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Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 110. (Read 540250 times)

legendary
Activity: 1222
Merit: 1016
Live and Let Live
LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
full member
Activity: 210
Merit: 100
I think it could go as high as 22, 23 again starting now, but the rally will be short lived.
legendary
Activity: 2100
Merit: 1000
Not everyone believes in technical analysis and this is fine. Everyone should chose where he is most comfortable with.

For myself and my followers and subscribers, there is great evidence that the technical analysis for bitcoins has worked and still is working very well to time trades.


Are you still taking subscribers? I sent an email about it and did not get a response.
I hope you received the mail I sent you. It took a bit longer
legendary
Activity: 2100
Merit: 1000
I have reset the market sentiment poll.


Up?
Same as now?
Down?
I don't know?

click on the poll above.

Please VOTE
full member
Activity: 144
Merit: 101
Not everyone believes in technical analysis and this is fine. Everyone should chose where he is most comfortable with.

For myself and my followers and subscribers, there is great evidence that the technical analysis for bitcoins has worked and still is working very well to time trades.


Are you still taking subscribers? I sent an email about it and did not get a response.
legendary
Activity: 2100
Merit: 1000
Not everyone believes in technical analysis and this is fine. Everyone should chose where he is most comfortable with.

For myself and my followers and subscribers, there is great evidence that the technical analysis for bitcoins has worked and still is working very well to time trades.
full member
Activity: 210
Merit: 100
But so far it is telling me to get ready for $20-$27.

What is "it"?

Intuition is no way to trade. You must break everything down into logic and reasoning or you will get burned.

The technicals are way too volatile right now to infer a trend. Only a fundamental view can justify your theory it will run to $20-27. If so, what theory is that?
full member
Activity: 210
Merit: 100
I should say that this technical analysis is extremely simplified: simple trendlines and RSI.

This is a lousy way to trade. No offence to the OP and his contributions, but do not rely on such limited analysis.

Better to take a fundamental view of where you think it will go in the medium and long term and why (justify it). Then use technicals for timing your trades to obtain good prices.


You can use the technicals any way you want. For example, one could say that what you actually have there is a descending triangle that has already broken on the downside and indicates a confirmed sell signal.

In fact, if it breaks your red line then I would say that is additional confirmation to sell and to go ahead and unload.
full member
Activity: 126
Merit: 100
My technical update.
The calm before the storm??   Shocked

http://i.imgur.com/XkCA6.png


0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address.  Grin

likely in the longterm, i think that the bitcoins is going +1000$ in 10 years. but right now its going down, because its overpriced.

When the exchange rate blasted into the 30s last week I got a little worried that my prediction of no higher than $20/BTC by the end of the year might be wrong.  I'm feeling more confident again.

My bet is no more than 50$ by the end of the year..... 20$ is just too low
legendary
Activity: 2100
Merit: 1000
I have reset the market sentiment poll.


Up?
Same as now?
Down?
I don't know?

click on the poll above.

Please VOTE
legendary
Activity: 2198
Merit: 1311
My technical update.
The calm before the storm??   Shocked

http://i.imgur.com/XkCA6.png


0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address.  Grin

likely in the longterm, i think that the bitcoins is going +1000$ in 10 years. but right now its going down, because its overpriced.

When the exchange rate blasted into the 30s last week I got a little worried that my prediction of no higher than $20/BTC by the end of the year might be wrong.  I'm feeling more confident again.
legendary
Activity: 1372
Merit: 1008
1davout
I wonder of there is a way to tease out data on dark pool trades by correlating visible trades to block chain transactions...
You can see recent big deposits since mtgox moved a shit-ton of coins in a single transaction a couple of days ago, these deposits are probably big dark orders now.
But otherwise no.
legendary
Activity: 1372
Merit: 1008
1davout
There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish

Hmm... It is too bad we can not see the whole orderbook.
The representation is pretty accurate nonetheless IMO, if you assume dark orders are evenly distributed.
THAT, my friend, is a pretty big assumption. You can try to use the visible order book for market analysis, and I suppose it could give you pretty good results if the variance is about what you expect... Until it isn't.
If you have enough you pretty much always trade dark, because you usually don't want to move the market either way. So I think it's not perfectly accurate but it's a reasonable assumption nonetheless.
You might argue that people put big normal orders to attempt to shift the market one way or another, but they probably even out.

Guess only mtgox knows Smiley
legendary
Activity: 1050
Merit: 1000
You are WRONG!
My technical update.
The calm before the storm??   Shocked

http://i.imgur.com/XkCA6.png


0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address.  Grin

likely in the longterm, i think that the bitcoins is going +1000$ in 10 years. but right now its going down, because its overpriced.
jr. member
Activity: 42
Merit: 2
My technical update.
The calm before the storm??   Shocked

http://i.imgur.com/XkCA6.png


0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address.  Grin
legendary
Activity: 2100
Merit: 1000
Here a technical update.
http://chart.ly/bkh9bpa

by the way, where is the StockTwits symbol $BCOIN to pick there. It was announced on bitcoinwatch but I cant pick it.
http://bitcoinwatch.com/
legendary
Activity: 1372
Merit: 1008
1davout
There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish

Hmm... It is too bad we can not see the whole orderbook.
The representation is pretty accurate nonetheless IMO, if you assume dark orders are evenly distributed.
hero member
Activity: 812
Merit: 1001
-
There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish

That's less than one day volume... not such a big deal...
legendary
Activity: 2100
Merit: 1000
There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish
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