Bitcoin Forum
October 19, 2018, 10:48:18 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 [47] 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 »
921  Economy / Speculation / Re: the ultimate inflection point on: April 21, 2013, 03:23:20 AM
it's quiet. toooo quiet.

-===-

922  Economy / Speculation / the ultimate inflection point on: April 21, 2013, 03:20:31 AM
the price seems to be holding its breath as every technical indicator known to man approaches 'neutral'...

something's coming. good luck bolls and bars. it's up to you to decide what happens next...

maybe i should add a poll? UP or DOWN?

-===-
Quote
it's quiet. toooo quiet.

-===-





EDIT: added to the OP
923  Economy / Speculation / Re: My prediction on: April 19, 2013, 07:36:19 AM
I predict it'll go up, idk how high, but it'll come back down a lot.

that's prophetic
924  Economy / Speculation / Re: the running of the bulls on: April 18, 2013, 06:18:03 PM
OK, it bearly touched 83 and bounced.



-===-

best guess: $100 is a short-term top. doesn't seem like we have the oomph right now. if $80 holds on the bounce, bull sign. otherwise this might really just be a drawn-out bulltrap. after failing to break $100 yesterday, i'm starting to fear if $50 is really the bottom...
925  Economy / Speculation / Re: Ladies and Gentlemen: This is what a green candlestick looks like on: April 18, 2013, 06:11:12 PM

Just over half the volume traded of the previous day but a clear, massive bullish sign.


low volume == bulltrap
926  Economy / Speculation / Re: the running of the bulls on: April 17, 2013, 03:14:37 PM
looks like the bulls are running!
95+

Failed to hit 100. Double top?

maybe. or just consolidation. bid side looks strong but ask side has also filled up with people ready to unload. tons of selling pressure, it's up to the market to decide whether or not $100 bitcoins can really be taken seriously again.
927  Economy / Speculation / Re: Rally? on: April 17, 2013, 02:25:06 PM
It doesn't make any sense to use BTC in Africa as BTC requires stable Internet to operate.

Nobody thought of that?

are you under some impression that the entire continent of africa is tribal bushmen? Tongue
928  Economy / Speculation / Re: Yet another analyst :) on: April 17, 2013, 02:08:05 PM
Kinda bouncing

[chart]

lucif, that candle just opened. you can't call this a bounce yet. with this momentum we could break right through. and by my models, we will. i saw this from $80.

are you short? haha. either you're being intentionally misleading or your position is biasing you. wait 50 minutes then tell me we've bounced.
929  Economy / Speculation / Re: I sold at $57, fml. on: April 17, 2013, 01:20:04 PM
Well, uh, *cough* you could always buy back in. *cough*

its already too late. we're breaking out.. was trying to tell you guys earlier...
930  Economy / Speculation / Re: Yet another analyst :) on: April 17, 2013, 12:44:47 PM
i disagree. this is a decisive moment.

-===-



-===-

my money's on UP.
931  Economy / Speculation / Re: the running of the bulls on: April 17, 2013, 12:27:46 PM
Yeah, I extrapolating that line also, figured we'd be in the 80s for a number of hours. It has been hitting and climbing that moving support like a staircase for over a day now with no trouble at all. It look a jump up to the 80s and I'd imagine when it lands on the support it'll continue its climb.

that's what just happened. the selling pressure is immense but we're resting delicately on that moving support. i'm really confident in this market, the bid side is showing a lot of strength for the first time in weeks.
932  Economy / Speculation / Re: the running of the bulls on: April 17, 2013, 12:18:47 PM
if we extrapolate the moving support...

-===-



-===-

... it seems if we don't move out of this range in 5 hours we'll collide with it, and then the market must decide.
933  Economy / Speculation / Re: the running of the bulls on: April 17, 2013, 11:59:50 AM
babby's first rally, a photo album:

-===-



=



=



-===-

... the last picture being the most recent.

i've heavily annotated this last one to point out some evidence for the OP's prediction. the white line in each of the images is the moving support.

the PVT  in the OP shows a different triangle formation than the price, though. the yellow line in the last image indicates the top of the price triangle, the purple line demonstrates the falling volume, and the yellow circle appears to show a bullish breakout.

so the price has already 'broken out' of the smaller triangle formation, and is now struggling to make the bigger, more important move which would break its PVT out of the mid-term downtrend.

934  Economy / Speculation / the running of the bulls on: April 17, 2013, 11:50:41 AM
while we definitely are still in a medium-term downtrend, it seems like the volatility left in the wake of the monster knife is enough stage for a mini-rally. from a zoomed-out view it looks like a bulltrap, BUT, on the 30-min scale we are incredibly oversold.

based on the PVT:

-===-



-===-

... it seems we are on the verge of a very important breakout. the bid side looks deep, obviously encouraged by mr M's fat $70 wall, and the indicators are temporarily bullish. i think we're going up in a big way, at least to $100.

935  Economy / Speculation / Re: Going up? on: April 17, 2013, 10:49:58 AM
to all the newbies drawing trendlines and triangles -- just some tips:

1. you need at least two points of contact. a line is defined by two points so you can draw any line you want about one (this is not rigorous enough, obviously). further, if your line only has two points of contact, it is not as robust as a model that has more.

2. sometimes wicks (shadows) contain outliers. try to imagine the distribution of the data and draw lines accordingly -- it's TA, not connect-the-dots. beware of apophenia. just because you see a pattern doesn't mean it's a proper, predictive, or particularly robust model.
936  Economy / Speculation / Re: Who's selling just now - 84.80? on: April 17, 2013, 10:45:58 AM
we're still technically in a bear market. i'd advice against throwing caution to the wind for at least a few more days Tongue
937  Economy / Speculation / Re: Going up? on: April 17, 2013, 10:44:51 AM
30-min PVT says something big is brewing...

-===-



-===-

this is the decisive moment... the only question is -- up or down?

938  Economy / Speculation / Re: I sold at $57, fml. on: April 17, 2013, 10:20:35 AM
If you are going to sell. Sell in small increments over time. Not all at once.

If you average your price over months you will get a better deal more than likely.


this isn't as much of a winning strategy as it is a hedging strategy. say you're going long: you can dollar cost average all you want, but you won't be able to consistently get a better price than your first price. however, you're more likely to get a better price if your first price is higher-than-average.
939  Economy / Speculation / Re: the crash is over? on: April 17, 2013, 09:54:11 AM
Nope, it's crashing upwards now  Undecided

it's hilarious how perfectly sentiment lags price. when everyone was all doom and gloom, this rally was born. now that everyone's on board, it's topping. short term top at $8x.xx

selling pressure, ON!
940  Economy / Speculation / Re: will asic's kill bitcoin ? on: April 17, 2013, 08:27:37 AM
the main misconception here is that the total hashing power of the network corresponds with how quickly bitcoins are mined.
Nah. There were a couple misconceptions in the OP, but that's not one of them.
so difficulty will increase to silly amounts, but people will expand the asic clusters to compensate

but...

Will we not run out of bitcoins to mine within 4 years or so... ?

 Huh
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 [47] 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!