Chart Porn: 30d and 6mo trends.

[BitcoinAshley]

A friend just sent me this chart with lines on it, and it conclusively proves that we will be going "2 Da Moon Soon." 

[cbeast]

Maybe if those were lines of coke. Wait, did I say that out loud?

[TrollinU]

LOL conclusive proof, eh?

It says right on the chart "Maybe, maybe not" and 380 is not the break out point. Maybe $480 according to my charts

[BitcoinAshley]

LOL conclusive proof, eh?

It says right on the chart "Maybe, maybe not" and 380 is not the break out point. Maybe $480 according to my charts

Well, anything could happen. You could grow a third arm tomorrow. Gold prices could go up. (lol)

[coinableS]

 

[BitcoinAshley]

There, more charts with lines. NOW it's conclusive. 

[RyNinDaCleM]

img

                                                                                                                                                       You don't think this,
Looks a lot like this? (mainly the EMA's)

Also, that isn't a double bottom in the RSI. It made lower lows with the price. The volume has picked up a bit, but it just looks like a suckers rally. The wave structure is a terrible way to start a bull market, all 3's.

[podyx]

rynindaclem, I thought you was bullish??

[coinableS]

Also, that isn't a double bottom in the RSI. It made lower lows with the price.

RSI crossed below into oversold territory twice in a short time period and then proceeded to rise steadily. Double bottom probably wasn't the best terminology but call it what you want, it's still a bullish signal. 

[RyNinDaCleM]

Also, that isn't a double bottom in the RSI. It made lower lows with the price.

RSI crossed below into oversold territory twice in a short time period and then proceeded to rise steadily. Double bottom probably wasn't the best terminology but call it what you want, it's still a bullish signal. 

Short term, sure
The indicators are doing exactly what they are supposed to be doing in this circumstance. Reverting to neutral before one last attempt at the lows to see how it is received.

podyx,
Short term I am. My two charts are still looking/feeling like the smooth flow that was needed. But ultimately, I am bearish until we get a retest of $275. This doesn't mean a break, or even hitting it, but a high volume, convincing rejection would suffice.

[piramida]

I read 'child porn'

You should not really leave such confessions on the internet you know.

[Afrikoin]

img

                                                                                                                                                       You don't think this,
Looks a lot like this? (mainly the EMA's)

Also, that isn't a double bottom in the RSI. It made lower lows with the price. The volume has picked up a bit, but it just looks like a suckers rally. The wave structure is a terrible way to start a bull market, all 3's.

what do you mean when you say The wave structure ?

[RyNinDaCleM]

img

IMG snipped
                                                                                                                                                       You don't think this,
Looks a lot like this? (mainly the EMA's)

Also, that isn't a double bottom in the RSI. It made lower lows with the price. The volume has picked up a bit, but it just looks like a suckers rally. The wave structure is a terrible way to start a bull market, all 3's.

what do you mean when you say The wave structure ?

Mainly the move off the 275 bottom (but the whole thing since, really), appears to be more of a 3 wave structure which is corrective. The daily chart looks like 5 waves, but the inner structure of those waves tells me it's corrective. Take a look at the black chart from my last post.

[billyjoeallen]

There was no damn double bottom. The second bottom has to have HIGHER volume than the first and we didn't even come close. There is likely to be a retest of ~$300 support.

[FUR11]

Another $300s or even high-$200s retest, guys? Aww, come on, this is killing me! Well, at least it isn't too late for a January or maybe spring-rallye. If we go into June without some serious action, the summer will be dull again. What a depressing year, chart-wise!

[cbeast]

The only thing sadder than this thread.

[cbeast]

When you're crying, I'm buying.

[NotLambchop]

When you're crying, I'm buying.

When you're buying, I'm laughing.

Doesn't rhyme, but totally true

[cbeast]

When you're crying, I'm buying.

When you're buying, I'm laughing.

Doesn't rhyme, but totally true

I'm sure you hide your tears well.

[fewcoins]

LMFAO More idiots guaranteeing something they can't even calculate... hilarious. You guys should probably take chart reading classes because "2 DA MOON" charts have been coming out all year & look at where we are?!