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Title: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: homo homini lupus on February 02, 2015, 06:26:04 PM Below the longterm trendline since 2012 on logarithmic view. This line has been broken with the panic in January http://oi59.tinypic.com/akd5hk.jpg Now we can see the price moved from exponential line to a linear one. Below you see the same graph with exactly the same lines once in logarithmic view and once in linear view. logarithmic view: http://oi62.tinypic.com/2vm7teb.jpg the log-view straight line was accurate before the January crash After that point the linear line became the accurate one linear view: http://oi59.tinypic.com/vrzqbr.jpg conclusion: Bitcoin fell off its projection for megalomania worlddomination and is now a shitcoin with delusions of grandeur trading linear instead of exponential. Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued. I would predict a continuated trading along the linear decending line. Bottom? Not so much ... Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Second-base on February 02, 2015, 06:29:49 PM Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: v0yager on February 02, 2015, 06:30:06 PM There is no everlasting bear market,hope you're right and we get out of the downtrend.
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: funtotry on February 02, 2015, 06:30:53 PM Enough of this slow downward trend... Getting very depressing. I'd rather have it jump around to 100 to 1000 then stay at ~250 and slowly fall down. So boring!
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: homo homini lupus on February 02, 2015, 06:31:28 PM There is no everlasting bear market,hope you're right and we get out of the downtrend. Well, i can show you several alts that have seen an 'everlasting bearmarket'. In crypto such a thing is certainly possible. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Dilla on February 02, 2015, 06:32:18 PM Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game.
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: homo homini lupus on February 02, 2015, 06:36:24 PM Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game. wallstreet is pipedreams. You notice correctly: it was a bubble Question: when in history did speculative bubbles repeat a second time on the same thing after collapsing? Never. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Dilla on February 02, 2015, 06:48:18 PM O rly?
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: inca on February 02, 2015, 06:54:09 PM Good luck with your short though I suspect you are a bit late old chap.
Posting a chart after the price has dropped 80% (as of today, though of course 87% at the recent capitulation low) and predicting the price will follow the same trajectory downwards is great. Let me know how that works out for you. I look forward to seeing you posting from the same account and with some updated charts in six months! :) Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: homo homini lupus on February 02, 2015, 06:58:01 PM Good luck with your short though I suspect you are a bit late old chap. Posting a chart after the price has dropped 80% (as of today, though of course 87% at the recent capitulation low) and predicting the price will follow the same trajectory downwards is great. Let me know how that works out for you. I look forward to seeing you posting from the same account and with some updated charts in six months! :) the words of a true die-hard baghodler ::) My short from 300$ are still open - so far i have no regret to have them opened. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: thms on February 02, 2015, 07:06:54 PM I stopped reading at "TA"...
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Hróðólfr on February 02, 2015, 07:13:22 PM why do you ignore the data before the bull ride to 1000?
I agree with the linear thing, if it up(you will agree with me if you use all time data) Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: homo homini lupus on February 02, 2015, 07:17:22 PM why do you ignore the data before the bull ride to 1000? I agree with the linear thing, if it up(you will agree with me if you use all time data) can you post a graphic for what you are talking about? Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Mellnik on February 02, 2015, 07:54:55 PM Nice arbitrary lines u have there.
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: the joint on February 02, 2015, 08:00:50 PM Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game. wallstreet is pipedreams. You notice correctly: it was a bubble Question: when in history did speculative bubbles repeat a second time on the same thing after collapsing? Never. Actually it's happened for a 2nd and 3rd time already with BTC. Did you know that this is not the largest crash in BTC's history? Actually, it's not even close (by a factor of ~4). Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: podyx on February 02, 2015, 08:08:32 PM Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: PoS on February 02, 2015, 08:11:46 PM op's TA has got a minor flaw, bitcoin is around a little longer than 2012
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: ParabellumLite on February 02, 2015, 08:14:22 PM op's TA has got a minor flaw, bitcoin is around a little longer than 2012 The logarithmic chart this guy posted has been circulating here for at least a year already, if not much longer. These charts always start around 2012. You're welcome. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: chesthing on February 02, 2015, 08:23:38 PM Those charts just prove that TA is a waste of time with btc.
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: homo homini lupus on February 02, 2015, 08:46:16 PM op's TA has got a minor flaw, bitcoin is around a little longer than 2012 probably didn't find anymore history. Where can i get tradehistory from before 2012? Oh, i see at MtGox ... oh shit, now it looks even worse! Nice arbitrary lines u have there. show me a line that is not 'arbitrary', dumbo Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Assad on February 02, 2015, 08:50:03 PM Those charts just prove that TA is a waste of time with btc. ta is not randomly draw lines like OP did. You could draw lines that would show the opposite if you wanted to Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: homo homini lupus on February 02, 2015, 08:51:31 PM Those charts just prove that TA is a waste of time with btc. ta is not randomly draw lines like OP did. You could draw lines that would show the opposite if you wanted to please do that. I am waiting for it. lmao Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 02, 2015, 09:38:46 PM Longer version of the log trend that failed. This shows MtGox and BTC-E on same chart with log price scale https://www.tradingview.com/x/a20VR0jN/ Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 02, 2015, 09:46:28 PM Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 02, 2015, 09:50:29 PM Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: shirkan on February 02, 2015, 10:00:04 PM Quote Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued. I would predict a continuated trading along the linear decending line. Bottom? Not so much ... awesome, you are exercising a technical chart analysis and mix it up with "fundamentals and basic assumptions". Never, ever compare a peach with an orange! :) Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: inca on February 02, 2015, 10:18:46 PM Quote Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued. I would predict a continuated trading along the linear decending line. Bottom? Not so much ... awesome, you are exercising a technical chart analysis and mix it up with "fundamentals and basic assumptions". Never, ever compare a peach with an orange! :) And in the same thread admits he is allegedly short from 300. The end of this bear market is going to surprise a lot of 'traders'..(but but but the line on the chart pointed down!!) Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: zimmah on February 02, 2015, 10:21:35 PM This one makes more sense, the only downside is it doesn't really predict much. As the price can be anywhere between 250 and 5000 in the next few weeks. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 02, 2015, 10:21:56 PM Based on this chart bitcoin looks like it is historically cheap, only being on that same trendline in the very earliest trading back in 2010!
:o Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: fonzie on February 02, 2015, 10:32:37 PM Based on this chart bitcoin looks like it is historically cheap, only being on that same trendline in the very earliest trading back in 2010! :o [img]https://www.tradingview.com/x/5wkkXTpJ/ Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: NotHatinJustTrollin on February 02, 2015, 10:34:12 PM Based on this chart bitcoin looks like it is historically cheap, only being on that same trendline in the very earliest trading back in 2010! :o [img]https://www.tradingview.com/x/5wkkXTpJ/ Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: NotHatinJustTrollin on February 02, 2015, 10:39:00 PM To OP: Yes breaking that trend line is pretty screwed up shit.
I got good TA too: https://pbs.twimg.com/media/B5EBW9VCMAA7u9W.jpg:large Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: v0yager on February 03, 2015, 07:15:34 AM There is no everlasting bear market,hope you're right and we get out of the downtrend. Well, i can show you several alts that have seen an 'everlasting bearmarket'. In crypto such a thing is certainly possible. Bitcoin is quite different from other alts, and as we all know, a lot of alts were born to scam or earning quick money. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 03, 2015, 11:19:11 AM Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! "Fonzie" is that the name of a muppet ? Sounds quite appropriate. Those lines aren't arbitrary btw, carefully plotted Heres another version specially for you. https://www.tradingview.com/x/1jiyDJSH/ I'm not saying it will all be unicorns and rainbows I'm just observing the market and adjusting my analysis as required. We are still in a downtrend primarily, realistacally we have to break out of that first. https://www.tradingview.com/x/CGhPslQZ/ I get fed up with haters of technical analysis coming to the speculation forums. Its a way of speculating!!!!! Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: altcoin hitler on February 03, 2015, 06:28:18 PM There are people who will still tell you 'it's going up and never went down' when we hit 10$ a coin.
Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: spazzdla on February 03, 2015, 08:23:52 PM Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game. wallstreet is pipedreams. You notice correctly: it was a bubble Question: when in history did speculative bubbles repeat a second time on the same thing after collapsing? Never. .. Silver? The Dow? Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: findftp on February 04, 2015, 04:29:07 PM Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! "Fonzie" is that the name of a muppet ? Sounds quite appropriate. Those lines aren't arbitrary btw, carefully plotted Heres another version specially for you. https://www.tradingview.com/x/1jiyDJSH/ Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom? Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Bit_Happy on February 04, 2015, 04:33:04 PM Below the longterm trendline since 2012 on logarithmic view. This line has been broken with the panic in January http://oi59.tinypic.com/akd5hk.jpg Now we can see the price moved from exponential line to a linear one. Below you see the same graph with exactly the same lines once in logarithmic view and once in linear view. logarithmic view: http://oi62.tinypic.com/2vm7teb.jpg the log-view straight line was accurate before the January crash After that point the linear line became the accurate one linear view: http://oi59.tinypic.com/vrzqbr.jpg conclusion: Bitcoin fell off its projection for megalomania worlddomination and is now a shitcoin with delusions of grandeur trading linear instead of exponential. Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued. I would predict a continuated trading along the linear decending line. Bottom? Not so much ... Once the next big up move starts, then the long-term trend line will be redrawn at a slightly different slope. Conclusion: TA is simply a tool, and strong fundamentals sometimes make it a worthless tool. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 04, 2015, 11:44:44 PM Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game. wallstreet is pipedreams. You notice correctly: it was a bubble Question: when in history did speculative bubbles repeat a second time on the same thing after collapsing? Never. .. Silver? The Dow? Bitcoin in 2011 ... Bitcoin in 2013/14 repeated bubble ... Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 04, 2015, 11:49:14 PM Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! "Fonzie" is that the name of a muppet ? Sounds quite appropriate. Those lines aren't arbitrary btw, carefully plotted Heres another version specially for you. https://www.tradingview.com/x/1jiyDJSH/ Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom? Like this ? https://www.tradingview.com/x/pO1DcQ9c/ Thats an interesting slope! Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: DieJohnny on February 05, 2015, 01:02:09 AM Seriously ask yourself if Bitcoin will ever trade at $10 again. That is a 130 million market cap....
It isn't going to happen. 1. Fatal flaw found, bitcoins stolen in mass 2. Total global government ban with prison time for some Other than that finding a million zealots to plunk down $130 on bitcoin is cake. Hell right now it only takes a million zealots to pluk down $3000 to make it work 3 billion, and if you remove the whales much, much less than that. Probably takes a million zealots only $1000 to support the current price. Next wave up will be so painful to watch unless you are accumulating. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: findftp on February 05, 2015, 08:50:02 AM Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! "Fonzie" is that the name of a muppet ? Sounds quite appropriate. Those lines aren't arbitrary btw, carefully plotted Heres another version specially for you. https://www.tradingview.com/x/1jiyDJSH/ Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom? Like this ? https://www.tradingview.com/x/pO1DcQ9c/ Thats an interesting slope! Yes, thank you very much. Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: fonzie on February 05, 2015, 08:52:24 AM Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org! "Fonzie" is that the name of a muppet ? Sounds quite appropriate. Those lines aren't arbitrary btw, carefully plotted Heres another version specially for you. https://www.tradingview.com/x/1jiyDJSH/ Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom? Like this ? https://www.tradingview.com/x/pO1DcQ9c/ Thats an interesting slope! Congratulations, you now have 5 trendlines that are based on another one with 2 arbitrary chosen points. Are you sure that you understand the concept of "drawing lines"?. Lol This almost looks like the graph of @igorr... At least he was funny. (each 1st in month new chart with lines) Can't wait to see it. Today is the day!Today is 1st Jun 2014 and time for new chart, seems blue zone is broken, but its just beginning, (not yet) http://img834.imageshack.us/img834/7126/vtmsd.jpg (http://img834.imageshack.us/i/vtmsd.jpg/)View Screen Capture (http://img834.imageshack.us/i/vtmsd.jpg/) Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: afbitcoins on February 05, 2015, 09:33:15 AM Thanks for the advice fonzie
https://upload.wikimedia.org/wikipedia/en/thumb/5/51/Fozzie_Bear.jpg/230px-Fozzie_Bear.jpg Title: Re: Bitcoin went out of exponential trend into linear downtrend [TA inside] Post by: Elwar on February 05, 2015, 09:34:13 AM Just as Bitcoin was above the linear trend line, it is below it now. Great time to be buying bitcoins.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi59.tinypic.com%2F2dtk4x.png&t=549&c=yDxhvefrsJOgdA |
