lucif (OP)
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Clown prophet
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May 02, 2013, 08:12:54 AM |
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Im in vacation =) will be out for sometime. Retest of broken tripple bottom. Bearish.  |
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lucif (OP)
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Activity: 462
Merit: 250
Clown prophet
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May 02, 2013, 04:28:06 PM |
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On track [preferred]  On track  One of daily candidates  Another, more brutal candidate  |
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SkRRJyTC
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May 02, 2013, 06:07:13 PM |
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Beautiful lucif.
Just beautiful.
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robocoin
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May 02, 2013, 08:42:17 PM |
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Beautiful lucif.
Just beautiful.
agreed |
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Jaroslaw
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supernode
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May 02, 2013, 08:43:58 PM |
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i love your predictions always makes money on them
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Odalv
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May 02, 2013, 08:50:50 PM |
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i love your predictions always makes money on them
me too (doing opposite) |
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BrightAnarchist
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May 03, 2013, 02:48:26 PM
Last edit: May 03, 2013, 04:05:23 PM by BrightAnarchist |
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Bitcoin, gold and silver are following the script perfectly, but apparently the stock and bond bubbles have yet to get the message Can't wait until mid next week when these stupid positive seasonals finally burn out. Then good times will be had by all  |
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waveaddict
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May 03, 2013, 07:43:44 PM |
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Bitcoin, gold and silver are following the script perfectly, but apparently the stock and bond bubbles have yet to get the message Can't wait until mid next week when these stupid positive seasonals finally burn out. Then good times will be had by all Keep an eye on the Japanese yen and the many yen carry trades to help gauge risk-sentiment. Unless these begin unwinding, equity markets are probably heading higher. Remember, "markets can remain irrational longer than you can remain solvent." (Keynes) But yes, I could easily see a reversal sooner rather than later. It would make sense after the monster run from this past winter. |
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SAQ
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May 03, 2013, 08:14:36 PM |
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I find it curious that there is a correlation between stocks and bitcoins. I guess that means people use bitcoins mostly as an investment.
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myself
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chaos is fun...…damental :)
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May 03, 2013, 08:16:02 PM |
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I find it curious that there is a correlation between stocks and bitcoins. I guess that means people use bitcoins mostly as an investment.
for the same reason markets are crap on September |
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)
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Clown prophet
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May 05, 2013, 11:09:21 AM |
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My favorite under development  One of daily candidates |
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Its About Sharing
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Antifragile
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May 05, 2013, 11:32:57 AM |
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Lucif,
So, the symmetrical triangle breaks down in 1.5 or so weeks? Well, the problem with this type of forecasting, is that we are living in a world where currencies are collapsing, wars are in the wings, gold is being suppressed (paper naked shorts, "leasing" of reserves by Bullion banks,etc. ), and just a lot of uncertainty in general.
Now, I'm not saying you are wrong. But, the reason BTC is even where it is at is because of the global uncertainty. And yes, I use TA as well, but if we put too much reliance on it, then when news hits, BOOM - one way or the other. If another Cypress like event happens (and it will, just a matter of time, weeks, maybe months) then the price of BTC will break through past highs (which was probably driven by Cypress in large part).
Again, I'm not knocking the chart analysis, but just want to point out that anything longer than extremely short term predictions in this market is risky.
I almost feel like we need to have a strong hold of BTC that we just don't touch and then another "flexible hold" that we can try to trade with, with the intention of increasing.
But, I will keep an eye on that triangle! Thx,
IAS
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BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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xorglub
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May 05, 2013, 11:38:39 AM |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
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elux
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May 05, 2013, 11:41:42 AM |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
Lucif "always" bets on red.  |
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Its About Sharing
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Antifragile
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May 05, 2013, 11:41:46 AM |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
Because it was created out of the plunge down. If it was on the way up, then reverse it. But I'm not sure these things are written in stone. Lots of manipulation going on for sure. |
BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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Its About Sharing
Legendary
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Activity: 1442
Merit: 1000
Antifragile
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May 05, 2013, 11:42:01 AM |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
Lucif "always" bets on red. Think it's in the name?  |
BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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lucif (OP)
Sr. Member
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Activity: 462
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Clown prophet
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May 05, 2013, 12:14:47 PM |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
It is much lower than 260 top, and break above 170 is very unlikely according to daily and weekly bollinger bands and standard deviations. So i conclude price will go sideways in 90-160 range forming triangle like that. It can develop up to end of June. As long as triangle is closer to 50 low rather than 260 high, I conclude it shows the correction after 50 low, not the 260 high. And because it shows correction from 50 low, the break will probably go down. 50 will be likely broken I think after few months. |
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xorglub
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May 05, 2013, 12:18:52 PM |
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Ok, thanks for the explanation !
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smoothie
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LEALANA Bitcoin Grim Reaper
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May 05, 2013, 01:44:05 PM |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
It is much lower than 260 top, and break above 170 is very unlikely according to daily and weekly bollinger bands and standard deviations. So i conclude price will go sideways in 90-160 range forming triangle like that. It can develop up to end of June. As long as triangle is closer to 50 low rather than 260 high, I conclude it shows the correction after 50 low, not the 260 high. And because it shows correction from 50 low, the break will probably go down. 50 will be likely broken I think after few months. with all these new chinese people getting into bitcoin...i disagree. $50 was the bottom. |
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arepo
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this statement is false
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May 05, 2013, 08:08:30 PM |
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Lucif, I agree with the symmetrical triangle. But what makes you think it will break down and not up ?
It is much lower than 260 top, and break above 170 is very unlikely according to daily and weekly bollinger bands and standard deviations. So i conclude price will go sideways in 90-160 range forming triangle like that. It can develop up to end of June. As long as triangle is closer to 50 low rather than 260 high, I conclude it shows the correction after 50 low, not the 260 high. i see the massive triangle consolidation pattern, but if you 'zoom out' it looks more like a bullish wedge. would you say an upwards breakout is possible? |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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