Are we all seeing the same chart??? | Bitcointalksearch.org

inca

legendary

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Quote from: BittBurger on October 15, 2014, 09:28:29 AM

Quote from: fewcoins on October 15, 2014, 07:58:55 AM

I just want to see what the perma bulls keep seeing as strength in the bitcoin chart... Huh

That's the point. We don't see strengths in bitcoin charts.

We are perma bulls because we are paying attention to the news. The infrastructure. The startups. The mass quantities of smart people building businesses, services, and "innovating at the edges". There is absolutely no sign of slowing down in this regard, and charts mean a pile of shit compared to the aforementioned elements. Unless you're talking about short term permabulls, permabulls are the only smart people on this entire discussion forum. Because their faith is in whats actually *happening* out there.

When I begin to see all of that slow down, or stop, that's when I turn from a bull to a bear, and get the heck out of Dodge.

-B-

Fools drawing a line on a chart and selling bitcoin in 2010, 2011, 2012, 2013 made a poor choice. I suspect the next twelve months will catch most people on this forum by surprise.

sgbett

legendary

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screen cap of possibly most profound fp ever...

nice work!

600watt

legendary

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Quote from: Pente on October 15, 2014, 09:19:34 PM

Chaos theory says that the length of fractal (like a coastline) depends on the length of your ruler.

wow, the length of this uptrend is depending on the lenght of my "ruler" ?!!??1!

if that is the case, ladies & gentleman, we will see an epic new ATH of unthinkable highs...

Grin

bajlox

full member

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We all wants to see what we thing is good for us.
Is this only thing that we are looking or hopping to see.

RomertL

sr. member

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Quote from: BittBurger on October 15, 2014, 09:28:29 AM

Quote from: fewcoins on October 15, 2014, 07:58:55 AM

I just want to see what the perma bulls keep seeing as strength in the bitcoin chart... Huh

That's the point. We don't see strengths in bitcoin charts.

We are perma bulls because we are paying attention to the news. The infrastructure. The startups. The mass quantities of smart people building businesses, services, and "innovating at the edges". There is absolutely no sign of slowing down in this regard, and charts mean a pile of shit compared to the aforementioned elements. Unless you're talking about short term permabulls, permabulls are the only smart people on this entire discussion forum. Because their faith is in whats actually *happening* out there.

When I begin to see all of that slow down, or stop, that's when I turn from a bull to a bear, and get the heck out of Dodge.
i
-B-

Agree, I never give the charts much of a thought. For me, Bitcoin is just an idea far too good to fail, especially with the enormous potential of the blockchain 2.0 technology. And many extremely smart people are involved, almost every week I read about a new startup or idea that just blows my mind. The potential is just enormous. Sometimes I consider to hedge a little by buying gold or silver, but then I read about some new cool application of the blockchain 2.0 technology and decide against it. The only reason Bitcoin is so cheap now is that a very small part of the population have rudimentary knowledge of Bitcoin, and of those, only a very small part have the faintest idea what Blockchain 2.0 is, that store of value and currency is a very small part of what the Blockchain is capable of. I can't tell you what the price is tomorrow or in one year, but in 10 years it will NOT be cheap.

Cortex7

full member

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sweet channel breakout, very bullish, cheers for posting it OP!

Blavatsky

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Tipsters Championship www.DirectBet.eu/Competition

no matter what you see and how much you see makes sense, in the end what happens has nothing to do with it.

Just don't try to guess the price for more than a couple of days range and be happy

EternalWingsofGod

hero member

Activity: 700

Merit: 500

Still goes with the adoption curve matrix
Although it is offset by conversions into fiat so when it decides to do something
It will be fast

Pente

hero member

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Chaos theory says that the length of fractal (like a coastline) depends on the length of your ruler.

Soros Shorts

donator

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Quote from: fewcoins on October 15, 2014, 07:58:55 AM

I see the continuation of lower highs & everytime we get to an extremely overbought situation like this, we get a sharp correction back to the mean! Looks like we will head back down to stay in this slow descending range we have been in all year. I just want to see what the perma bulls keep seeing as strength in the bitcoin chart... Huh

Why don't you add RSI and MACD to your chart? There is a bullish divergence on the price/RSI chart, and the MACD has clearly crossed over. We are no longer in the same downtrend from earlier this year.

MrBig

sr. member

Activity: 369

Merit: 250

Quote from: BittBurger on October 15, 2014, 09:28:29 AM

Quote from: fewcoins on October 15, 2014, 07:58:55 AM

I just want to see what the perma bulls keep seeing as strength in the bitcoin chart... Huh

That's the point. We don't see strengths in bitcoin charts.

We are perma bulls because we are paying attention to the news. The infrastructure. The startups. The mass quantities of smart people building businesses, services, and "innovating at the edges". There is absolutely no sign of slowing down in this regard, and charts mean a pile of shit compared to the aforementioned elements. Unless you're talking about short term permabulls, permabulls are the only smart people on this entire discussion forum. Because their faith is in whats actually *happening* out there.

When I begin to see all of that slow down, or stop, that's when I turn from a bull to a bear, and get the heck out of Dodge.

-B-

The current trend and long-term potential are different things. Besides, it's not wise to count your chicks before they hatch.

fewcoins

full member

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Quote from: MF Doom on October 15, 2014, 09:17:30 AM

I dont think the market is old enough to use any trend line accurately, but a lot of people on here try to!

Well if the trend has been down ever since the onslaught of all these exchanges why wouldn't we use a trend line when it is clearly trending down???
I understand you guys believe in the infrastructure, I do too... Point is there is enough money looking at bitcoin to be able to crush it in one swooping motion

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: BittBurger on October 15, 2014, 09:28:29 AM

Quote from: fewcoins on October 15, 2014, 07:58:55 AM

I just want to see what the perma bulls keep seeing as strength in the bitcoin chart... Huh

That's the point. We don't see strengths in bitcoin charts.

We are perma bulls because we are paying attention to the news. The infrastructure. The startups. The mass quantities of smart people building businesses, services, and "innovating at the edges". There is absolutely no sign of slowing down in this regard, and charts mean a pile of shit compared to the aforementioned elements. Unless you're talking about short term permabulls, permabulls are the only smart people on this entire discussion forum. Because their faith is in whats actually *happening* out there.

When I begin to see all of that slow down, or stop, that's when I turn from a bull to a bear, and get the heck out of Dodge.

-B-

oblig...

you mean its not the charts !?

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: fewcoins on October 15, 2014, 07:58:55 AM

I just want to see what the perma bulls keep seeing as strength in the bitcoin chart... Huh

That's the point. We don't see strengths in bitcoin charts.

We are perma bulls because we are paying attention to the news. The infrastructure. The startups. The mass quantities of smart people building businesses, services, and "innovating at the edges". There is absolutely no sign of slowing down in this regard, and charts mean a pile of shit compared to the aforementioned elements. Unless you're talking about short term permabulls, permabulls are the only smart people on this entire discussion forum. Because their faith is in whats actually *happening* out there.

When I begin to see all of that slow down, or stop, that's when I turn from a bull to a bear, and get the heck out of Dodge.

-B-

MF Doom

hero member

Activity: 560

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I dont think the market is old enough to use any trend line accurately, but a lot of people on here try to!

sgbett

legendary

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Merit: 1087

its rigged against traders silly.

fewcoins

full member

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Merit: 100

Quote from: sgbett on October 15, 2014, 08:30:51 AM

so your argument consists of don't compare this to charts on other markets because *these* charts are minipulated, but the price is definitely going down because the charts you told us to ignore say that it has been going down before, so it must continue that way.

captiain fewcoins. few on coins, many on logics.

how about this fairly simple thing...

Thats *your* channel it broke out of on high volume...

Correct! And it also did high volume out of the channel I drew too... It quickly returned to the mean & it will happen again. We had a chart like this around 800 & 500ish too & we dropped down very very fast again. As time passes you must understand volume will increase since more people are day trading (causing redic price swings) & also many forex traders and other whales are involved in the market. Also everyone is using margin accounts so they can control 10x the amount of coins they having causing 10x as much money looking like it is being traded! Think first bro! The game is rigged, not in your favor!!!

sgbett

legendary

Activity: 2576

Merit: 1087

so your argument consists of don't compare this to charts on other markets because *these* charts are minipulated, but the price is definitely going down because the charts you told us to ignore say that it has been going down before, so it must continue that way.

captiain fewcoins. few on coins, many on logics.

how about this fairly simple thing...

Thats *your* channel it broke out of on high volume...

fewcoins

full member

Activity: 126

Merit: 100

Quote from: sgbett on October 15, 2014, 08:20:59 AM

or this one...

Please remember this market is now under MANY MANY more eyes & way more manipulative money is now in this market. This isn't the NYSE, please keep that in mind before you say, "yea well these down trends happened before the it hit $1,200!" Please don't let the willy bot and the other programs around now confuse you into thinking strength in the market and confuse you as to what the real value is and the real all time high. Good luck to you & all on this forum

fewcoins

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Merit: 100

Quote from: sgbett on October 15, 2014, 08:14:00 AM

Quote from: fewcoins on October 15, 2014, 08:10:53 AM

Quote from: sgbett on October 15, 2014, 08:06:11 AM

I don't think we will ever see the same chart, because you only see what you want to.

That's what I am basically saying about you guys... I mean c'mon lower highs for 11months?? I am seeing the facts! I think you're seeing what you want to see buddy!

We are in severe overbought level! Who can even argue that?

tell me about these facts.... what do you see in this chart...

I see the first jump in the chart must have been a huge bubble due to the slow bleed correction that followed after. Many sharp drops that got recovered, follow by a halt in trading of somesort or a crash or something that caused a break in the chart... then the sell-off slows down, looks to be no volume, just hanging around losing slightly... Then many more sell-offs that led to the typical "omfg its so cheap right now" response but it is basically a slow bleed (sell-off) until the end of the chart where two things can happen. Due to the low being only slightly less or basically the same as the previous low. It could be a double bottom which might finally break this trend and cause a rally upward or it will continue in a slight downtrend (slow bleed) as the rest of the chart indicates.

...Thanks for that homework assignment lmfao Cheesy

Topic: Are we all seeing the same chart??? (Read 2569 times)