theonewhowaskazu
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February 23, 2014, 04:53:53 PM |
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what is Hard to understand here ? there is nothing personal when tracking the price and try to make some profit of it, you are the only one taking things personally here.
Draw the last chart with a slightly shorter time per candle please.
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Holliday
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Activity: 1120
Merit: 1012
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February 23, 2014, 04:54:15 PM |
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gosh, you are never tired right. look at this chart and explain to me how bullish this looks to you (4h chart BTW) now look to this chart, this will explain to you how traders change their postions from bearish to bullish and make some profit (1h chart BTW) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FARP89wm.png&t=665&c=0g9Uon77et39ww) and look at this (3d chart BTW) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FLABBWGo.png&t=665&c=v6quUdvvAPgm-g) what is Hard to understand here ? there is nothing personal when tracking the price and try to make some profit of it, you are the only one taking things personally here. Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
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theonewhowaskazu
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February 23, 2014, 04:59:14 PM |
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Now to be fair, even though the indicator lags a BIT, even if you dont cheat and draw the lines perpendicularly, it still works fairly well.
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billyjoeallen
Legendary
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Merit: 1007
Hide your women
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February 23, 2014, 05:03:06 PM |
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The second bottom formed at $530. I called it and made money buying back in three times so far. If the level is tested again, I'll have three times as much fiat to defend it. I can't lose. If it goes down to that level again, I get my coins back on the cheap. If it keeps sinking, I buy even MOAR. If it goes up from here, Then I guess I can spend my fiat on hookers and blow. The point is I didn't get in a position where I could do this if I didn't BUY AND HOLD for a couple of years.
Ya gots ta pay yer dues, Boys and Girls.
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greenlion
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2014, 05:05:08 PM |
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Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
EMA indicators always lag price movement, because the price movement has to happen in order to register in the indicator's arithmetic. That's totally normal, TA is not precognition, it's reacting to what the graph actually does. These indicators are astonishingly accurate against Bitcoin price movements in a way that you don't normally see with other asset classes.
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hdbuck
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Activity: 1260
Merit: 1002
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February 23, 2014, 05:07:02 PM |
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+1000 really appreciate your figs bro ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) simple, clear and undebatable. people who dont shotr should not be allowed in this thread anymore. sick of those permabull fools It is now mandatory to short? wtf get outta here... can we not all agree that people trade, and invest with different goals, budgets, strategy, timescales, lifestyles? who the hell is anyone to tell anyone else how to trade? if you want to short, short, if you want to hodl , hodl... pretty simple what i was implying is that not even a month ago, those permabull kept on insulting and beeing irrational retarded toward people such as fonzie who claimed they would short. if you cant understand that and being polite, be my guest and gtfo
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 23, 2014, 05:07:33 PM |
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I have some $ there too, and I'm not buying because, well, how can I sleep knowing I am holding BTC at the moment...
How can you sleep knowing you are getting poorer every second, and your rescue is riding away into the sky?
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flynn
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2014, 05:10:22 PM |
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These arrows aren't quite vertical. Makes it easier to predict the future in these conditions ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Forget that, Holiday nailed it anyway
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mmitech
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things you own end up owning you
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February 23, 2014, 05:10:35 PM |
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Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive... and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here
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mmitech
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Merit: 1001
things you own end up owning you
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February 23, 2014, 05:13:57 PM |
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These arrows aren't quite vertical. Makes it easier to predict the future in these conditions ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) also the buy bottoms and sell tops weren't accurate, just saying, I was explaining how trading works, nothing so technical there.
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fluidjax
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2014, 05:14:55 PM |
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1day Moving Averages are crossing for a buy signal. 1hour Moving Averages are crossing for a sell signal. We also crossed the 200Day EMA a couple of days back, which might be an indicator that the bear market is over.
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oda.krell
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February 23, 2014, 05:16:50 PM |
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The second bottom formed at $530. I called it and made money buying back in three times so far. If the level is tested again, I'll have three times as much fiat to defend it. I can't lose. If it goes down to that level again, I get my coins back on the cheap. If it keeps sinking, I buy even MOAR. If it goes up from here, Then I guess I can spend my fiat on hookers and blow. The point is I didn't get in a position where I could do this if I didn't BUY AND HOLD for a couple of years.
Ya gots ta pay yer dues, Boys and Girls.
Let me get this straight: When others trade: "RETARDS! HODL!" When you trade: "I called the bottom like a pro, and made a shitload of cash selling and re-buying lower." So, let me think about your advice to simply buy&hold a bit longer... hm, no thanks. I think I'll pass.
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mmitech
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things you own end up owning you
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February 23, 2014, 05:18:24 PM |
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1day Moving Averages are crossing for a buy signal. 1hour Moving Averages are crossing for a sell signal. We also crossed the 200Day EMA a couple of days back, which might be an indicator that the bear market is over.
to be honest, sometimes I think people doesn't even read previous posts, I am not implying that I know things but I am reminding you people this is the Speculation sub-forum dont be so offended with predictions...
Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this? something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop. only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit.. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbQhOOgy.png&t=665&c=uCSMPYbU8BOvHQ)
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 23, 2014, 05:19:25 PM |
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and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my posts was just a reminder that this is the speculation thread, no need to attack other people, I him attacking other members and calling his mom names (only teenagers does that)...... so you are missing my point here
The guy said we were going below 500 and we shot up like a rocket! If he wants to be a credit to his mother, he should have made the right call. You want etiquette or do you want accurate analysis? I know a shitload of poor people who are polite as hell. They have to be.
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Holliday
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Activity: 1120
Merit: 1012
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February 23, 2014, 05:20:22 PM |
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Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive... and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here Your average is positive in fiat or bitcoins? Yeah, I didn't miss your point. I was more interested in the chart. I don't need a reminder that the internet is full of trolls! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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fluidjax
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2014, 05:21:37 PM |
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1day Moving Averages are crossing for a buy signal. 1hour Moving Averages are crossing for a sell signal. We also crossed the 200Day EMA a couple of days back, which might be an indicator that the bear market is over.
to be honest, sometimes I think people doesn't even read previous posts, I am not implying that I know things but I am reminding you people this is the Speculation sub-forum dont be so offended with predictions...
Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this? something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop. only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit.. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbQhOOgy.png&t=665&c=uCSMPYbU8BOvHQ) Lighten up, I saw your TA and thought I'd do a little of my own, I didn't even mention you.
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mmitech
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Activity: 1148
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things you own end up owning you
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February 23, 2014, 05:23:06 PM |
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and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my posts was just a reminder that this is the speculation thread, no need to attack other people, I him attacking other members and calling his mom names (only teenagers does that)...... so you are missing my point here
The guy said we were going below 500 and we shot up like a rocket! If he wants to be a credit to his mother, he should have made the right call. You want etiquette or do you want accurate analysis? I know a shitload of poor people who are polite as hell. They have to be. did he give you an ETA ? nope I don't think so..... even though, how old are you anyway ? trashing members is something acceptable ? do you raise your kids (if you have any) this way ?
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empowering
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February 23, 2014, 05:23:51 PM |
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+1000 really appreciate your figs bro ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) simple, clear and undebatable. people who dont shotr should not be allowed in this thread anymore. sick of those permabull fools It is now mandatory to short? wtf get outta here... can we not all agree that people trade, and invest with different goals, budgets, strategy, timescales, lifestyles? who the hell is anyone to tell anyone else how to trade? if you want to short, short, if you want to hodl , hodl... pretty simple what i was implying is that not even a month ago, those permabull kept on insulting and beeing irrational retarded toward people such as fonzie who claimed they would short. if you cant understand that and being polite, be my guest and gtfo Yah... okies no offence intended.... the line "wtf get outta here" was intended in a "what you talking about Willis?" type fashion... think Arnold from different strokes.... maybe I sould have included a : ) However.... just want to point out that you are saying that people were against Fonzie because he wanted to short? nope sorry... people against Fonzie because he was behaving like a borish troll of the very worst kind....with no contribution, and basically wishing with glee that people lost their shirts, nothing against people that want to short, nor hodl , I just think it is better if people come with some substance some debate, some info, something to say other than the whole "you must trade like me or you are doing it wrong , my way is better than yours, or if you a a perma bull or hodlr you are an asshole , or if you are a short you are wrong and evil" crap.......... is just that.... crap..... BS and noise. Fact is everyone has different goals, budgets, time, lifestlye etc and so for some people trading and shorting the market will work, if they are adept, and for others it will not. For some people hodling and buying dips is their preffered method etc etc... Your post suggested that any perma bulls hodlrs be "not allowed to post" which is a tad daft to me... Let people do as they will, and if they want to actually be taken seriously, then contribute with analysis and TA or discussion , ideas , thoughts, strategy etc because I am as sick of the perma bears as you are of the perma bulls, and I am as equally sick of the "who has got the biggest dick competition" which is basically all that has been on this forum for pages and pages... my way is better than yours .... around and around in never ending circle .. like toddlers argiung about who has got the best mom.
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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February 23, 2014, 05:24:39 PM |
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1day Moving Averages are crossing for a buy signal. 1hour Moving Averages are crossing for a sell signal. We also crossed the 200Day EMA a couple of days back, which might be an indicator that the bear market is over.
to be honest, sometimes I think people doesn't even read previous posts, I am not implying that I know things but I am reminding you people this is the Speculation sub-forum dont be so offended with predictions...
Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this? something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop. only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit.. Lighten up, I saw your TA and thought I'd do a little of my own, I didn't even mention you. sorry, I didn't mean any disrespect ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 23, 2014, 05:28:47 PM |
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Funny, not heard from her in a while. Perhaps she is dangling from a rope in some attic somewhere?
You, sir, are the Hannibal Lecter of Bitcoin.
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