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somestranger
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February 21, 2012, 11:46:44 PM |
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Which is a continuation pattern, correct? Which means down, down, down? Weird that I missed it in the update though. Thanks for posting!
Yes and yes (I hope). He hasn't emailed an update yet. I believe this is at least part of the reasoning behind the predictions in his 2/18 update. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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zvs
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https://web.archive.org/web/*/nogleg.com
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February 22, 2012, 04:57:20 PM |
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There are some bots on mtgox continously executing microtrades (often less than 0.01 BTC). Either buying or selling to make sure last price is either to the upside or to the downside of spread. Those may manipulate the charts, depending on how you make them. Will your charts be influenced by such bots, or do you take care to remove those microtrades before generating the charts?
Using a bot to manipulate technical analysis, and play mind games on people making trading decisions just from watching the charts, is a neat trick if it works. :-)
They don't manipulate technical analysis. The spreads are often very tiny, so the price won't change more than a few pips by this strategy. They also don't generate any meaningful volume to influence certain indicators. So they aren't a problem at all. Besides, using technical analysis, bars represent a lot longer time frame than a few seconds, so you won't see the movements caused by those micro trades either.
In fact, the bitcoin market has been quite straightforward to predict over the past 1.5 years - as it displays great "textbook-like" patterns.Do you think Economics professors might use examples from the Bitcoin network in their teachings?  Might be a win-win, since these are such "textbook" patterns. I wonder, what other commodities / markets have shown such textbook-like patterns in the past? not a bad idea. In fact, the triangle I was predicting is currently almost perfectly forming. even though I was predicting it, I could not believe my eyes how mass bitcoin psychology really works so perfectly Which update contains the triangle you're talking about? I can't seem to be able to find it. Or are you talking about the triangle in the attachment, which was send in a separate email on February the 18th? To checking if I'm looking at the correct one  Thanks! Edit: Hmm, wait. That triangle isn't valid anymore. Which triangle are you talking about? Could you help me out please? Thanks! Over the past several days a symmetrical triangle pattern has been forming. Here's my sketch:  looks like it broke out to the upside on your symmetrical triangle pattern bitcoin technical analysis owns, need some more benzos |
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naima53
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February 22, 2012, 05:28:46 PM |
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There are some bots on mtgox continously executing microtrades (often less than 0.01 BTC). Either buying or selling to make sure last price is either to the upside or to the downside of spread. Those may manipulate the charts, depending on how you make them. Will your charts be influenced by such bots, or do you take care to remove those microtrades before generating the charts?
Using a bot to manipulate technical analysis, and play mind games on people making trading decisions just from watching the charts, is a neat trick if it works. :-)
They don't manipulate technical analysis. The spreads are often very tiny, so the price won't change more than a few pips by this strategy. They also don't generate any meaningful volume to influence certain indicators. So they aren't a problem at all. Besides, using technical analysis, bars represent a lot longer time frame than a few seconds, so you won't see the movements caused by those micro trades either.
In fact, the bitcoin market has been quite straightforward to predict over the past 1.5 years - as it displays great "textbook-like" patterns.Do you think Economics professors might use examples from the Bitcoin network in their teachings? Might be a win-win, since these are such "textbook" patterns. I wonder, what other commodities / markets have shown such textbook-like patterns in the past? not a bad idea. In fact, the triangle I was predicting is currently almost perfectly forming. even though I was predicting it, I could not believe my eyes how mass bitcoin psychology really works so perfectly I think many traders follow you - it works. When (if) B is used for the real sector - your predictions will not work well ... Tip: The lower the monthly fee, Promote your services, Promote B as a "currency speculators" and play against your subscribers (gently of course) edit oh, sorry, not translated title is already done ...  |
Donate me) 16f6iWHHkVEnDReeBQPT9GwCNwUfPTXrp2
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S3052 (OP)
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February 22, 2012, 09:15:53 PM |
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We just issued an interim update to subscribers.
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S3052 (OP)
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February 23, 2012, 06:20:32 AM |
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We just issued an interim update to subscribers.
Scenario ii) is the one... |
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S3052 (OP)
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February 23, 2012, 06:26:12 AM |
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The poll is reset again.
What is your view on bitcoin prices over the next weeks?
Up?
Down?
Same as now?
Don't know?
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notme
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February 23, 2012, 06:38:03 AM |
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Don't you think everyone the majority is always going to vote up because that’s what they want to believe?
Edit: meant majority
Right, but when the majority becomes everyone, it becomes contrary. |
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notme
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February 23, 2012, 06:51:20 AM |
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Don't you think everyone the majority is always going to vote up because that’s what they want to believe?
Edit: meant majority
Right, but when the majority becomes everyone, it becomes contrary. Well then, we should all vote down and ride the wave. Good luck controlling everyone. |
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Bro
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February 23, 2012, 11:27:12 AM |
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the indicators indicate that soon something will happen. If by tomorrow it doens't go down, then rally.
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bitcoinBull
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rippleFanatic
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February 23, 2012, 01:57:08 PM |
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the indicators indicate that soon something will happen. If by tomorrow it doens't go down, then rally.
Scenario I) price goes down. Scenario II) price goes up. Forecast fully on track.   |
College of Bucking Bulls Knowledge
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Mushoz
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February 23, 2012, 02:03:37 PM |
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the indicators indicate that soon something will happen. If by tomorrow it doens't go down, then rally.
Scenario I) price goes down. Scenario II) price goes up. Forecast fully on track. More like: Scenario 1) If prices go up past X, the target will be Y. Scenario 2) If prices go back down below A, the target will be B. If that's not useful for you in your trading decisions, then I don't know what is. |
www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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bitcoinBull
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rippleFanatic
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February 23, 2012, 04:19:15 PM |
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the indicators indicate that soon something will happen. If by tomorrow it doens't go down, then rally.
Scenario I) price goes down. Scenario II) price goes up. Forecast fully on track. More like: Scenario 1) If prices go up past X, the target will be Y. Scenario 2) If prices go back down below A, the target will be B. If that's not useful for you in your trading decisions, then I don't know what is. Its more like, "If prices go back down below A, the target will be B (unless price goes back up above X before reaching B)". The last public analysis was a new low below $3.8, unless it rose above $4.8 ("and more importantly $5.5"). Now that we're about $4.8, I suppose the analysis is still "down, unless up (above $5.5)". This isn't against S3052 in particular, who has probably taught this community (myself included) more about technical analysis than anyone. Just an unnecessary comment on the (obvious) uncertainty of technical analysis. Didn't mean to imply that the targets aren't useful. |
College of Bucking Bulls Knowledge
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BTCurious
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February 23, 2012, 06:11:55 PM |
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The recent breakout is the start of a mid-term rally, in which we will see prices of at least $6, and we may even test the $7.2 resistance level. Only a sustained fall beneath $4 will turn this view bearish again.
In other news, I just realized I can post in blue and people will interpret this as S3052's technical analysis, until they realize it's just a random person posting.
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mcorlett
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February 23, 2012, 06:15:24 PM |
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Sell sell sell.
Yours truly,
S3052
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BTCurious
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February 23, 2012, 06:18:30 PM |
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The technical indicators indicate that for every bitcoin sent to the following address, the price of bitcoin will sustainably increase by one bitcent. 1NaNoBitU2q8czqE2y5rEQPj4qcW6K3mFp
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miscreanity
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February 23, 2012, 06:23:05 PM |
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The recent breakout is the start of a mid-term rally, in which we will see prices of at least $6, and we may even test the $7.2 resistance level. Only a sustained fall beneath $4 will turn this view bearish again.
In other news, I just realized I can post in blue and people will interpret this as S3052's technical analysis, until they realize it's just a random person posting.
I just read that as " I can post in blue and purple"... I'm still waiting for a second spike of external flows before fully committing. |
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codymanix
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Activity: 203
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Gir: I'm gonna sing the Doom Song now..
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February 25, 2012, 10:26:59 PM |
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S3052, now after this short rally (Is it already over?), is the danger of another mayor sell-off with huge value droppings still imminent?
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Crypt_Current
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February 25, 2012, 11:08:40 PM |
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S3052, now after this short rally (Is it already over?), is the danger of another mayor sell-off with huge value droppings still imminent?
Depends on your definition of "huge" |
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S3052 (OP)
Legendary
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Activity: 2100
Merit: 1000
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February 26, 2012, 01:33:17 PM |
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Just issued a short term update to subscribers.
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Mushoz
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February 26, 2012, 01:47:56 PM |
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Just issued a short term update to subscribers.
is it just me or is the font on these things really fucking small? Haha, same problem here. I always copy/paste it to word, and enlarge it. And I'm 22 btw. Definitely not due to old eyes. |
www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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