ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 03:20:48 PM |
|
This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements,
|
|
|
|
SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 03:26:24 PM |
|
This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements, Daily 10,20 and 50 SMA are all pointing up... thats a funny sideways trend...
|
|
|
|
Mike Jones
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 03:30:16 PM |
|
This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements, Daily 10,20 and 50 SMA are all pointing up... thats a funny sideways trend... He's probably still sold at 8.95.
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 04:25:17 PM |
|
I have one word for each of you two:
lagging indicators.
|
|
|
|
SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 04:30:29 PM |
|
I have one word for each of you two:
lagging indicators.
Could you share your leading indicators with us? Thanks.
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 04:35:55 PM |
|
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
|
|
|
|
SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 04:45:30 PM |
|
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
So if all indicators are lagging indicators, what significance did your two words, "lagging indicators" have?
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 04:47:59 PM |
|
I haven't said that do you comprehend the non- prefix?
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
|
|
|
|
SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 04:53:32 PM |
|
I haven't said that do you comprehend the non- prefix?
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
I should have made more of a point of disagreement that a candlestick or candlestick pattern is an instantaneous indicator. For instance a hammer candle doesnt indicate anything until it has a confirmation candle following it. This says to me that the candlesticks are also a lagging indicator. But even following your reasoning... today's candle is higher than yesterdays candle, and my lagging indicators confirm this. Where is the sideways again?
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 05:02:06 PM |
|
I haven't said that do you comprehend the non- prefix?
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
I should have made more of a point of disagreement that a candlestick or candlestick pattern is an instantaneous indicator. For instance a hammer candle doesnt indicate anything until it has a confirmation candle following it. This says to me that the candlesticks are also a lagging indicator. But even following your reasoning... today's candle is higher than yesterdays candle, and my lagging indicators confirm this. Where is the sideways again? I use them on a smaller timescale. (6 hours) You see a doji after the "breakout" which suggests the market is being pushed upwards. Then an inverted hammer and currently a "minus" (alas no movement) which suggests resistance at the current levels.
|
|
|
|
thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 05:16:42 PM |
|
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Previous highs above 9 have been blips without conviction and without sell-side volume. In fact one may have been caused by the hack of the bitcoinica act on mt gox. IMHO this is the first push above 9 that has any conviction.
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 05:23:36 PM |
|
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Previous highs above 9 have been blips without conviction and without sell-side volume. In fact one may have been caused by the hack of the bitcoinica act on mt gox. IMHO this is the first push above 9 that has any conviction. Yes, still they are valid for estimating resistance levels and they aren't related to anything except fat finger trades. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fferroh.com%2Fcharts%2F60day_small_zero.png%3F1343754963&t=665&c=U2VdNRRKBPVrtQ)
|
|
|
|
thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 31, 2012, 05:47:27 PM |
|
I propose that they are not that valid for estimating resistance levels. I think that that nugget learned from stock markets may not apply to such an illiquid market like BTC. I mean intraday stock prices are still the effect of significant market participation in terms of raw #s of people. But in the BTC markets a single individual can (and did) set those prior highs, and in fact may have done so solely as a pump and dump.
I think we saw a lot of resistance breaking 9. But didn't the convictionless highs push thru 9 like it did not exist, topping out at 9.5-9.7?
Looking at the sell-side it seems like we will see a lot of resistance at 10, I guess we'll probably find out in the next week or so whether that resistance reforms at 9.7 or whether it stays at 10...
|
|
|
|
oakpacific
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2012, 06:12:16 AM |
|
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
What about Last high was 31.9 last low 2.0. Anything in-between is sideways. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
kentrolla
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2012, 09:51:18 AM |
|
*chanting* Lets go bears lets go!
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2012, 09:57:49 AM |
|
*chanting* Lets go bears lets go!
Uhhhh yeaaahh....we're in a bull market...but you can dream ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
|
|
|
kentrolla
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2012, 10:03:35 AM |
|
*chanting* Lets go bears lets go!
Uhhhh yeaaahh....we're in a bull market...but you can dream ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) u just wait. all the bears are going to be screaming "GOAL!!!" soon
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
kentrolla
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2012, 10:46:50 AM |
|
here it comes.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
Yuhfhrh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2012, 10:49:11 AM |
|
here it comes.
*Holds breath* ![Lips sealed](https://bitcointalk.org/Smileys/default/lipsrsealed.gif)
|
|
|
|
kentrolla
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2012, 10:52:54 AM |
|
here it comes.
*Holds breath* ![Lips sealed](https://bitcointalk.org/Smileys/default/lipsrsealed.gif) sec, gotta wait for my btc to arrive at gox *facepalm*
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
|