Tzupy
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September 12, 2015, 04:39:26 PM |
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On OKCoin and BTCChina the 12h PSAR just flipped to bearish. On Bitstamp and BTC-E it had flipped several days ago.
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Sometimes, if it looks too bullish, it's actually bearish
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Afrikoin
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Activity: 1540
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alan watts is all you need
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September 12, 2015, 05:17:37 PM |
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@oda.krell: it may look less severe than the previous one because the moves take longer. How severe it will be we'll only know when hitting major bottoms.
I guess I was a bit sloppy in how I phrased it... I meant it is "less severe" in a certain (well defined) sense: the rate of decline is lower than the rate of decline of the previous one. But of course, in absolute terms, it could be seen as "more severe", since it would mean that price might make a new LL if it turns out to hold. Both of you are right. One possible reason for decline in 'rate of fall' would a measure sentiment ie longer periods of indecision are now required to convince masses to buy (or sell). Perhaps implying we are close to the bottom as it is increasingly taking longer to convince people to let go of their coins. |
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hdbuck
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Activity: 1260
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September 15, 2015, 05:39:28 AM |
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reversed cup & handle?
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Wexlike
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September 15, 2015, 09:37:35 PM |
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 Looks more like a forming head and shoulders to me. |
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masterluc (OP)
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September 17, 2015, 06:21:31 AM |
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Daily ma1400 aka weekly ma200  |
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davidorentol
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September 17, 2015, 07:19:01 AM
Last edit: September 17, 2015, 08:43:13 AM by davidorentol |
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what does it mean?
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klee
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Activity: 1498
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September 17, 2015, 07:34:04 AM |
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Do you think it is broken? It seems so..
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L0uis
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September 17, 2015, 08:10:51 AM |
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It already acts as upwards resistance..
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klee
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Activity: 1498
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September 17, 2015, 08:17:11 AM |
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It already acts as upwards resistance..
That's my view too, maybe a zoom could help. |
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8up
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September 17, 2015, 08:18:20 AM |
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Very likely down it goes. On the other hand, last month looks like a fractal of jan/feb -> endless sideways!
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Always wrong until not.
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Afrikoin
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alan watts is all you need
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September 17, 2015, 09:47:04 AM |
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Looks like support turned resistance
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BldSwtTrs
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September 17, 2015, 10:25:09 AM |
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Yes but it's a rising resistance
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Afrikoin
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alan watts is all you need
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September 17, 2015, 10:40:10 AM |
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Yes but it's a rising resistance
so was the one at 3-4 on luc's chart |
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klee
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September 17, 2015, 10:43:54 AM |
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Yes but it's a rising resistance
Good point. Closing above this would be a buy. |
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masterluc (OP)
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September 17, 2015, 11:43:32 AM |
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It means it is very strong
Not broken yet
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8up
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September 17, 2015, 02:08:36 PM |
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Not so sure about "more down" after looking at this... Maybe we'll see a little break out (like in May) and annoying stability afterwards!?  |
Always wrong until not.
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Afrikoin
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alan watts is all you need
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September 17, 2015, 02:39:35 PM |
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Perhaps. I had thought of this too as a possibility. But then, i thought to myself it would be too obvious a pattern, thus, might act differently ie decisive  |
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masterluc (OP)
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September 17, 2015, 02:40:54 PM |
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Yep, it's a horizontal chanel
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klee
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September 17, 2015, 05:50:09 PM |
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It means it is very strong
Not broken yet
At BTCWisdom is very well broken and we are still below - in fact we only touched it with a spike.... |
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fortif78
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September 17, 2015, 05:54:17 PM |
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It means it is very strong
Not broken yet
At BTCWisdom is very well broken and we are still below - in fact we only touched it with a spike.... Though last week's bar did close below, I wouldn't call a support line of that magnitude broken until this week confirms it. |
"In the land of the blind, the man with one eye is king."
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