masterluc (OP)
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November 02, 2015, 04:23:27 PM |
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Correlation is obvious, but underruns 1-2 weeks as I noticed. I.e. gold starts a noticeable drop/rise and bitcoin does the same after 1-2 weeks.
The correlation is stronger if there is eurusd does the same. It means dollar value rises (bitcoin's falling correspondendtly).
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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ssmc2
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November 02, 2015, 04:26:56 PM |
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Correlation is obvious, but underruns 1-2 weeks as I noticed. I.e. gold starts to drop/rise and bitcoin does the same after 1-2 weeks.
The correlation is stronger if there is eurusd does the same. It means dollar value rises (bitcoin's falling correspondendtly).
Luc, what do think the chances are of continuing divergence with gold, where BTC- on it's way up- passes gold on it's way down? |
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dmwardjr
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November 02, 2015, 04:27:17 PM |
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masterluc (OP)
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November 02, 2015, 04:28:18 PM |
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Hourly noticable divergence with china   |
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masterluc (OP)
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November 02, 2015, 04:40:37 PM |
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Luc, what do think the chances are of continuing divergence with gold, where BTC- on it's way up- passes gold on it's way down?
Will be surprised much. Picture is "dangerously bullish". Dangerously as dump threat and dangerously as rocket moon threat at same time. Weekly is bullish, very bullish. But divergence with gold and eur and convergence with LTCUSD makes me skeptic. Litecoin rises before big dump. Add new divergence with china here and I'd say "fuck it". |
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lebing
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Enabling the maximal migration
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November 02, 2015, 05:23:23 PM |
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Very nice graphic thanks. I wonder however what effect the latest "loosening" of capital controls will have |
Bro, do you even blockchain?
-E Voorhees
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lebing
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November 02, 2015, 07:21:24 PM |
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Price currently piercing upper end of the channel... and its being lead by the west this time.  |
Bro, do you even blockchain?
-E Voorhees
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jehst
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November 02, 2015, 07:28:42 PM |
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^ one of those does not look like the others
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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BitMaxz
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Block halving is coming.
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November 02, 2015, 07:35:53 PM |
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Very nice graphic thanks. I wonder however what effect the latest "loosening" of capital controls will have Its clear predict maybe it will continue rise until december.. The price should be reach on $400 as predict in the image.. |
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TQMA
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Bitcoin is the currency of resistance.
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November 02, 2015, 07:36:12 PM |
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^ one of those does not look like the others
Orange I know, forget to edit but thx. Fast/bad work hi  |
R e m e m b e r , b e b i t c o i n e r .
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jehst
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November 02, 2015, 08:24:15 PM |
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^ one of those does not look like the others
Orange I know, forget to edit but thx. Fast/bad work hi actually what i meant is that the price isn't following the other two. nothing about your colors. nice chart |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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uki
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cryptojunk bag holder
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November 02, 2015, 08:34:41 PM |
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^ one of those does not look like the others
Orange I know, forget to edit but thx. Fast/bad work hi actually what i meant is that the price isn't following the other two. nothing about your colors. nice chart why the price should follow the other two? It is only in the very early days of a technology, when rising adoption has big impact (nearly exponential) on its price. As the market cap growths, the impact is lowering up to the point that the previous nearly exponential relation is broken. That is to be seen on these charts and that is absolutely correct. |
this space is intentionally left blank
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lebing
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November 02, 2015, 08:58:34 PM |
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yep that is what i was referring to. I don't see this affecting the price much at the moment however... |
Bro, do you even blockchain?
-E Voorhees
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dmwardjr
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November 02, 2015, 09:04:46 PM |
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yep that is what i was referring to. I don't see this affecting the price much at the moment however... The only way I see it affecting it is the Chinese government proving to its citizens the Yuan needs help and the government is doing whatever it can to help the Yuan. It has devalued it's currency multiple times to compete globally. The citizens are getting smart and hedging with bitcoin and other asset class investments in preparation for possible future devaluations in my opinion. Hence, the continued interest in bitcoin by the Chinese people. |
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molecular
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November 02, 2015, 09:35:01 PM |
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 we're in "no man's land" |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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masterluc (OP)
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November 02, 2015, 09:35:29 PM |
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resistance. bfx margincalled. probably top.  |
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brg444
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November 02, 2015, 09:36:31 PM |
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resistance So we're just about getting ready to blast through it, and that's not to say of what is going to happen when China wakes up. Do we have an upper bound target then master? |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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katafrag
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November 02, 2015, 09:39:15 PM |
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yep that is what i was referring to. I don't see this affecting the price much at the moment however... The only way I see it affecting it is the Chinese government proving to its citizens the Yuan needs help and the government is doing whatever it can to help the Yuan. It has devalued it's currency multiple times to compete globally. The citizens are getting smart and hedging with bitcoin and other asset class investments in preparation for possible future devaluations in my opinion. Hence, the continued interest in bitcoin by the Chinese people. I hope it's china state that is buying bitcoin and not the people. in the 1st case, bitcoin will never be banned from China, in the second case it's plausible... right?? |
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oda.krell
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November 02, 2015, 09:54:08 PM |
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I expect around 370 to be hard resistance for today, but some of the previous bearish divs (sub-daily MACD, volume) just got wiped out as well, so I'm even less convinced this is the end of it, mid-term.
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