Dervish (OP)
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April 17, 2013, 10:06:55 AM Last edit: April 17, 2013, 01:17:18 PM by Dervish |
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xorglub
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April 17, 2013, 10:12:37 AM |
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This could be a decisive reversal. We'll see...
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NamelessOne
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April 17, 2013, 10:29:39 AM |
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I've been watching that painful down channel for days, finally broken up! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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cedivad
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April 17, 2013, 10:33:22 AM |
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My idea: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVvSjjHK.png&t=665&c=RrnvLKHTe-0h6g) We are not going up. Not yet.
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My anger against what is wrong in the Bitcoin community is productive: Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)Hashfast.org - Wiki for screwed customers
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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April 17, 2013, 10:39:52 AM |
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Crash = bear trap.
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NamelessOne
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April 17, 2013, 10:41:31 AM |
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My idea: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVvSjjHK.png&t=665&c=RrnvLKHTe-0h6g) We are not going up. Not yet. The price was being held down under the down channel upper wall very well. In your chart the price isn't actually hitting the upper line at all for most of the last week. I think your upper line needs to be lower, in which case the price just broke through it.
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cedivad
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April 17, 2013, 10:43:20 AM |
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The price was being held down under the down channel upper wall very well. In your chart the price isn't actually hitting the upper line at all for most of the last week. I think your upper line needs to be lower, in which case the price just broke through it. You are correct, but it could reverse anytime now. It's not a mind blowing breakout, it's a little breakout of little significance. IMO.
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My anger against what is wrong in the Bitcoin community is productive: Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)Hashfast.org - Wiki for screwed customers
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arepo
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this statement is false
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April 17, 2013, 10:44:51 AM |
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30-min PVT says something big is brewing... -===- ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs7.postimg.org%2Fkbgom2rcb%2F5hourpvt.png&t=665&c=wDI0X6U7YsC09g) -===- this is the decisive moment... the only question is -- up or down?
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this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period. 18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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NamelessOne
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April 17, 2013, 10:45:17 AM |
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The price was being held down under the down channel upper wall very well. In your chart the price isn't actually hitting the upper line at all for most of the last week. I think your upper line needs to be lower, in which case the price just broke through it. You are correct, but it could reverse anytime now. It's not a mind blowing breakout, it's a little breakout of little significance. IMO. Yeah, it hasn't been an explosion, but I think it is simply the recovery of confidence slowly building up. We will have to see how it all plays out of course. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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arepo
Sr. Member
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this statement is false
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April 17, 2013, 10:49:58 AM Last edit: April 17, 2013, 11:51:57 AM by arepo |
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to all the newbies drawing trendlines and triangles -- just some tips:
1. you need at least two points of contact. a line is defined by two points so you can draw any line you want about one (this is not rigorous enough, obviously). further, if your line only has two points of contact, it is not as robust as a model that has more.
2. sometimes wicks (shadows) contain outliers. try to imagine the distribution of the data and draw lines accordingly -- it's TA, not connect-the-dots. beware of apophenia. just because you see a pattern doesn't mean it's a proper, predictive, or particularly robust model.
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this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period. 18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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smoothie
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LEALANA Bitcoin Grim Reaper
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April 17, 2013, 11:07:43 AM |
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to all the newbies drawing trendlines and triangles -- just some tips:
1. you need at least two points of contact. a line is defined by two points so you can draw any line you want about one (this is no rigorous enough, obviously). further, if your line only has two points of contact, it is not as robust of a model that has more.
2. sometimes wicks (shadows) contain outliers. try to imagine the distribution of the data and draw lines accordingly -- it's TA, not connect-the-dots. beware of apophenia. just because you see a pattern doesn't mean it's a proper, predictive, or particularly robust model.
+1 LOL so many noobs here ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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phatsphere
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April 17, 2013, 11:44:40 AM |
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1. you need at least two points of contact. …
2. sometimes wicks (shadows) contain outliers. try to imagine the distribution of the data and draw lines accordingly …
… and if you know a bit about models and fitting: i see this as an approximation problem. e.g. take all the max-points for a given sliding and overlapping interval (i.e. "top points") and approximate them via a linear function. (it's also linear if you take the logarithm). then, the residual could be calculated using the L-1 or L-2 norm. L-1 referrs to point 1 of arepo, L-2 is his/her second point. Advanced data fitters might also consider to assign weights to the points, e.g. the last points have an exponentially higher weight than the first ones. e.g. in python/numpy: np.exp(np.linspace(-1, 0, 10)) if you have 10 points. in python's "statsmodesl" it's OLS and WLS. … and if you have more points to fit and want to take outliers into account, look into RLS: http://statsmodels.sourceforge.net/devel/examples/generated/example_rlm.html
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Dervish (OP)
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April 17, 2013, 01:24:11 PM |
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What am I say? 90!
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