“There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee...that says, fool me once, shame on...shame on you. Fool me...you can't get fooled again.”  what a sage |
|
|
|
Seeing that the order book seems to be converging on my support resistance chart I am going to stop feeding information into the market altogether... For now.
Sorry guys, it's for science.
lol i noticed that but didn't say anything because i rely on your analysis so much  |
|
|
|
i still see only about 30k real ask orders we just witnessed the first leg of the great bitcoin comeback. we will far overshoot 7.20 on the next leg up... are you ready? High: 5.99... feels like we're about to go over.
Walls might come down soon, and we'll be in the biggest Bitcoin rally ever.
way ahead of you on that one |
|
|
|
It's all fine until that one guy decides that it is time to realize profits.
nobody is dumb enough to do that right before it rallies back to $7.xx |
|
|
|
|
do you think people want to read that? if you really think technical analysis is full of shit we ought to have a civil conversation about it.
|
|
|
|
oh, and here are some 'shits':  you can clearly see the full oscillation made since the last extreme "overbought" incident, which, ironically, was immediately before i made that prediction. hopefully the rocket's fully re-fueled this time around. |
|
|
|
prediction: next leg up will break the resistance at $6.20.
im still waiting... but i can feel it  even inau agrees with me now. don't miss the blastoff... |
|
|
|
+1,000,000,000 made me lololol |
|
|
|
BUY, YOU FOOLS I can't for another 24 hrs! then you missed the secret rocket... |
|
|
|
|
so you're short and fully leveraged?
|
|
|
|
How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.
no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP. His predictions are shit, but no poop has been posted. This allows him to make shit up as he goes along. dude i don't want to clutter the forum with bulky graphs the data is available to everyone at bitcoincharts.com look at the ACCUMULATION/DISTRIBUTION LINE from december till now. just because you can't be bothered to do anything but litter your posts with words referring to excrement doesn't mean i haven't made a real prediction. If your relying on 1 (positive) indicator you may be in for a surprise. I can take any number of other indicators for the same period (eg money flow index, william%r, slow stoch, chaikin money flow) that suggest the contrary to this indicator. i don't rely on just one indicator... the analysis i post on this forum is obviously not an exhaustive one. it would be too much work and also i don't like to give you guys TOO much information... that said, the indicators you mentioned are oscillators, which i know tell their own story. the acc/dist line and other similar indicators, like i said in the post, which are largely price/volume transformations (PVT to mention another one), are quite bullish. |
|
|
|
How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.
no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP. His predictions are shit, but no poop has been posted. This allows him to make shit up as he goes along. dude i don't want to clutter the forum with bulky graphs the data is available to everyone at bitcoincharts.com look at the ACCUMULATION/DISTRIBUTION LINE from december till now. just because you can't be bothered to do anything but litter your posts with words referring to excrement doesn't mean i haven't made a real prediction. |
|
|
|
|
it's ironic that my initial prediction for the low ($5.50) did correctly identify the next level of support after said bounce.
|
|
|
|
soon, this thread will be vindicated. i hope everyone is ready for the Great Bitcoin Comeback of 2012 |
|
|
|
How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.
no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP. |
|
|
|
|
that was the bursting of a bubble. i think the market (and especially the price) is a lot healthier now.
|
|
|
|
While it's undoubtedly usefull the way in which analysis of charts has often been used here is somewhat arbitary at best and dangerous at worst, Eliot waves, guessing at trend lines where hundreds of lines could apply in some way, triangles, (to some extent wedges) etc... The entrails comment is a valid one.
i can agree that none of the above methods have much more validity than entrails. |
|
|
|
i'm starting to smell panic around here...  |
|
|
|
Chart analysis = pattern analysis = reading goat entrails = consulting the Oracle at Delphi  'chart analysis' is just looking at price and volume data presented in graphical form. do you ever glance at the price at bitcoincharts or mtgoxlive? do you use the information you thusly glean to inform your trades? congratulations! you are an analyst. now stop bitching. |
|
|
|
ITT:  |
|
|
|
|
Show Posts
