Bitcoin went out of exponential trend into linear downtrend [TA inside]

[Assad]

Those charts just prove that TA is a waste of time with btc.

ta is not randomly draw lines like OP did.

You could draw lines that would show the opposite if you wanted to

[homo homini lupus]

Those charts just prove that TA is a waste of time with btc.

ta is not randomly draw lines like OP did.

You could draw lines that would show the opposite if you wanted to

please do that. I am waiting for it.

lmao

[afbitcoins]

Longer version of the log trend that failed. This shows MtGox and BTC-E on same chart with log price scale

[afbitcoins]

[afbitcoins]

[shirkan]

Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued.

I would predict a continuated trading along the linear decending line. Bottom? Not so much ...

awesome, you are exercising a technical chart analysis and mix it up with "fundamentals and basic assumptions".

Never, ever compare a peach with an orange!

[inca]

Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued.

I would predict a continuated trading along the linear decending line. Bottom? Not so much ...

awesome, you are exercising a technical chart analysis and mix it up with "fundamentals and basic assumptions".

Never, ever compare a peach with an orange!

And in the same thread admits he is allegedly short from 300.

The end of this bear market is going to surprise a lot of 'traders'..(but but but the line on the chart pointed down!!)

[zimmah]

This one makes more sense, the only downside is it doesn't really predict much. As the price can be anywhere between 250 and 5000 in the next few weeks.

[afbitcoins]

Based on this chart bitcoin looks like it is historically cheap, only being on that same trendline in the very earliest trading back in 2010!

 

[fonzie]

Based on this chart bitcoin looks like it is historically cheap, only being on that same trendline in the very earliest trading back in 2010!

 

[img]https://www.tradingview.com/x/5wkkXTpJ/

Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!

[NotHatinJustTrollin]

Based on this chart bitcoin looks like it is historically cheap, only being on that same trendline in the very earliest trading back in 2010!

 

[img]https://www.tradingview.com/x/5wkkXTpJ/

Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!

[NotHatinJustTrollin]

To OP: Yes breaking that trend line is pretty screwed up shit.


I got good TA too:

[v0yager]

There is no everlasting bear market,hope you're right and we get out of the downtrend.

Well, i can show you several alts that have seen an 'everlasting bearmarket'. In crypto such a thing is certainly possible.

Bitcoin is quite different from other alts, and as we all know, a lot of alts were born to scam or earning quick money.

[afbitcoins]

Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!

"Fonzie" is that the name of a muppet ? Sounds quite appropriate.

Those lines aren't arbitrary btw, carefully plotted

Heres another version specially for you.



I'm not saying it will all be unicorns and rainbows I'm just observing the market and adjusting my analysis as required. We are still in a downtrend primarily, realistacally we have to break out of that first.



I get fed up with haters of technical analysis coming to the speculation forums.

Its a way of speculating!!!!!


 

[altcoin hitler]

There are people who will still tell you 'it's going up and never went down' when we hit 10$ a coin.

[spazzdla]

Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game.

wallstreet is pipedreams. You notice correctly: it was a bubble
Question: when in history did speculative bubbles repeat a second time on the same thing after collapsing? Never.

.. Silver?

The Dow?

[findftp]

Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!

"Fonzie" is that the name of a muppet ? Sounds quite appropriate.

Those lines aren't arbitrary btw, carefully plotted

Heres another version specially for you.

Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom?

[Bit_Happy]

Below the longterm trendline since 2012 on logarithmic view. This line has been broken with the panic in January



Now we can see the price moved from exponential line to a linear one.
Below you see the same graph with exactly the same lines once in logarithmic view and once in linear view.


logarithmic view:


the log-view straight line was accurate before the January crash
After that point the linear line became the accurate one

linear view:




conclusion: Bitcoin fell off its projection for megalomania worlddomination and is now a shitcoin with delusions of grandeur trading linear instead of exponential. Its fundamentals and basic assummptions have been shown to be wrong. The hype is over. Bitcoin today is as good as any other coin with such bad fundamentals. After this it appears to be wildly overvalued.

I would predict a continuated trading along the linear decending line. Bottom? Not so much ...

Once the next big up move starts, then the long-term trend line will be redrawn at a slightly different slope.
Conclusion:
TA is simply a tool, and strong fundamentals sometimes make it a worthless tool.

[afbitcoins]

Just because there's a line there doesn't mean it can't go around it. I'm pretty sure the bubble to $1000 broke some trend lines. Once Wall Street got involved, a lot of the past trend lines for Bitcoin don't mean shit. It's a new ball game.

wallstreet is pipedreams. You notice correctly: it was a bubble
Question: when in history did speculative bubbles repeat a second time on the same thing after collapsing? Never.

.. Silver?

The Dow?

Bitcoin in 2011 ...
Bitcoin in 2013/14 repeated bubble ...

[afbitcoins]

Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!

"Fonzie" is that the name of a muppet ? Sounds quite appropriate.

Those lines aren't arbitrary btw, carefully plotted

Heres another version specially for you.

Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom?

Like this ?



Thats an interesting slope!