TrollinU
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https://eloncity.io/
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November 10, 2014, 04:27:02 AM |
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8th green bar started today ...
For it to be 8th green in a row we should assume that red (the 5th bar) is green too.  Under this assumption (red is green) it's even better that 8th green bar, it's 800th+  Focus on word STARTED. Also 5th bar started green, later it turned to red. So...! I started the night with one beer. Does that mean I will get a DUI? Who knows? There isn't enough information to tell right now. So I end up hammered and I get pulled over and the cop asks me "Mr.Ryan, how many drinks have you had tonight?" and I respond "well, I started with one, and proceeded to drink 27 more" Cop:"You're going to jail" Me:"But, I started with just one!" The moral of the story is that the start is irrelevant. A lot of shit can happen between the open and the close. The close is the only thing that matters. So we are officially at two green 3D MACD bars with a third in the works. LOL It sounds to me like someone is trying to get some hype stirring because his newly acquired Bitcoins are under water  |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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ask (OP)
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Activity: 1386
Merit: 1004
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November 10, 2014, 04:28:56 AM |
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 8th green bar started today ...
For it to be 8th green in a row we should assume that red (the 5th bar) is green too. Under this assumption (red is green) it's even better that 8th green bar, it's 800th+ Focus on word STARTED. Also 5th bar started green, later it turned to red. So...! I started the night with one beer. Does that mean I will get a DUI? Who knows? There isn't enough information to tell right now. So I end up hammered and I get pulled over and the cop asks me "Mr.Ryan, how many drinks have you had tonight?" and I respond "well, I started with one, and proceeded to drink 27 more" Cop:"You're going to jail" Me:"But, I started with just one!" The moral of the story is that the start is irrelevant. A lot of shit can happen between the open and the close. The close is the only thing that matters. So we are officially at two green 3D MACD bars with a third in the works. So... Cheers! And let's wait for START of 9th bar on Wednesday 
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ask (OP)
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Activity: 1386
Merit: 1004
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November 10, 2014, 05:26:21 AM
Last edit: November 10, 2014, 05:55:04 AM by ask |
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8th green bar started today ...
For it to be 8th green in a row we should assume that red (the 5th bar) is green too. Under this assumption (red is green) it's even better that 8th green bar, it's 800th+ Focus on word STARTED. Also 5th bar started green, later it turned to red. So...! I started the night with one beer. Does that mean I will get a DUI? Who knows? There isn't enough information to tell right now. So I end up hammered and I get pulled over and the cop asks me "Mr.Ryan, how many drinks have you had tonight?" and I respond "well, I started with one, and proceeded to drink 27 more" Cop:"You're going to jail" Me:"But, I started with just one!" The moral of the story is that the start is irrelevant. A lot of shit can happen between the open and the close. The close is the only thing that matters. So we are officially at two green 3D MACD bars with a third in the works. LOL It sounds to me like someone is trying to get some hype stirring because his newly acquired Bitcoins are under water Yes. I am drawing thoose green bars. As I said before, expect new one on Wednesday. I also have a feeling that in the near future I will need more green chalks. |
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ask (OP)
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Merit: 1004
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November 12, 2014, 12:55:21 AM |
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New green bar...
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blumangroup
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Activity: 350
Merit: 250
'Slow and steady wins the race'
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November 12, 2014, 01:15:09 AM |
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8th green bar started today ...
For it to be 8th green in a row we should assume that red (the 5th bar) is green too. Under this assumption (red is green) it's even better that 8th green bar, it's 800th+ Focus on word STARTED. Also 5th bar started green, later it turned to red. I don't think technical analysis is a very good indicator as to what the price will be tomorrow (or in the future). There are too many outside influences to the price of bitcoin that are unknown to the "market" for this to reliably work |
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Capt Drake
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November 14, 2014, 03:12:05 PM |
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8th green bar started today ...
For it to be 8th green in a row we should assume that red (the 5th bar) is green too. Under this assumption (red is green) it's even better that 8th green bar, it's 800th+ Focus on word STARTED. Also 5th bar started green, later it turned to red. I don't think technical analysis is a very good indicator as to what the price will be tomorrow (or in the future). There are too many outside influences to the price of bitcoin that are unknown to the "market" for this to reliably work Yeah, indeed it's very difficult to predict exactly how the price will perform, although the market is based on human behaviour and you can tell sometimes when the trend is going up or down, it's obvious for most people. If the market is performed by human beings that make decisions, the read of the market is more in the psychologial level than in the price per se. Therefore, if in the past the price performed in one way, it can be performed again many times in the smae pattern. Just look how the altcoins pump and dump, it's the same thing over and over, the same patterns, even the same charts. |
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ask (OP)
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Merit: 1004
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November 14, 2014, 05:14:00 PM
Last edit: November 14, 2014, 06:48:27 PM by ask |
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THE BEST thing is that 10th 3dMACD bar will start green tomorrow. SO BULLISH.
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jaredboice
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November 15, 2014, 12:19:29 AM |
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it would be rad if someone could explain what a 3dMACD is and it's significance (and with a visual!)  |
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jaredboice
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November 15, 2014, 12:23:12 AM |
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and where can I see a chart that shows this info?
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RyNinDaCleM
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Legen -wait for it- dary
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November 15, 2014, 12:25:59 AM |
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it would be rad if someone could explain what a 3dMACD is and it's significance (and with a visual!) MACD=Moving Average Convergence and Divergence. The histogram (vertical bar graph) gets higher when the signal line (blue) moves above the EMA of MACD (purple) And goes into negative when the signal drops below the EMA. The height of the histo bars is the difference between the signal and the EMA. MACD is the difference between two moving averages. The 12 period (in the 3 day MACD, 36 days) and the 26 period (78 days). The purple line is an exponential average that takes 9 periods of the blue line to calculate  |
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Wilhelm
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November 15, 2014, 12:26:36 AM |
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it would be rad if someone could explain what a 3dMACD is and it's significance (and with a visual!) 3day MACD MACD is one of the most popular technical indicator. Wikipedia has info on it. I can't explain what people mean with the 3 day since MACD is a combination of three moving averages with different periods. Usually they say a MACD 29-12-9 or something to indicate the three periods. From wikipedia in visual format ;-)  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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jaredboice
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November 15, 2014, 01:17:45 AM |
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Thanks guys! I think I get it. So the 3-day MACD (3dMACD) is basically just the MACD but averaged out over 3 day periods...Hence why the 3dMACD of the 12 period is 36 days (12 x 3). Had to read wiki for further information. Definitely a lot to wrap your brain around
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Wilhelm
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November 15, 2014, 01:55:51 AM |
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Thanks guys! I think I get it. So the 3-day MACD (3dMACD) is basically just the MACD but averaged out over 3 day periods...Hence why the 3dMACD of the 12 period is 36 days (12 x 3). Had to read wiki for further information. Definitely a lot to wrap your brain around
Yep it's pretty elegant and complex at the same time . |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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Wary
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November 15, 2014, 02:37:51 AM |
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it would be rad if someone could explain what a 3dMACD is and it's significance (and with a visual!) 3day MACD MACD is one of the most popular technical indicator. Wikipedia has info on it. I can't explain what people mean with the 3 day since MACD is a combination of three moving averages with different periods. Usually they say a MACD 29-12-9 or something to indicate the three periods. From wikipedia in visual format ;-) Here how you set and see it:  |
Fairplay medal of dnaleor's trading simulator.
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ask (OP)
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November 15, 2014, 10:54:28 AM |
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... and 10th bar started green today ...
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jaredboice
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November 15, 2014, 12:21:43 PM |
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... and 10th bar started green today ...
When is the last time that happened in Bitcoin history? |
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pabloangello
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November 15, 2014, 12:32:34 PM |
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... and 10th bar started green today ...
When is the last time that happened in Bitcoin history? Set up charts like few post above and review it. |
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ask (OP)
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November 15, 2014, 01:00:19 PM |
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... and 10th bar started green today ...
When is the last time that happened in Bitcoin history? This was allways indicator that a bubble is around the corner. |
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pabloangello
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November 15, 2014, 01:18:51 PM |
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... and 10th bar started green today ...
When is the last time that happened in Bitcoin history? This was allways indicator that a bubble is around the corner. After each bubble (at peak) there was this scheme: red -> green -> red -> greeeeeeeeeeen Bubble And now we are in this second green stage (but with a very small one red bar). It will not give you 100% certainity that there will be new bubble soon anyway... |
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ask (OP)
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November 15, 2014, 01:33:23 PM |
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After each bubble (at peak) there was this scheme: red -> green -> red -> greeeeeeeeeeen Bubble
And now we are in this second green stage (but with a very small one red bar).
It will not give you 100% certainity that there will be new bubble soon anyway...
And that red bar could be ignored because it was just oscillation around 0 (its value was -0.5649 @Bitstamp). |
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