Bitcoin Forum
December 11, 2017, 12:24:35 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Moon and Doom Speculate on the candles  (Read 1492 times)
protokol
Legendary
*
Offline Offline

Activity: 1201



View Profile
November 19, 2013, 08:28:54 PM
 #1



This is the 3 day Gox candlestick chart. If we go with the Moon's analysis [blue lines], the current 3 day candle ends up green, with a high closing price (similar to the final green 3 day candle in April), we can expect another savage period of exponential growth before a correction.

If however we go with Doom Guy's intel [yellow line], the current candle ends with a lower closing price (similar to the big red turbo nutter bastard nitrous one in April), and we may be be fucked.

Both the Moon and Mr Doom advise keeping an eye on the 1 and 3 day candles.

But... It probably won't be that similar, and I may well be talking bollocks. My guest analysts don't have ideal credentials, plus the last time I discussed candlesticks I was putting one in my ear to get rid of ear wax, and that was like 3 years ago.


Guess I'll make that my sig, all the cool kids have one...
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1512995075
Hero Member
*
Offline Offline

Posts: 1512995075

View Profile Personal Message (Offline)

Ignore
1512995075
Reply with quote  #2

1512995075
Report to moderator
1512995075
Hero Member
*
Offline Offline

Posts: 1512995075

View Profile Personal Message (Offline)

Ignore
1512995075
Reply with quote  #2

1512995075
Report to moderator
bitcon
Legendary
*
Offline Offline

Activity: 1176



View Profile
November 19, 2013, 08:36:57 PM
 #2

my fiat is ready


                   ▄▄▄▄▄
            ▄▄███████████████▄▄
         ▄███████████████████████▄
       ▄██████████████████▀ ▀███████▄
     ▄██████████████████▀    ▄████████
    ██████████████████▀    ▄███████████▄
   ██████████████████    ▄██████████████
  ████████████████ ▀██▄   ▀██████████████
  ███████████████▄   ▀██▄   ▀████████████
 ▐████████████▀ ▀██▄   ▀██▄   ███████████▌
 ▐███████████▄    ▀██▄   ▀██▄████████████▌
 ▐█████████████▄    ▀██▄ ▄███████████████▌
  ▀██████████████▄    ▀██████████████████
   █████████████▀    ▄██████████████████
    ▀█████████▀    ▄███████████████████
      ███████▄   ▄███████████████████
        ███████▄███████████████████
          ▀▀████████████████████▀
               ▀███████████▀

..ETHLend..1
[ Slack ] [ Telegram ] [ Twitter ]
▬▬ [ Bounty ] [ Facebook ] ▬▬
[ DAPP Thread ] [ ICO Thread ]
MonadTran
Full Member
***
Offline Offline

Activity: 181


View Profile
November 19, 2013, 08:41:40 PM
 #3

The current Zodiac sign is Scorpio, which is under the strong influence of the Moon. So... Up? Wink
pheaonix
Sr. Member
****
Offline Offline

Activity: 392


http://casinobitco.in/ A+ customer support


View Profile
November 19, 2013, 08:49:49 PM
 #4

http://www.youtube.com/watch?v=vxFzpPjDGG0

/moonsmile

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
protokol
Legendary
*
Offline Offline

Activity: 1201



View Profile
November 19, 2013, 08:52:09 PM
 #5

my fiat is ready


Guess I'll make that my sig, all the cool kids have one...
piramida
Legendary
*
Offline Offline

Activity: 1120



View Profile
November 19, 2013, 08:53:57 PM
 #6

OP, surprisingly good TA for this forum. But don't forget that the DOOM candle is red, and we now have quite a green one. So, Moon first.

i am satoshi
mgio
Hero Member
*****
Offline Offline

Activity: 546


View Profile
November 19, 2013, 08:55:28 PM
 #7

Don't use candlestick charts. Candles make 0 sense for a commodity like bitcoin that trades 24/7.
protokol
Legendary
*
Offline Offline

Activity: 1201



View Profile
November 19, 2013, 08:58:22 PM
 #8

The current Zodiac sign is Scorpio, which is under the strong influence of the Moon. So... Up? Wink


Guess I'll make that my sig, all the cool kids have one...
protokol
Legendary
*
Offline Offline

Activity: 1201



View Profile
November 19, 2013, 09:04:10 PM
 #9

OP, surprisingly good TA for this forum. But don't forget that the DOOM candle is red, and we now have quite a green one. So, Moon first.

Yeah, there's a little bit of time for a big sell-off, but it doesn't look likely at this stage.

Guess I'll make that my sig, all the cool kids have one...
sgbett
Legendary
*
Online Online

Activity: 1526



View Profile
November 19, 2013, 10:46:38 PM
 #10

Best TA thread for a while - SUBSCRIBING!

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
protokol
Legendary
*
Offline Offline

Activity: 1201



View Profile
November 20, 2013, 05:49:44 PM
 #11



So they both believe that we've hit the top (at least for a while).

The Moon's outlook seems plausible, but so does Doom Guy's, it all depends on whether the Chinese panic or sit tight.

The similarities between the candlesticks in the boxes do seem to suggest a similar pattern to April:

A 3 day run-up with closing prices higher than opening, then a spike, then a 3 day correction period where the price ends up lower than at the beginning of the run-up. The closing price isn't lower yet, but there's another 1 day candle to go on the end of the bottom chart yet, and things could change pretty quickly as the last couple of days have shown  Cheesy  Wink

If the closing price after the 3 day correction period is, in fact significantly higher than the beginning of the run-up (unlike April's spike), basically how it looks right now, then we can expect a higher support level %-wise than April, around $500-$600.

It's even possible (but unlikely) that this higher support level could ignite another spike, maybe even beating the ATH within the next couple of weeks, before consolidating at around $800-$1200 for a longer period of at least a few months.


Guess I'll make that my sig, all the cool kids have one...
sgbett
Legendary
*
Online Online

Activity: 1526



View Profile
November 20, 2013, 11:49:19 PM
 #12

still think we haven't seen the extent of the 'senate approval effect' I'm sure it will be somewhat tempered by the recent correction.

All in all it looks like a classic case of buy the rumour sell the news.

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
protokol
Legendary
*
Offline Offline

Activity: 1201



View Profile
November 26, 2013, 07:42:10 PM
 #13



EDIT: ATH!!!

Guess I'll make that my sig, all the cool kids have one...
protokol
Legendary
*
Offline Offline

Activity: 1201



View Profile
November 26, 2013, 08:38:49 PM
 #14


Guess I'll make that my sig, all the cool kids have one...
sgbett
Legendary
*
Online Online

Activity: 1526



View Profile
November 26, 2013, 11:05:34 PM
 #15

BFG only goes to 9000

BTC goes over 9000

hehe

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!