Bitcoin Forum

I've been expecting this since June/July 2014 but it took a bit longer than I thought. Perhaps the ongoing parabolic rise also lasts a bit longer than everyone expects? :D Anyway, this is massively bullish indicator but first we need a couple of more dots on the chart confirming it. As always, the next few weeks are critical.

I have drawn some imaginary pSar indicator dots to the below chart to visualize the future prices.
http://s8.postimg.org/na539cg7p/BTC_p_Sar.png

Not on Tradingview charts yet.

Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.

You think we'll go below 400 ever again?

Below 400 as in something like 390, maybe 380: possible. A really painful drop, say, low 300s: I have no idea (no tradeable idea, at least). Ask the EW guys, they like to answer stuff like that :D

In very vague terms, I can see the following scenarios: we are leaving the "local" (i.e. July/August to now) bear market, without revisiting where we started (sub-400), or we can leave it, but see one more serious dip (possibly all the way to 300). Or, of course, we could also fail to leave it and make a new low before getting to, say, 500 even - but that possibility I consider rather unlikely as of today. Plus, the first two scenarios above each combine with the outcome of the "global" bear market (since December 2013): either the long-term trend is indeed up from now on (until it reaches a new ATH), or the rally goes on for a while, but turns sour before a new ATH (e.g. the June/July picture).

Thanks! :)

Man, this combined with Luc's Historical 3 possibility is better than any drug I can think of at this point  ;D

What does Weekly Parabolic SAR mean in layman's terms?

Also Bitfinex's Weekly Parabolic SAR just flipped the side:

https://i.imgur.com/MrXfsOX.png

looking good.

Looking at the RSI is extremely reverse diverged and it's very bullish signal since it maybe make higher highs. lol  :D  ;D

Boy, what a throwback to Summer last year when you wrote something just like this... I'm not complaining! ;D

Nice observation!!

Very interesting, Hyena.

I have linked this thread, and quoted your OP, in the rpietila Wall Observer - the Quality TA Thread (https://bitcointalk.org/index.php?topic=400235.5860).

Exactly! :D Good to see that someone remembers it: https://bitcointalk.org/index.php?topic=253856.0
https://ip.bitcointalk.org/?u=http%3A%2F%2Fs14.postimg.org%2F4awyfmarl%2Fchart.png&t=546&c=Y9DI6ZILWQVBMw

Yes.

I am often asking myself what is wrong with most of people - are they stupid or they have just short memory. But I don't want to change them. I want their money :)

This is exciting  :)

Looking at EMA 9 and EMA 20 it also shows a positive trend.
I've entered a long position hoping on getting in before the major rise  8)

You are not alone.  8)

That's often the same thing: lack of vision, both into the future, and into the past. Much of human intelligence is the ability to predict, and logically use information about the past to project the future. Other animals live in the moment, mentally extending only very minimally into either the past or future. Some humans are like that too.

We got the second dot...

http://s30.postimg.org/5vfxwfuld/chart_png_width_940_m_bitstamp_USD_Submit_Button_D.png

+1

Why is my SAR broken ?

https://i.imgur.com/xlVAr8S.jpg

Because bitcoincharts is missing almost 1 month of data.
https://i.imgur.com/2yCG22w.png

shooting star!  ;D

Could anyone tell me what caused the pump last year? Was there any good news that time or someone just decided to pump?
I wasn't here when that happened  ;D

We can only speculate

The most common theories are, for the 266 april 2013 bubble, that cyprus entered the market and the most common theory for the pump last year is the willy bot and chinese entering

So, no news after the SR crash on oct.? Just willy silently pumping the price and traders panic buying?

precisely

I can't believe it went up that high without anyone knowing what's causing it ;D

No, Willy was not a major reason. This is like the 40000th time I've seen this theory. It was the Chinese.

That's why it's called the honeybadger ;)

What about this? http://www.zerohedge.com/node/488930

Welcome to bitcoin :)

https://i.imgur.com/ohMr5QH.png

Parabolic SAR with just 0.01 step

Bullish market coming  ;D

Interesting read. So if the Chinese were not responsible for that bubble then their People's bank overreacted and tried to solve a problem that didn't exist in the first place :D which means they should unban bitcoin now?

Did you confirm strength with ADX?

And a third dot. If we're about to see a new bubble any time soon then those dots should soon start to pop exponentially higher and higher. If we go sideways this week and perhaps next week then we might not see a large scale rally just yet.

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=&i=Weekly&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=1&l=1&p=0&

It looks that we will not go sideways this week. So only option which is still possible is RALLY.

you know what that means right?? we are moon bound peoples. so strap up tight and hodl

No moon. Only down to 360s again....

Really? I'll buy your coins for 360 right now!

No, I'll wait to sell them in 2 weeks at 1000000x the price.......

Ah, you just pull the numbers out of your arse!

Isn't it time for you to create another shit thread? It's been a while.

...

Are we still flipped or are we upside down? 

Did the flip flop?

We'd have to go below 300 for pSar to flop :P

This flip is specific to Bitstamp, but China leads the market. Since OKcoin data is missing for the last 8 days
from bitcoincharts, I can only see BTCChina which probably follows OKcoin, and PSAR didn't flip there.
Even if it would flip, it wouldn't mean what the OP implied, that a mania phase of the bubble is near.
For that, considering that the market moves about 4x slower than in 2013 (when Markus and Willy faked it),
we need 4w PSAR to flip (which is not available on bitcoincharts), in order to confirm an upcoming parabolic rise.

http://bitcoincharts.com/charts/chart.png?width=940&m=btcnCNY&SubmitButton=Draw&r=360&i=Weekly&c=1&s=2013-11-20&e=2014-12-30&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=1&l=0&p=0&

This is critical :D the pSar is about to flip again. This whole topic might turn out to be a premature ejaculation and the bear market could continue. As always, the next weeks are absolutely critical to the BTC/USD!
http://s13.postimg.org/9vaa04irb/psar.png

Can we get over this whole "Mt. Gox faked the 2013 bubble" already? Every bubble in bitcoin wasn't due to a bot. And the last three bubbles follow a very similar pattern