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bananaControl
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Activity: 322
Merit: 250
Decentralize All The Things!
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June 17, 2014, 09:39:42 AM |
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My guess would be that we are stuck in a bearish mode until after the FBI auction. People with money want it that way.
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p0peji
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June 17, 2014, 11:59:52 AM |
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My guess would be that we are stuck in a bearish mode until after the FBI auction. People with money want it that way.
^ this. On the other hand if 590$ is bearish I am thrilled to see what bullish looks like. |
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TERA
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June 17, 2014, 12:23:08 PM |
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 Get your limbo stick ready. |
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Dragonkiller
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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June 17, 2014, 04:19:41 PM |
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Get your limbo stick ready. Are you this pessimistic in all aspects of your life? |
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Gingermod
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June 17, 2014, 04:31:40 PM |
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Get your limbo stick ready. Are you this pessimistic in all aspects of your life? Don't bother, he relies on psychics and moon cycles for his predictions. |
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natewelt
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June 17, 2014, 04:37:32 PM |
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An ugly inverse head and shoulder appeared. It is ugly because there is a lot of choppy price actions. However, the most important point is that if we break above the trendline, it will be up. If not, we are stuck in this limbo state and imo bearish since we are in a short term down trend.  Inverse head and shoulders chart patterns are bullish not bearish. The bearish one is the head and shoulders pattern, but this is inverse. Usually an inverse head and shoulders pattern signifies a bottom or a break of a downtrend. |
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ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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June 17, 2014, 06:08:03 PM |
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An inverse head and shoulders is a bullish pattern typically indicating a reversal from a bearish trend. It is of course very ugly if one is a bear.
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vabtc
Jr. Member
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Activity: 55
Merit: 4
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June 17, 2014, 06:13:20 PM |
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Inverse head and shoulders chart patterns are bullish not bearish.
That's what I was thinking, too. I don't day trade tho so meh.. carry on. |
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Argwai96
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Merit: 1000
Thug for life!
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June 17, 2014, 06:28:39 PM |
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Looks pretty bullish to me. Hardly even retraced much on that right shoulder. This should pop up to that 23.6% of the rally ~ $625-630.
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ibankbitcoins (OP)
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June 17, 2014, 06:32:46 PM |
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Classic TA books say that a confirmed inverse head and shoulder is bullish (above trendline). The pattern itself is not.
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ibankbitcoins (OP)
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June 17, 2014, 09:10:35 PM |
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Breakout of the trendline NOW!. Waiting for the bar to close, if it is confirmed. Classic TA says target will be 660usd/btc.
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TERA
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June 17, 2014, 10:04:06 PM |
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Get your limbo stick ready. Are you this pessimistic in all aspects of your life? How is this pessimistic? You can clearly see that the next major move after the point I am pointing to is upwards. Is having to wait 2 weeks before your breakout that awful and pessimistic to you guys? Are you that impatient? |
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Dragonkiller
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Activity: 378
Merit: 250
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June 17, 2014, 10:12:34 PM |
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Get your limbo stick ready. Are you this pessimistic in all aspects of your life? How is this pessimistic? You can clearly see that the next major move after the point I am pointing to is upwards. Is having to wait 2 weeks before your breakout that awful and pessimistic to you guys? Are you that impatient? Yes, we must go to the moon now  Admittedly this post wasn't that bad, but the vast majority of your posts are very pessimistic. |
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natewelt
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June 17, 2014, 11:11:21 PM |
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Classic TA books say that a confirmed inverse head and shoulder is bullish (above trendline). The pattern itself is not.
Inverse is usually associated with a bottom and a regular head and shoulders pattern is usually associated with a top. I would argue that the inverse is either bullish or neutral, but most certainly isn't bearish. Whether it breaks to the upside or downside though will tell us which it is in this instance... |
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ibankbitcoins (OP)
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June 18, 2014, 06:15:40 AM
Last edit: June 18, 2014, 07:06:12 AM by ibankbitcoins |
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Going up boys! http://imgur.com/cIKlYueVolume is a little low for the breakout. I would be concerned if volume doesn't pick up or if it fall back down below the trendline draw on chart. |
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TERA
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June 18, 2014, 08:43:16 AM |
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Going up boys! http://imgur.com/cIKlYueVolume is a little low for the breakout. I would be concerned if volume doesn't pick up or if it fall back down below the trendline draw on chart. Why do you call us 'boys'? It sounds like something from a penny stock forum and makes me trust you less. |
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