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Mushoz
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December 19, 2011, 12:27:14 PM |
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All downward trendlines have been broken when we bounced off almost perfectly of the upward trendline. Prepare for more upside!
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www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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proudhon
Legendary
 Offline
Activity: 2198
Merit: 1311
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December 19, 2011, 12:28:10 PM |
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All downward trendlines have been broken when we bounced off almost perfectly of the upward trendline. Prepare for more upside!
Yes, apparently you're not the only one to notice that. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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December 19, 2011, 12:47:13 PM |
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We _will_ see price movements the coming days. The question is, is whether it's going to be up or down. Personally, as I've explaining before, I believe there's a strong chance of it going up =)
Question answered, Mushoz right, indeedausername wrong. ^^ |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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dancupid
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December 19, 2011, 02:45:12 PM |
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You bulls are about to be disappointed! We won't see any price movement until volume picks up in January. Right now a lot of people are taking a break from speculation.
All you need is a computer (and maybe a bot) - it's not as if people go back to their families and discover they have no internet access. There is no holiday season on the internet. This is not borne out by the record low volumes on bitcoincharts. 100K+btc already today - it certainly made my Christmas happier |
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ineededausername
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December 19, 2011, 02:46:42 PM |
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We _will_ see price movements the coming days. The question is, is whether it's going to be up or down. Personally, as I've explaining before, I believe there's a strong chance of it going up =)
Question answered, Mushoz right, indeedausername wrong. ^^ A pleasant surprise  Gift from Santa Manipulator lol |
(BFL)^2 < 0
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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December 19, 2011, 02:47:37 PM |
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Thank you Santa Manipulator!  |
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S3052 (OP)
Legendary
Offline
Activity: 2100
Merit: 1000
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December 19, 2011, 06:41:04 PM |
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All downward trendlines have been broken when we bounced off almost perfectly of the upward trendline. Prepare for more upside!
correct. As we expressed many times in the subscriber section, the reversal from the 2 $ is very strong and can lead to mid term upside to 13.5 $ (38.2% retrace), 17 $ (50% retrace) and 20.6 $ (61.8% retrace). |
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Hawkix
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December 19, 2011, 06:58:08 PM |
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All downward trendlines have been broken when we bounced off almost perfectly of the upward trendline. Prepare for more upside!
correct. As we expressed many times in the subscriber section, the reversal from the 2 $ is very strong and can lead to mid term upside to 13.5 $ (38.2% retrace), 17 $ (50% retrace) and 20.6 $ (61.8% retrace). For the sake of Bitcoin, I just hope it will not happen. I would prefer steady, slow, continual rise, like 0.1% per day. What we really do not need is another fake bubble. We need time to build services and convince merchant to start using our PRECIOUS BITS. So, please, do not hurry into rally! |
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istar
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December 19, 2011, 07:34:13 PM |
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Another bubble and people would just laugh, its still to early...
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Bitcoins - Because we should not pay to use our money
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S3052 (OP)
Legendary
Offline
Activity: 2100
Merit: 1000
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December 19, 2011, 08:26:09 PM |
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All downward trendlines have been broken when we bounced off almost perfectly of the upward trendline. Prepare for more upside!
correct. As we expressed many times in the subscriber section, the reversal from the 2 $ is very strong and can lead to mid term upside to 13.5 $ (38.2% retrace), 17 $ (50% retrace) and 20.6 $ (61.8% retrace). For the sake of Bitcoin, I just hope it will not happen. I would prefer steady, slow, continual rise, like 0.1% per day. What we really do not need is another fake bubble. We need time to build services and convince merchant to start using our PRECIOUS BITS. So, please, do not hurry into rally!
People also wish for slow, 5-10% appreciation of stocks every year for decades, but it does not happen very often. There are always mini bubbles, medium bubbles and big bubbles on the way. |
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FlipPro
Legendary
Offline
Activity: 1764
Merit: 1015
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December 19, 2011, 08:49:41 PM |
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All downward trendlines have been broken when we bounced off almost perfectly of the upward trendline. Prepare for more upside!
correct. As we expressed many times in the subscriber section, the reversal from the 2 $ is very strong and can lead to mid term upside to 13.5 $ (38.2% retrace), 17 $ (50% retrace) and 20.6 $ (61.8% retrace). For the sake of Bitcoin, I just hope it will not happen. I would prefer steady, slow, continual rise, like 0.1% per day. What we really do not need is another fake bubble. We need time to build services and convince merchant to start using our PRECIOUS BITS. So, please, do not hurry into rally!
People also wish for slow, 5-10% appreciation of stocks every year for decades, but it does not happen very often. There are always mini bubbles, medium bubbles and big bubbles on the way.Excellent point S3052. I really enjoy your analysis, thanks for the work that you do. |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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December 20, 2011, 12:04:24 AM |
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Another bubble and people would just laugh, its still to early...
The second bubble would be different psychologically. After all, bitcoin has survived the first bubble. While that was deflating, a lot of people assumed it would burst bitcoin out of existence. On round 2, most people will probably start speculating at what point the reversal will be and thus the bubble probably wont deflate as far as the first one. It might not even be called a bubble in the end, for exactly that reason. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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netrin
Sr. Member
Offline
Activity: 322
Merit: 251
FirstBits: 168Bc
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December 20, 2011, 01:36:05 AM |
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The fourth wave correction will likely be flat in the triple digits.
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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December 20, 2011, 04:18:36 AM |
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The fourth wave correction will likely be flat in the triple digits.
I'm not sure I know what that means. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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ineededausername
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December 20, 2011, 04:19:05 AM |
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The fourth wave correction will likely be flat in the triple digits.
I'm not sure I know what that means. proudhon, where do you think bitcoin price will be on Jan 1 2012? |
(BFL)^2 < 0
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netrin
Sr. Member
Offline
Activity: 322
Merit: 251
FirstBits: 168Bc
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December 20, 2011, 05:33:03 AM |
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The fourth wave correction will likely be flat in the triple digits.
I'm not sure I know what that means.  Notice November 2010 ( ii) was sharp down, while March 2011 ( iv) was sideways? That's typical. Just as June-December has been fairly sharp ( II zig-zag(s)), IV a year or so from now will likely be sideways, and well over June's $32 high. |
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slush
Legendary
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Activity: 1386
Merit: 1097
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December 23, 2011, 08:25:23 AM |
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Thank you for cool graph, actually I was looking for something like this some time ago. Can you reveal your source for price quotes, please? I'm thinking to add BTC/gold price to Sierrachart as a little hack (downloading btc/usd and gold/usd prices and recombining it to btc/gold graph on the fly), but I didn't find any downloadable quotes for gold. Kitco provides only graphs for free.
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S3052 (OP)
Legendary
Offline
Activity: 2100
Merit: 1000
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December 23, 2011, 08:28:51 AM |
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Thank you for cool graph, actually I was looking for something like this some time ago. Can you reveal your source for price quotes, please? I'm thinking to add BTC/gold price to Sierrachart as a little hack (downloading btc/usd and gold/usd prices and recombining it to btc/gold graph on the fly), but I didn't find any downloadable quotes for gold. Kitco provides only graphs for free.
thanks slush.
Unfortunately, I also do not know how to do this automatically, since I created the chart manually (based on monthly prices).
A while ago, I downloaded some data from yahoo.finance
did you try this yet? |
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