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$1,000 is likely to be a very brief consolidation like $200 was
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero? I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points!  a complete protocol failure |
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I need my dose of the bear fud, anyone?
The U.S. Dollar is suddenly going to get very strong and rally. |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
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Bitcoinwisdom's chart calculates the MACD to include the price of the current candle as if the candle was closed already. However, to declare that a cross has occured, you must do this based only on candles that have actually closed and not pre-emptively based on a new candle. Therefore, the MACD cross won't actually be for 10 days (at least)
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
I am thinking we might see a correction like this. What are your targets if so? I'm not convinced yet that we're headed for another bubble, do you think after this consolidation that we'll break the ATH? I don't know whether we're headed for ATHs this year or not - I really don't know what's going to happen with the long term trend and trying to guess this would be hocus pocus. I do think that, assuming that we ARE headed to ATH this year, that even after this consolidation is over, there will be another consolidation in the 800s area because that was also another major flat area in january. |
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Bitcoinwisdom's chart calculates the MACD to include the price of the current candle as if the candle was closed already. However, to declare that a cross has occured, you must do this based only on candles that have actually closed and not pre-emptively based on a new candle. Therefore, the MACD cross won't actually be for 10 days (at least)
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
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Bitcoinwisdom's chart calculates the MACD to include the price of the current candle as if the candle was closed already. However, to declare that a cross has occured, you must do this based only on candles that have actually closed and not pre-emptively based on a new candle. Therefore, the MACD cross won't actually be for 10 days (at least)
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I give up! I am revising my projections: price will immediately go to:
$1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000
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only place i ever spent more time that was worse was m.i.t. oh, and teza. wow. teza was a mindblower.
sounds intriguing. care to reveal more? I'm going to follow this sage advice. There seems to be a pack of trolls on here right now and I'm going to give up trying to talk to all of them at once. |
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Everyone having fun except Teara. Shocking development.
Tera and fun don't come in same sentence. Tell her that when she's trading from the deck of her yacht in Monaco harbour. I still wouldn't party with her tbh. I'd do it on my own yacht though  I wouldn't party with me either. I am too analytical. And bitcoin has destroyed me as a person by causing me stress all the time - even when I am in a winning position my minds is stressed out due to the flood of data I have to keep up which runs 24/7 outside of my control. I feel like I can never party again until I leave bitcoin. You're taking it too serious despite doing well and being in great profits. Just relax a bit, we made enough money to be less stressed than you are. I can't help it. I keep trying to not look at the charts but every time I haven't watched the chart in a while, I get this gut lurching feeling, like a feeling that I might have left the oven on and the house could burn down. I feel cursed and tied to an obsessive activity forever now. I have gained money at the expensive of happiness . Money != happiness. |
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It seems that arrogance around here is proportional to the RSI.
Stop being interested in Bitcoin, really. Go to bed, or something. If it stressed you out and causes you to get off at everyone as a complete bitch. Than piss off, or eat a snickers. I don't do it with everyone - only the trolls who attack me first. |
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It seems that arrogance around here is proportional to the RSI.
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Everyone having fun except Teara. Shocking development.
Tera and fun don't come in same sentence. Tell her that when she's trading from the deck of her yacht in Monaco harbour. I still wouldn't party with her tbh. I'd do it on my own yacht though I wouldn't party with me either. I am too analytical. And bitcoin has destroyed me as a person by causing me stress all the time - even when I am in a winning position my minds is stressed out due to the flood of data I have to keep up which runs 24/7 outside of my control. I feel like I can never party again until I leave bitcoin. |
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The moon is not an area 51 topic. It doesn't have to involve anything occult. Someone provided a good explanation which was that seeing the moon makes people optimistic. There is actually a charting indicator for this on TradingView called Moon Phases.
Yes yes psychics. The moon topic had nothing to do with the psychic topic. You must be making this assumption in your own head based on your personal belief that the moon has something to do psychic abilities. Seems just as logical as getting your BTC predictions from a 'psychic' Why are you bringing up a statement about me that has nothing to do with our discussion about how your own logic is illogical? You are diverting the subject off on a tangent to avoid defending yourself. |
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Don't pre-empt MACD. It's not designed for that. Only respond to it once it's actually happened and confirmed. It's not really a good indicator to use when things are moving fast.
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The moon is not an area 51 topic. It doesn't have to involve anything occult. Someone provided a good explanation which was that seeing the moon makes people optimistic. There is actually a charting indicator for this on TradingView called Moon Phases.
Yes yes psychics. The moon topic had nothing to do with the psychic topic. You must be making this assumption in your own head based on your personal belief that the moon has something to do psychic abilities. |
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Everyone having fun except Teara. Shocking development.
how do you know? |
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The moon is not an area 51 topic. It doesn't have to involve anything occult. Someone provided a good explanation which was that seeing the moon makes people optimistic. There is actually a charting indicator for this on TradingView called Moon Phases.
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Aren't you the one posting about full moons and psychics? I don't think you're allowed to argue 'reality'.
I can discuss whatever I want. What do my discussions in other threads have to do with this thread? This is strictly about TA, and yipYip was the one who used the word "reality", not me. Im cool with whatever you have to say... MAJOR CORRECTIONS is bear talk for back to 400 or sub 300 prices this is why i was saying words like reality I did not say 300-400. I was thinking more like 550... That would be a correction MAJOR CORRECTION is like 30% + Just a disconnect on meaning no big deal ...  To be honest some of your threads have been of teh AREA 51 variety 30% is a major correction after breaking ATH buy before breaking ATH, 15-20% is sufficient. Also, 300-400 is a 40-55% correction. |
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