Also add daily MACD cross here. Taking all that I give 20% chance that rally will continue.
Topic: Analysis - page 308. (Read 941596 times)
Hourly sma200, the holy grail of all bubbles, didn't survived (in all exchanges!). Additionally, hourly sma50 crossed it down.
Also add daily MACD cross here. Taking all that I give 20% chance that rally will continue.
Also add daily MACD cross here. Taking all that I give 20% chance that rally will continue.
Gold rule of ZERO SUM GAME.
- Buy as much as you can afford to lose. As soon as possible.
- Buy as much as you can afford to lose. As soon as possible.
Every time we come up through the 1100 there has been decent buying look at the arrows.
I'm watching the volume in conjunction with momentum and rsi to determine entries and stops. Topside resistance is most definitely 1240 but I don't consider that at the moment as there are other things going on.
When price drops below 1100 from a leg down we always have a decent sell off so this is something to consider but I don't mean when we just break below then pop back above 1100 I mean when we sell well into 1110 we then start to see even heavier selling.
There is obviously a growing list of things I'm looking at that are outside the scope of this short reply. I'm watching to see how things develop on the new leg above 1100 this will help me to determine if it's worth an entry for another try to 1240 or will price run out of steam and fall back below that 1100 I'm watching.
Currently the market is a little flat in momentum which did not happen the last 2 times we pushed through 1100 so this is ripe territory for a bear to step in to try and force a sell off.
I'm watching the volume in conjunction with momentum and rsi to determine entries and stops. Topside resistance is most definitely 1240 but I don't consider that at the moment as there are other things going on.
When price drops below 1100 from a leg down we always have a decent sell off so this is something to consider but I don't mean when we just break below then pop back above 1100 I mean when we sell well into 1110 we then start to see even heavier selling.
There is obviously a growing list of things I'm looking at that are outside the scope of this short reply. I'm watching to see how things develop on the new leg above 1100 this will help me to determine if it's worth an entry for another try to 1240 or will price run out of steam and fall back below that 1100 I'm watching.
Currently the market is a little flat in momentum which did not happen the last 2 times we pushed through 1100 so this is ripe territory for a bear to step in to try and force a sell off.
I'm sorry. $13.5 was price at the begging of the year. It is $1100 now => 8,148 % ( WTF is your trading ? ) ... BUY & HOLD & LEARN
Do you normally communicate with people you don't know like that? What is your point? Huh? What is your point?
If you don't find anything of interest simply ignore it, you don't need to make an ass out of yourself by communicating with me by saying "what is your point".
Jog on.
Wow you took it way too personal. I honestly wanted to know what you meant by that chart. I am a newbie to charts.
china paints a different picture
Are both linear or log scales? or different from each other?
in this time scale it doesn't make much difference.
both charts are different
i'm looking at 10days the other chart shows 3 days
The last extension ran into overbought so here comes profit taking and a little dip, my eyes are still firmly on 1100, for me pivotal.
Is 1100 a potential resistance or support?
Do you normally communicate with people you don't know like that? What is your point? Huh? What is your point?
If you don't find anything of interest simply ignore it, you don't need to make an ass out of yourself by communicating with me by saying "what is your point".
Jog on.
Wow you took it way too personal. I honestly wanted to know what you meant by that chart. I am a newbie to charts.
china paints a different picture
Are both linear or log scales? or different from each other?
in this time scale it doesn't make much difference.
both charts are different
i'm looking at 10days the other chart shows 3 days
Do you normally communicate with people you don't know like that? What is your point? Huh? What is your point?
If you don't find anything of interest simply ignore it, you don't need to make an ass out of yourself by communicating with me by saying "what is your point".
Jog on.
Wow you took it way too personal. I honestly wanted to know what you meant by that chart. I am a newbie to charts.
china paints a different picture
Are both linear or log scales? or different from each other?
Do you normally communicate with people you don't know like that? What is your point? Huh? What is your point?
If you don't find anything of interest simply ignore it, you don't need to make an ass out of yourself by communicating with me by saying "what is your point".
Jog on.
Wow you took it way too personal. I honestly wanted to know what you meant by that chart. I am a newbie to charts.
china paints a different picture
Do you normally communicate with people you don't know like that? What is your point? Huh? What is your point?
If you don't find anything of interest simply ignore it, you don't need to make an ass out of yourself by communicating with me by saying "what is your point".
Jog on.
Wow you took it way too personal. I honestly wanted to know what you meant by that chart. I am a newbie to charts.
Bitcoin has neglected warning signs for years. Its not a stock with earthly limitations like turnover and profits. It can still go wild regardless of ugly charts.
Yeah, total crap
hehehe, your view on btc or his analysis?
BTCChina
Or Perhaps the start of a "triple top reversal"
Here's my view of it (no fancy chart for now)... I don't see us breaking out upwards quite yet, and I don't see a clear reversal either. What's wrong with a bit of consolidation around 1000USD before anything else will happen
Had to go looking for a trend to make this bullish... Not a good sign, but possible. That support IS holding for now. Will have to wait and see. A Christmas high does fit my models for all markets, equities included. January-March will be a bad time for everything, though.
Do you normally communicate with people you don't know like that? What is your point? Huh? What is your point?
If you don't find anything of interest simply ignore it, you don't need to make an ass out of yourself by communicating with me by saying "what is your point".
Jog on.
See, your response was at least as rude as the question "What's your point".
You post a chart without any explanation, you get called out for it. That simple.
That said, I see your point about support turning resistance. However, I also point out that the market seems to reject anything below 850 (mtgox and bistamp). I take that as a pretty positive sign. I expect consolidation rather than increasing selling pressure, for now.
green flag for the win.
Its clear in Satoshi's early work that the final purpose of this experiment is to replace "dishonest" fiat money. He already knew that if BTC was to replace government-issued currency, banning and harsh fight would happen - this is why he created a system resilient to any kind of banning, and that's why he chose to be anonymous (and he "chickened out" hard when Wikileaks accepted BTC donations, he thought BTC was not ready yet for that kind of attention - he was mistaken).
Summing up: Bitcoin was never intended to be an "investment" or a "virtual commodity" - it was meant to be an potentially world-changing experiment that could disrupt the world current power balances.
Real bitcoiners know this. Real bitcoiners know that the final purpose is not to exchange BTC->fiat, but BTC->goods+services.
Real bitcoiners know that a "bitcoin ban" is not only *expected*, but it is also *needed*. Firstly and foremost, because BTC has YET to prove it is resilient, and that's a final proof. Secondly, because it will just mean that Bitcoin is going in the direction it was designed to go.
This "scare tactics" just shake out weak hands that see in BTC just a way of making a quick (fiat) buck. I know that most of the old timers wouldn't dump their coins if there is a global ban - would you?
Summing up: Bitcoin was never intended to be an "investment" or a "virtual commodity" - it was meant to be an potentially world-changing experiment that could disrupt the world current power balances.
Real bitcoiners know this. Real bitcoiners know that the final purpose is not to exchange BTC->fiat, but BTC->goods+services.
Real bitcoiners know that a "bitcoin ban" is not only *expected*, but it is also *needed*. Firstly and foremost, because BTC has YET to prove it is resilient, and that's a final proof. Secondly, because it will just mean that Bitcoin is going in the direction it was designed to go.
This "scare tactics" just shake out weak hands that see in BTC just a way of making a quick (fiat) buck. I know that most of the old timers wouldn't dump their coins if there is a global ban - would you?
This distinction between "real bitcoiners" and (presumably) the wrong kind of bitcoiners is too crude for my taste. And the question "would you dump all coins if BTC becomes illegal" is too simple as well (I wouldn't, at least not immediately, but I would keep my eyes open if there's an alternative showing up).
The "virtual commodity" and "absolutely free currency/store of value" aspects are, in my opinion, deeply intertwined. You won't get one without the other.
That's why my own mental representation of BTC resembles that of the Internet as a whole: largely unregulated, but not entirely so. Traceable and governed as far as agencies can, and if there's a strong interest (hur dur terrorism), they can do so quite effectively. Finally, ways to *circumvent* such monitoring and governing if you're technically savvy enough (Tor network comes to mind).
All in all: no. I simply disagree with your spirited and idealistic, but also somewhat naive analysis of what BTC is and will be. It won't be entirely unregulated. It won't replace dirty fiat in our live times. But it will give those who know how to make use of it new means of channeling wealth around regulations, just like the Internet gave you that ability with respect to "valueless" information.
SIDENOTE: sorry masterluc if this turns out too offtopic. let us know if we get on your nerves
I'm not saying what Bitcoin is or what it will be - I'm just stating what Bitcoin was designed to be. It's all in Satoshi's work, and it's a matter of fact.
As he originally conceived Bitcoin, its illegal by nature, as it is an attack to the current financial system.
Then, many things can happen: the Bitcoin Foundation can collude with Gov's and implement redlists and whatnot, or it may enter in a deflationary spiral, or maybe POW reveals itself unviable unless there is constant growth for eternity (which is physically unlikely). Summing up: I don't know what it will be, but I know what it was designed to be.
Is it me or is this going to look very ugly. It is @ 950 stamp 1000 gox, and 5600 cny
this looks like a bogus top... what is the bottom?
this looks like a bogus top... what is the bottom?
Its clear in Satoshi's early work that the final purpose of this experiment is to replace "dishonest" fiat money. He already knew that if BTC was to replace government-issued currency, banning and harsh fight would happen - this is why he created a system resilient to any kind of banning, and that's why he chose to be anonymous (and he "chickened out" hard when Wikileaks accepted BTC donations, he thought BTC was not ready yet for that kind of attention - he was mistaken).
Summing up: Bitcoin was never intended to be an "investment" or a "virtual commodity" - it was meant to be an potentially world-changing experiment that could disrupt the world current power balances.
Real bitcoiners know this. Real bitcoiners know that the final purpose is not to exchange BTC->fiat, but BTC->goods+services.
Real bitcoiners know that a "bitcoin ban" is not only *expected*, but it is also *needed*. Firstly and foremost, because BTC has YET to prove it is resilient, and that's a final proof. Secondly, because it will just mean that Bitcoin is going in the direction it was designed to go.
This "scare tactics" just shake out weak hands that see in BTC just a way of making a quick (fiat) buck. I know that most of the old timers wouldn't dump their coins if there is a global ban - would you?
Summing up: Bitcoin was never intended to be an "investment" or a "virtual commodity" - it was meant to be an potentially world-changing experiment that could disrupt the world current power balances.
Real bitcoiners know this. Real bitcoiners know that the final purpose is not to exchange BTC->fiat, but BTC->goods+services.
Real bitcoiners know that a "bitcoin ban" is not only *expected*, but it is also *needed*. Firstly and foremost, because BTC has YET to prove it is resilient, and that's a final proof. Secondly, because it will just mean that Bitcoin is going in the direction it was designed to go.
This "scare tactics" just shake out weak hands that see in BTC just a way of making a quick (fiat) buck. I know that most of the old timers wouldn't dump their coins if there is a global ban - would you?
This distinction between "real bitcoiners" and (presumably) the wrong kind of bitcoiners is too crude for my taste. And the question "would you dump all coins if BTC becomes illegal" is too simple as well (I wouldn't, at least not immediately, but I would keep my eyes open if there's an alternative showing up).
The "virtual commodity" and "absolutely free currency/store of value" aspects are, in my opinion, deeply intertwined. You won't get one without the other.
That's why my own mental representation of BTC resembles that of the Internet as a whole: largely unregulated, but not entirely so. Traceable and governed as far as agencies can, and if there's a strong interest (hur dur terrorism), they can do so quite effectively. Finally, ways to *circumvent* such monitoring and governing if you're technically savvy enough (Tor network comes to mind).
All in all: no. I simply disagree with your spirited and idealistic, but also somewhat naive analysis of what BTC is and will be. It won't be entirely unregulated. It won't replace dirty fiat in our live times. But it will give those who know how to make use of it new means of channeling wealth around regulations, just like the Internet gave you that ability with respect to "valueless" information.
SIDENOTE: sorry masterluc if this turns out too offtopic. let us know if we get on your nerves
I see pennant forming on Stamp and China.
edit: actually broken up on BTCChina now
I take it this is following the rule that bearish triangles become bullish in BTC?
Or am I just drawing pennants in too short a timeframe?
edit: actually broken up on BTCChina now
I take it this is following the rule that bearish triangles become bullish in BTC?
Or am I just drawing pennants in too short a timeframe? Jump to: