notme
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Activity: 1904
Merit: 1002
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October 28, 2013, 06:09:39 PM |
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As always, for a successful trader, each method or pattern is only one piece of information among many.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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afbitcoins
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Activity: 2100
Merit: 1061
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October 28, 2013, 09:09:57 PM |
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Technical Analysis doesn't claim to be scientific and has nothing to do with science. But that has nothing to do with its usefulness
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bassclef
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October 28, 2013, 09:39:08 PM |
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Technical Analysis doesn't claim to be scientific and has nothing to do with science. But that has nothing to do with its usefulness
TA simply attempts to apply mathematical formulas to the mass psychology of financial markets. |
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SheHadMANHands
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Activity: 1168
Merit: 1000
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October 28, 2013, 10:58:04 PM |
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Clear rocket launch pad forming IMO:   |
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BitChick
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Activity: 1148
Merit: 1001
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October 29, 2013, 12:07:32 AM |
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So I take it you are a little bullish?  |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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bitrider
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October 31, 2013, 01:12:04 AM |
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These people come up with arcane theories based on no real examination of the market but completely on the shape of the charts make me laugh. No clue was had that day.
There's two things:
1. Supply.
2. Demand.
Actually pretty solid reason behind the cup and handle: http://www.investopedia.com/terms/c/cupandhandle.aspThat's hardly a solid reason being mention in that link, it's not even a reason. It's just a description what supposedly happens in the pattern. Most technical "analysis" is more like astrology, pseudo-science trying to divine occult patterns from observations without proper application of scientific methods. There is a point to be made for round number and previous ATH/ATL values acting as a psychological barrier (support/resistance), but most of the other line-on-chart-drawing seems to be rather silly to me. Why trash Technical Analysis in the Speculation forums ? Do you prefer we just pull numbers out our asses ? Why are you here ? +1, TA is simply the analysis of the psychology of people playing out on the market. It is really quite fascinating. +2 exactly. And the proven percentages are extremely high (never guaranteed) that once the price breaks out from the "handle" above the rim of the "cup" (long-time resistance) subsequent immediate gains will be substantial. The percentages favor a gain target of: Target price = Price @ "rim of cup" + [price @ "rim of cup" - price @ "base of cup"]. This has proven out for me personally over many years in many markets. Will it play out for BTC at this point? I'm betting that way.  |
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Zangelbert Bingledack
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Activity: 1036
Merit: 1000
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October 31, 2013, 02:05:54 AM |
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So the price targets where the cup would be if it were turned into a hat? So targeting 260 + 260 - 60 = 460? Sounds decent for now. Just a tad more consolidation to go...
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alexout
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October 31, 2013, 02:58:32 AM |
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Am I the only one who read something totally different in the title Cup and Handle before clicking the thread?
lol
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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October 31, 2013, 04:42:00 AM |
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the cup with handle pattern is really a tautology, not a pattern. when something makes a major bottom, then it goes up. but since there is volatility in the process, and markets are self-exciting (hawkes process), they make short-term peaks, which pull back. if the bullish reading is wrong, then the lip of the cup becomes a shoulder, and the trend continues down. the same sequence of past bars, with a different sequence of future bars, can be called a head and shoulders pattern. when the handle forms fully and price exceeds the previous short-term high - the trailing rim of the cup - then the possibility remains that the trend is up.
because it is a tautology, it is reliable. because the market can in fact do anything, and does not have to respect logic, it is not entirely reliable.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Pente
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November 04, 2013, 02:25:40 PM |
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Just remember, the length of a coastline changes with the length of the ruler. In other words, a matter of perspective.
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SheHadMANHands
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Activity: 1168
Merit: 1000
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November 04, 2013, 11:22:22 PM |
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The greatest cup and handle of our time?   |
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afbitcoins
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Activity: 2100
Merit: 1061
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November 05, 2013, 12:06:07 AM |
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Not sure if my silver cup and handle image worked! I can't see it anymore, heres another attempt  |
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SheHadMANHands
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Activity: 1168
Merit: 1000
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November 16, 2013, 03:56:34 AM |
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bump for epic cup and handle (at least arguably). One of many contributing factors, no doubt.
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edgebits
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Activity: 37
Merit: 0
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November 16, 2013, 04:21:14 AM |
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Great respect to OP
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hieroglyph
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Activity: 70
Merit: 10
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November 16, 2013, 05:50:42 PM |
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this is what I like to see, just wish I had seen it way sooner haha... sigh... My spidey senses are telling me to go all in but my brain keeps second guessing it.  |
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bitcoin carpenter
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Activity: 1582
Merit: 1001
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November 16, 2013, 06:04:44 PM |
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this is what I like to see, just wish I had seen it way sooner haha... sigh... My spidey senses are telling me to go all in but my brain keeps second guessing it. Clear sign that a trap is coming... |
If your not actively using the technology behind your crypto investment,
IT IS A SCAM!!!!
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Zangelbert Bingledack
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Activity: 1036
Merit: 1000
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November 17, 2013, 09:52:08 AM |
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this is what I like to see, just wish I had seen it way sooner haha... sigh... My spidey senses are telling me to go all in but my brain keeps second guessing it. Clear sign that a trap is coming... Clear sign that we have a ways to go. If people still have reservations, they haven't thrown caution to the wind yet. When they do, the final spurt will come in this run. |
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