lucif (OP)
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Activity: 462
Merit: 250
Clown prophet
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January 19, 2013, 09:22:07 PM |
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Bah... Fok it. Bearish Wedge fig off the 760 low confirming on price, macd and rsi. Price and both oscillators draw same figure http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zxzi1gADXzi2gMACDzi3gRSIzvAnd ADX shows highly probable local top. I really don't know where to strongly go up from here. And volume confirming wedge. You may call me nuts, but I think in days we will go down hard. |
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waspoza
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January 20, 2013, 12:23:24 AM |
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So you shorted?  |
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lucif (OP)
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Activity: 462
Merit: 250
Clown prophet
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January 20, 2013, 05:57:59 AM |
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Aaaand... This weekly candle looks sooooo bubbly
Bubble highly possible!
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lucif (OP)
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Merit: 250
Clown prophet
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January 20, 2013, 03:49:15 PM |
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Some porn for bulls to jerk on  However we are heavily ovebought. Move up will start bubble. |
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myself
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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January 20, 2013, 05:38:22 PM |
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Some porn for bulls to jerk on let me grab the BB book i dont really get that W patten in there |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 20, 2013, 05:53:29 PM |
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So you finally covered that short I see.  |
Bro, do you even blockchain?
-E Voorhees
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myself
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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January 20, 2013, 05:59:04 PM |
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oh yes that's a W16 there are 2 problems in this W16:
1 end of W16 is not inside of BB
2 the W is not at a bottom like John Bollinger explains this patten on chapter XII
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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January 20, 2013, 06:09:21 PM |
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So you finally covered that short I see. I dont trade inside wedges, hehe. Still waiting for either bubble or wedge confirmation. Weekly candle above BB - good plus for bulls. |
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Jakers
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Merit: 10
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January 21, 2013, 08:49:45 AM |
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I didn't know they had bears on the internet o.O, the BTC Bears?  |
This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for RENT☺♥☺♥☺This SPACE is for
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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January 22, 2013, 07:53:49 AM |
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Looks like we got a first resistance. 50% retracement from 32 to 2.  |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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January 22, 2013, 08:08:24 AM |
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the heavy weekly MASS INDEX just made re-entry. this usually indicates a long-term trend reversal. get your seatbelts on, kiddies! looks pretty ominous, huh?  |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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The Fool
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Merit: 0
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January 22, 2013, 08:15:07 AM |
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the heavy weekly MASS INDEX just made re-entry. this usually indicates a long-term trend reversal. get your seatbelts on, kiddies! looks pretty ominous, huh? Relying on one indicator is not a reliable way to trade. Especially in a small market such as Bitcoin. The orderbook still indicates significant demand that is only being held stagnant by Mt. Gox logistical issues: Money transfers are being delayed. |
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bb113
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January 22, 2013, 08:16:50 AM |
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Looks like we got a first resistance. 50% retracement from 32 to 2. How are these numbers calculated? edit: nm its just percent to peak... |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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January 22, 2013, 08:18:54 AM |
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Relying on one indicator is not a reliable way to trade. Especially in a small market such as Bitcoin.
10-day 2-hour scaleclear head-and-shoulders pattern in the Chaikin Oscillator (2nd from top), as well as a bearish crossover in the ADX, Aroon, and Aroon Osc.  Also, a midline crossover in four oscillators which I use.  in other words, down from here if only for the short term. but be prepared for some panic selling by the more short-sighted folks. the rally may well have been a bull trap after all. |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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January 22, 2013, 08:18:56 AM |
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According to EW count of this rally, we are [probably] in top of 3. Some pullback expected. Or we may go to another resistance at 61.8% (20.5).  |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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January 22, 2013, 08:28:49 AM |
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the heavy weekly MASS INDEX just made re-entry. this usually indicates a long-term trend reversal. get your seatbelts on, kiddies! looks pretty ominous, huh? Relying on one indicator is not a reliable way to trade. Especially in a small market such as Bitcoin. The orderbook still indicates significant demand that is only being held stagnant by Mt. Gox logistical issues: Money transfers are being delayed.the orderbook cannot indicate demand. many orders never show up on the orderbook and many orders on the ledger are cancelled before they are executed. a decent indicator of where the market is used to be interest rates on bitcoinica; the interest rate for USD denominated loans on bitfinex is ridiculous, indicating a demand for leveraged long positions, indicating an excessive amount of open, leveraged long positions. everybody thinks we're going up, up, up so we're likely to see a long squeeze. |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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The Fool
Newbie
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Merit: 0
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January 22, 2013, 08:31:01 AM |
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the heavy weekly MASS INDEX just made re-entry. this usually indicates a long-term trend reversal. get your seatbelts on, kiddies! looks pretty ominous, huh? Relying on one indicator is not a reliable way to trade. Especially in a small market such as Bitcoin. The orderbook still indicates significant demand that is only being held stagnant by Mt. Gox logistical issues: Money transfers are being delayed.the orderbook cannot indicate demand. many orders never show up on the orderbook and many orders on the ledger are cancelled before they are executed. a decent indicator of where the market is used to be interest rates on bitcoinica; the interest rate for USD denominated loans on bitfinex is ridiculous, indicating a demand for leveraged long positions, indicating an excessive amount of open, leveraged long positions. everybody thinks we're going up, up, up so we're likely to see a long squeeze. The orderbook can indicate demand but it can also have misleading information, which is what you are trying to say. That in itself does not prove demand cannot be indicated. Even the disingenuous information may indicate a greater truth. While it is not reliable information, it is information. |
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lucif (OP)
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Activity: 462
Merit: 250
Clown prophet
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January 22, 2013, 08:33:20 AM |
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The order book always was super-minor indicator for me. It doesn't show funds which "hide and wait". I sure they overwhelm order book funds more than 100%. Because always were the huge walls appearing from nowhere at place where nobody expect them.
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The Fool
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January 22, 2013, 08:48:14 AM |
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Yes, the orderbook does not encompass the sentiment of the entire market. It does indicate some since there is a cost associated with putting funds on it. Even intentional manipulation of the data can be used as an indicator.
Again, using only a single indicator--including the orderbook--is not a safe way to trade. All data should be considered.
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