Spekulatius (OP)
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August 15, 2011, 05:41:18 PM |
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Hi folks, Some of you may already have noticed, 2 days ago (as of August, 13th) a reversed Head & Shoulders bottom formation has developed. Here the chart (logarithmic): ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg26.imageshack.us%2Fimg26%2F7094%2Fheadshoulders.gif&t=665&c=zhdlvVB8PtKBCA) As the chart reveals has the neckline been broken on August 13th and is remaining bullish. Compared with the first shoulder-bottom-to-the-head-length with the second shoulder-low, a target price of around 13,5 USD/BTC can be expected. Imperative: get on the bullrun! Cheers, Spekulatius
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kokjo
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You are WRONG!
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 05:44:46 PM |
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Not sure if serious?
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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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coined
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 05:46:28 PM |
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very professional thick coloured lines, not like a 5 year old kid that found the crayons at all ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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NamelessOne
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August 15, 2011, 05:54:21 PM |
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Matches my assessment also.
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Spekulatius (OP)
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August 15, 2011, 06:06:52 PM |
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kokjo
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You are WRONG!
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 06:16:17 PM |
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seems so. but the term heads and Shoulders, just sounded like it was made up. many people are doing this on the forum. so not sure if serious?
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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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NamelessOne
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August 15, 2011, 06:18:12 PM |
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Rejoice! It is real! haha BUY BUY BUY!!
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GeniuSxBoY
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 06:27:19 PM |
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Is that bitcoin creating a golden shower ??
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Be humble!
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NamelessOne
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August 15, 2011, 06:33:21 PM |
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Certainly looks so to me. Perhaps peeing with excitement.
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KMBTC11
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August 15, 2011, 06:39:07 PM |
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Congratulations Spekulatius you just made it into my gallery. That last picture is going on the 'fridge.
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mobodick
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 06:49:22 PM |
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Is that bitcoin creating a golden shower ??
If you look closely you will see that it is peeing bitcoins.
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epetroel
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 08:26:51 PM |
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seems so. but the term heads and Shoulders, just sounded like it was made up. many people are doing this on the forum. so not sure if serious?
It's a technical analysis term. Technical analysis is kind of like astrology, but with securities instead of stars ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Jack of Diamonds
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 08:48:44 PM |
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seems so. but the term heads and Shoulders, just sounded like it was made up. many people are doing this on the forum. so not sure if serious? H&S pattern is a financial trading term on Wall street just like 'dead cat bounce' and dozens of others. It verbally explains the graph and has been used for decades. http://www.bespokeinvest.com/thinkbig/2011/8/2/head-and-shoulders-pattern.html
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1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
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OgNasty
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August 15, 2011, 08:57:38 PM |
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Funny how ignorant people attacked the OP for this... Understanding head and shoulders patterns are a prerequisite to trading 101. Unfortunately, this particular bit of knowledge would have been better if it was stated before the pattern finished. Still a bullish trend though. Dead cat bounce is also one of my favorite trading terms. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Bigpiggy01
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 09:02:31 PM |
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Funny how ignorant people attacked the OP for this... Understanding head and shoulders patterns are a prerequisite to trading 101. Unfortunately, this particular bit of knowledge would have been better if it was stated before the pattern finished. Still a bullish trend though. +1 I think someone has been busy with one of these ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2ForoJ0.jpg&t=665&c=vKOzo2EAcIArQQ)
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coined
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2011, 09:10:41 PM |
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Funny how ignorant people attacked the OP for this... Understanding head and shoulders patterns are a prerequisite to trading 101. Unfortunately, this particular bit of knowledge would have been better if it was stated before the pattern finished. Still a bullish trend though. Dead cat bounce is also one of my favorite trading terms. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I wasn't attacking the OP about the head and shoulder's pattern I had already saw it, it was just the big crayon lines on the chart I was lightly mocking ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ffarm4.static.flickr.com%2F3503%2F3894642471_dec42638c3.jpg&t=665&c=ZVslKdpiAjuVLQ) "*scribble* *scribble* Check out this diagram folks, we are clearly bullish! BUY BUY!" hehe ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) jk settle down
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S3052
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August 15, 2011, 09:13:22 PM |
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Funny how ignorant people attacked the OP for this... Understanding head and shoulders patterns are a prerequisite to trading 101. Unfortunately, this particular bit of knowledge would have been better if it was stated before the pattern finished. Still a bullish trend though.
This is a good way to look at it. I have charted this H&S pattern last week in my bitcoin technical analysis report in the subscriber section, and then subsequently given a BUY rating at 8.4 $.
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evoorhees
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August 15, 2011, 09:15:11 PM |
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My frog legs and eye of newt still put the price target at over $15 each by end of Aug.
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OgNasty
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August 15, 2011, 09:31:38 PM |
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This is a good way to look at it. I have charted this H&S pattern last week in my bitcoin technical analysis report in the subscriber section, and then subsequently given a BUY rating at 8.4 $.
What was your prior sell recommendation?
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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