The fact that the volume is weak doesn't mean much, volume was very weak just before the rally from 200 to 400 as well and also it's holiday. And RSI and StochRSI are not very reliable indicators imo, I prefer to look at MACD which is about to crossover on both the 1d and 4h timescale. That is usually a bullish sign, and the volume might be coming very soon with it as well. But we'll see, the bearish scenario is not out of the picture just yet. How come StochRSI never went back to overbought during the first climb from 800. It never even crossed 70 up until now and this weird uptrend.. EDIT: Can you "make" that happen so as to trick people into thinking the top is not reached yet? Because it is based on the 14-day high-low range. "14-day StochRSI equals .80 when RSI is near the high of its 14 day high-low range." http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:stochrsi |
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Indeed, the trend is undecided. I think there could be upside left here. But I do see fairly weak momentum hitting resistance. And I don't think that market sentiment is anywhere near where we were at 200. I don't think it's moon time just yet.
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Ed, the problem here is that you are obnoxious. We all know your position, you pretty much know what most people here think. It's not a prediction or an analysis, it's just a regurgitation of what we have been through countless times already. It's one of those things where my first thought is "this again?".
Actually, he went bull recently. Saw it with my own eyes.  |
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For all those even THINKING about "investing" in scamcoins: Don't forget that ultimately, there will only be ONE coin of each hashing algorithm because of the natural concentration of hashing power and the threat of 51% attacks.
Perhaps doge will be the scrypt one. It will certainly be hilarious to watch blight fight dogshit.
What about merge mined coins? My thinking has been that when most alt coins finally start dying off (though I think we may have some hype cycles yet to come), these chains are likely to remain the most secure of alts. Miners don't really have anything to lose by merge mining. Edit: I see this has already been discussed. |
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How do we avoid the image block? It makes drawing lines on charts less appealing this way.
Image block? ChartBuddy is kicking asses again, no? I think it's a matter of which kind of img format you're going to use. avoid gif, use png and you should be safe. Hmmm, png and jpg blocked for me... only tried imgur though... |
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How do we avoid the image block? It makes drawing lines on charts less appealing this way.
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Short version: I don't mind your analysis. I do mind the unjustified arrogance with which you present it usually.
I don't understand. It seems to me, as of late, that rpietila has presented his predictions as a matter of probability, and believes he is making EV+ moves with a decent chance of being wrong. I don't see this as "unjustified arrogance" at all. |
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Wasn't it just the deadline for 3rd party payment processors to stop servicing BTC exchanges? This was already done immediately.
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If/when we have a final capitulation, the price will stay higher than the low we have already had . . . It's psychology, support has been identified, and everyone will be racing to beat everyone else and buy before we dip to the support. If it coincides with a series of bad news, then maybe we would dip below, not likely unless a very specific set of circumstances arises.
I'd say it's way too early to say. I don't think we have established support levels. We've had only one capitulation. |
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Do bitcoin profits count for taxes if you only have usd on an exchange but haven't withdrawn?
Yes. But without that USD entering your bank account, how will IRS know? Question is, will you report each trade?  Hell, BTC-E doesn't even require dox..... (ahem, I mean, pay your taxes......) |
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You can make fiat trading EMA but you'll probably have less and less coins with time.
IIRC, Goombo provided backtesting on his daily EMA trading system and it outperformed "buy and hold" (by what margin I do not recall). This suggests that, if fiat gains are reinvested, that you will have more and more coins with time. I don't know the details, but it is likely that he tuned his parameters to maximize the backtesting results. That's what people do to improve their system. However, it is a fallacy to believe that the parameters that maximize returns over the last N years will work well for the next N years. That may be. But it would also be quite inaccurate to say that trading with an EMA system will net one "less and less coins." |
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You can make fiat trading EMA but you'll probably have less and less coins with time.
IIRC, Goombo provided backtesting on his daily EMA trading system and it outperformed "buy and hold" (by what margin I do not recall). This suggests that, if fiat gains are reinvested, that you will have more and more coins with time. |
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You guys are missing the point. We only have three days before a flash crash to $2. See you on the order books.
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I have to put my money where my mouth is, for my own sake. Would be really nice if the bears did the same, but what can you expect.
What does this mean, exactly? |
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It was the same night I started playing the Phil Spector Christmas album and then found I had a Dolly Parton one handy too. I woke up with a hangover and about 20,000 Doge Coins Is that alot of doge? Last price: 72 satoshis. |
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Which StochRSI do you guys watch? I would think 1 hr. to 1 day would be accurate but they are all over the place!
We don't. Most of us prefer to trade on raw emotion. |
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I'd love to hear an update, spndr7!  |
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Does anyone else think this rise is lacking significant volume?
Ever since 18 November, the only time that there is above average volume is when it is selling off. All the buying is being done by stealth, one coin at a time. I wouldn't expect buy volume on rallies to compare to sell volume during sell-offs. But the point remains. |
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