Topic: $500 - how did you know? (Read 3161 times)
Even if that's not where support SHOULD be given a change in market information, that's where the big players are going to have their bots set up with all the 1000 coin buy orders and it'll be good for at least a bounce or two.
Agree with EMA's too. It's another method of technical analysis people watch closely.
i don't see a blue line... 
Make sure "show emas" is checked in the settings
Pull up a chart of Bitcoin and go to the Logarithmic and Long Term view so that you see all price data. Draw a median line on the chart. Realize that is entirely natural for price to oscillate above and below your median line. The more accurate your median line the more oscillations you'll note on the chart.
Action, reaction: As long as the action is 2 steps forward and only 1 step back all is good for Bitcoin Hodlers.
Edit: I did not 'know' but with median line charting I was not at all surprised.
Action, reaction: As long as the action is 2 steps forward and only 1 step back all is good for Bitcoin Hodlers.
Edit: I did not 'know' but with median line charting I was not at all surprised.
i don't see a blue line...
Its so easy to a find the bottom of the post-rally btc crash a baby can do it .
1. Go to Clark Moody
2. Click W1
3. Look for the blue line
The only exception to this was in 2011 when the crash went on for months and then finally the averages crossed and the support gave way, but you could see something like this happening well in advance.
1. Go to Clark Moody
2. Click W1
3. Look for the blue line
The only exception to this was in 2011 when the crash went on for months and then finally the averages crossed and the support gave way, but you could see something like this happening well in advance.
Have you ever noticed that broken watches* are never completely broken? They still manage to tell the correct time twice a day without moving a hand.
* excluding digital watches.
* excluding digital watches.
and yet a watch that is 10 minutes late is never right, but is still more useful.
OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".
So price will drop to $400?
I see the mania in USD as starting around mid-$200. So we will drop all the way back there? Is this how crashes work?
I don't know what happened, but Coinbase actually dropped to $400 when I randomly woke up this AM and checked my phone. Grabbed a few coins at that price, wish I had more fiat.
Bitstamp was at $397?
I know I bought 4 coins at 383.
Code:
ath date ath price low 2x previous ath
2010-07-19 0.09 0.05 -
2010-11-07 0.36 0.19 0.18
2011-02-14 1.06 0.67 0.72
2011-06-09 29.58 2.14 2.12
2013-04-09 214.67 65.33 59.16
2013-11-30 1209.94 ?? 429.34
2010-07-19 0.09 0.05 -
2010-11-07 0.36 0.19 0.18
2011-02-14 1.06 0.67 0.72
2011-06-09 29.58 2.14 2.12
2013-04-09 214.67 65.33 59.16
2013-11-30 1209.94 ?? 429.34
Very interesting! The lows are so close to 2 times the previous all time high. Wish I had known this before the crash.
Why does this happen? Anyone know? Will it likely change in the future?
Maybe not next time, but it can not follow this pattern forever
I figured the bottom would be 150-200% of the previous ATH (266 at Gox) based on previous bubbles.
While it may still go down more, that seems to be fairly accurate so far.
While it may still go down more, that seems to be fairly accurate so far.
I figure that that is rubbish. I too can make patterns out of numbers.
Sorry I picked on you to say that to, I could have done it easily to everyone in this thread, but your comment was just too much!
I figured the bottom would be 150-200% of the previous ATH (266 at Gox) based on previous bubbles.
While it may still go down more, that seems to be fairly accurate so far.
While it may still go down more, that seems to be fairly accurate so far.
Same path as in the previous 2 bubbles, it went down to double the previous ATH
This is what's happening now... we are staying for while between $450/$550
If we break this trend then we will catch up at $250, previous ATH.
After that, is apocalypse for the little liberal speculators
This is what's happening now... we are staying for while between $450/$550
If we break this trend then we will catch up at $250, previous ATH.
After that, is apocalypse for the little liberal speculators
Code:
ath date ath price low 2x previous ath
2010-07-19 0.09 0.05 -
2010-11-07 0.36 0.19 0.18
2011-02-14 1.06 0.67 0.72
2011-06-09 29.58 2.14 2.12
2013-04-09 214.67 65.33 59.16
2013-11-30 1209.94 ?? 429.34
2010-07-19 0.09 0.05 -
2010-11-07 0.36 0.19 0.18
2011-02-14 1.06 0.67 0.72
2011-06-09 29.58 2.14 2.12
2013-04-09 214.67 65.33 59.16
2013-11-30 1209.94 ?? 429.34
Very interesting! The lows are so close to 2 times the previous all time high. Wish I had known this before the crash.
Why does this happen? Anyone know? Will it likely change in the future?
Same path as in the previous 2 bubbles, it went down to double the previous ATH
This is what's happening now... we are staying for while between $450/$550
If we break this trend then we will catch up at $250, previous ATH.
After that, is apocalypse for the little liberal speculators
This is what's happening now... we are staying for while between $450/$550
If we break this trend then we will catch up at $250, previous ATH.
After that, is apocalypse for the little liberal speculators
Personally I called the top 900-1200 and a crash to 450.
Unfortunately I didnt trade on any of my speculations LOL.
Unfortunately I didnt trade on any of my speculations LOL.
So dont trade next time as well, your speculation calls might have run out of luck.
At least statistically
Well statistically my odds of calling it right again are the same as they were before
Not that I think I have a magical power. I just speak to the bitcoin. We had a nice chat.
OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".
So price will drop to $400?
I see the mania in USD as starting around mid-$200. So we will drop all the way back there? Is this how crashes work?
I don't know what happened, but Coinbase actually dropped to $400 when I randomly woke up this AM and checked my phone. Grabbed a few coins at that price, wish I had more fiat.
Bitstamp was at $397?
Personally I called the top 900-1200 and a crash to 450.
Unfortunately I didnt trade on any of my speculations LOL.
Unfortunately I didnt trade on any of my speculations LOL.
So dont trade next time as well, your speculation calls might have run out of luck.
At least statistically
Personally I called the top 900-1200 and a crash to 450.
Unfortunately I didnt trade on any of my speculations LOL.
Unfortunately I didnt trade on any of my speculations LOL.
The first time around, we went from $32 down to $2.
The second time around, we went from $250 to $50.
With such large post-bubble crashes in our history, why is a 50% downward swing so surprising?
The second time around, we went from $250 to $50.
With such large post-bubble crashes in our history, why is a 50% downward swing so surprising?
some dude had a dream of a drop before it happened. not me, my dreams are all bullish. but there was some other dude, I think we might want to give him credit for that
https://bitcointalksearch.org/topic/m.3883240I was off a week though. But it did exactly what happened in my dream.
The inner workings of my mind are an enigma!
So there was a lot of talk on this forum about sub-$500. I just assumed it was crazy talk. I was wrong.
How did you figure that the price would drop below $500? I want to learn.
]How did you figure that the price would drop below $500? I want to learn.
Hit the zoom out button on the graph.
best thing i read all day!
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