great rendering of the triangle that confirms my suspicions of an imminent correction/downward breakout.

I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then!

According to my classification of supernodes, roughly the following amounts of bitcoins, coupled with the actual abilities to use them profitably, entitle you to the supernode status:

0.0th class supernode = BTC1M
0.5th class supernode = BTC100,000
1.0st class supernode = BTC10,000
1.5th class supernode = BTC3,000
2.0nd class supernode = BTC1,000
2.5th class supernode = BTC300
3.0th class supernode = BTC100

Yes, I also think it is ridiculously cheap to be a supernode. But don't worry, it will become more expensive when the time is ripe. As I have been trying to say, in my view Bitcoin is insanely undervalued

lets say i sold all at 200
i want to buy at 40

the question is what if it never gets to 40 ?
what's my influence on the market ? i already sold i cant push the market down even more the only thing is buy
sentiment = bearish
action=only buy=bullish

I can't get my fiat into Gox fast enough.  I need to buy bad!  We have all seen the high's and there is no reason we can't touch them again and even shoot past.  It's a no-brainer to buy under $100 right now.

I blame the crazy amount of bank holidays this week and the frenzy of alt-coin mining going on for this amazing buy opportunity.

so all the  traders are wet for this  i hope you understand that there is no room for all   and most will have to panic buy

I just got my last buy order in.  Hoping this is the bottom of the downturn.  I think when the Bitcoin2013 happens on May 17-19, there will be some positive news which should spike BTC back into the $145 range pretty easily. Also guessing that the top could be around $195 at that time.  Feeling bullish lately. 

Here's a link to the Bitcoin2013 conference.
http://www.bitcoin2013.com/

 

Triangle still here. Almost completed.

no. this is ridiculous. i spend many, many hours doing analysis and i still don't get to say "okay price does this now".

"ripple price will drop". REALLY?

this is FUD, plain and simple, and it's spam more generally.

gtfo

yes, it was a wedge, that is, it did not exhibit lower highs and higher lows, but higher lows and higher highs.

since both of these patterns are associated with large volume breakouts, i tend to look at them as two manifestations of the same underlying behavior. the idea of the price function behaving like a dampened oscillator (sine function with decreasing amplitude), is associated with consolidation. forgive me for using the word 'triangle' too liberally.

haha great pic, i had a good laugh

as for the test, i realize that it was pretty unscientific of me to 'readjust' the breakout time after the first call -- what i ought to have done was provide error bars for the time in the first place -- which inspired me to measure triangles with more statistical rigor. geometric measurements clearly are not enough. what properties tend to lead to successful breakouts? what properties tend to lead to unsuccessful breakouts? and what properties lead to no breakouts at all, and are simply other patterns or just noise masquerading as triangles?

as for the one i was looking at last night,



the 'breakout attempt' occurred at around 5:00 am EST, so, as i calculated before, about 100%200% error. however, it failed -- i suspect because of low volume.

however, the triangle itself is still very robust, and the price did not begin trending sideways until after 5 am. unfortunately, being able to identify triangles is useless until i learn how to measure them more precisely

regardless, i appreciate the constructive criticism hopefully i will return with an improved model. i have some work to do.

--arepo

Pro manipulators start by building a reputation in the forums by posting their analysis of the current bitcoin market.  Once they develop trust they will use their acquired trust to their own advantage.  They may even have multiple accounts.

I have witnessed this in action while trading stocks on Wallstreet and on Yahoo! forums.  When Yahoo Finance was first introduced in the 1990s, it was a crazy wild west.  Everyone including day traders, mutual fund managers, bankers, etc. would go to these forums and spew ridiculous claims.  It came to a point where people sued other forum board members, and some were even prosecuted.  Imagine if that would ever happen today!  Laws were created that disallowed mutual fund managers to post in the forums, including Yahoo Finance and SiliconInvestor.

However, even though these laws were created I have seen manipulation that is illegal, but due to anonymity they cannot be caught and prosecuted (this was about 10 years ago).  For example, I remember navigating the Yahoo Finance forums and one user was making a lot of good calls between different stock boards.  This user then made a call to buy stock in xxx because of insider information.  A lot of people started buying the stock and then a few days later the company was worth nothing.  This still happens all the time with penny stocks and it used to be "more illegal", but nowadays it's a free for all due to "freedom of speech".

I'm pretty sure you guys all know this and I am preaching to the choir.  :}

these threads are as idiotic as are "10000, here we come" ones... random nobody opens a thread and post 100 million dollars prediction ...

kids and computers..