Memespeculation

[spazzdla]

[spazzdla]

[Tzupy]

[The Sceptical Chymist]

Jesus Christ this thread is pure gold.  Love reading the early entries from 2013 during the bubble.  Memes are funny as hell.

[spazzdla]

[worhiper_-_]

https://streamable.com/7zo6

[TERA]

[myself]

soon(tm) https://i.imgur.com/Cs8ynI6.gifv

[abyrnes81]

The best one , I like it!

[TERA]

The best one , I like it!

Back in April-June 2014, I left you guys with these 'extremely bearish charts', which are now 'extremely bullish charts':

There have only been two bubbles in bitcoin.  Bubbles are actually a series of multiple bull-runs (about 4). Inbetween bull-runs are short consolidations and inbetween bubbles are deep prolonged crashes. It's somewhat like EW theory. Every rise in itself is not a "bubble" - this is a misnomer.

Guys I have some bad news for short term speculators. I just got back from the future in my time machine and I managed to take a screenshot of 'wisdom.

This is not a prediction

I'm not trying to be a bear here. In fact I'm currently long and hope that this doesn't happen. However, I couldn't help but share a fractal idea I had in my mind of how, if a downtrend were to resume, it could look like a fractal of the previous downtrend. The theory is as follows:

Notice how, in the Feb-May bear market, there were two sub-crashes, one was the 'gox-crash' from Feb-Mar, and the other was the 'China crash' from late Mar-Apr. Each sub-crash had their own resistance line which branched out from the main resistance line, which had a much lesser slope than the sub-resistance-lines. Each sub-crash then recovered in a weak way which eventually led into the next subcrash.  Finally in May, the whole bear market supposedly ends, but it ends in a weak way.

Now what if, this whole Feb-May bear market, is actually a 'sub-crash' of yet a larger bear market. Feb-May is subcrash one and then in July-October will be subcrash two.  July-October will have its own resistance line similar to the resistance in Feb-May, and both resistance lines will branch off of yet a larger parent resistance line with a lesser slope which spans the entire actual bear market of one year. Finally sometime in 2015 the bear market actually ends as the parent resistance line is broken.

There are two support lines in my chart: one is a line connected to a point starting in late 2012 and another is a line connected all the way back to the 2011 crash bounce/recovery. The Feb-May subcrash finds support against the first support line, which was not about to die without a fight. However, its weak trading action where the line is constantly being tested and there is low volume eventually gives way to it breaking and initiating the July-October subcrash as the weekly ichimoku cloud is breached. The entire bear market eventually finds its support on the original 2011 trendline.





Elliot waves???


Again I'm not saying or hoping that this will happen and it's just an idea for the math brains to think about.

[TQMA]

[willope]

give me a high five

[spazzdla]

[STT]

^^ blesphemy  

Again I'm not saying or hoping that this will happen and it's just an idea for the math brains to think about.

Pretty deep for a meme thread but trends do exist in any natural phenomena.  A free market is liable to trends as human action in total, an economy even is a natural phenomena.    (modern economic teachings argues economies are just political pawns as i understand it)

I dont expect your theory or suggested trend to be proven without many tests first though.   So the drawn straight line is likely to be breached not precisely a marker of the bottom.   The eventual recovery and containment above that upward trend line would then confirm itself.   Usually they have to zoom out to weekly, monthly or quarterly data points to reduce the significance of shorter term noise.

If nothing else, trends are 'noisy' data here because the value of dollar and bitcoin even underlying changes every day.  Dollar obviously has inflated value and bitcoin varies also despite its proposed known total


#myfirstmeme


http://www.zerohedge.com/news/2015-03-27/santelli-stunned-janet-yellen-admits-cash-not-store-value

[BlindMayorBitcorn]

[madonnino]

posted times ago, old but gold

[spazzdla]

[actmyname]

[BlindMayorBitcorn]

[abyrnes81]

Love it