Actually bitcoin bulls would find this picture to be BEARISH because it implies that bitcoin is growing on a linear scale.
It does... Until the double-exponential rally happens, as it did 4 times now, and which should start soonish, as in early this summer. See if you notice any patterns on this logchart:  So you're saying that it grows linearly sometimes and then sudden it starts growing exponentially? I think that is false and that the growth is consistently exponential at some degree. |
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I've found some interesting trends that could indicate a turn into the direction to which BTC is heading The steady decline is now being replaced by a slow increase. I'll keep an eye on this, when value touch the new trending lines. Nick.  Actually bitcoin bulls would find this picture to be BEARISH because it implies that bitcoin is growing on a linear scale. |
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In real TA terms we have not reversed but in bitcoiner terms the bear market is over because when the momentum of a downtrend slows, it means the next rocket to the moon is clearly being loaded up.
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If I was an exchange ... I would be very careful within volatile stuff ... for me sounds like the exchange market is more fragmented now than that it was on gox golden times. Exchanges can also cannibalize each other just like any other network (pools for instance ) ...
DOnt ever look back on GOX as the golden days as either 1) You have altzheimers 2) You where not there GOX was the devil & thank fuck they are gone ..I whole heartly believe that we would not have been abel to move forward without them out of the picture GOX is gone, but the bitcoins that were steal from there keep the market price very low. I have seen few hours ago on blockchain 2016 BTC transaction. I wonder where that amount comes from?  any ideas? A sizable amount of drugs. |
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 Does this mean anything? Just say it I don't know. I was wondering if any experienced traders knew if the 1W ichimoku cloud had any significance. |
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Does this mean anything? |
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 #onedgeofseatwithpopcorn You're looking at huobi. Drawing a similar line on bitstamp chart  shows the downtrend has been pierced to the upside, which was a point in the article: What this chart first shows is that the bitcoin market's decline has been contained within similar rails, which re-inforces the point that this really is how markets and price action evolve.
But what is special about this chart is the right hand edge, where we can see that for the first time, the market is trading beyond the upper extreme of descending resistance.
And this, for us, is a clear indication that the downtrend which has dominated the first half of 2014, is finally running out of steam.
So what are you trying to say? Actually the difference here is that you are using a linear chart and I am using a log chart. |
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I predict a crash to $300-$350 in 7 days. Based on the remarkable similarities in these 2 charts: Double bottom at $2 in 2011.
Our progress so far in the bottoming process.Somebody with more visual tools could clarify and present the case. I will have to explain: 2011: - 3 RED weeks ending with a flashcrash to $4 - 2 GREEN weeks recovery - 4 RED weeks ending in a flashcrash to $2 - GREEN-RED-GREEN pattern in recovery - another flashcrash to $2.2014: - 4 RED weeks ending with a flashcrash to $400 - 2 GREEN weeks recovery - 4 RED weeks ending in a flashcrash to $340 - GREEN-2 REDS-GREEN pattern in recovery - ?(to be found out in 7 days....  ) I hope you're prediction is on target, Risto. I have one last large buy to conduct next week and some even cheaper coins would sweeten the pot.  It is not a troll, it is something that I just found in the charts. Count for yourself. If the pattern continues one moor week, it means that there'll be a capitulation crash this week. And then 7 weeks of going up, all the way to $650. So my prediction is 650 in the end of June. The crash is optional. The trolls in the other thread did not want to hear the real meaning (as usual). Chart showing all.Here's a simpler way to convey the same idea about the relation to 2011: 3D MACD is up but 1W MACD is still firmly down. |
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How long has the total ask side on Stamp remained around 21,000 btc? Seems like at least 6 months, probably longer. Any theories as to why?
Has been bigger 25-28k btc even in the last couple weeks. Why what? Same ask volume or 21k btc? Imho, some of these ask are old, wishful thinking asks for couple thousand $ per btc "just in case". The dynamic of trading on bitstamp now is much different than it was on Mtgox due to: 1. Lack of trust in keeping funds on exchanges 2. Bitfinex 3. Dark orders (most of the serious accumulation and distribution utilize these. for example the seller(s) who is actually driving the trendline - you never see any of his orders on the book, and people get falsely excited every time 'the asks are gone') 4. China being the market leader still 5. Advancements in bot strategies, and more sophisticated traders So the asks represent a relatively constant group of traders and bots who still use the old strategy of keeping their coins on the books. It oscillates between 16K and 24K depending on where we are in the trend and whether these traders are long or short. |
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Yes I understand you believe that Bitcoin's demand is going up. However, you must include that in the list of TWO reasons why Bitcoin retains value, and you cannot just mention the supply side. |
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Looks like huobi has hit the great wall of China.
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In saying "retains value". you cannot simply look at one side of supply vs. demand - you have to look at both. Bitcoin retains value because both the supply is limited and because it is growing in demand. However, if the demand were to ever shrink at some point, it would not retain value.
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#onedgeofseatwithpopcorn |
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So the consensus here is that I should test receiving coins but I don't have to test sending them?
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God damnit btc, stop procrastinating this drop; just get it over with.
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has the exponential growth trend broken? Maybe it's seriously time to re-access the future of bitcoin growth.
There is no exponential growth trend line. This is a figment of rpetelia's imagination; part of his religion. This line is just an average of the past using the current state of the chart as in input, and cannot predict the future. It cannot tell whether we are high or low relative to where bitcoin's actual exponential growth is. |
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Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.
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