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Author Topic: I just made a chart  (Read 2194 times)
ElectricMucus
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July 02, 2012, 04:10:49 AM
 #1



Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica  Roll Eyes )

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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ineededausername
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July 02, 2012, 04:14:48 AM
 #2

I don't think we're nearly that euphoric yet.  This rally has a while before it sputters...

(BFL)^2 < 0
proudhon
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July 02, 2012, 04:15:53 AM
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Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica  Roll Eyes )

Seems plausible, even likely, to me.  Don't care, though.  I'm too lazy to get all my bitcoins out of offline storage and into the exchanges.  I'll ride it out.
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July 02, 2012, 05:06:07 AM
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Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica  Roll Eyes )

Everyone was waiting for a head and shoulders pattern with a finger on the sell button, many did not wait, but it still is above the neckline.
humanitee
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July 02, 2012, 05:44:38 AM
 #5

I think Bitcoin is holding pretty damn well coming out of a weekend. No dip really.

I don't believe your chart. This week will be interesting.
the joint
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July 02, 2012, 05:55:54 AM
 #6

This chart is garbage.

Seriously?   A buck-fifty "new paradigm?"  Since when does that constitute any type of bubble?   20% over a period of 8 weeks?  We used to see 20% shifts over a period of 24-hours on a regular basis, and not once did anyone suggest any sort of a bubble.

June was a bubble.  A few hundred percent is a bubble.  Not 20%, and not over a period of 8 weeks when you're approaching the reward halving.

Try extending the charts back 14 months and see how it fits.

Volatility is simply decreasing.  In fact, volatility has been much lower for pretty much the entire span of your chart, and that's why 20% looks out of the ordinary.  Your chart is downright autistic.

Edit:  But it is pretty Cheesy

Bigpiggy01
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July 02, 2012, 06:23:56 AM
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Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica  Roll Eyes )



Fixed that for you so the civilized world can see what's going on as well.


June was a bubble.  A few hundred percent is a bubble.  Not 20%, and not over a period of 8 weeks when you're approaching the reward halving.

Try extending the charts back 14 months and see how it fits.

Volatility is simply decreasing.  In fact, volatility has been much lower for pretty much the entire span of your chart, and that's why 20% looks out of the ordinary.  Your chart is downright autistic.

Edit:  But it is pretty Cheesy

+1

cloon
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July 02, 2012, 10:25:44 AM
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your analysis is absolutely out of concept... there is no bubble, there was no big media attention, no puplic arriving. the bear trap was at 6/11 not at 5/10
bitcoin is growing and it follows straight the rules of tecnical analysis! trendlines are very exact. (but dont forget the indicators and oscillators;-))

i think the real rocket did not start yet! correction til 6.4 possible. if break we'll test 5.80-5.90
but if we brake 6.80 way is free to break the serious resistance at 7.20.
*just a clue*

the european crisis will go really bad and give Bitcoin a push in acceptance and usage.
BTW: the USA is also bankrupt

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ElectricMucus
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July 02, 2012, 11:22:12 AM
 #9

nice chart. lets wait and see if we don't break 7 tomorrow it's even less worth than mine.



the european crisis will go really bad
yes

and give Bitcoin a push in acceptance and usage.
even at the worst times that hasn't affected BTC whatsoever.

BTW: the USA is also bankrupt

they have been for over a decade.




First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Raoul Duke
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July 02, 2012, 11:34:23 AM
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I can see it so much better now, without the damn scroll bar and with a link to the full size image Roll Eyes

proudhon
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July 02, 2012, 11:52:58 AM
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I can see it so much better now, without the damn scroll bar and with a link to the full size image Roll Eyes

Stop being lazy and go get one of these.  Sheesh.
Raoul Duke
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July 02, 2012, 11:57:07 AM
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Stop being lazy and go get one of these.  Sheesh.

That wouldn't solve my problem as I use the Blackbox theme, which is a fixed width theme Wink

Also, I despise desktop computers as they consume too much electricity. I only have laptops.
The closest I have to a desktop are the servers, but those are hosted at datacenters lol

cloon
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July 02, 2012, 12:24:29 PM
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nice chart. lets wait and see if we don't break 7 tomorrow it's even less worth than mine.

i think $7 should be broken within the next 7 days, if $7 holds we'll build a triangle until we break out of it. (down to 6.40/6.50, up to 6.80)

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cloon
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July 02, 2012, 12:49:41 PM
 #14

A Chart of BTC/CNY btcnCNY
looks like a parabolic curve, and we're at the 2nd step
http://www.chartpattern.com/parabolic_curve.html
different currencies like USD,EUR and CNY do correlate


looks also like parabolic curve
A chart of BTC/EUR MtGox

XD

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Spekulatius
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July 02, 2012, 10:35:03 PM
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your analysis is absolutely out of concept... there is no bubble, there was no big media attention, no puplic arriving. the bear trap was at 6/11 not at 5/10
bitcoin is growing and it follows straight the rules of tecnical analysis! trendlines are very exact. (but dont forget the indicators and oscillators;-))

i think the real rocket did not start yet! correction til 6.4 possible. if break we'll test 5.80-5.90
but if we brake 6.80 way is free to break the serious resistance at 7.20.
*just a clue*

the european crisis will go really bad and give Bitcoin a push in acceptance and usage.
BTW: the USA is also bankrupt


WHY U DRAW SO MANY LINES!!??? TOO MANY!!
Less lines means better charts, means you focus on what you think is important, IF you know what is. --> Pls show some of your wits, dont hide behind a forest of lines PLS!
TraderTimm
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July 03, 2012, 07:20:02 AM
 #16

I see a decent rise without an exponential blow-off, which was worrying me slightly before we retraced back from the highs near 6.80 - seems to me we're backfilling and being quite orderly about it.

I probably should mention that I've been following/making charts for over 10 years in different trading instruments. Just keep your eye on the 6.80's for breakout potential, though I'd still buy it on a retrace to 6.10

fortitudinem multis - catenum regit omnia
cloon
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July 22, 2012, 12:06:17 PM
 #17



your analysis is absolutely out of concept... there is no bubble, there was no big media attention, no puplic arriving. the bear trap was at 6/11 not at 5/10
bitcoin is growing and it follows straight the rules of tecnical analysis! trendlines are very exact. (but dont forget the indicators and oscillators;-))

i think the real rocket did not start yet! correction til 6.4 possible. if break we'll test 5.80-5.90
but if we brake 6.80 way is free to break the serious resistance at 7.20.
*just a clue*

the european crisis will go really bad and give Bitcoin a push in acceptance and usage.
BTW: the USA is also bankrupt


WHY U DRAW SO MANY LINES!!??? TOO MANY!!
Less lines means better charts, means you focus on what you think is important, IF you know what is. --> Pls show some of your wits, dont hide behind a forest of lines PLS!

what i want with my charts i upload, is to show ppl where are the resistance and support lines and chart formations, not what i think is important. you can choose the importance of the lines by yourself, i do not want to tell you what to do...
i just give you the possibility to do it by yourself, so you dont need to subscribe in a expensive service or install sierrachart
(but never forget indicators and osscillators)

btw here's a new one: https://bitcointalk.org/index.php?topic=82626.msg1045346#msg1045346

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TraderTimm
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July 22, 2012, 03:40:24 PM
 #18

Heh, thanks for resurrecting this thread - I can now say "Guess who was right about 6.80's breakout..."

Aww yeah...

fortitudinem multis - catenum regit omnia
ElectricMucus
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July 22, 2012, 03:44:27 PM
 #19

 Roll Eyes

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Clipse
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July 22, 2012, 04:23:19 PM
 #20

This thread smells of a steaming pile of amateur trader speculation aside from some of the valid remarks that bitcoin would move up.

There was no indication from the start of this thread that bitcoin would crash.

...In the land of the stale, the man with one share is king... >> Clipse

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