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Author Topic: [Chart] Bitcoin Classic Bull Market Pattern In Play 11-27  (Read 806 times)
BitcoinTraderFX
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November 27, 2013, 11:49:39 PM
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www.QuantTech.us -- Artificially Intelligent Adaptive Algorithmic Trading Systems
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November 27, 2013, 11:57:49 PM
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Is this supposed to be TA? It is like the shittiest TA chart I have ever seen.

Not one mention of bull-flag's? It has been flagging all day, there are like five on your chart alone.

What are you even talking about with the bubbles? They don't even make sense...sorry.
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November 28, 2013, 12:58:01 AM
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Ouch, scathing, sorry.

Support off trendline, or resistance off trendline. Currently supported by trendline. Breaks below trendline immediately return above trendline (from buyers stepping in), and never find resistance = good sign.

If prices drop below the trendline, forming new lows via resistance levels = bad sign.

If I start talking about flags, pennants and triangles (oh my), then people are going to be lost.

All I wanted to convey was that prices were nicely supported by the trendline, and a general nice uptrend. Challenges to the trend were immediately met with buying, so all is good.

If prices drop below the trendline, and stay below the trendline, forming resistances, then that's an early sign of concern.

But, all is good. Tomorrow is turkey, and I'm sorry if I offended you.

: )

cj

www.QuantTech.us -- Artificially Intelligent Adaptive Algorithmic Trading Systems
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November 28, 2013, 01:03:41 AM
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Haha, sorry your usual posts / TA are of much higher quality and my post came off way more harsh than even I intended.

Cheers.

Happy Turkey Day!
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November 28, 2013, 01:30:58 AM
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No worries, I've been on a steady diet of wine and caramel since Tuesday : )

cj

www.QuantTech.us -- Artificially Intelligent Adaptive Algorithmic Trading Systems
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