empowering
Legendary
 Offline
Activity: 1078
Merit: 1441
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February 07, 2014, 02:57:45 PM |
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Don't you realize this is all shit ?
Bitcoin is a bubble. The end is near ! why the price is not at 1500$ ?? uh ??
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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February 07, 2014, 02:59:49 PM |
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didn't quite reach my bids. hope that wasn't my last chance to buy low!
Still a breddy gud price on stamp now i'd say How in the heck is $730 a good price? It's a whopping 18% above the bottom of $619 just a few hours ago. That's ridiculous. It's further from the bottom than it is from where it fell from, during a downtrend. Last time when it crashed to 380-450, the 630-650 was still a damn good price to buy That was the initial crash, which is always a huge trading opportunity. During that time the long TA indicators are still pointing upwards. Now they are downwards, indicating that this is likely the first step of a downtrend. i kinda agree, the only question is, at what point shall we short back? 780? Short back Western Union, Paypal? Now is as good a time as any. |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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February 07, 2014, 03:00:16 PM |
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[snip]
+1 Best analysis I've seen all day Can anyone explain what this chart shows / predicts to us plebs? It shows pretty much nothing. Or at least not what TERA thinks it shows. It's a weekly MACD crossover. Problem is, at that time frame the MACD is so lagging that, if you look at the actual chart, if you would have sold at the crossover of the 1w MACD back then (probably at around 100 to 110), you better had been on your toes because price never went long below 70 again, and the MACD was still in deep red territory as the price went back to 150! tl;dr Don't rely on a single indicator, especially not if it moves at the speed of molasses |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 07, 2014, 03:02:18 PM |
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TERA
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February 07, 2014, 03:07:51 PM |
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[snip]
+1 Best analysis I've seen all day Can anyone explain what this chart shows / predicts to us plebs? It shows pretty much nothing. Or at least not what TERA thinks it shows. It's a weekly MACD crossover. Problem is, at that time frame the MACD is so lagging that, if you look at the actual chart, if you would have sold at the crossover of the 1w MACD back then (probably at around 100 to 110), you better had been on your toes because price never went long below 70 again, and the MACD was still in deep red territory as the price went back to 150! tl;dr Don't rely on a single indicator, especially not if it moves at the speed of molasses I don't use the really long indicators as buy or sell signals either. Rather, they are more like dont-buy and dont-sell indicators. I will have already used a shorter indicator to buy or sell already by the time it has happened. However, what the long indicator does tell me, is, that there is no rush to buy back in right here, right around the time that is crossed and the area that it crossed - this is a resistance level now. I should look for a lower price using a shorter indicator. |
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avral
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February 07, 2014, 03:48:31 PM |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 07, 2014, 04:02:17 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 07, 2014, 04:04:48 PM |
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now that all the non-believers are gone we are free to move the price to a new ATH?
yup, i think so!
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pietje
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February 07, 2014, 04:06:09 PM |
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Ok, so this was the final capitulation all the bears where talking about? Glad to have it over with, not that bad. Lets go to the next ATH now  |
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Dalmar
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February 07, 2014, 04:07:21 PM |
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Unlikely it is completely over, sideways/downtrend will continue for some time.
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Ivanhoe
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February 07, 2014, 04:08:08 PM |
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TERA
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February 07, 2014, 04:09:16 PM |
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now that all the non-believers are gone we are free to move the price to a new ATH?
yup, i think so!
Ok, so this was the final capitulation all the bears where talking about? Glad to have it over with, not that bad. Lets go to the next ATH now  |
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magicmexican
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February 07, 2014, 04:13:34 PM |
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^ I dig your confidence, given how it worked out the last time
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 07, 2014, 04:14:57 PM |
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bears....
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scorp1618
Newbie
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Activity: 27
Merit: 0
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February 07, 2014, 04:15:16 PM |
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mah87
Donator
Hero Member
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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February 07, 2014, 04:19:54 PM |
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Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice ! |
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TakeTheSkyRoad
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February 07, 2014, 04:25:00 PM |
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Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice ! My tea leaves predict a future which includes double bottom pics, trains photoshopped to rockets and charts edited in paint fit for any abstract art gallery. Anything else is too uncertain  Edit : Oh & hodl.... lots of hodl... like a chant to the stars & gods of bitcoin themselves ! |
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bull1692
Newbie
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Activity: 27
Merit: 0
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February 07, 2014, 04:28:57 PM |
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mah87
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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February 07, 2014, 04:30:40 PM |
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Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice ! My tea leaves predict a future which includes double bottom pics, trains photoshopped to rockets and charts edited in paint fit for any abstract art gallery. Anything else is too uncertain Edit : Oh & hodl.... lots of hodl... like a chant to the stars & gods of bitcoin themselves ! I'm reading tea leaves since 5years and I'm not appointed , this is really useful. |
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scorp1618
Newbie
Offline
Activity: 27
Merit: 0
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February 07, 2014, 04:30:51 PM |
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Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice ! You mad? Whatever you want to call it I make a living off of it. |
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