:52:52 AM
If you connect the diagonal to the reverse-line downtrend, the indicators point to a neutral uplift. There's no other way it could be interpreted.

Having said that, pretty much all downflow parameters suggest a triangular recurrence sometime after the 341-day timeline. Probably a good buy/sell signal if that occurs.