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Author Topic: Morecoin analysis [bitcoin/USD market observations]  (Read 47455 times)
yefi
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May 30, 2016, 03:44:21 PM
 #321

There are certain feelings that we don't have the ability to express in one clear, concise word. Smiley

If you could, it would be a thu'um though Cheesy
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Morecoin Freeman (OP)
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June 14, 2016, 04:51:48 PM
 #322

This is it; the significant advance. The current positive state of the market shares key similarities with the price rise from May 2012 ($5) till April 2013 ($260!), with the first block reward halving in between which took place on November 28, 2012. Note that on a weekly time frame we are in the second longest lasting uptrend in the history of bitcoin. Right now bitcoin is a very legitimate investment.

(BITCOIN PRICE INDEX $444.43)
Hello. Some fractals and extrapolation. Good bye.



I see that masterluc agrees. Cool
The past three weeks have been amazing with the bitcoin price reaching $700.

(BITCOIN PRICE INDEX $668.45)

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Morecoin Freeman (OP)
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October 26, 2016, 04:42:45 AM
 #323

daily:


The daily picture paints a continuation of the uptrend with the SMA acting as support.
It is important to break and stay above ~$680, more on that in a bit.


weekly:


Originally this thread was titled 'Bottom is in at $215 buying like crazy.' This was when I noticed the, at that time, double bottom in April 2015. From above picture it is clear that, shortly after the bottom was confirmed for the third and final time, bitcoin has been in an incredible bull market ever since. With recent support holding and the MACD suggesting positive momentum, it seems like said bull market is here to stay. Start trading below our SMA and things will be negative.


Jan. '13 - Nov. '16:


Now this looks like a cup and handle breakout pattern to me. Not only was ~$680 resistance just a couple of months ago but also in 2014, after it had acted as a level of support in 2013. Also, this price level coincides with the lip of our cup. So a new break above this resistance is very relevant.


(BITCOIN PRICE INDEX $657.02)

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Morecoin Freeman (OP)
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January 27, 2017, 12:26:02 AM
 #324

No words, only bitcoin:



(BITCOIN PRICE INDEX $915.10)

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March 28, 2017, 09:02:17 AM
 #325

Hey morecoin?


Could you please share your BBands charts on Nights watch thread whenever you can?

If its not too much too ask


quotes are fine to link back to your thread.

Ive been posting some of John Bollinger's BBands charts



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.....
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.....





Morecoin Freeman (OP)
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March 30, 2017, 07:56:59 PM
 #326

Bitcoin long-term uptrend; Usually a good moment to buy is just after you start to see the bounce off support:



(BITCOIN PRICE INDEX $1,028.36)

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Ted E. Bare
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March 31, 2017, 05:00:34 PM
 #327

Is this guy a wizard? He's been calling the bottom a gazillion times.
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April 21, 2017, 08:49:16 PM
 #328

Thanks for sharing your thoughts.

Any thoughts on the current fiat deposit/withdrawal issue at Bitfinex potentially disturbing the market?

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero.
Morecoin Freeman (OP)
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July 17, 2017, 08:43:43 AM
 #329

Bitcoin long-term uptrend; Usually a good moment to buy is just after you start to see the bounce off support:



(BITCOIN PRICE INDEX $1,028.36)

This feels eerily familiar…



Feedback?

(BITCOIN PRICE INDEX $2,081.21)

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July 17, 2017, 10:23:02 AM
 #330

Looks like where about to go for a joyride. I'd love to buy some more at these cheap rates but I'm out of fiat (That I can comfortable gamble with an MOT coming up) however. Pay day next week so maybe thatll coincide with a boost again as everyone with more money scrambled to pick up cheapish coin?

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July 17, 2017, 10:50:32 AM
 #331

Bitcoin long-term uptrend; Usually a good moment to buy is just after you start to see the bounce off support:

https://i.imgur.com/qQt6zh1.png

(BITCOIN PRICE INDEX $1,028.36)

This feels eerily familiar…

https://i.imgur.com/nwebI1Y.png

Feedback?

(BITCOIN PRICE INDEX $2,081.21)
Can't close candle under middle axis BB, maybe have some bull trap but under $2200 and continue falldown if can't breakout this resistance line
Morecoin Freeman (OP)
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August 30, 2017, 11:23:56 PM
 #332



(BITCOIN PRICE INDEX $2,081.21)

JULY 17th I told you to buy every bitcoin:



...

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Morecoin Freeman (OP)
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September 04, 2017, 02:32:13 PM
 #333

Expecting lower prices if the daily closes below $4300.

(BITCOIN PRICE INDEX $4,396.39)

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Morecoin Freeman (OP)
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September 15, 2017, 09:28:01 AM
 #334

Here we go again,



All-in bitcoin!

(BITCOIN PRICE INDEX $3,069.37)

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September 15, 2017, 11:49:27 AM
Last edit: September 15, 2017, 02:13:15 PM by Wexlike
 #335

Let's hope this support holds and the bull continues.


Edit: Perfect analysis Morecoin. *hat tip*
Morecoin Freeman (OP)
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October 24, 2017, 09:16:11 PM
 #336

Expecting lower prices if the daily closes below $5700.

(BITCOIN PRICE INDEX $5,539.53)

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Morecoin Freeman (OP)
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October 30, 2017, 07:34:12 AM
 #337

Bearish divergence, anyone?


daily price


daily RSI (and volume)


(BITCOIN PRICE INDEX $6,120.40)

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Yuuto
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October 30, 2017, 07:55:00 AM
 #338

Well RSI and volume is both down a bit whilst price has continued to climb and hold the current level. It wouldn't be a surprise to me if the price went down back to the $5000s before resurfacing back up again.

Looking at your charts, it's pretty much the textbook definition of bearish divergence.

Let's see if your predictions come true once again Smiley
Morecoin Freeman (OP)
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November 02, 2017, 10:18:17 AM
 #339

Let's see if your predictions come true once again Smiley

Well, not this time. That was an epic bear trap... We're now at 7000!

(BITCOIN PRICE INDEX $7,032.63.39)

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November 02, 2017, 05:23:29 PM
 #340

Let's see if your predictions come true once again Smiley

Well, not this time. That was an epic bear trap... We're now at 7000!

(BITCOIN PRICE INDEX $7,032.63.39)

Everybody can be wrong, nothing to be ashamed of Morecoin. Personally I hope to see the price constantly rising though Smiley

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