Author

Topic: Analysis - page 257. (Read 941596 times)

legendary
Activity: 1106
Merit: 1005
June 06, 2014, 02:42:08 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.
legendary
Activity: 1918
Merit: 1018
June 06, 2014, 02:37:59 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
legendary
Activity: 2156
Merit: 1070
June 06, 2014, 01:00:23 PM

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.
full member
Activity: 336
Merit: 100
June 06, 2014, 12:00:19 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.
full member
Activity: 336
Merit: 100
June 06, 2014, 11:58:54 AM
LOL
legendary
Activity: 1106
Merit: 1005
June 06, 2014, 11:39:57 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.
legendary
Activity: 1106
Merit: 1005
June 06, 2014, 11:33:54 AM
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

hero member
Activity: 509
Merit: 564
"In Us We Trust"
June 06, 2014, 11:22:17 AM
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.
legendary
Activity: 1011
Merit: 1006
June 06, 2014, 07:24:42 AM
Excellent.   Grin
legendary
Activity: 1428
Merit: 1000
legendary
Activity: 1470
Merit: 1007
June 06, 2014, 04:39:51 AM
Here is my take:



watcha thinking about it?

Thanks. That gave me the first good chuckle of the day.
sr. member
Activity: 336
Merit: 260
June 06, 2014, 03:39:47 AM
watcha thinking about it?

Bullish.
legendary
Activity: 2478
Merit: 1362
June 06, 2014, 03:38:33 AM
Here is my take:



watcha thinking about it?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
June 05, 2014, 05:44:07 PM
How about no.  Grin

How about inverted cup and handle? )


sr. member
Activity: 252
Merit: 250
June 05, 2014, 05:34:14 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.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
June 05, 2014, 05:13:04 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
hero member
Activity: 686
Merit: 500
June 05, 2014, 02:23:50 PM
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
full member
Activity: 336
Merit: 100
June 05, 2014, 02:19:13 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/
legendary
Activity: 1106
Merit: 1005
June 05, 2014, 02:16:54 PM
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.
hero member
Activity: 686
Merit: 500
June 05, 2014, 02:04:30 PM
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?
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