intighet
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Activity: 83
Merit: 10
mene mene tekel upharsin
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October 22, 2014, 12:02:45 AM |
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My problem with the 3DMACD signal is that if you switch to 1WMACD, then you still see a lot of negative momentum. It is why I don't trust charts much, the signals seem to change arbitrarily depending on the scale at which you look at them.
Understanding scale with candlestick charts is definitely tricky. If you will allow it, imagine that the signals are equally true on each scale, and that the price action on each scale is also equally significant, at each respective scale. It is in this way that the price graph most directly shares attributes with fractal patterns. Just as a shoreline is chaotically jagged, but fails to smooth as you zoom out on a map (unlike, for instance, macroscopic smooth edges that are jagged and chaotic on a microscopic scale), price patterns and generalized behavior of price function operate under the same principles on all scales which is actually a very surprising and nontrivial point. |
Malus pro bono surrepat, et bonus pro malo displiceat; fallaces enim sunt rerum species, quibus credidimus.
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DustyRah
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October 22, 2014, 03:32:05 AM |
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It was a buy at $300 when a call was made to get on board the train....bummer to those who missed that ride!
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ask (OP)
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Activity: 1386
Merit: 1004
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October 22, 2014, 10:14:12 AM |
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Second 3dMACD is green. Let's wait how it will close on Friday evening.
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yefi
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Activity: 2842
Merit: 1510
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October 22, 2014, 11:41:34 PM |
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Let us make an offering at the temple of MACD and genuflect before him. The sun will shine, the rain will tend the earth and our crops will grow to the skies. All hail the mighty benefactor of the harvest and spread his prophecies unto the unconverted. 2011-10-29.  |
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brg444
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October 22, 2014, 11:45:31 PM |
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Let us make an offering at the temple of MACD and genuflect before him. The sun will shine, the rain will tend the earth and our crops will grow to the skies. All hail the mighty benefactor of the harvest and spread his prophecies unto the unconverted. 2011-10-29. so you had to go back 3 years, when 3 day trading volume was less than 500 BTC  |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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yefi
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Activity: 2842
Merit: 1510
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October 23, 2014, 02:29:25 AM |
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Let us make an offering at the temple of MACD and genuflect before him. The sun will shine, the rain will tend the earth and our crops will grow to the skies. All hail the mighty benefactor of the harvest and spread his prophecies unto the unconverted. 2011-10-29. so you had to go back 3 years, when 3 day trading volume was less than 500 BTC If we had gone back three years and it had agreed would it not have reaffirmed the pattern in your mind? Do not the very people in this thread go far back to reaffirm the pattern? Three day volume was over 160,000 BTC. We're looking at Gox here btw, not Bitstamp which was just an infant on Hazek's teat then. |
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kwukduck
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Activity: 1937
Merit: 1001
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October 23, 2014, 05:07:32 AM |
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Well i guess we can forget about that up trend now....  |
14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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ask (OP)
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Activity: 1386
Merit: 1004
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October 23, 2014, 06:49:46 AM |
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Well i guess we can forget about that up trend now.... No. We are still on track. Just hold another couple of days. |
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inca
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Activity: 1176
Merit: 1000
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October 23, 2014, 12:51:51 PM |
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Well i guess we can forget about that up trend now.... No. We are still on track. Just hold another couple of days. Still likely a shake out  |
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NotLambchop
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October 23, 2014, 01:23:51 PM |
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Well i guess we can forget about that up trend now.... No. We are still on track. Just hold another couple of days.  |
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yayayo
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Activity: 1806
Merit: 1024
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October 23, 2014, 01:56:37 PM |
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Well i guess we can forget about that up trend now.... No. We are still on track. Just hold another couple of days. You should admit that we just saw a false signal. If you had programmed an algorithmic trading system based on the 3d MACD it would have incurred a loss. If trading on the signals of a single indicator would lead to proftable results, any idiot would do it. Markets don't work like this. ya.ya.yo! |
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ask (OP)
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October 25, 2014, 05:00:22 AM |
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Third bar is green.
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DonYo
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October 25, 2014, 07:31:02 AM |
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There were 4 red bars before the 1100 take off... |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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wobber
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October 25, 2014, 02:20:45 PM |
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I have found it. The Pattern. Everytime the price goes up a little, it goes even more down! Note that there was no true increase, when it went up more, it went down even more. Just a speculative pattern.  |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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BlindMayorBitcorn
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October 25, 2014, 02:29:25 PM |
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Well i guess we can forget about that up trend now.... No. We are still on track. Just hold another couple of days.This was officially the worst advice ever LOL Retrospect yo |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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Tzupy
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October 25, 2014, 02:30:08 PM |
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@wobber: Most of the large ones are sub-sub-waves of wave C. Some smaller are sub-sub-sub waves, others don't matter due to low volume.
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Sometimes, if it looks too bullish, it's actually bearish
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BlindMayorBitcorn
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Merit: 1115
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October 25, 2014, 02:31:58 PM |
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Well i guess we can forget about that up trend now.... No. We are still on track. Just hold another couple of days. Swim after the boat that is NOT sinking. Now I get it |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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ask (OP)
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Merit: 1004
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October 27, 2014, 07:32:05 PM |
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Fourth green 3dMACD bar is coming |
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SnokkomBTC
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October 27, 2014, 07:40:37 PM |
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Fourth green 3dMACD bar is coming Yeah, is a short squeeze coming?  |
Sometimes, if it looks too bearish, it's actually bullish
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