shameless self quote and /bump
Yes, using weekly for bollinger makes the most sense in bitcoin
Topic: Analysis - page 267. (Read 941563 times)
shameless self quote and /bump
Yes, using weekly for bollinger makes the most sense in bitcoin
No. Your point is valid, but using mtgox data as your main reference for current btc price is beyond silly. Unless you trade on gox. In which case: good luck
this is a new extreme https://i.imgur.com/R3Us5pq.jpg but nothing new
shameless self quote and /bump
Yes, using weekly for bollinger makes the most sense in bitcoin
Looking at daily, which do you think might be more relavent? http://bitcoincharts.com/charts/bitstampUSD#rg180zigDailyztgSzbgBza1gSMAzm1g200za2gSMAzm2g20zv
Mt Gox is no longer a good metric for bitcoin price IMHO. That said it is not meaningless. Gox still matters, and it might just drag us down with itself.
No. Your point is valid, but using mtgox data as your main reference for current btc price is beyond silly. Unless you trade on gox. In which case: good luck :)
Mt Gox is no longer a good metric for bitcoin price IMHO. That said it is not meaningless. Gox still matters, and it might just drag us down with itself.
Mt Gox is no longer a good metric for bitcoin price IMHO. That said it is not meaningless. Gox still matters, and it might just drag us down with itself.
uuhh, that looks nasty.
Thanks for sharing.
What a mess happening 
Full anarchy
Full anarchyIt is glorious to behold.
What a mess happening Full anarchy
Full anarchy I'll throw this in: the charts continue to look bearish as hell to me, I simply cannot find a sign of reversal in them. Volume analysis (CMF) and bid/ask, on the other hand look very good right now, textbook divergence unfolding there. Make of that what you want.
That's what a bottom or top look like. Full on chart trend marked by divergences.
Also, basic situation where we know that btc withdrawals open up people will start buying btc.
You're awfully optimistic, huh
Like I said, make of it what you want. I'm not calling reversal before I see some corresponding price action.
I'll throw this in: the charts continue to look bearish as hell to me, I simply cannot find a sign of reversal in them. Volume analysis (CMF) and bid/ask, on the other hand look very good right now, textbook divergence unfolding there. Make of that what you want.
That's what a bottom or top look like. Full on chart trend marked by divergences.
Also, basic situation where we know that btc withdrawals open up people will start buying btc.
Clouded the future is...
This much is clear
On my hands I sit ...
Chart still looks bearish to me too (maybe not $3.6 bearish
)But you are right about the big volume on the bid side on stamp in particular ...
I'll throw this in: the charts continue to look bearish as hell to me, I simply cannot find a sign of reversal in them. Volume analysis (CMF) and bid/ask, on the other hand look very good right now, textbook divergence unfolding there. Make of that what you want.
Based on this I have realised that my bid at $2.9 was probably a bit low and have moved it up to $3.6, just above the .5 retracement
IMO the market is about to end the first 1 / 3 of wave C. But I'm not sure if the dumping has finished for now or not.
The inverted disparity between exchanges is confusing my analysis. Bitstamp seems to have not dropped enough yet,
for the rebound that will follow (the upward 2 sub-sub-waves of the middle 1 / 3 of wave C) to be large enough.
MtGox seems to have has dropped too much to take another large drop before the rebound, and any significant rebound
would require resuming BTC withdrawals, after fixing the wallet malleability vulnerability. A fix may be available sometimes next
week, but in the meantime the market may panic further. For now the attack itself has been halted, since it has reached it's
targets, but it may resume when the exchanges will allow BTC withdrawals. Clouded the future is...
shameless self quote and /bump
Thanks for the bump
Based on this I have realised that my bid at $2.9 was probably a bit low and have moved it up to $3.6, just above the .5 retracement
i made something in log(logarithmic) scale so some of you can think/ponder about it and other to flame about it
info to read if you need to http://www.investopedia.com/terms/f/fibonacciretracement.asp
have a nice day
info to read if you need to http://www.investopedia.com/terms/f/fibonacciretracement.asp
have a nice day
shameless self quote and /bump
I am not thinking of particular events since Gox or whatever other "bad" news is just some pretext for the price to drop back from where it started. imho its more about the democratization of bitcoin. We had a little spotlight on bitcoin for the last couple of month which is clearly not enough for its price to be stable at even 1000$ range. I kinda "fear" this will take a long time and people tend to forget it when only considering the last bubble to 1200$.
edit: hence, that "see you in 2017 or 2016 (couldnt recall it exactly)" call from OP seemed quite rational and fair to me (when it didnt at first). just need to give Bitcoin some time
Or maybe this sentiment is a clear demonstration of capitulation and end of wave C?edit: hence, that "see you in 2017 or 2016 (couldnt recall it exactly)" call from OP seemed quite rational and fair to me (when it didnt at first). just need to give Bitcoin some time
Though I don't like how the charts are completely shitting in on themselves with a clear bear trend and no reversal patterns in sight. Then again I'm just another sheep and my feelings are probably shared by the hivemind
@masterluc: i am starting to think you were right calling a "see you in 2016-17". not a bright future near term. many challenges to be taken care of before a sustainable 1000k price
What kind of challenges have suddenly appeared then? The recent dip has shown us a few things;
- Mt.Gox are even more childish and unprofessional then we might have thought, as shown by their latest press-release.
- There are idiots selling several thousands of BTC on BTC-e which gave a lot of people extremely cheap coins.
What has really changed?
I am not thinking of particular events since Gox or whatever other "bad" news is just some pretext for the price to drop back from where it started. imho its more about the democratization of bitcoin. We had a little spotlight on bitcoin for the last couple of month which is clearly not enough for its price to be stable at even 1000$ range. I kinda "fear" this will take a long time and people tend to forget it when only considering the last bubble to 1200$.
edit: hence, that "see you in 2017 or 2016 (couldnt recall it exactly)" call from OP seemed quite rational and fair to me (when it didnt at first). just need to give Bitcoin some time
@masterluc: i am starting to think you were right calling a "see you in 2016-17". not a bright future near term. many challenges to be taken care of before a sustainable 1000k price
What kind of challenges have suddenly appeared then? The recent dip has shown us a few things;
- Mt.Gox are even more childish and unprofessional then we might have thought, as shown by their latest press-release.
- There are idiots selling several thousands of BTC on BTC-e which gave a lot of people extremely cheap coins.
What has really changed?
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