Bitcoin Forum

That's how it looks today.

http://bitcoincharts.com/charts/chart.png?width=1267&m=mtgoxUSD&k=&r=90&i=&c=1&s=2011-10-12&e=2011-11-01&Prev=&Next=&v=1&cv=0&ps=0&l=0&p=0&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&SubmitButton=Draw&

looks strangely familiar to this one...
http://bitcoincharts.com/charts/chart.png?width=1267&m=mtgoxUSD&k=&r=90&i=&c=1&s=2011-09-12&e=2011-10-01&Prev=&Next=&v=1&cv=0&ps=0&l=0&p=0&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&SubmitButton=Draw&

No it doesn't.

The timeframes are the same, the duration of the sell-offs and rallys slightly off.


The only real difference is the longer, stronger sell-off which resulted in a more stable rally. The end result seems to be the same.

There are only so many ways the rate can fluctuate within a particular range.

Yeah, but what else can we do to estimate what the future rate will be based on something that happened and see if it could explain what's happening today?
I see no other option as drawing straight lines obviously doesn't work.

7 days if you have an EBT card  ;)

Me too....

It always seems to be going up or down at a diagonal going left to right.....and it does it alot!

Hmmmmm.....I think I've found the basis of my new uppy downy theory, will fit nicely with my knifey spoony game theory.

Srsly do you really think the rally trend channel isn't yet been broken out of?

The more critical trendline is the long term uptrend line which currently runs around 4 $ (EDIT: it is already getting closer to 4.5 - 5.0 $ since the trendline is rising). This one needs to be broken from the underside now before BTCUSD can see further upside.

How much does the lower trendline of the longterm up-channel increase by per day?  I mean, it seems pretty obvious to me that there's really no good chance of regaining that channel again, but certainly after a few more weeks, if that channel is not regained, it will be practically impossible.

I think long term the fundamentals are very important, and they are, quite frankly different now.

The various scams & scandals have severely weakened bitcoin and it has to recover from these wounds. You could argue that this has no effect on the practical use of bitcoin, but the public cares about these things very much.

I am waiting for the first major business to report a growth rate in bitcoin sales, then I'll become bullish again :)

meanwhile the price rises slowly w/o you.

I don't really care about that. If someone wants bitcoins more than me he can have them I can always profit from volatility.
Of course just holding them would be way cooler, and I think the time will come again where this isn't that risky but for me that time hasn't come yet.

So thanks for taking the risk for me :)

So you are basicly saying that it needs to go a little higher before it can go a lot higher.
Genius!

They are both white with red and green rectangles going up and down and black lettering...

I agree. Quite similar.

Sarcasm is to easy to be useful - I've read that somewhere, like it?

you don't enter markets when there is low risk, you enter when there is opportunity for reward.

I told you I'm fine. Stop trying to convince me of your opinion, I have my own, thanks again...

Delusion: a false belief held with absolute conviction despite superior evidence.

Not saying you're deluded, just felt that definition might be relevant here.
You should be open to the opinion of others rather than shooting down everything contrary to your own beliefs.

You wanna have superior evidence?

Blow up the BTC/USD graph for the last year and put an RSI -per day indicator under it.
Then switch to per week and watch what happens.

there are larger forces at work.  i  warned you all last nite about todays ramp in stocks which will result in a secondary ramp in Bitcoin. 

todays FOMC meeting will tell alot where we're headed the next few months and i think its UP.

So, how does this RSI indicator work?
What does it say and what does that mean?

don't bother.

http://oi42.tinypic.com/4i0vaq.jpg

http://oi44.tinypic.com/10i7zm9.jpg

Be warned!

It measures the strength of the stock relative to the given time index.  Traders use it to determine if a stock could be oversold or overbought, under normal conditions the graph should stay between the lines most of the time. Hence the name Relative strength index.

But I am honest to admit that I don't know that much about it, maybe cypherdoc knows more  :P

you can't be serious.  thats your analysis?

http://img408.imageshack.us/img408/530/howtotrollc.th.jpg (http://imageshack.us/photo/my-images/408/howtotrollc.jpg/)

Actually, from the looks of it, there's more green now than in July!

BUY!

What is going on in this thread? I'm at a loss for words.

It's called boredom or alcohol

Wait, I'm starting to see a pattern here....

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