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Title: growth spurts Post by: arepo on January 20, 2012, 07:38:19 AM recent spurts are making the price look reallly healthy. MFI clear positive trend and the accumulation/distribution line is outpacing the price.
...markets swing from overbought to oversold. the 200% increase could easily have been a correction from the HISTORIC, UNPRECEDENTED downward momentum of the falling-knife (panic-selling-induced) crash. perhaps this is a sign that the correction is over and $6-$7 is a 'healthy' price range for bitcoin. always think longer term. i'm a bull again. went all-in BTC. EDIT: month-scale trendline hasn't even yet been broken. also, the price is demonstrating some extreme resiliency. the Accum/Distrib line is equal right now as it was at the peak of the summer bubble, and the PVT is higher. perhaps everyone's back but much more mature? i expect strong growth this year. Title: Re: growth spurts Post by: notme on January 20, 2012, 07:39:24 AM recent spurts are making the price look reallly healthy. MFI clear positive trend and the accumulation/distribution line is outpacing the price. ...markets swing from overbought to oversold. the 200% increase could easily have been a correction from the HISTORIC, UNPRECEDENTED downward momentum of the falling-knife (panic-selling-induced) crash. perhaps this is a sign that the correction is over and $6-$7 is a 'healthy' price range for bitcoin. always think longer term. i'm a bull again. went all-in BTC. Good move. Title: Re: growth spurts Post by: Serge on January 20, 2012, 07:41:03 AM too bad charts don't predict the future
Title: Re: growth spurts Post by: notme on January 20, 2012, 07:44:15 AM too bad charts don't predict the future No, although chart psychology can do a good job at guessing. However, with BTC you always have to be prepared for a big splash in either direction. Title: Re: growth spurts Post by: Cluster2k on January 20, 2012, 08:47:19 AM too bad charts don't predict the future Charts are very valuable as a future predictor, as you know other people are running the same analyses and using the same funny names to describe unpredictable market psychology. You don't have to know what the market will do: you just have to know what the chartists will read into it and bet accordingly :D The one thing we don't know is when someone will decide to meelba the market. https://bitcointalk.org/index.php?topic=60135.0 Title: Re: growth spurts Post by: chsados on January 20, 2012, 08:48:33 AM too bad charts don't predict the future Charts are very valuable as a future predictor, as you know other people are running the same analyses and using the same funny names to describe unpredictable market psychology. You don't have to know what the market will do: you just have to know what the chartists will read into it and bet accordingly :D The one thing we don't know is when someone will decide to meelba the market. https://bitcointalk.org/index.php?topic=60135.0 i wonder if the word meelba will be the new zhoutonged 2.0? Title: Re: growth spurts Post by: bb113 on January 20, 2012, 09:22:56 AM At least I know noone will ever be able to name anything after my terrible mistakes.
Title: Re: growth spurts Post by: elux on January 20, 2012, 04:45:19 PM The one thing we don't know is when someone will decide to meelba the market. "Meelba" is henceforth a verb. ;D Title: Re: growth spurts Post by: Piper67 on January 20, 2012, 04:57:28 PM The one thing we don't know is when someone will decide to meelba the market. "Meelba" is henceforth a verb. ;D I propose "meelbated" :-) Title: Re: growth spurts Post by: teflone on January 20, 2012, 05:43:23 PM Melba toast(ed)
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