But that's old news - what about the today's triangle?
it was not a right triangle, and it turned out to develop into a flat correction. 5.8 - 6 $ is good support |
|
|
|
|
No worries :-)
Very short term, you were right that 7.20 was resistance.
Mid term, not.
|
|
|
|
|
I agree with most people here that 7.2 $ is only a minor resistance.
|
|
|
|
|
Thanks, always trying my best to support the bitcoin economy, whether prices are due to fall or rise.
By the way:
To all:
If you have a suggestion for an interesting topic about financials / trading, etc. related to Bitcoins, let me know. It may be appropriate for another article.
|
|
|
|
Nice Article. Noticed only at the end that its by S3052. On one hand it's accurate on the other hand.. he is a bit biased.... if it recruits a million users.. who cares  Sorry but I do care. As much as I agree with him on the future of bitcoin, I am sick of all that bla bla of "this high will be even bigger than the last high" bullshit. If you want to express your enthusiasm, tell that it is *your* enthusiasm. If you have proof that some country is switching to bitcoin, tell the news but don't imply to know exactly what the course might be at some date. This article is not a notable source, sorry.
It is important to note that the analysis itself is in fact unbiased. It follows technical analysis and a multitude of indicators that are pointing to exactly that outcome.
As an analyst, I take a certain stance depending on the analysis and for people who have been following me since the beginning, they know that I also take a fully bearish stance if it is warranted.
Hence, while it may sound euphoric, the conclusion of recent price action and the unbiased technical analysis points to a bullish bias...
What I will do next time is to add some comments about the alternate scenario, something like what if ... |
|
|
|
Proposal for a new expression: "bitcoined" = screwed by bitcoins, i.e.
USD's are bitcoined on bitcoinica at the moment :-)
I propose we add this to the dictionary. Bitcoin
1. n, proper. An example of a non-inflationary distributed decentralized unregulated and unregulatable online currency with a peer-to-peer structure founded by Satoshi Nakamoto in 2009. An instance of cryptocurrency. e.g. "Bitcoin has attracted investors from Argentina to Zimbabwae."
2. adj, proper. Of or pertaining to Bitcoin. e.g. "The Bitcoin network has survived another attack."
bitcoin
1. n, countable. A cryptocurrency with little deviation from Bitcoin. e.g. "IxCoin is just a bitcoin with higher inflation." pl. bitcoins
2. n, countable. A unit comprising 100 000 000 of the individual units of currency used in Bitcoin. e.g. "That will be 50 bitcoins." pl. bitcoins, bitcoin (rare, semi-informal)
3. v.t. (informal) To screw or make something look bad via usage of bitcoins. Coinage. e.g. "The USD is being bitcoined again." 3rd sin. i. bitcoins s.p./past.p. bitcoined p.p bitcoining
wonderful!!! |
|
|
|
|
Proposal for a new expression: "bitcoined" = screwed by bitcoins, i.e.
USD's are bitcoined on bitcoinica at the moment :-)
|
|
|
|
|
whats wrong with bitinstant?
the website is not available any more..
|
|
|
|
|
I have shared with subscribers a wave count, but I am sorry I can't share here as it is exclusive to subscribers.
|
|
|
|
Bubbles happen. It's human nature. You can't stop them.
This is correct and by the way, it was really not a bubble in logarithmic terms which is the more appropriate way to chart assets that show exponential rises in very short time.
And, bubbles or however people call strong rises, can not be avoided. Herding psychology is human and can never be avoided in free markets. |
|
|
|
happy new year to everybody and thanks for all the trust
As of today, we have added live charts in http://bitcoinbullbear.com, thanks to Clark Moody.
Looking forward to a rocking BITYEAR :-) where the hell you been, boy? Happy New Year!
I was in the snow in the mountains :-)wow, i'm jealous. otoh, we all been havin some good fun here! Bitcoin's going into snowy mountain tops now |
|
|
|
happy new year to everybody and thanks for all the trust
As of today, we have added live charts in http://bitcoinbullbear.com, thanks to Clark Moody.
Looking forward to a rocking BITYEAR :-) where the hell you been, boy? Happy New Year!
I was in the snow in the mountains :-) |
|
|
|
happy new year to everybody and thanks for all the trust
As of today, we have added live charts in http://bitcoinbullbear.com, thanks to Clark Moody.
Looking forward to a rocking BITYEAR :-)
|
|
|
|
So it seems S3052 has been calling for lower gold prices for quite some time and yet the gold price is still up since. Who knows what will eventually happen. We will wait and see.
We gave a sell reco in the 1850-1900 area, so our forecast has already materialized. More downside ahead of us. |
|
|
|
Thank you for cool graph, actually I was looking for something like this some time ago. Can you reveal your source for price quotes, please? I'm thinking to add BTC/gold price to Sierrachart as a little hack (downloading btc/usd and gold/usd prices and recombining it to btc/gold graph on the fly), but I didn't find any downloadable quotes for gold. Kitco provides only graphs for free.
thanks slush.
Unfortunately, I also do not know how to do this automatically, since I created the chart manually (based on monthly prices).
A while ago, I downloaded some data from yahoo.finance
did you try this yet? |
|
|
|
|
it takes about 200 $k to hit 5 $ at the moment. There are enough funds on MtGox already. If people decide to have fun holiday trading,and have BTC before masses add funds to MtGox in the new year, we may hit 5 $ soon:
Guess: Dec 29, 2011
|
|
|
|
|
Show Posts
