Analysis - page 257. | Bitcointalksearch.org

zimmah

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Quote from: boumalo on June 06, 2014, 03:37:59 PM

Quote from: zimmah on June 06, 2014, 12:33:54 PM

Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day

Having 10BTC means you could get 3600USD per month potentially tax free Wink

sadly, it has been broken just now, I hope it will recover but it's not looking good at the moment.

boumalo

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Quote from: zimmah on June 06, 2014, 12:33:54 PM

Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day

Having 10BTC means you could get 3600USD per month potentially tax free Wink

windjc

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Quote from: gizmoh on June 06, 2014, 07:54:12 AM

https://www.tradingview.com/v/qm7cnu9V/

Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

Bitcoin_is_here_to_stay

full member

Activity: 336

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Quote from: ampere9765 on June 05, 2014, 06:34:14 PM

Quote from: RyNinDaCleM on June 05, 2014, 06:13:04 PM

Quote from: Bitcoin_is_here_to_stay on June 05, 2014, 03:19:13 PM

As others said, volatility would be enough to take as below $640 - where we were yesterday, btw - so difficult to imagine why some people think it is impossible Huh

As to drop towards $600, here is one chart explaining this possibility

https://www.tradingview.com/v/q3nV14D3/

That's a lot of divergence to clear, that's for sure

Thing is we have been seeing bearish divergences at peaks/ during a lot of these consolidation periods in this rally, and yet, bitcoin keeps rising.

Yeah, I did some research and are leaning to see these divergences as bullish now.

Bitcoin_is_here_to_stay

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LOL

zimmah

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Quote from: StarenseN on June 06, 2014, 04:38:33 AM

Here is my take:

watcha thinking about it?

pretty bearish, there's more red than green in the picture.

On the other hand it may mean more green will come to balance the red.

zimmah

legendary

Activity: 1106

Merit: 1005

Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day

thefiniteidea

hero member

Activity: 509

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"In Us We Trust"

I agree. This recent run-up is going to confuse the hell out of all these bulls when it goes the other way.

I really do think this cycle is going to be different.

maxll

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Excellent. Grin

gizmoh

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https://www.tradingview.com/v/qm7cnu9V/

oda.krell

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Quote from: StarenseN on June 06, 2014, 04:38:33 AM

Here is my take:

watcha thinking about it?

Thanks. That gave me the first good chuckle of the day.

devphp

sr. member

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Quote from: StarenseN on June 06, 2014, 04:38:33 AM

watcha thinking about it?

Bullish.

StarenseN

legendary

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Here is my take:

watcha thinking about it?

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

How about no. Grin

Quote from: masterluc on March 09, 2014, 05:52:09 AM

How about inverted cup and handle? )

ampere9765

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Quote from: RyNinDaCleM on June 05, 2014, 06:13:04 PM

Quote from: Bitcoin_is_here_to_stay on June 05, 2014, 03:19:13 PM

As others said, volatility would be enough to take as below $640 - where we were yesterday, btw - so difficult to imagine why some people think it is impossible Huh

As to drop towards $600, here is one chart explaining this possibility

https://www.tradingview.com/v/q3nV14D3/

That's a lot of divergence to clear, that's for sure

Thing is we have been seeing bearish divergences at peaks/ during a lot of these consolidation periods in this rally, and yet, bitcoin keeps rising.

RyNinDaCleM

legendary

Activity: 2408

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Legen -wait for it- dary

Quote from: Bitcoin_is_here_to_stay on June 05, 2014, 03:19:13 PM

As others said, volatility would be enough to take as below $640 - where we were yesterday, btw - so difficult to imagine why some people think it is impossible Huh

As to drop towards $600, here is one chart explaining this possibility

https://www.tradingview.com/v/q3nV14D3/

That's a lot of divergence to clear, that's for sure

scarsbergholden

hero member

Activity: 686

Merit: 500

Hmm, never really liked to use fib fans or found them particularly useful. But you mentioned this statistical basis earlier, and say less than 5% chance the fan is broken. What is the basis for that statement? @zimmah

Bitcoin_is_here_to_stay

full member

Activity: 336

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As others said, volatility would be enough to take as below $640 - where we were yesterday, btw - so difficult to imagine why some people think it is impossible Huh

As to drop towards $600, here is one chart explaining this possibility

https://www.tradingview.com/v/q3nV14D3/

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: scarsbergholden on June 05, 2014, 03:04:30 PM

Quote from: zimmah on June 05, 2014, 02:58:55 PM

Quote from: RyNinDaCleM on June 05, 2014, 07:17:01 AM

Quote from: zimmah on June 05, 2014, 04:37:58 AM

Quote from: everbox on June 05, 2014, 04:22:47 AM

650 sell 30% of my bitcoin, waiting for 600..

Really? Good luck with that. I'm pretty sure it will not go below $640 anymore. And especially not below $630

We were below that just 30 hours ago, and we are at $646 right now! You're "pretty sure" that it won't drop 0.9%, EVER?

I'm pretty sure my charts are correct, when i say it won't drop below $640 even though the price at that time is $646, you can trust me i'm not making shit up.

I may be proven wrong from time to time, i'm no psychic, but I back up my claims with actual statistical data, and i trust them to be correct most of the time. Has it dropped below $640 yet since i made that statement?

I dare even predict that it will not reach sub-$645 anymore.

You keep talking about your charts. Why don't you ever post one? Why do you think bitcoin can't possibly drop 1-2% in price?

I have posted some in the past, not often, but still.

The reason i say that is because it would break the fib fan and it predicted the min/max price fairly accurately ever since i drew it weeks ago (one fan is older than the next). The likelihood of the fan being broken is pretty small (below 5% in my opinion) therefore it's save to say any values that would significantly go above the maximum value or below the minimum value would be statistically unlikely. And even when it's broken, it seems to recover within a few minutes anyway.

If the fan would be broken it would be most likely broken to the upside. But even that is unlikely to happen within the next couple of days in my opinion. Maybe in a week or two.

scarsbergholden

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Activity: 686

Merit: 500

Quote from: zimmah on June 05, 2014, 02:58:55 PM

Quote from: RyNinDaCleM on June 05, 2014, 07:17:01 AM

Quote from: zimmah on June 05, 2014, 04:37:58 AM

Quote from: everbox on June 05, 2014, 04:22:47 AM

650 sell 30% of my bitcoin, waiting for 600..

Really? Good luck with that. I'm pretty sure it will not go below $640 anymore. And especially not below $630

We were below that just 30 hours ago, and we are at $646 right now! You're "pretty sure" that it won't drop 0.9%, EVER?

I'm pretty sure my charts are correct, when i say it won't drop below $640 even though the price at that time is $646, you can trust me i'm not making shit up.

I may be proven wrong from time to time, i'm no psychic, but I back up my claims with actual statistical data, and i trust them to be correct most of the time. Has it dropped below $640 yet since i made that statement?

I dare even predict that it will not reach sub-$645 anymore.

You keep talking about your charts. Why don't you ever post one? Why do you think bitcoin can't possibly drop 1-2% in price?

Topic: Analysis - page 257. (Read 941563 times)