augustocroppo
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August 27, 2012, 06:42:41 PM Last edit: August 31, 2012, 04:21:39 AM by augustocroppo |
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augustocroppo
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August 27, 2012, 08:43:19 PM |
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time to hit 7 again ?
I speculate on your item B! All exchange markets today are very unstable.
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S3052
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August 27, 2012, 08:57:17 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhFXrh.png&t=665&c=o0aTCVyGtvCz_g) time to hit 7 again ? if 7 $ will be hit, this is not healthy..
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augustocroppo
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August 29, 2012, 12:55:41 AM Last edit: August 30, 2012, 12:45:56 AM by augustocroppo |
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augustocroppo
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August 29, 2012, 11:06:28 PM |
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btw last time when the transaction volume exploded, we were exactely at the bottom at 2 USD...
so why should this now be an indicator for negative market reaction?
You are comparing oranges and apples.
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Spekulatius
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August 29, 2012, 11:34:14 PM |
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btw last time when the transaction volume exploded, we were exactely at the bottom at 2 USD...
so why should this now be an indicator for negative market reaction?
You are comparing oranges and apples. No, I think you are jumping to wild conclusions.
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augustocroppo
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August 30, 2012, 03:36:40 AM |
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btw last time when the transaction volume exploded, we were exactely at the bottom at 2 USD...
so why should this now be an indicator for negative market reaction?
You are comparing oranges and apples. No, I think you are jumping to wild conclusions. It is not exactly conclusions, but speculation. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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augustocroppo
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August 30, 2012, 03:53:44 AM Last edit: August 30, 2012, 04:04:09 AM by augustocroppo |
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[image]
Two red doji after a shooting star is a strong sign for a bearish reversal. At least, that shows persistent resistance for the bulls. Just as I write this message, another correction at Mt.Gox throw the price to $10.6. The bears are pushing the bulls down, bit by bit.
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muyuu
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August 31, 2012, 02:24:59 PM |
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GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D) forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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Spekulatius
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August 31, 2012, 03:41:37 PM |
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that does not apply to bitcoin ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg.photobucket.com%2Falbums%2Fv256%2Fjliller%2FNotSureIfSerious.jpg&t=665&c=6LdFH4guKX1hyQ)
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Spekulatius
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August 31, 2012, 05:25:20 PM |
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that does not apply to bitcoin ![](https://ip.bitcointalk.org/?u=http%3A%2F%2F.....&t=665&c=1CknyYb1RGVtvA) check your premises then check the image then check the "herd" Trust me the cycle of investor emotions always applies;) Maybe this picture is more intuitive: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.mcgerveywealth.com%2FImages%2Fcycle-investor-emotions.jpg&t=665&c=B923LJisdxivcw) Also quite entertaining: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.marketoracle.co.uk%2Fimages%2Fdorn_14_5_07b.jpg&t=665&c=OgPsrPr32gQS9Q)
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augustocroppo
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August 31, 2012, 05:57:34 PM |
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Trust me the cycle of investor emotions always applies;)
Maybe this picture is more intuitive:
Also quite entertaining:
Indeed, it applies, but not for the entire Bitcoin network, including the exchange markets. Artificial intelligence is not influenced by emotional cycles. E.g. What is Trader Bots? Trader Bots makes it easy for you to use technical analysis in your current trading decisions. Our team trains various neural networks that analyze the stock market and over 700 individual stocks. These neural networks compete and evolve in order to maximize profits and reduce risk. http://www.traderbots.com/
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Spekulatius
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August 31, 2012, 07:21:51 PM |
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Trust me the cycle of investor emotions always applies;)
Maybe this picture is more intuitive:
Also quite entertaining:
Indeed, it applies, but not for the entire Bitcoin network, including the exchange markets. Artificial intelligence is not influenced by emotional cycles. E.g. What is Trader Bots? Trader Bots makes it easy for you to use technical analysis in your current trading decisions.
Our team trains various neural networks that analyze the stock market and over 700 individual stocks. These neural networks compete and evolve in order to maximize profits and reduce risk.
http://www.traderbots.com/ [/b] Oh boy, those encyclopedic quotes again! Are you an artificial intelligence as well quoting all those basic terms together? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Anyway, I think the emotion cycle always applies in a relatively free market made by humans with emotions. Who do you think those bots are programmed by? Right, traders that wanna make them read trends and react to market moves. Even if they are only scalping and therefore evening out swings, there are still enough human traders or human like bots that engage in panic selling, buying, manipulation and too large to reasonably comprehend market orders. In those regards the cycle of traders emotions applies to bitcoin very much. Sorry, if I come across a little agitated, I just watched an Angry Video Game Nerd marathon and am quite angry at everything right now ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Spekulatius
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August 31, 2012, 07:41:46 PM |
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https://ferroh.com/chartsNice to see on this easy to grasp price-volume correlation chart: During the last 180 days most volume was spent around the 8$ mark. So this is the stronger one of both resistances, in contrast to the other price level where a lot of volume was traded, which is the 10$ mark. The 8$ mark already stood an attack when we crashed down on it from the 15.5$ top some days ago. If 10$ breaks which seems a 50/50 possibility to me 8$ will be the real test of both, investor's emotions and the underlying uptrend that sparked the rally since we broke 5.5$. If on top of that the 8$ area would break a further plummet just above pre-rally levels like 5-6$ would be the consequence, However given the recent rumors of upcoming announcements, bitcoin related products and the soon end of Pirate-related gloom&doom I doubt that version will become reality.
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cloon (OP)
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September 04, 2012, 04:14:23 PM |
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here a my analysis to the current situation... after this fast rise over 15 USD a correction was needed! so after the 3 small correction triangles, now comes the big one. IMO the uptrend is intact. as long as under green support line is not broken (starts at 2$ bottom (out of range)) I see no change of trend. soft resistance around 12$-12.5$ (blue), hard one is the upper green line. the now building triangle is quiet stump eventually it will lengthen a bit... breakout will tell short term direction (green/red arrow). ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimage-upload.de%2Fimage%2F0Opsyn%2F56a47b07b1.jpg&t=665&c=9F2yOoYzBR0b8g) (one bar 6hours)
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donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
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mobodick
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September 04, 2012, 04:25:58 PM |
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-the now building triangle is quiet stump eventually it will lengthen a bit...
Then it won't be a triangle anymore.... Just saying.
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notme
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September 04, 2012, 05:00:40 PM |
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-the now building triangle is quiet stump eventually it will lengthen a bit...
Then it won't be a triangle anymore.... Just saying. True, but from the ashes shall arise a new triangle. A better triangle. A longer triangle.
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cloon (OP)
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September 04, 2012, 05:16:34 PM |
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-the now building triangle is quiet stump eventually it will lengthen a bit...
Then it won't be a triangle anymore.... Just saying. as long the prize is between 8$ and 14$ it could build another longer triangle over the short one... imagine: rise to 13.5, back to 9, up to 11.5, down to 10... impossible? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
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