They are the same! The bull and the bear pendent /flag. The only difference is the direction they started from. For example all the bearish pendents / flags come at the end of a down trend, and all Bullish pendents / flags form at the end of an uptrend.
look at all the examples and look where the price line started.
OK... Thanks. I did NOT catch that starting point of the graphs, the first time around. So we can take a snap-shot of the price performance at any given time and say this is the BTC price direction probabilities that seems most likely based on this particular pattern, and so it seems that we are overall in a downtrend, a tht emoment, especially if we look at various periods of time since early December 2013. Actually, we could randomly pick any large variety of time periods between early December 2013 and present and we will likely conclude that we are in a downtrend and thus bearish. However, as soon as we pick any point in time prior to mid-November 2013, then it appears that we are going to have to conclude that we are in an uptrend, no? Yes, I do understand and accept the concept for the short-term analysis, but it would be very difficult to escape contrasting that shorter-term analysis with longer-term analysis in order to have a more complete picture of projecting both the short-term and the long term probabilities of BTC prices. No? |
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Ivanhoe, are u implying it's impossible for a youngster(15-20) to realize the value in bitcoin?
Or just that it is more unlikely then a 35 year old?
Not impossible, but just more unlikely  I think youngsters probably are less likely to want bitcoin for "store of value" or "safe from confiscation" etc. , but are more likely to start using it as a currency once there are enough places to use it (for example poker sites etc.). They also may like the technological aspects, the potential control without a bank and the hip factor of the latest and greatest They should want it for a bunch of reasons, but they don't- at least not yet. Stupid kids. Clearly there's a problem with them and not us, right? They are what they are. They are NOT going to buy into BTC until their friends buy in, so this could take a little bit of time.. but also shows a considerable upside potential for BTC. The only thing that makes me feel dumber than selling a bitcoin at $456 is trying to sell one and being unable to. I want some money! This isn't some intimidating sell wall, it's one goddamn coin. Do you guys realize how pathetic we must look from the outside?
NOBODY is going to buy your BTC at $456 if and when the market rate for BTC is $453.. That fact does NOT look pathetic. Rather to me, it looks like the temporary condition of BTC - a lack of volatility for the moment. |
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Short-term looks bullish to me.
bid It's not bullish or bearish. It's consolidation. You're seeing the oscillations get smaller and smaller as the amplitude of the swings decrease as the bots skim the market maker spread. It's gonna flatline before or unless some new development upsets the equilibrium. Denial. Its a bull penant. Igorr showed us. I have no idea which way it will go. But it can't be a bull pendent, as a bull pendent can only be formed at the end of a strong up trend. You must be thinking of a bear flag.  I appreciate seeing these instructive charts, yet one thing is that they do NOT seem to have predictive value, until after the price has gone one direction or another, then you will describe what it "was" that was being observed. In other words, whether it is a bear or a bull, they look the same, until the break out takes place. |
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Ivanhoe, are u implying it's impossible for a youngster(15-20) to realize the value in bitcoin?
Or just that it is more unlikely then a 35 year old?
Not impossible, but just more unlikely I think youngsters probably are less likely to want bitcoin for "store of value" or "safe from confiscation" etc. , but are more likely to start using it as a currency once there are enough places to use it (for example poker sites etc.). They also may like the technological aspects, the potential control without a bank and the hip factor of the latest and greatest |
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I will not buy that shit anymore. Totally useless crap those cryprocurrency are
until i can pay with BTC for my Pizza, in grocery store of for other daily life services, i would prefer real money.
See you at $100,000+, then. b/c the price per BTC may be well over $100k before all your wishes are satisfied... No problem.. I will sell you some of my BTC when you feel that you can use them better at any tom, dick or harry's shop. I may even give you a 5% discount at such point, if I am feeling particularly charitable towards the BTC poor. |
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posting this for the sake of argument 2013 bottom  now  Looking at the volume of those two charts, why do posters in here keep telling us that we can't have a bottom without a huge increase in volume? Im not seeing a particularly large amount of volume around the 2013 bottom either or certainly not masses more than there is at the moment especially if you take $400 as the bottom from post gox shut down and this is just a China lead leg down. Another question of difference from 2013 to 2014 could be regarding which exchanges are driving the price - so if there is a change in which exchange(s) are driving the price then that change may reflect differently in the different time periods. |
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Huobi bears woke up to dump
There was a shortage of red candles at the shop. New supplies arrived in the morning and revived the bears' hopes... But some of them will have to be left in the dark. I am about ready to go to sleep.. how low should I set my buys on BTC e? maybe $423? We cannot really expect to go much lower than that, no? Sorry if that was a question to me I read it too late. The red candles have run out again. I wrote "some of them (the bears) will have to be left in the dark" and that's what I meant. Please take my words as seriously as you would take trading advice from some random dude on a forum. My question was for anyone who would have been willing to make some kind of potentially reasonable assertion that may affect my thinking. I also made some posts in the BTC e troll box at around that time, just to see if anyone had anything potentially meaningful that may have affected my current thinking. I had quoted you specifically b/c you had recently posted, and it seemed that everyone else around that same time was quoting that troll guy..... um um um .. what's his face? Anyhow, it appears we made it through my sleepy-sleep time without any radical price movement.. and maybe we are just going to stay quasi-flat-lined until late Sunday-ish? |
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Huobi bears woke up to dump
There was a shortage of red candles at the shop. New supplies arrived in the morning and revived the bears' hopes... But some of them will have to be left in the dark. I am about ready to go to sleep.. how low should I set my buys on BTC e? maybe $423? We cannot really expect to go much lower than that, no? staggering em buying more as it goes lower towards your chosen bottom I'd use something lower than the last ATL the only news that dumps us back there is like a main Chinese exchanges losing bank privileges. I do generally stagger... yet, I am quite skeptical even whether $423 is probable in the next 10 hours... .. but maybe if we were gonna have a quasi-choo choo, the earliest that it would depart would be around Sunday evening? don't usuallly get upswings on Saturdays or sunday mornings.... never say never///  |
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Huobi bears woke up to dump
There was a shortage of red candles at the shop. New supplies arrived in the morning and revived the bears' hopes... But some of them will have to be left in the dark. I am about ready to go to sleep.. how low should I set my buys on BTC e? maybe $423? We cannot really expect to go much lower than that, no? |
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I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me.  Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long. I am a seasoned trader and I don't need confirmation  I've just seen your profile, if you really are only a 21 year old Kiwi then trust me - you are not a seasoned trader, nor an expert in anything, especially not human psychology as you claim. I mention Kiwi because, while I love Auckland but prefer Wellington, your country is somewhat isolated and your values and attitudes somewhat different from those in say NY or London. But your age would explain your urge for validation here. Sounds more like a message that should have been sent privately, rather than publicly.. Nanobrain... What's the point of criticizing Chestnut publicly... .. or to suggest that you do NOT agree with Nor appreciate his contributions..? |
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I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me. Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long. I am a seasoned trader and I dont need confirmation CONFIRMED! |
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So, I'm noticing a pattern here.
Blip of volume = great excitement, talk of trains, rockets and 'da moon'
BTC rises $10 to $20
Everyone here proclaims "this is it" and "confirmed"
BTC sinks back $10 to $20
Everyone here conveniently forgets what has happened and blames Chinese/Russians/IRS/bears/aliens/JorgeStolfi until next blip.
This sounds as much fun as watching rugby.
 I hear you. we are joking around. but there is some genuine excitement among the seasoned traders at the moment. this is one of the best signals in months. Since I am taking this so genuine excitement so seriously... I just bought .65 BTC for shits and giggles and to boost off the rocket-cat, a little bit. |
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Have a good weekend... maybe see you monday or maybe in a few weeks.. good luck with your investigation into alts, also . Chill off. You will be just wasting time and energy if you put forth your argument while being emotional. Instead, you should be calm and argue based on logic and intellect. Ignore those who try to provoke you. Emotional? Wrong word? I have more of an irresistible urge to write long sentences.. .. but who is really and truly capable of self-diagnosis? |
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Huobi overtaking stamp
Surely seems like a weird time for either a train or a rocket to be taking off... But I am 98% on board... so only about 2% of me will be left behind... .. that is if we are truly departing? |
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Have a good weekend... maybe see you monday or maybe in a few weeks.. good luck with your investigation into alts, also . Chill off. You will be just wasting time and energy if you put forth your argument while being emotional. Instead, you should be calm and argue based on logic and intellect. Ignore those who try to provoke you. Emotional? |
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Dudes, no offence and all.. but... could you just for one day.. maybe confess just to yourself.. that drawing these little lines on these littles graphs is just a method to justify your gambling problems? I dont think you understand our objectives. any old pumpkin head can see bitcoin is a good risk investment. but if you want to pay double the fair price...... go ahead! TA is risk management no more. DONT come to a speculation forum and make fun of the TA. nah, dude, bitcoin is currently an high rish, low reward investment alts are interesting though I'm not making fun of you guys.. just try to relax.. you are so serious about subjects that shouldn't be taken serious at all Yes, pumpkin... some of us have already figured out NOT to take you seriously.. b/c you are posting mostly crap.. so far.. whether that makes us want to join in on your making fun of us, I doubt it. Few people like to laugh when they are being poked at. Dude, if you get this emotional about money, then you really shouldn't be involved with crypto gambling. Just take a deep breath and think on what would MacGyver do. I've had too much vodka today, so much sleep and plenty of r&r needed for the whole weekend. Take care, and never forget to stop and smell the roses! Have a good weekend... maybe see you monday or maybe in a few weeks.. good luck with your investigation into alts, also . |
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If I had to guess, then I would guess that you bought from the top and that is the reason why you are so nervous at the moment..
Im holding from $100 average. never bought above 600. Im really not nervous at all. but perhaps a little irritable..... tell us more. Name: chessnut Posts: 1113 Activity: 98 Position: Member Date Registered: January 14, 2014, 05:28:31 AM Whoa..that's more than 14 posts a day....that explains why a lot of pages are just him and @JJG swapping predictions that don't happen. Shroomskit used to keep these types in order but he seems quite sad from what I can tell...his obsession with sheep seems to have become quite an issue. @Aminorex - so the casual sexism still prevails - I don't think BobbySue could handle a period really, he seems to squeal pretty easy. We have already figured out that largely Shroomskit does NOT know what the fuck he is talking about, half the time, so probably, it would NOT be good to getting counsel from him... But to each his own.. and some guys may appreciate his style... if that's what it is called? |
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O.K. Maybe I overstated the case, but why do you need to resort to name calling? I'm just making an observation, and surely I could be wrong in my observation and noticing your seemingly extreme statements to push one way and then to push another way...... .. I am NOT engaging in such observation about your seeming to switch your position to undermine you or to bad mouth you... it just seems to be lacking some objective analysis... especially when you are saying let's all do this in order to save BTC from a downward spiral.. it just seems to be much too much to be trying to persuade people to act in concert, when it may NOT be a good idea for them... .. and it may NOT even seem to be a convincing logical choice to "save" bitcoin...
Bitcoin doesn't need saving and it would be incredible hubris for to think I was even capable of doing so anyway. I was trying to only save the people reading this thread some money, and I resent you questioning my motives. You should know me better by now. I'm not some noob troll. Doesn't mean I'm not wrong. All that people were saying about relative market caps is true. I just want people to understand the risks involved. I could just be the case that I am a little bit irritable, especially when I felt that I was getting chastised yesterday (and I think that you were part of that) and some pressure being made to sell at $418 or whatever the price was at that time... It is irritating communicating about those kinds of things, sometimes... when I have already decided that I was NOT going to sell at that point. |
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Dudes, no offence and all.. but... could you just for one day.. maybe confess just to yourself.. that drawing these little lines on these littles graphs is just a method to justify your gambling problems? I dont think you understand our objectives. any old pumpkin head can see bitcoin is a good risk investment. but if you want to pay double the fair price...... go ahead! TA is risk management no more. DONT come to a speculation forum and make fun of the TA. nah, dude, bitcoin is currently an high rish, low reward investment alts are interesting though I'm not making fun of you guys.. just try to relax.. you are so serious about subjects that shouldn't be taken serious at all Yes, pumpkin... some of us have already figured out NOT to take you seriously.. b/c you are posting mostly crap.. so far.. whether that makes us want to join in on your making fun of us, I doubt it. Few people like to laugh when they are being poked at. |
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Yes, I'm clearly bonkers.
When you were an überbull, you were outspoken, brash, opinionated, politically incorrect in a charmingly egotistical way. As bear, you're positively pre-menstrual. Maybe he lost his private keys to his bitcointalk password.. and his account has been taken over by an alien? |
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