dedcoin
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Activity: 87
Merit: 10
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January 22, 2014, 12:28:11 AM |
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ok, got it.
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First bitcoin bought at $70
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zimmah
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Activity: 1106
Merit: 1005
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January 23, 2014, 04:57:36 PM |
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ok, got it. got what? i still don't get it
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kellrobinson
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January 30, 2014, 05:31:24 PM |
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well, if its right, its going to drop down to about 550, then go up, back down again in about 3 weeks, and then hover around 800 till what looks like the next run in 45 days+
who knows. kinda creepy though.
You arrived at that extrapolation just from studying the chart, apparently. I'm having trouble gleaning enough information. What do you see?
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bb113 (OP)
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February 14, 2014, 04:49:20 AM |
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I just checked this and it looks like the pattern broke, theres been deviations in the past as well though.
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Voodah
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February 14, 2014, 05:31:47 AM |
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Is it really a deviation or could it possibly be acceleration?
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bb113 (OP)
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February 14, 2014, 06:00:57 AM |
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Is it really a deviation or could it possibly be acceleration?
How would you test that theory? other than waiting?
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Kramerc
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February 14, 2014, 09:14:07 AM |
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I just checked this and it looks like the pattern broke, theres been deviations in the past as well though. Would you please care to elaborate?
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dedcoin
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Activity: 87
Merit: 10
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February 14, 2014, 09:29:07 AM |
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I just checked this and it looks like the pattern broke, theres been deviations in the past as well though.
Interesting to see that some of the previous buy points were positioned on a downtrend. Index ~160 and ~480
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First bitcoin bought at $70
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2dogs
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Activity: 1267
Merit: 1000
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February 14, 2014, 06:43:34 PM |
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I just checked this and it looks like the pattern broke, theres been deviations in the past as well though.
Interesting to see that some of the previous buy points were positioned on a downtrend. Index ~160 and ~480 Is it showing a buy signal now?
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Voodah
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February 14, 2014, 07:06:30 PM |
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Is it really a deviation or could it possibly be acceleration?
How would you test that theory? other than waiting? You're right of course. Nothing in the chart itself will confirm that (except time ofc). It's more of a gut feeling looking at the surrounding ecosystem and the expectations for the coming months. Have you seen this re-interpretation of your chart btw? https://www.tradingview.com/e/npxNXNsg/In there, if you were to position yourself in the middle of the aftermath section of the first 2011 bubble, you could possibly draw the same conclusion and deviation idea, but time showed that it was only because there was still a lot of downside. That's another possibility to consider..
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marcus_of_augustus
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Merit: 2349
Eadem mutata resurgo
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February 16, 2014, 08:37:00 AM |
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Some kind of decomposition using orthogonal cyclic functions ... Chebyshev polynomials? Bessel functions, Legendre Polynomials ... how would anyone know, it could be your own special brew.? NB: Just a ridiculous question ask given the evidence posted. Ill-posed problem.
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bb113 (OP)
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February 16, 2014, 11:10:41 PM |
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I just checked this and it looks like the pattern broke, theres been deviations in the past as well though. Would you please care to elaborate? The mystery indicator wasnt supposed to drop so low if the 7-8 month cycle was still on going. Another thing to keep in mind is it is based on gox only right now. I just checked this and it looks like the pattern broke, theres been deviations in the past as well though.
Interesting to see that some of the previous buy points were positioned on a downtrend. Index ~160 and ~480 Is it showing a buy signal now? When it is high it has indicated buy in the past. The way it is calculated doesn't make this need to be true. Right now it went high but then the price dropped alot, also it went low after the drops, so it almost seems reversed. Some kind of decomposition using orthogonal cyclic functions ... Chebyshev polynomials? Bessel functions, Legendre Polynomials ... how would anyone know, it could be your own special brew.? NB: Just a ridiculous question ask given the evidence posted. Ill-posed problem. It really isn't ridiculous. Extra info: I didn't come up with this indicator.
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wbaw
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February 17, 2014, 12:33:34 AM |
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Surely there are enough predictions on this forum that a few will seem to be right just through random chance.
The Professor Pigskin of BTC?
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bb113 (OP)
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February 17, 2014, 12:52:06 AM |
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Surely there are enough predictions on this forum that a few will seem to be right just through random chance.
The Professor Pigskin of BTC?
Agreed, good predictions involve exact timeframes and/or values. Ones that get close may be worth investigating further, but mean nothing more.
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bitsterr
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July 07, 2014, 02:26:35 AM |
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very curious on what this chart still say and how off it is now!? for fun of course
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An amorous cow-herder
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July 09, 2014, 07:40:50 PM |
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very curious on what this chart still say and how off it is now!? for fun of course
Basicly the author found a cyclical pattern in history. It is however broken by now. The rally is overdue by nearly two months, we should be at 2K+ by now if the pattern were still in effect.
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