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Author Topic: The BIG picture, Price Prediction Chart.  (Read 11783 times)
K128kevin
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March 29, 2014, 08:06:53 PM
 #21

That's an interesting chart! Looks like it's predicting a "breakout" soon - We'll probably need some good bitcoin-related news to give it the initial kick that starts the breakout, but I certainly hope your prediction is correct!

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g4c
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March 29, 2014, 08:10:35 PM
 #22

That's an interesting chart! Looks like it's predicting a "breakout" soon - We'll probably need some good bitcoin-related news to give it the initial kick that starts the breakout, but I certainly hope your prediction is correct!

Good news tends to happen just after the newspaper writers have bought in.

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noob2001
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March 29, 2014, 09:01:34 PM
 #23

the price wont go back to where it started, because then nothing would've been achieved.

It doesn't have to, that chart is just an extreme example. Nevertheless, corrective waves can get fairly close to where previous bubbles took off (see bitcoin in 2011 for example).  

remember, bitcoin is being adopted, so based on previous performance the low will be much higher before the price took off.

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March 30, 2014, 02:46:45 PM
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March 30, 2014, 02:55:37 PM
 #25

down ... your mother ... pls remenber your father ..

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March 30, 2014, 03:08:07 PM
 #26

Below is a logarithmic chart of Bitcoin price history (Bitstamp USD).

In technical analysis, the blue trapezoids are known as "falling pennants", they tend to lead to breakouts.

In overbought conditions, as has been the case in all BTC rises to date, the pennant that follows will almost always breakout to the upside.

In this chart we can see fairly periodic pennants with breakouts to the upside, the price staying within the logarithmic channel.




+1
hope it will work out this time again
igorr
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March 30, 2014, 03:10:44 PM
 #27

Below is a logarithmic chart of Bitcoin price history (Bitstamp USD).

In technical analysis, the blue trapezoids are known as "falling pennants", they tend to lead to breakouts.

In overbought conditions, as has been the case in all BTC rises to date, the pennant that follows will almost always breakout to the upside.

In this chart we can see fairly periodic pennants with breakouts to the upside, the price staying within the logarithmic channel.




+1
hope it will work out this time again


LOL, wishes

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March 30, 2014, 03:14:50 PM
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LOL, despair
igorr
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March 30, 2014, 03:16:16 PM
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Just go to https://www.tradingview.com and enable indicator Linear regresion, and you have this picture.


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March 30, 2014, 03:23:25 PM
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
igorr
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March 30, 2014, 03:30:45 PM
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LOL, LOG scale enabled, paint use or Photoshop,

Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.

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March 30, 2014, 03:36:49 PM
 #32

Past results are not indicative of future performance
igorr
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March 30, 2014, 03:39:30 PM
 #33

Past results are not indicative of future performance

here is results in real time !

Profesional Forex tools and chart in real time for all currencies.
https://www.tradingview.com/e/VifVKYQr/

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cbeast
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Let's talk governance, lipstick, and pigs.


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March 30, 2014, 03:44:05 PM
 #34

LOL, LOG scale enabled, paint use or Photoshop,

Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.
You don't need professional tools. That's like going to a weather website to see what is outside your window.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
igorr
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March 30, 2014, 03:48:48 PM
 #35

Check technical aanalysis:
https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be

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g4c
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March 30, 2014, 03:59:53 PM
 #36

Past results are not indicative of future performance

I beg to differ, a "trend" is a perfectly viable concept in technical analysis.

Technical analysis relies on analysing past results in order to take a "guess" at future performance.

I would argue that past results can be indicative of future performance. Note that I did not use a word like will or is.

Cetainly in a statistical sense past data holds some information about the future, it has to as we are talking about a continuous (albeit somewhat chaotic) signal, if you disagree with this then really ought not be posting in the "speculation" sub forum.

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g4c
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March 30, 2014, 04:04:19 PM
 #37

Just go to https://www.tradingview.com and enable indicator Linear regresion, and you have this picture.



Buy Igorr, my dear chap,

you are only considering 4 months worth of data.

newsflash: bitcoin price chart goes back a little further than that.

every rise and pennant has followed a similar pattern.

furthermore: i challenge you to find any other 2 year old chart that will stay within a logarithmic channel.


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g4c
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March 30, 2014, 04:06:54 PM
 #38



careful cbeast!

the fact that volume also goes up with log may make igorr burst a small blood vessel on his forehead. Cheesy Cheesy

but yes it certainly bodes very well for higher future prices.

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g4c
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March 30, 2014, 04:14:59 PM
 #39

LOL, LOG scale enabled, paint use or Photoshop,

Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.

Yes log scale is usefull when analysing high dynamic range data (so what?)

Yes I hand drew my analysis (so what?)

The chart in your link is considering one pennant as an isolated case, nonetheless the overall trend in your link is UP.

I must remind you AGAIN, several of these pennants have already happened and the price has remained within the overall log channel.

Rest assured I know my technical analysis, and have practiced it for over 10 years, and have written bitcoin charting software using c++.

CORTEX7 Multi exchange Bitcoin trading client for Win, Mac, Nix, Android.
igorr
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March 30, 2014, 04:22:01 PM
 #40

Check technical aanalysis:
https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be

Славься, Отечество наше свободное,
Братских народов союз вековой,
Предками данная мудрость народная!
Славься, страна! Мы гордимся тобой!
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