|
koryu,
good observation.
if you add the bottom trendline, it's a descending wedge. they terminate upwards.
in EW analysis it's call a fifth wave diagonal. (and we have had five waves catalysed by news)
|
|
|
|
|
does a rally case the macd to signal, or does the signal cause the price to rally?
chicken or the egg?
leading indicators FTW!
|
|
|
|
 well hopefully this is a real breakout. after all. Huobi is pretty bullish. |
|
|
|
when people start getting bullish, better keep an eye on the 4 hour chart. we have a little wave up on average volume. reversal not confirmed yet. but i would still be surprise to see lower 400.   I bet before some nutter bet 10BTC that it would. good odds. (I bet that it wouldnt) |
|
|
|
|
Somebody call Fonzie QUICK!! we bout to break out!
|
|
|
|
Bitcoin will never rise again.
I bet you 100 Bitcoins that it will |
|
|
|
|
ok bitcoin, now's your chance. go go go! fly!
|
|
|
|
 wedge consolidation. this may play out over a long time, and I would expect it to break upwards without breaching 430. |
|
|
|
|
.... well if it's this bullish and afternoon in china, just think of how bullish it will be in 4 hours.
|
|
|
|
420 will be tested within 12hrs. It might be briefly breached but 420 is very strong resistance and will HODL!
Brace yourselves!
Looking at huobi it seems like 420 might not even be tested (bitstamp) |
|
|
|
No doubt about it, if you are shorting the fundamentals, you are trapping vulnerable people. Shorters are deliberately making it costly for the unfairly regulated chinese to exit the market.
Are we supposed to hold the hand of the Chinese and remove all risk. Do you know what happens when you remove all risk? Then there is no valuation convergence on truth. And everyone starves to death. That experiment has been tried, it is called Communism. I seem to regularly piss off socialist lunatics as Gandhi did. red herring. you sold high because you saw that china man coming to market. you are not providing any service to him that the person you sold to could not have done better. |
|
|
|
This is why you dont sell lower than buy price.
not sure what you mean by that? |
|
|
|
Simplicity is for simpleton surrogates who are easily manipulated by Risto's incorrect summaries.
BS again. It is just good manners and a show of understanding to summarise your arguments concisely. simplicity is always a desirable quality, though some dont have the skill to make simplicity. Dont take me for a beggar of advise either. I am here to discuss, not to be told. |
|
|
|
All bears will turn into bulls when their price is available. Likewise all bulls will become bears when their price is available (unless they burn their private keys).
True to some extent, for those that have a price target. ....but unfortunately, for most bears here, their price target is becoming more delusional by the day. |
|
|
|
I know you want to shut me up because I have pointed out Bitcoin's weaknesses and pointed out that environmentalism is a moral fraud.
TBH nobody has time to read all your articles. I havent been. at least Rpietila graces this thread with simplicity. just saying, cos that is BS. ^^ get over yourself. |
|
|
|
|
Reading some articles today.....
seems like for every exchange that shuts down in China, 2 new exchanges open in the west plus a few start ups.
sorry bears but you cant fight this forever.
the positive forces behind bitcoin outweigh every catastrophe bitcoin has ever seen 100:1
|
|
|
|
Bears frustrated for sure...the louder they are the more impatient they are getting...
$$ How did those bears go from long at 1200 to short at 400..... it's really quite amazing. |
|
|
|
|
every second post is Anonymint. and it's not on subject either. Maybe you should create you own thread or follow your own advise Anonymint.
|
|
|
|
|
Bitcoin is a speculative investment at present. it is attractive because if a large infrastructure was built around bitcoin, a LOT more capital would flow into it. The market would become very liquid, and the network effect would eventually push the value to astronomical levels. This is genuinely probable considering what the technology is capable of.
If this infrastrucure fails to develop, speculators will sell (we are talking billions). This crash would damage any infrastructure too severely for bitcoin to survive at any significant value. not to mention, the mining network would shut down, leaving the system vulnerale to attack.
|
|
|
|
I like this picture, because when the bull is dead, the fight is OVER. Bottoms up! |
|
|
|
|
Show Posts
