Analysis

[gagalady]

hope there will be no big ping again, but.. there is no pong without ping? still...

[devphp]

waiting for a ping 

[igorr]

it is just manipulation with price the same as 2.mart 2014 year

View Screen Capture

[g4c]

it is just manipulation with price the same as 2.mart 2014 year

View Screen Capture

$0 by september eh igorr?

[zimmah]

I have absolutely no idea what to make of this



The triangle has been pierced on both sides, however I feel the volume for the drop was far too low to indicate a bottom, and volume for the rally is almost nonexistent. Perhaps the triangle has been rendered obsolete, and this is a retrace of the still-relevant downtrend?

i'm no market expert or anything, but couldn't the low volumes at the bottom be fuel for an even bigger rush?

Consider this:

For months a lot of people have been patiently waiting for the price to drop. and it did drop to $340ish eventually. If for a week or so the price seems to be stable at $400+ or even rising (even if it rises with 1% a day) all these people who were waiting for cheap coins may lose faith that the price will ever reach sub-340 again and will panicbuy, as soon as some of them buy, the price wil rise even more, triggering a chain reaction of panicbuys and therefore a new rush with a very high volume.

Is this a plausible scenario? I think so, but like i said, i'm not an expert.

[rudius]

I have absolutely no idea what to make of this



The triangle has been pierced on both sides, however I feel the volume for the drop was far too low to indicate a bottom, and volume for the rally is almost nonexistent. Perhaps the triangle has been rendered obsolete, and this is a retrace of the still-relevant downtrend?

i'm no market expert or anything, but couldn't the low volumes at the bottom be fuel for an even bigger rush?

Consider this:

For months a lot of people have been patiently waiting for the price to drop. and it did drop to $340ish eventually. If for a week or so the price seems to be stable at $400+ or even rising (even if it rises with 1% a day) all these people who were waiting for cheap coins may lose faith that the price will ever reach sub-340 again and will panick buy, as soon as some of them buy, the price wil rise even more, triggering a chain reaction of panicbuys and therefore a new rush with a very high volume.

Is this a plausible scenario? I think so, but like i said, i'm not an expert.

this is quite possible. There is 2 trendline to break in order to trigger panick buying. (linear ang log trendline).

And for the volume, i find it very good. Price was rejected violently (sub 400 level) in a market where every body was on the line except sellers.we will see more end more volume as we will make it to 1000$

But of course, to keep it interesting, we will have flash crashes to shake off weak holder along the way.

[cbutters]

Here is what you are all missing....
The charts don't matter unless they are the leading exchange's charts:



China never broke down on the triangle, they broke up... thus we follow like the blind sheep we are right now.

EDIT: I'm not complaining.... lets go to the moon.

[g4c]

as were talking about charts, here's the whole data set on a log scale.

the first trade being around 5c on good ol' MtGox:



I predict (I ask nobody to believe me and I do not claim 100% certainty) it will stay above the lower trend until at least 2016 by which time the price will be >$20k/BTC and then the volatility will be much less, no more bubbles. It will then slowly transition into linear growth and then rise to an asymptote of saturation >$50k/BTC and then trade like a "stable" forex.

[cbutters]

as were talking about charts, here's the whole data set on a log scale.

the first trade being around 5c on good ol' MtGox:



I predict (I ask nobody to believe me and I do not claim 100% certainty) it will stay above the lower trend until at least 2016 by which time the price will be >$20k/BTC and then the volatility will be much less, no more bubbles. It will then slowly transition into linear growth and then rise to an asymptote of saturation >$50k/BTC and then trade like a "stable" forex.

This is a lovely chart... thank you very much for it.

[g4c]

This is a lovely chart... thank you very much for it.

You're welcome, glad you like it

Here's an extrapolation of the same chart:

[lebing]

Just need some volume for confirmation and then the end of the bear?  



http://imgur.com/XAlilkl

(edited because for some reason imgur is blocked today...)

[segeln]

sorry TA-Guys (some of them are noobs):
an intraday Violation ist not considered to be a breach of a line.
It should last more than 1 day, then we can say the trend is broken (except of "false breakouts")

[prophetx]

This is a lovely chart... thank you very much for it.

You're welcome, glad you like it

Here's an extrapolation of the same chart:

i like this chart

[Chainsaw]

Does anyone know when was the last 1 week EMA cross in bitcoin history?

Bitstamp - January 11, 2012.
Price of Bitcoin - $6.95

[boumalo]

I have absolutely no idea what to make of this



The triangle has been pierced on both sides, however I feel the volume for the drop was far too low to indicate a bottom, and volume for the rally is almost nonexistent. Perhaps the triangle has been rendered obsolete, and this is a retrace of the still-relevant downtrend?

i'm no market expert or anything, but couldn't the low volumes at the bottom be fuel for an even bigger rush?

Consider this:

For months a lot of people have been patiently waiting for the price to drop. and it did drop to $340ish eventually. If for a week or so the price seems to be stable at $400+ or even rising (even if it rises with 1% a day) all these people who were waiting for cheap coins may lose faith that the price will ever reach sub-340 again and will panicbuy, as soon as some of them buy, the price wil rise even more, triggering a chain reaction of panicbuys and therefore a new rush with a very high volume.

Is this a plausible scenario? I think so, but like i said, i'm not an expert.

I can imagine a dozen of scenarios where the price is going up rapidly in a matter of months; people panic buying, shorts buying buying back their positions and positive price news momentum will push the price even higher in everyone of the scenarios

[ElectricMucus]

lol

[masterluc]

How bullish divergence turns into bearish

[Bitcoin_is_here_to_stay]

How bullish divergence turns into bearish

Very interesting - thanks for posting it.

[Tzupy]

How bullish divergence turns into bearish

What looked like a bullish divergence was caused by the truncation of the downward sub-wave, possibly because of positive news from China at that time.
But when weekly MACD is about to go negative for the first time since September 2011, guess what comes next...

[hdbuck]

...
What looked like a bullish divergence was caused by the truncation of the downward sub-wave, possibly because of positive news from China at that time.
But when weekly MACD is about to go negative for the first time since September 2011, guess what comes next...

dump?