The Thin Red Line

[Eusebio]

i can sell you one galaxy for 1 BTC even today!
you just have to say what you are going to do with that galaxy cause i dont want to give you a galaxy if you have some kind of bad intentions. you have to promise that you will treat this galaxy good. like a woman.

[pbody]

It seems as though our growth was planned way back in time.

I give you the most important line in Bitcoin history.

Everyone who sold above it is a winner. Watch out for this one in the future. Clearly big whales have been watching it (and it's parallels).

Someone has been steering these channels since way back.

(this was inspired by ronfkinswanson's version over at TV; it is now a Schiff Pitchfork and it's placed on the first 2011 bubble instead).

TV Link: https://www.tradingview.com/v/LZQWPiI3/

all this red line says is hodl. it says you should have held for two years at one point. ...try drawing that line on Oct 2012... I like the title though. reminds me of the movie.

the steady upwards growth says it will be at around 3k by the end of 2014.

[TERA]

It seems as though our growth was planned way back in time.

I give you the most important line in Bitcoin history.

Everyone who sold above it is a winner. Watch out for this one in the future. Clearly big whales have been watching it (and it's parallels).

Someone has been steering these channels since way back.

(this was inspired by ronfkinswanson's version over at TV; it is now a Schiff Pitchfork and it's placed on the first 2011 bubble instead).

TV Link: https://www.tradingview.com/v/LZQWPiI3/

all this red line says is hodl. it says you should have held for two years at one point. ...try drawing that line on Oct 2012... I like the title though. reminds me of the movie.

the steady upwards growth says it will be at around 3k by the end of 2014.

Stop making arguments as if everyone is a long term investor trying to get the most out of a single trade - some of us like to trade the huge volatility swings also. I personally intend to have MUCH more than a 350% gain (to your 3000) by the end of the 2014.

[Eusebio]

you will harm Bitcoin fanatics feelings if you not Hodl!

[Eusebio]

and you can harm Bitcoin itself, if you not Hodl!
Winklewoses, FBI, CIA and the likes are hodling, how can you not Hodl?

[pbody]

Stop making arguments as if everyone is a long term investor trying to get the most out of a single trade - some of us like to trade the huge volatility swings also. I personally intend to have MUCH more than a 350% gain (to your 3000) by the end of the 2014.

no argument. How does this chart help you as a short term investor? I sense some hostility. Is it regret for not hodling?

[Voodah]

Stop making arguments as if everyone is a long term investor trying to get the most out of a single trade - some of us like to trade the huge volatility swings also. I personally intend to have MUCH more than a 350% gain (to your 3000) by the end of the 2014.

no argument. How does this chart help you as a short term investor? I sense some hostility. Is it regret for not hodling?

It is a logarithmic chart spanning the whole history of Bitcoin.

It is showing you how Bitcoin moves within channels (my private chart now has Fibonacci channels all over and they just line up to perfection).

It's not really meant to help you in the very short term, though still, if you are an order book trader you can easily use it (I'd encourage even more channel divisions) to pick sell and buy spots where you simply put your order and then patiently wait. Probably one of the safest forms of trading if you can muster the patience.

[aminorex]

my private chart now has Fibonacci channels all over and they just line up to perfection

If you share your chart, it should help your book.