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Author Topic: Nagle's Favorite Chart  (Read 2920 times)
ineededausername
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November 29, 2011, 02:16:20 PM
 #1



Price is going to go DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOWN soon.
or it's a real reversal?

edit: REAL REVERSAL GUYS BUY BUY BUY

IF YOU BUY THIS SHIT YOU WILL BECOME A MILLIONAIRE AND EVERYTHING WILL BE NICE AND RAINBOWS WILL POP UP AND YOU WILL BUY A MANSION AND A JET WITH THE PROFITS

(BFL)^2 < 0
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November 29, 2011, 02:22:58 PM
 #2

Let's wait a few more days before declaring the decline as being over.  We have seen rapid price increases before that didn't last more than a few days before being attacked by sellers.  Right now the price is volatile with thousands of bitcoins being traded every minute.  Very interesting activity, and very profitable.  I'm hoping it goes higher and keeps up its volatility.

Someone transfered 466,000btc a few minutes ago too.  Probably an exchange moving bitcoins, but such activity is still not the norm.

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November 29, 2011, 02:39:15 PM
 #3

My good sir,

I beg to differ. That is clearly Edward50's favorite chart Wink

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November 29, 2011, 02:46:13 PM
 #4

My good sir,

I beg to differ. That is clearly Edward50's favorite chart Wink

Yeah, Nagle's would go straight down...to helllll!!!

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November 29, 2011, 08:47:49 PM
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Oh, poor Mr N.  I have seen at least one sensible post from him (mind you, only one).  https://bitcointalk.org/index.php?topic=52376.20
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November 29, 2011, 09:51:03 PM
 #6

Keep in mind there was a short squeeze, so take that with a grain of salt.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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November 29, 2011, 09:55:10 PM
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Keep in mind there was a short squeeze, so take that with a grain of salt.

It wasn't his usual "we're all going to die" type of message, that's why it stood out.
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November 29, 2011, 09:58:15 PM
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Oh, poor Mr N.  I have seen at least one sensible post from him (mind you, only one).  https://bitcointalk.org/index.php?topic=52376.20
I'm partial to his post where he admitted I was right and apologized, and even modified his conclusion based on the revised data.

You are right. Sorry.
There's at least a shred of reasonableness in him.
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November 29, 2011, 10:02:35 PM
 #9

In b4 tomorrow it is at 1$...
bittenbob
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November 30, 2011, 03:23:34 AM
 #10

In b4 tomorrow it is at 1$...

Willing to bet some coins on that?
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November 30, 2011, 08:53:17 AM
 #11

Nagle just called me and said that it will be -1.5 $ tomorrow.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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RyNinDaCleM
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November 30, 2011, 03:13:10 PM
 #12

Nagle just called me and said that it will be -1.5 $ tomorrow.

So, who do I pay to take these damn coins from me?  Cheesy

ineededausername
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November 30, 2011, 08:00:48 PM
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Look at the chart. Today we are completely above the vaunted Brown Line of Resistance so far.

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November 30, 2011, 09:01:26 PM
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Nagle just called me and said that it will be -1.5 $ tomorrow.

So, who do I pay to take these damn coins from me?  Cheesy

Ill take them off you for free  Tongue
RyNinDaCleM
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November 30, 2011, 09:15:08 PM
 #15

Nagle just called me and said that it will be -1.5 $ tomorrow.

So, who do I pay to take these damn coins from me?  Cheesy

Ill take them off you for free  Tongue

Luckily, it doesn't look to be the case!  Wink

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December 03, 2011, 04:04:10 AM
 #16

Revised Nagle™ Chart



We broke through the short term accelerating downtrend and are about to challenge the overall downtrend. It's a 45 period exponential, added a 90 version to indicate possible market reversal.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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December 03, 2011, 04:16:39 AM
 #17

Nagle just called me and said that it will be -1.5 $ tomorrow.
When you post in non-blue font does that mean you are joking?

jk
ineededausername
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December 03, 2011, 05:05:59 AM
 #18

Revised Nagle™ Chart



We broke through the short term accelerating downtrend and are about to challenge the overall downtrend. It's a 45 period exponential, added a 90 version to indicate possible market reversal.

It's only a Nagle chart if it's completely bearish Wink

(BFL)^2 < 0
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December 06, 2011, 10:25:22 PM
 #19


Mt. Gox, last 4 months. Again a gradual slow slide.
As usual, we have a gradual slow slide, characteristic of a classic bubble. We are now in the endgame. It is not clear how it will play out, but as I have been saying new lows will be set, and each week's highs will again fail to meet the last week's.

As I've been saying, if you aren't out yet, get out now. These exchanges will soon turn out scams as the value continues to drop. Bitcoin is too subordinate to ever meet its original purpose.
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December 06, 2011, 10:43:32 PM
 #20

Mt. Gox, last 4 months. Again a gradual slow slide.
As usual, we have a gradual slow slide, characteristic of a classic bubble. We are now in the endgame. It is not clear how it will play out, but as I have been saying new lows will be set, and each week's highs will again fail to meet the last week's.

As I've been saying, if you aren't out yet, get out now. These exchanges will soon turn out scams as the value continues to drop. Bitcoin is too subordinate to ever meet its original purpose.

I thought the classical bubble had a steep drop at the end?

Bitcoin/USD, Mt. Gox, last 60 days. The long, slow slide continues.

It's a long, slow slide as the bubble deflates. The market is so thin that when someone does a big sell, there's a big drop. Then there's a recovery, but it's always lower than the previous high.

Look at the last full year:
Bitcoin - a classic speculative bubble.

I've been saying this consistently for months. Time is proving me right.

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