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Topic: 20th 3dMACD bar started GREEN! - page 7. (Read 23264 times)

member
Activity: 83
Merit: 10
mene mene tekel upharsin
October 21, 2014, 07:02:45 PM
#21
My problem with the 3DMACD signal is that if you switch to 1WMACD, then you still see a lot of negative momentum. It is why I don't trust charts much, the signals seem to change arbitrarily depending on the scale at which you look at them.

Understanding scale with candlestick charts is definitely tricky. If you will allow it, imagine that the signals are equally true on each scale, and that the price action on each scale is also equally significant, at each respective scale. It is in this way that the price graph most directly shares attributes with fractal patterns. Just as a shoreline is chaotically jagged, but fails to smooth as you zoom out on a map (unlike, for instance, macroscopic smooth edges that are jagged and chaotic on a microscopic scale), price patterns and generalized behavior of price function operate under the same principles on all scales which is actually a very surprising and nontrivial point.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
October 21, 2014, 07:02:30 PM
#20

Exactly,

As far as I can tell the 3d MACD hasn't produced one false signal so far in the history of Bitcoin.

This is patently untrue. There was plenty of flip-flopping during a few flattish periods pre-2013 bubble.

? Maybe I'm doing this wrong but I don't see it
hero member
Activity: 924
Merit: 1000
October 21, 2014, 07:01:35 PM
#19
I hope thats good news, lol... We need something to get this thing going. Also, lets hope that we dont get a fucking dumper if/when it spikes 20 percent or so (usually happens and is a buzz kill as per buzz killington on Family guy)
member
Activity: 83
Merit: 10
mene mene tekel upharsin
October 21, 2014, 06:56:05 PM
#18

Exactly,

As far as I can tell the 3d MACD hasn't produced one false signal so far in the history of Bitcoin.

This is patently untrue. There was plenty of flip-flopping during a few flattish periods pre-2013 bubble.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
October 21, 2014, 04:54:36 PM
#17
My problem with the 3DMACD signal is that if you switch to 1WMACD, then you still see a lot of negative momentum. It is why I don't trust charts much, the signals seem to change arbitrarily depending on the scale at which you look at them.


Think about time frames as gears in a watch or the number wheels in an old odometer.
Ex.
Weekly<->Daily<->4hr<->2hr<->1hr<->30minute...
The time frame to the furthest right needs to complete an entire cycle to click the next one to the left up by one (This is a rough estimate, but I feel it explains it well). Therefore it takes many cycles at lower time frames to complete one cycle at the longer time frames. What you want to do is find the time where they all align. This also tells us that this cross up is likely to have at least one more cycle before ticking that Weekly MACD up to a bullish state.

What I think will happen with the 3D MACD is this... We will get a rise to the mid-400's or so. This will make the 3D MACD rise significantly. Then we will drop (potentially to new lows, BUT, the 3d MACD will not cross back down). The Weekly MACD will have the time from this rise (which should affect the signal by then), it will begin hooking back up and get the cross there. That will signal the end of the bear market.
newbie
Activity: 31
Merit: 0
October 21, 2014, 04:17:40 PM
#16
My problem with the 3DMACD signal is that if you switch to 1WMACD, then you still see a lot of negative momentum. It is why I don't trust charts much, the signals seem to change arbitrarily depending on the scale at which you look at them.

That being said, I think it does show a good chance that the big picture may be changing direction soon. We may start seeing some sustainable growth in the value of BTC.

All indicators like MACD are lagging. The bigger the timeframe, the more they will lag. They are also a self fulfilling prophecy to some retail traders. For the trader who realizes these things, MACD can still be useful to watch.

The big boys are not using MACD, they are reading price/volume action.
hero member
Activity: 529
Merit: 527
October 21, 2014, 04:14:24 PM
#15
My problem with the 3DMACD signal is that if you switch to 1WMACD, then you still see a lot of negative momentum. It is why I don't trust charts much, the signals seem to change arbitrarily depending on the scale at which you look at them.

That being said, I think it does show a good chance that the big picture may be changing direction soon. We may start seeing some sustainable growth in the value of BTC.
newbie
Activity: 31
Merit: 0
October 21, 2014, 04:03:10 PM
#14
It may go up a little bit, but it's not safe to say it's going up significantly. Using indicators like MACD is not a safe way to predict anything. These indicators produce many false signals. Just because it roughly worked a few times in the past doesn't mean much.

You should buy Bitcoin based on fundamentals. And fundamentals indeed look brighter every day with the bitcoin ecosystem now in solid growth mode.

ya.ya.yo!

Roughly gone up a few times?

You mean it has gone up every time, and roughly has produced a few bubbles.

Exactly,

As far as I can tell the 3d MACD hasn't produced one false signal so far in the history of Bitcoin.
This conversation is pointless. A signal is only as good as the entry/exit strategy that accompanies it. What is yours?
hero member
Activity: 588
Merit: 500
October 21, 2014, 03:49:39 PM
#13
Definitely a big bullish signal. Based on the last green October signal, November is going to be big.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
October 21, 2014, 02:40:22 PM
#12
It may go up a little bit, but it's not safe to say it's going up significantly. Using indicators like MACD is not a safe way to predict anything. These indicators produce many false signals. Just because it roughly worked a few times in the past doesn't mean much.

You should buy Bitcoin based on fundamentals. And fundamentals indeed look brighter every day with the bitcoin ecosystem now in solid growth mode.

ya.ya.yo!

Roughly gone up a few times?

You mean it has gone up every time, and roughly has produced a few bubbles.

Exactly,

As far as I can tell the 3d MACD hasn't produced one false signal so far in the history of Bitcoin.
hero member
Activity: 784
Merit: 1000
October 21, 2014, 02:24:40 PM
#11
It may go up a little bit, but it's not safe to say it's going up significantly. Using indicators like MACD is not a safe way to predict anything. These indicators produce many false signals. Just because it roughly worked a few times in the past doesn't mean much.

You should buy Bitcoin based on fundamentals. And fundamentals indeed look brighter every day with the bitcoin ecosystem now in solid growth mode.

ya.ya.yo!

Roughly gone up a few times?

You mean it has gone up every time, and roughly has produced a few bubbles.
full member
Activity: 126
Merit: 100
October 21, 2014, 01:46:48 PM
#10
I haven't seen it like this since we went up to $600. The spring is coiled to the max. We will definitely be over $400 by this weekend. I was going to start a thread predicting that but want to get home and drop about $10k more before the price starts going up.

I don't really have a sell point Tongue  I only pause my buying while I wait to see when to jump in.

This week will be a true indicator... If we break 400 and stay around there we should be in the green for a long time
legendary
Activity: 1806
Merit: 1024
October 21, 2014, 01:24:18 PM
#9
It may go up a little bit, but it's not safe to say it's going up significantly. Using indicators like MACD is not a safe way to predict anything. These indicators produce many false signals. Just because it roughly worked a few times in the past doesn't mean much.

You should buy Bitcoin based on fundamentals. And fundamentals indeed look brighter every day with the bitcoin ecosystem now in solid growth mode.

ya.ya.yo!
legendary
Activity: 1372
Merit: 1252
October 21, 2014, 10:05:36 AM
#8
It means absolutely nothing. Buy tho.
legendary
Activity: 1764
Merit: 1002
October 21, 2014, 08:55:12 AM
#7
Yes
ask
legendary
Activity: 1386
Merit: 1004
October 21, 2014, 08:30:22 AM
#6
I haven't seen it like this since we went up to $600. The spring is coiled to the max. We will definitely be over $400 by this weekend. I was going to start a thread predicting that but want to get home and drop about $10k more before the price starts going up.

I don't really have a sell point Tongue  I only pause my buying while I wait to see when to jump in.

Same feeling Smiley
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
October 21, 2014, 08:09:17 AM
#5
I haven't seen it like this since we went up to $600. The spring is coiled to the max. We will definitely be over $400 by this weekend. I was going to start a thread predicting that but want to get home and drop about $10k more before the price starts going up.

I don't really have a sell point Tongue  I only pause my buying while I wait to see when to jump in.
newbie
Activity: 39
Merit: 0
October 21, 2014, 07:37:08 AM
#4
Every indicator I see right now says buy buy buy.

In the short term at least.

Two questions:
1. On what time interval?
2. What are your entry and exit points (where to buy / where to sell) ?

Early in the morning, our system has issued an alert:

Bitstamp 1HR

Long: On a strong break above $387 - 1HR 200MA | Actually $388 now since the average has moved up $1 | Max Target $405 | Probability of reaching max price: 30%

The setup has not been yet triggered
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
October 21, 2014, 06:40:37 AM
#3
Every indicator I see right now says buy buy buy.

In the short term at least.
newbie
Activity: 39
Merit: 0
October 21, 2014, 03:06:15 AM
#2
@ask

Most recent instance of such indication was on the 7th of May 2014. After 4 candles and 12days of sideways movement, finally price broke up and produced a remarkable rally.

Now price is stuck under the 200MA strong resistance. A lot of buying power is needed to overcome this stage and smaller time intervals show triple resistances (especially in the 1HR time interval).




Moreover, as shown below, market conditions were completely different back then. Stochastic produced a bullish signal 3 days prior to MACD and SAR was supportive throughout the price consolidation phase.

Today price remains at overbought territory with the Stochastic indicating a possibility of producing another sell signal and SAR still indicating downward pressure.



Only a strong break above $387 will increase the odds of revisiting near $400 (1HR interval). If such price action happens we will re-evaluate.

The probability for this scenario to play out at this moment stands around 30%-35%.




The Cryptoalerts.net Team




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