Topic: : - page 9. (Read 70883 times)
I think that also depends on the health of the mining network. If continues to drop at this rate prices could be somewhat stable at these levels because the remaining miners would still be making profit. But that happening is also kind of unlikely since the rate of miner outflow has already begun to decline.
Haven't you noticed that at midnight, dozens if not hundreds of thread readers, after viewing your charts make your predictions come true? If you stop publishing snapshots, I predict your models will no longer hold. 
I suggest you publish more often. You'll be certain to profit from greater predictive power.
I suggest you publish more often. You'll be certain to profit from greater predictive power.
I believe this only highlights the age old debate regarding arithmetic vs geometric price axis. If you scale the prices logarithmically, the resistance and support will be more balanced. I believe that has always been true, but much less noticeable when your range was for example $4-$7. Now that it's $0-$6 it's quite obvious.
The midpoint is $3. Half ($1.5) and double ($6) have the same S/R levels.
The midpoint is $3. Half ($1.5) and double ($6) have the same S/R levels.
Wednesday.
*image*
Testing the chart capabilities again, eh? The relative resistance looks like a flat line - though the time-series model says something different. This just shows what kind of market we're in. *image*
Tuesday.
*image*
This market is testing your chart-making software, isn't it? This one looks particularly deranged (for lack of a better word). I don't think, however, that there is a 2% chance of the low being below $2.7 - this should be more like 50%.*image*
If you want to judge a chart, you would need to know how to read it first, wouldn't you?
I know how to read these charts, I was just posting that really unconsiously. I changed my post to more useful information now.
Tuesday.
*image*
This market is testing your chart-making software, isn't it? This one looks particularly deranged (for lack of a better word). I don't think, however, that there is a 2% chance of the low being below $2.7 - this should be more like 50%.*image*
If you want to judge a chart, you would need to know how to read it first, wouldn't you?
Tuesday.
*image*
This market is testing your chart-making software, isn't it? This one looks particularly deranged (for lack of a better word). Is the time series matching these two times up by any chance?*image*
The conditions seem just right for a recovery now, before a even more violent swing down to ~$1.5.
Still liquid, balanced, and right-side-up. That was fun, but exhausting.
Did you manage that by following your indicators? Or did you have to cut loose and just wing it sometimes?
I mostly fly by the seat of my pants. But last night I was able to gain back some of my previous losses.
Here is a peek at a broader view of the support/resistance chart. Things drop off a bit below $3.30 to find a stronger resistance level at around $2.00.
*image*
Does this mean that if the price continues dropping, it will drop nearly linearly until 0.2? *image*
Jump to: