Assad
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February 02, 2015, 08:50:03 PM |
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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
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homo homini lupus (OP)
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February 02, 2015, 08:51:31 PM |
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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
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afbitcoins
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February 02, 2015, 09:38:46 PM |
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Longer version of the log trend that failed. This shows MtGox and BTC-E on same chart with log price scale
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afbitcoins
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February 02, 2015, 09:46:28 PM |
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afbitcoins
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February 02, 2015, 09:50:29 PM |
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shirkan
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February 02, 2015, 10:00:04 PM |
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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!
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inca
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February 02, 2015, 10:18:46 PM |
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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!!)
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zimmah
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February 02, 2015, 10:21:35 PM |
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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.
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afbitcoins
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February 02, 2015, 10:21:56 PM |
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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!
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fonzie
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February 02, 2015, 10:32:37 PM |
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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!
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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NotHatinJustTrollin
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★Bitvest.io★ Play Plinko or Invest!
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February 02, 2015, 10:34:12 PM |
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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!
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NotHatinJustTrollin
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★Bitvest.io★ Play Plinko or Invest!
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February 02, 2015, 10:39:00 PM |
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To OP: Yes breaking that trend line is pretty screwed up shit. I got good TA too:
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v0yager
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February 03, 2015, 07:15:34 AM |
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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.
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afbitcoins
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February 03, 2015, 11:19:11 AM |
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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!!!!!
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altcoin hitler
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February 03, 2015, 06:28:18 PM |
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There are people who will still tell you 'it's going up and never went down' when we hit 10$ a coin.
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spazzdla
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February 03, 2015, 08:23:52 PM |
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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?
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findftp
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Delusional crypto obsessionist
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February 04, 2015, 04:29:07 PM |
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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?
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Bit_Happy
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A Great Time to Start Something!
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February 04, 2015, 04:33:04 PM |
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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 onelinear 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.
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afbitcoins
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February 04, 2015, 11:44:44 PM |
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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 ...
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afbitcoins
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February 04, 2015, 11:49:14 PM |
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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!
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