Bitcoin Forum
December 10, 2016, 10:40:08 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: Bitcoin Forecast: What do you expect BTC/USD prices to do in the next 4 weeks?
Up
Down
Same as now
I don't know

Pages: « 1 ... 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 [90] 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 ... 157 »
  Print  
Author Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?  (Read 510068 times)
Mushoz
Hero Member
*****
Offline Offline

Activity: 686


Bitbuy


View Profile WWW
January 05, 2012, 09:41:00 PM
 #1781

Thanks - here is the corrected link:





Help a guy who's learning tech analysis (albeit slowly) -- This means the downtrend was broken and further upside is possible?

It's not really a trend, because it's over such a small timescale. It's the current resistance preventing the price from rising. Usually once you pass the resistance, the price quickly rises to the next resistance level, which is usually quite a bit higher, thus creating spikes. It works the same way in reverse when support gets broken.

Edit: I'm a complete beginner when it comes to technical analysis as well :p Just find it interesting, just like you, and this is how I understand it roughly works. Please someone correct me if I'm wrong ^^

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481409608
Hero Member
*
Offline Offline

Posts: 1481409608

View Profile Personal Message (Offline)

Ignore
1481409608
Reply with quote  #2

1481409608
Report to moderator
1481409608
Hero Member
*
Offline Offline

Posts: 1481409608

View Profile Personal Message (Offline)

Ignore
1481409608
Reply with quote  #2

1481409608
Report to moderator
zby
Legendary
*
Offline Offline

Activity: 1431


View Profile
January 05, 2012, 10:05:52 PM
 #1782

My amateur technical analysis (while waiting for the *real one* Smiley:



And I made it before receiving the newsletter!
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 08, 2012, 07:55:09 PM
 #1783

Here the bitcoin technical analysis answer on those people in the media  who called bitcoin death just some weeks ago.

You can discuss in the blog here



>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
zby
Legendary
*
Offline Offline

Activity: 1431


View Profile
January 08, 2012, 10:48:01 PM
 #1784

But that's old news - what about the today's triangle?
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 09, 2012, 08:05:07 PM
 #1785

But that's old news - what about the today's triangle?

it was not a right triangle, and it turned out to develop into a flat correction. 5.8 - 6 $ is good support

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
Mushoz
Hero Member
*****
Offline Offline

Activity: 686


Bitbuy


View Profile WWW
January 09, 2012, 08:19:38 PM
 #1786

But that's old news - what about the today's triangle?

it was not a right triangle, and it turned out to develop into a flat correction. 5.8 - 6 $ is good support

How did you know it wasn't a triangle formation? I find it really hard to judge whether a price formation is forming a triangle or not. Obviously with some lines, it was quite easy to draw an ascending triangle, but why did you know it wasn't a correct one? I'm curious how you judge whether something is a triangle or not. Did you see this short-term correction coming? Thanks!

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
rebuilder
Legendary
*
Offline Offline

Activity: 1618



View Profile
January 09, 2012, 08:21:50 PM
 #1787

How did you know it wasn't a triangle formation?

Because it developed into a correction?

Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
Mushoz
Hero Member
*****
Offline Offline

Activity: 686


Bitbuy


View Profile WWW
January 09, 2012, 08:25:36 PM
 #1788

How did you know it wasn't a triangle formation?

Because it developed into a correction?

Yeah, but that was after the fact. I am wondering whether he knew it wasn't a correct triangle before it was invalidated by the push down. And whether he knew this short-term correction was coming.

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 09, 2012, 09:17:10 PM
 #1789

But that's old news - what about the today's triangle?

it was not a right triangle, and it turned out to develop into a flat correction. 5.8 - 6 $ is good support

How did you know it wasn't a triangle formation? I find it really hard to judge whether a price formation is forming a triangle or not. Obviously with some lines, it was quite easy to draw an ascending triangle, but why did you know it wasn't a correct one? I'm curious how you judge whether something is a triangle or not. Did you see this short-term correction coming? Thanks!

Initially I thought it could be another triangle, but with triangles, I always want to see proper a, b, and c waves and then d and e need to be in line as well.
It started with a proper a and b, but then it was invalidated as wave c did go above the high of wave b, which is not allowed. This was on Jan 8 at around 4 PM, then I knew it will not be a proper triangle.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
ArsenShnurkov
Legendary
*
Offline Offline

Activity: 1386



View Profile
January 09, 2012, 09:48:53 PM
 #1790

Yeah, but that was after the fact.

S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 09, 2012, 09:58:11 PM
 #1791

Triangles are indeed fun.. , because if the triangle interpretation is correct, then it is a great and easy way to trade.

But what if it is not a triangle.

It is always good to check for alternate possibilities. Then listing all possibilities and trying to determine the most likely one. Just looking at one option often leads to failure.

As an example, here is the alternative possibility to the above triangle option. I prefer the below option to the triangle above does not conform to all the rules



If this was correct, we would soon see a rally in wave (iii)


>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
Mushoz
Hero Member
*****
Offline Offline

Activity: 686


Bitbuy


View Profile WWW
January 09, 2012, 10:01:31 PM
 #1792

To which rules does the above triangle not conform? Do you happen to know any articles which describe how to draw proper triangles, and to what rules they should conform? Thanks! Technical analysis has been a great learning experience so far Smiley

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 09, 2012, 10:11:49 PM
 #1793

http://www.tradersedgeindia.com/elliott_wave_theory.htm#triangle

http://www.wavaholic.com/2010/01/elliott-wave-rules-and-guidelines.html

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
ArsenShnurkov
Legendary
*
Offline Offline

Activity: 1386



View Profile
January 09, 2012, 10:12:22 PM
 #1794

As an example, here is the alternative possibility

Anyone can draw possibilities...



... especially, then drawings reflects their position

The picture is inspired by the early results of this poll - https://bitcointalk.org/index.php?topic=57324.0
BrightAnarchist
Donator
Legendary
*
Offline Offline

Activity: 853



View Profile
January 09, 2012, 10:26:28 PM
 #1795

Hey anyone thought of the potential that we're in a large B wave and that we'll ultimately hit new lows (below $2) before the next major wave 3 that takes us above $32?

I lean more towards the idea that's we're starting wave 3 up, but I think the alternative is definitely possible. I hope for the alternative since then I can accumulate more coins Wink
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
January 09, 2012, 10:38:36 PM
 #1796

Hey anyone thought of the potential that we're in a large B wave and that we'll ultimately hit new lows (below $2) before the next major wave 3 that takes us above $32?

I lean more towards the idea that's we're starting wave 3 up, but I think the alternative is definitely possible. I hope for the alternative since then I can accumulate more coins Wink


why don't you ask your Dad? Cheesy

seriously, I think he should do a more technical piece on Bitcoin; a full Elliott Wave Theory analysis.

anyways, i don't think we test $2 ever again.  we already had a classic double/triple bottom that lasted over a month at the bottom of a classic descending wedge that lasted 4 months.  i can clearly count 3 waves down from June which indicates a correction.  the intensity and strength of this upward move to 7.2 has been too strong and cleared way too many resistance levels for this to be retraced all the way back to the bottom.  we are in wave 3 UP and ain't coming back.

this analysis fits extremely well with the fundamentals of whats been happening in the community (Bitcoinica advent) as well and an oversold sentiment that was extremely negative.  everyone thought it was the end.

we just only finished minor wave 1 of 5 of major wave 3 with this move to 7.2.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 09, 2012, 11:04:01 PM
 #1797

why don't you ask your Dad? Cheesy

seriously, I think he should do a more technical piece on Bitcoin; a full Elliott Wave Theory analysis.

this. 

(BFL)^2 < 0
beckspace
Sr. Member
****
Offline Offline

Activity: 385


Aimed at Jupiter


View Profile
January 09, 2012, 11:41:48 PM
 #1798

we just only finished minor wave 1 of 5 of major wave 3 with this move to 7.2.


"I think it's the waves inside a big wave inside the dream within the Matrix inside a dream."

My understanding of Elliot Wave Analisys so far resembles South Park's Insheeption: A Dream Within a Dream - Season 14 Episode 10. It's so complex cool. I guess I'm not smart enough.  Tongue

"Oh well, just keep mining!"


http://www.southparkstudios.com/full-episodes/s14e10-insheeption (14m08s)

You guys have really come up with somethin'
Crypt_Current
Hero Member
*****
Offline Offline

Activity: 686


Shame on everything; regret nothing.


View Profile
January 09, 2012, 11:42:48 PM
 #1799

we just only finished minor wave 1 of 5 of major wave 3 with this move to 7.2.


"I think it's the waves inside a big wave inside the dream within the Matrix inside a dream."

My understanding of Elliot Wave Analisys so far resembles South Park's Insheeption: A Dream Within a Dream - Season 14 Episode 10. It's so complex cool. I guess I'm not smart enough.  Tongue

"Oh well, just keep mining!"


http://www.southparkstudios.com/full-episodes/s14e10-insheeption (14m08s)


Heh, I see the similarity.

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
bittenbob
Hero Member
*****
Offline Offline

Activity: 560


View Profile
January 09, 2012, 11:53:54 PM
 #1800


Thanks for the info I was just about to look up elliot waves to see what everyone else was talking about. I am on the first article so far and it looks to me like we are at C on the simple correction wave.
Pages: « 1 ... 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 [90] 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 ... 157 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!