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MatTheCat
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May 11, 2014, 02:28:28 AM |
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This is where I point out that crypt does not really do TA tooo well ..
We may hang out in this channel for the next 4-5 weeks but it wont break the 415 support point ...sub 300 would have happened about 2 weeks ago IMHO
It may be a very long and slow steady climb...china FUD effect is finished
That is the sort of thing that I liked to think back when I was too lazy to learn about TA. Since I have learned a bit about TA, I don't think that any more. Zoom out to the bigger picture and Bitcoin does TA fantastically well and there are plenty good analysts out there who are calling Bitcoin every bit as good as they call Forex, the Dow, Gold, etc. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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HeliKopterBen
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May 11, 2014, 03:02:46 AM
Last edit: May 11, 2014, 03:27:04 AM by HeliKopterBen |
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This is where I point out that crypt does not really do TA tooo well ..
We may hang out in this channel for the next 4-5 weeks but it wont break the 415 support point ...sub 300 would have happened about 2 weeks ago IMHO
It may be a very long and slow steady climb...china FUD effect is finished
That is the sort of thing that I liked to think back when I was too lazy to learn about TA. Since I have learned a bit about TA, I don't think that any more. Zoom out to the bigger picture and Bitcoin does TA fantastically well and there are plenty good analysts out there who are calling Bitcoin every bit as good as they call Forex, the Dow, Gold, etc. IMO bitcoin has been easier to trade with TA than any other market. The major uptrends have been solid, staying within channels with very little retesting and emcompassing an order of magnitude or more. The initial crashes have typically been solid with typical dead cats. Of course this will not continue and may have already ended but I'm betting we will see at least one more solid, shorter term pattern encompassing an order of magnitude or more. |
Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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windjc
Legendary
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Activity: 2156
Merit: 1070
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May 11, 2014, 05:37:24 PM |
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As for DanV, he has been calling Bitcoin correct for months. Everyone else has not. Just watched a video of his from Jan 5th, on the eve of the $995 top, and he was stating that his analysis was telling him that we could expect a retest of the $450 low (he was using MtGox charts back then). Who else was stating that back then? No cunt! He was right, everyone else was wrong, which would suggest to me that DanV has the all important context of his EW cycles correctly aligned, whereas everyone else doesn't.
well thats just plain false. I doubt there are any other EW analysts that you know of. My count is yet to be validated, so you cannot say so much about mine. You've had so many fucking counts invalidated, if they were steps we could all walk up and touch the moon ourselves, without bitcoin's help. You talk a good talk, but you are biased towards being a bull - you only see bullish things. You are not impartial. At any rate, if you are wrong about this, will you stop posting your charts on this forum for a while - say 6 months? say hows that bet going ay ol buddy windjc? seems like you have missed out by a few yuan. must have been a critical juncture ay? did you take my advice to buy at 430? lol. I know how much money you've lost being contrary so you say. Im a winner and I cant wait for you to fill my sell orders. Hahahahahahahaha. What were you saying? PS I really love the fact that you already went and edited the bolded sentence out of your post. Too bad others quoted you. |
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p0peji
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May 11, 2014, 07:09:53 PM |
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As for DanV, he has been calling Bitcoin correct for months. Everyone else has not. Just watched a video of his from Jan 5th, on the eve of the $995 top, and he was stating that his analysis was telling him that we could expect a retest of the $450 low (he was using MtGox charts back then). Who else was stating that back then? No cunt! He was right, everyone else was wrong, which would suggest to me that DanV has the all important context of his EW cycles correctly aligned, whereas everyone else doesn't.
well thats just plain false. I doubt there are any other EW analysts that you know of. My count is yet to be validated, so you cannot say so much about mine. You've had so many fucking counts invalidated, if they were steps we could all walk up and touch the moon ourselves, without bitcoin's help. You talk a good talk, but you are biased towards being a bull - you only see bullish things. You are not impartial. At any rate, if you are wrong about this, will you stop posting your charts on this forum for a while - say 6 months? say hows that bet going ay ol buddy windjc? seems like you have missed out by a few yuan. must have been a critical juncture ay? did you take my advice to buy at 430? lol. I know how much money you've lost being contrary so you say. Im a winner and I cant wait for you to fill my sell orders. Hahahahahahahaha. What were you saying? PS I really love the fact that you already went and edited the bolded sentence out of your post. Too bad others quoted you. Well he is winning at getting his EW analysis wrong as many consecutive times as possible. |
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BitcoinNational
Legendary
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Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
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May 12, 2014, 11:53:13 AM |
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I think it's turning around. I see a strong correlation between Google Trends and the USD price. Check out http://cryptocoinstats.com/interesttracker.php for more. I checked Google Trends today and it looks like Bitcoin searches for May will be higher in April. I think that's a good sign that things will be turning around. ^^^^^^  that is some cool data  |
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notbatman
Legendary
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Activity: 2212
Merit: 1038
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May 13, 2014, 11:37:05 AM |
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jcoin200 (OP)
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May 20, 2014, 02:58:55 PM |
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Today's movement suggests that we are, not sure if there is something in the works behind the scenes or if everyone has finally agreed that price has definitely bottomed out and now is a good time to jump aboard. Either way...hold on for the ride!
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Malin Keshar
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May 20, 2014, 03:10:04 PM |
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I do agree with those that said people are waiting to enter the market. Bad news attract attention, people gets curious and enter the market. Even if one out of 100 get past the bad news, the market effect will be huge.
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Galahad
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May 23, 2014, 02:49:15 PM
Last edit: May 23, 2014, 04:12:22 PM by Galahad |
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There has been a lot of time out with a lot of infrastructure, marketing, education going on. I think that's all good but I feel that it is coming to an end now. I also think a log of people have been clinging on to MT Gox in the hope of getting coins back. Once that's put behind us then we can move on from that and concentrate on what comes next.
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GogglesPisano
Member
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Activity: 68
Merit: 10
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May 24, 2014, 02:02:57 PM |
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I think the price will be substantially higher by the end of the year. There has been a lot of talk of big wall street money flowing in and I do think that will happen starting in September at the latest.
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