Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 119.

brocktice

sr. member

Activity: 292

Merit: 250

Apparently I inspired this image.

Quote from: Cheeseman on May 16, 2011, 03:19:23 PM

We may see record high prices this week with all of the media attention from Reddit/BoingBoing that took down the site/forums earlier today. I don't think we'll see this new attention reflected in BTC price until late this week, as it takes a couple days to get money to the exchanges.

I placed a $1000 bet on this yesterday, we'll see how it goes.

Cheeseman

newbie

Activity: 23

Merit: 0

We may see record high prices this week with all of the media attention from Reddit/BoingBoing that took down the site/forums earlier today. I don't think we'll see this new attention reflected in BTC price until late this week, as it takes a couple days to get money to the exchanges.

coined

full member

Activity: 174

Merit: 100

should we be expecting somebody to buy everything up to $10 in one go any moment? thats a pattern lately, everytime the sells mount up relative to the buys and take over the chart, we all see the "sell pressure" and conclude a downwards trend is about to happen, or this correction were all waiting on, it begins to happen a bit and then BAM! somebody buys everything that was on the page, thats been how most of the big upward spikes happened in the last weeks, the big buyers seem to be waiting for these moments when the sells start piling up so they can get them in one buy, maybe its safer than them driving up the market even faster with a 100k buy order sitting there,

again im just a pleb with no experience thinking out loud Grin

it could very well be the start of a huge sell hitting parity in 3 days Cheesy

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: S3052 on May 16, 2011, 12:55:19 AM

This is what I started in another thread:https://bitcointalksearch.org/topic/m.123329

All,

some of you have seen my Bitcoin Technical / Market analysis.

After 9 months of service since October 2010 (see https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493), I want to build on it and expand it. .
I will still plan to keep my 2x per week regular updates on bitcoinwatch for all people.

What is new is that as some of you have suggested, I will offer a subscription based analysis.

This subscription service provides:

Weekly in depth Bitcoin (BTC/USD) analysis
Covers all time frames
Includes Elliott Wave analysis and trading recommendations based on that
Offers on top trading alerts
Allows 1x per month a tailored analysis for your specific trading needs

The subscription will be handled simply by me sharing the analysis with you per email in a pdf format. You can register via PM, sharing an email contact, and paying the monthly subscription in Bitcoins. The service will start in June `11. Initially I take maximum 20 people. Price will be 5 BTC / month. Send me a private mail to register on first come, first serve basis.

For info, I have already given individual, specific trading recommendations to some people tailored to their needs and they are very satisfied.

Thanks for your trust already. I have already 5 out of 20 subscribers.

sandos

sr. member

Activity: 440

Merit: 250

#SWGT CERTIK Audited

Quote from: molecular on May 13, 2011, 07:38:23 PM

Quote from: S3052 on May 13, 2011, 02:16:47 PM

We are in a "x-mas tree" pattern

aaah, come on, now you're just making stuff up.

I think it's the shape of italy's west coast.

Note that time might reverse when we hit Genova. BTC still on track even then Wink

(S3052, don't take this the wrong way, plz)

This post would have you earned you a tip from if this was witcoin! Love it.

S3052

legendary

Activity: 2100

Merit: 1000

This is what I started in another thread:https://bitcointalksearch.org/topic/m.123329

All,

some of you have seen my Bitcoin Technical / Market analysis.

After 9 months of service since October 2010 (see https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493), I want to build on it and expand it. .
I will still plan to keep my 2x per week regular updates on bitcoinwatch for all people.

What is new is that as some of you have suggested, I will offer a subscription based analysis.

This subscription service provides:

Weekly in depth Bitcoin (BTC/USD) analysis
Covers all time frames
Includes Elliott Wave analysis and trading recommendations based on that
Offers on top trading alerts
Allows 1x per month a tailored analysis for your specific trading needs

The subscription will be handled simply by me sharing the analysis with you per email in a pdf format. You can register via PM, sharing an email contact, and paying the monthly subscription in Bitcoins. The service will start in June `11. Initially I take maximum 20 people. Price will be 5 BTC / month. Send me a private mail to register on first come, first serve basis.

For info, I have already given individual, specific trading recommendations to some people tailored to their needs and they are very satisfied.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

I agree it could be disruptive but I'm not sure that the liberal use of the word "dangerous" is warranted, being as it is subjective in that context.

A liberating force for good maybe dangerous to entrenched status quo interests. But breaking their oppressive stranglehold on the economic freedom of humanity is not dangerous for humanity, it's positively liberating.

eMansipater

sr. member

Activity: 294

Merit: 273

All bets are off now that bitcoin is on BoingBoing and they are quoting Calacanis' very bullish newsletter

Quote

Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband. (...) After month of research and discovery, we've learned the following:
1. Bitcoin is a technologically sound project.
2. Bitcoin is unstoppable without end-user prosecution.
3. Bitcoin is the most dangerous open-source project ever created.
4. Bitcoin may be the most dangerous technological project since the internet itself.
5. Bitcoin is a political statement by technotarians (technological libertarians).*
6. Bitcoins will change the world unless governments ban them with harsh penalties.

from http://www.boingboing.net/2011/05/15/bitcoin-a-new-peer-t.html

kinghajj

member

Activity: 66

Merit: 10

I think this chart says it all, really.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-10-09zeg2011-05-16zvzcvzlztgSzm1g10zm2g25

silversurfer

member

Activity: 103

Merit: 10

Quote from: Villem Anton on May 15, 2011, 10:27:25 AM

S3052, a tip would be to look at volume in terms of USD. The picture is quite different and it clearly shows that in terms of USD turnover the last few days have been record high. The argument for this is that most new people will decide to invest X USD worth of bitcoins. So the activity should be considered in USD which is quite different when we have seen huge increase in BTC/USD recently.

I agree, this is more relevant. Volume was record this week.

Good luck getting money from your bank to Mt. Gox on a weekend. Wait til next week to sell if that's what you want to do.

Talk is cheap. Put your money where your mouth is.

Villem Anton

newbie

Activity: 29

Merit: 0

S3052, a tip would be to look at volume in terms of USD. The picture is quite different and it clearly shows that in terms of USD turnover the last few days have been record high. The argument for this is that most new people will decide to invest X USD worth of bitcoins. So the activity should be considered in USD which is quite different when we have seen huge increase in BTC/USD recently.

PseudoCode

full member

Activity: 153

Merit: 100

a couple of questions for S3052 - One thing I have noticed about Bitcoin, is that whenever a large sale of coins happens, dropping the value significantly, is how *quickly* it rebounds, as many others seem to take the opportunity to snap up the newly liberated coins at a lower price.

Is this rapid-recovery tendency a likely indicator of an ever-increasing userbase driving demmand inexorably higher and quickly taking up the slack when a large speculator gets cold feet about continued growth and decides to dump a heap of coins and take their profit ?

Is the viral spread of news and adoption of bitcoins enough to make it behave *unlike* the normal stock market (that everyone knows exists but only a small percentage of people decide to start playing in normally )and hence explain the rapid-recovery tendency ?

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: S3052 on May 15, 2011, 02:57:35 AM

Interim update.

so? prices will drop more Cheesy

glad to hear that.

Sell! Sell! Sell!

S3052

legendary

Activity: 2100

Merit: 1000

Interim update.

allinvain

legendary

Activity: 3080

Merit: 1080

Quote from: DukeOfEarl on May 14, 2011, 09:05:43 PM

Quote from: allinvain on May 14, 2011, 08:31:34 PM

That's why the bitcoin exchanges should be closed on the weekend like the Forex market - ie close Friday open Sunday

This is more of a case that the Forex should be open 24/7. So the rest of us can sell when the news comes out rather than only the big players.

duke

I suppose that can be the case as well, but most news releases come out during the weekday business days. A few items like international conferences and such do happen on Saturday when the markets are closed.

bitcool

legendary

Activity: 1441

Merit: 1000

Live and enjoy experiments

Quote from: MoonShadow on April 04, 2011, 06:02:35 PM

Quote from: bitcool on April 04, 2011, 05:59:06 PM

Quote from: S3052 on April 04, 2011, 05:38:55 PM

Agree with you.

And it is even more than that:
The current rate of mining creates 7,000-10,000 bitcoins per day, 50,000 - 70,000 per week, 200,000 - 280,000 per month. This creates a lot of supply which, if not absorbed by buyers of bitcoins results in a lot of technical overhead pressure on BTC/fiat currencies.

On the other hand, for a completely decentralized "fiat" currency, attracting 160K~224K inflow per month -- like in the past few months -- is quite remarkable.

There are no rich people competing to hoard BTC, which is a healthy thing at this stage. The trading volume shows this is still a very thin market but that can change on a dime any time.

Yeah, it's been surprising to watch it all unfold. It never really was destined to last. Still, I would contest the assumption that there are no wealthy players involved in Bitcoin. All that we can really say is that no wealthy players have invested excessively in Bitcoin.

Now you've seen how it looks like when a few rich duds come to town.

DukeOfEarl

newbie

Activity: 28

Merit: 0

Quote from: allinvain on May 14, 2011, 08:31:34 PM

That's why the bitcoin exchanges should be closed on the weekend like the Forex market - ie close Friday open Sunday

This is more of a case that the Forex should be open 24/7. So the rest of us can sell when the news comes out rather than only the big players.

duke

allinvain

legendary

Activity: 3080

Merit: 1080

Quote from: coined on May 14, 2011, 07:52:30 PM

I wonder if this panic selling can continue beyond monday/tuesday since the buyers can't get their money transfered in on the weekends, during the last weekdays all the big sells were followed with massive even bigger buys soon after(surprising us all everytime Grin

), it looks to be much harder for the buyers to do anything about a panic sell off on the weekends, is that a fair observation?

again im just a pleb with no trading experience watching and wondering Tongue

That's why the bitcoin exchanges should be closed on the weekend like the Forex market - ie close Friday open Sunday

Current-C

full member

Activity: 124

Merit: 100

I'd love to see a pullback to at least 5 but my suspicion is that we'll see a consolidation in the 7 range with slight upward drift for a little over a week. This will set us up for a decisive attack on 10.

coined

full member

Activity: 174

Merit: 100

I wonder if this panic selling can continue beyond monday/tuesday since the buyers can't get their money transfered in on the weekends, during the last weekdays all the big sells were followed with massive even bigger buys soon after(surprising us all everytime Grin

), it looks to be much harder for the buyers to do anything about a panic sell off on the weekends, is that a fair observation?

again im just a pleb with no trading experience watching and wondering Tongue

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