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Author Topic: You shall not pass 27  (Read 2514 times)
ElectricMucus
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February 01, 2013, 12:11:13 PM
 #1



just made this, what do you think?
last line of defence for the bears.
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February 01, 2013, 01:04:21 PM
 #2

u must be trolling Huh Huh Huh

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February 01, 2013, 01:14:03 PM
 #3

You might as well be reading tea leaves.
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February 01, 2013, 01:23:02 PM
 #4


interesting
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February 01, 2013, 01:26:05 PM
 #5

Different market, traders and market cap and it was a hack that made the peak= no reason that this pattern from a year and a half should repeat!
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February 01, 2013, 01:32:37 PM
 #6

You might as well be reading tea leaves.

Yes, but tell that to the lemmings following the blue guy.

I did the same thing just less complicated. Wink
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February 01, 2013, 01:37:35 PM
 #7

Different market, traders and market cap and it was a hack that made the peak= no reason that this pattern from a year and a half should repeat!

The hack was after the peak, this is fully valid. (As valid as a non-backtested trading channel chart can be anyway)
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February 01, 2013, 01:59:44 PM
 #8

Amateur! Clearly we are headed for $20

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February 01, 2013, 02:27:32 PM
 #9

Amateur! Clearly we are headed for $20



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February 01, 2013, 03:07:22 PM
 #10

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February 01, 2013, 10:32:39 PM
 #11



FTFY

width=800 is your friend, although your text is tiny

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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February 01, 2013, 11:25:22 PM
 #12

guess he's a guy rich with screen pixels  Cheesy

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February 02, 2013, 12:31:52 AM
 #13


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February 02, 2013, 01:22:38 AM
 #14

Unless you really think we're going to see negative prices by 2015, stop drawing straight lines on a linear chart. Roll Eyes

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01BTC10
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February 02, 2013, 01:30:26 AM
 #15


The official Bitcoin oracle.
ElectricMucus
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February 02, 2013, 11:30:43 AM
 #16

Unless you really think we're going to see negative prices by 2015, stop drawing straight lines on a linear chart. Roll Eyes

The same old argument.
They are meant to be broken, but they work better than straight lines on a logarithmic chart.

BTW, it seems that the line we are currently at happens to show more resistance than I assumed. I wouldn't be surprised if we crash to 15.... That said I don't even think that it has any predictive power whatsoever, it is just that people come to similar conclusions (or follow the blue guy). This group behaviour then actually makes those charts become true.
The simpler the pattern is the more likely it is to be followed since more people will recognize it and act accordingly.
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