The BIG picture, Price Prediction Chart.

[igorr]

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[knightcoin]

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

[segeln]

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]

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

Bitstamp $442 USD,  Titanik

View Screen Capture

[segeln]

LOL, despair

[igorr]

LOL, despair

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

[cbeast]

[igorr]

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.

[Chris_Sabian]

Past results are not indicative of future performance

[igorr]

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/

[cbeast]

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.

[igorr]

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

[g4c]

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.

[g4c]

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.

[g4c]

careful cbeast!

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

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

[g4c]

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++.

[igorr]

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

[g4c]

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

I did, and i do not agree with it.

P.S.
I added your name to my web page, see if you can find it

http://www.ledset.com/cortex7/index.htm

So to back up my standing I can honestly tell you that I have written a "professional charting application"

Can you say the same Igorr... Can you?

Oh it also was written for PocketPC back in the day:

http://www.ledset.com/pocketcharts/index.htm

PWNED!

[mrbrt]

Thanks for the logarithmic chart, g4c - been looking for it. Made it my desktop background to chase those sell sell sell demons away 

[roslinpl]

This is looking good IMO too

Skyrocket is almost ready to launch

Have you fasten your seatbelt?

We are going to the moon! soon ...