Bitcoin - Broken trend line

[600watt]

Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

welcome back. that is bearish bullish as hell.

edit: bullish

[traderCJ]

Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

Looks like proudhon is all in and is trolling the bears now, heh.  When he switches back to fiat, he'll revert back to trolling the bulls.  Yawn.  Got anything productive to add, proudhon?

[fr33d0miz3r]

Looks like proudhon is all in and is trolling the bears now, heh.

I don't think so.

[esse83]

Trend line at Huobi is not broken btw.

[kepak]

Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.

[notme]

Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.

Huobi represents more than 70% of the actual volume. It does matter a lot.

http://bitcoinity.org/markets/list?currency=ALL&span=24h

And how many fee free exchanges is it competing with?

[kepak]

Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.

Huobi represents more than 70% of the actual volume. It does matter a lot.

http://bitcoinity.org/markets/list?currency=ALL&span=24h

And how many fee free exchanges is it competing with?

That. It's mostly high frequency trading back and forth. Moreover, with the position of China government, they will probably have to close very soon.

[jubalix]

Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

your hodling a serious amount of coin aren't you

[fr33d0miz3r]

Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/

possible

[Tisko]

This thread is sad.
1) Proudhon so-called trolling is miles away from being slightly funny.
2) Just drawing a randomly-selected linear line under random fluctuations and trying to make something prophetic out of it is neither practical nor funny either.

[fr33d0miz3r]

Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/

And this trendline on weekly chart is already broken.

[Lusitanian Trader]

Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/

And this trendline on weekly chart is already broken.

Here you see the best graphic -  http://bullandbearmarkets.blogspot.pt/2014/01/blog-post_15.html

[Wilhelm]

I'd like to see all this shitty anal-isis on a logarithmic chart .....

[fr33d0miz3r]

I'd like to see all this shitty anal-isis on a logarithmic chart .....

My latest chart is logarithmic.

[ElectricMucus]

1) Proudhon so-called trolling is miles away from being slightly funny.

Being the one trolled isn't supposed to be funny, you're the subject of funny.

[segeln]

Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/

And this trendline on weekly chart is already broken.

too much short-sighted .
It is a secondary trend within the Primary bullish trend.
The bullish Primary trend will continue.
Don`t trade against the trend !

[Kreigyr]

I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

[proudhon]

I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Sure they do.  Just Google around and you can fine plenty of confirmed technical analysis about bitcoin.  Having said that, confirmed bad news, especially foreign language news, especially in non-western languages, is the best means of seeing where the price will go.  Given all the recent confirmed bad news, all confirmed by good sources, and much of which is in Chinese, the predicted and proven trend is dramatically down.

[seleme]

I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

[segeln]

I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

to put it more polite:
they are amateurs