Yet another analyst :)

[RyNinDaCleM]

Market infinite loop detected.

Heaven for trading bots!

Code:

while [ /bin/true ] ; do
  ./buy.py $13.30
  ./sell.py $13.55
done

the algorithm that stabilized bitcoin... who would of guess it was so simple 

Except we haven't hit $13.30 in 36hrs. Not the most profitable algo. 

[lucif]

I think there are odds that triangle will stay unbreaked.

Symmetric triangle breakout - is an event when price makes bold volumed move in some direction and market supports this move with futher buying.selling in that direction.

The target of breaked triangle stays in area of breakout point plus or minus the widest triangle height.

The widest height of this one is about $1.00. So breakout target up is about 1450, and breakout one down is about 1250.

But triangle has another property. When breakout didnt happen from 3/4 to 4/4 part of this figure - price contunies to move to undefined direction. Undefined within triangle pattern.

But we have some other patterns here. The uptrend support line off 970 low is already broken down (see pics above), but this breakout needs volume confirmation.

Here at least i come into wall analysis. It can make hints only for very close future.

I see from market behavior of last days, even large close bid walls do not scary bears. In other side of market depth there is a lot room for bulls action even with low volume. But nothing. No one want to buy, and even if he wants, bears rapidly drop price back down.

What it all saying about?

Sideways or down. Bot heaven.

[bitcoinBull]

Look what happened after the triangle at $5 broke sideways. For bitcoin, sideways (lack of selling) is an indicator of confidence, and leads to upward movements. The accumulation/distribution indicator (among others) is again confirming this.

[naima53]

Look what happened after the triangle at $5 broke sideways. For bitcoin, sideways (lack of selling) is an indicator of confidence, and leads to upward movements. The accumulation/distribution indicator (among others) is again confirming this.

exactly

[myself]

Look what happened after the triangle at $5 broke sideways. For bitcoin, sideways (lack of selling) is an indicator of confidence, and leads to upward movements. The accumulation/distribution indicator (among others) is again confirming this.

exactly

very exactly

[smoothie]

Look what happened after the triangle at $5 broke sideways. For bitcoin, sideways (lack of selling) is an indicator of confidence, and leads to upward movements. The accumulation/distribution indicator (among others) is again confirming this.

exactly

very exactly

super very exactly 

[myself]

super very exactly 

(super very exactly)²

[smoothie]

super very exactly 

(super very exactly)²

(super very exactly)^21,000,000

[myself]

(super very exactly)^21,000,000

woahdude,jpg thats a new level i am afraid i cant play at that level

[arepo]

Look what happened after the triangle at $5 broke sideways. For bitcoin, sideways (lack of selling) is an indicator of confidence, and leads to upward movements. The accumulation/distribution indicator (among others) is again confirming this.

but (on weekly scale) accumulation/distribution isnt making steady gains like it did preceding the bull run from $5. its at an all-time high but has formed a local max (reversal) shape.

also, i think the quoted observation is simply due to the historical endless bullrun with corrections. it may be about time we hit that inflection point...

past performance is not indicative of future results?

[lucif]

Hehe. Thanks.

I see I should limit borders of exposable info, as it change overall picture Not actually a direction, but timeframes. As a lot of people made bets on my targets ))

[arepo]

Interesting analysis, i like it a lot.

But i think you're "over-analyzing a bit" just like the bullish analysts do (to make their case). But with that being said i appreciate it a lot, very interesting read


For the record, im short bitcoin, no reasons other than the blockhalving was overhyped by speculators (visible with the highly-impulsive buys in the weeks before it, we need to correct those before we can move higher).

are you shorting through a broker or did you simply sell your holdings?

[lucif]

Hehe. Some entertainment here. Boring watching a price

Your closed bets (3)
Agree on "Bitcoin will be below $20 on mtgox at end of 2012" for 3.0 (Weighted: 590.52). Won. Payback: 3.07380609773
Agree on "Bitcoin will be below $15 on mtgox at end of 2012" for 5.0 (Weighted: 984.26). Won. Payback: 5.24679746925
Disagree on "The MtGox weighted price for 12/26/12 will be higher than the weighted price for 12/19/12" for 1.0 (Weighted: 28.87). Won. Payback: 1.36491569982

Go vote for or against this bet, we will check the sentiment index of great upmove:

Your open bets (1)
Agree on "mtgoxUSD price will not reach $16 during winter 2013" for 1.0 (Weighted: 1057.16).

[lucif]

Support trendlines slowly, but inflexibly turn into resistances

[Grant]

Support trendlines slowly, but inflexibly turn into resistances

Last price 13.37$ how leet

[myself]

@lucif merry christmas

 

[lucif]

Thanks! Here is a good christmas and trade times comming. I am already drunked, fucked a bitch, watched a Hobbit in 3D and called everyone here stupids.

Watching a game, having a bud. True.

[lucif]

Update. No volume and momentum still, price continues to blindly follow h/SMA200 and d/sma10,20 direction. Triangle looks invalid. Possible directions included as arrows from here. Nuff said.

[lucif]

Market is VERY, VERY unsure about futher direction. Hard decision.

[RyNinDaCleM]

Please no blue!