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Author Topic: We have hit the bottom BUY. BUY ,BUY!!!111  (Read 3311 times)
ElectricMucus
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September 09, 2011, 04:01:24 PM
 #1



It is following the trend perfectly, now is the time to get in.
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September 09, 2011, 04:03:19 PM
 #2

It keeps falling.

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September 09, 2011, 04:03:28 PM
 #3

check sig.


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September 09, 2011, 04:04:50 PM
 #4

http://img4.imageshack.us/img4/8804/chartlargelog.png

It is following the trend perfectly, now is the time to get in.
If it drops below $4 today then we'll be outside of the green lines. Then will you shut up?

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September 09, 2011, 04:05:11 PM
 #5

One can only wonder what will happen if that trend is broken.
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September 09, 2011, 04:05:32 PM
 #6



It is following the trend perfectly, now is the time to get in.
If it drops below $4 today then we'll be outside of the green lines. Then will you shut up?

Yeah will you? Log chart means nothing...

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September 09, 2011, 04:05:53 PM
 #7

One can only wonder what will happen if that trend is broken.

He'll redraw a trend line.  Careful, he puts anyone on ignore who proves him wrong.

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September 09, 2011, 04:06:52 PM
 #8

One can only wonder what will happen if that trend is broken.
I guess we'll find out soon
lol
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September 09, 2011, 04:14:01 PM
 #9



It is following the trend perfectly, now is the time to get in.
If it drops below $4 today then we'll be outside of the green lines. Then will you shut up?
The trendline has to interpreted as 86%-121% (fibonacci crap)

I will def, shut up if we reach $3.
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September 09, 2011, 04:19:11 PM
 #10

So basically you drew a line that touches the bottom points and call it significant?

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September 09, 2011, 04:21:42 PM
 #11

So basically you drew a line that touches the bottom points and call it significant?
I did

Only time can prove me wrong *lalalala*
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September 09, 2011, 04:25:26 PM
 #12

So basically you drew a line that touches the bottom points and call it significant?
I did

Only time can prove me wrong *lalalala*

No forex trader or stock trader ever uses a log chart to determine trend. Not sure what historical data your method is based on.

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September 09, 2011, 04:25:45 PM
 #13

I don't have access to good charting software for bitcoin, so I can't speak for the particular trendline the OP has drawn, but IMO trendlines in general are a very useful analytical tool for trading. People who trash technical analysis usually don't understand it, or how to use it as a tool for trading.
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September 09, 2011, 04:27:48 PM
 #14

Just snatched me up another 100 btc at $4.80
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September 09, 2011, 04:30:17 PM
 #15

I don't have access to good charting software for bitcoin, so I can't speak for the particular trendline the OP has drawn, but IMO trendlines in general are a very useful analytical tool for trading. People who trash technical analysis usually don't understand it, or how to use it as a tool for trading.

Yeah but how many people trade on log charts using trend lines?

Not very many that I've seen in my experience.

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September 09, 2011, 04:31:21 PM
 #16

Just snatched me up another 100 btc at $4.80

too early.
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September 09, 2011, 04:33:21 PM
 #17

Just snatched me up another 100 btc at $4.80

too early.

agreed.

OP: I guess you're going to ignore all of the linear trendlines that we just broke too huh?

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September 09, 2011, 04:34:14 PM
 #18

Just snatched me up another 100 btc at $4.80

predict you will sell those back at about 4.50 in an hour or so
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September 09, 2011, 04:34:43 PM
 #19

Just snatched me up another 100 btc at $4.80

too early.

you may be right
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September 09, 2011, 04:35:08 PM
 #20

The OP just made this statement and prices rose and that's the only reason they did.  But they came back down again.

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