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Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 46. (Read 540250 times)

legendary
Activity: 2100
Merit: 1000
Have you noticed that prices have spiked a couple of times above 5.20$ but without the needed volume to actually allow for that ?
it seems that there is something strange going on on mtgox .
I wonder if there is some price fixing / fooling going on on purpose. This could be even related to bitcoinica.
Does anyone know if bitcoinica is currently still trading on mtgox and is this outside of the normal order book.
I was not aware that there are still dark orders posible.
legendary
Activity: 2100
Merit: 1000
...

This analogy is far-fetched though since you are comparing AAPLes and oranges. Assuming a stock will act like Bitcoin is questionable.

Actually what can happen here is that once the low volatility period is over the price movement in the oranges can be a lot sharper than price movement in the apples.

Smile....

This is spot on: bitcoin logos are often indeed orange.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
...

This analogy is far-fetched though since you are comparing AAPLes and oranges. Assuming a stock will act like Bitcoin is questionable.

Actually what can happen here is that once the low volatility period is over the price movement in the oranges can be a lot sharper than price movement in the apples.
legendary
Activity: 2100
Merit: 1000
short term analysis issued: Volatility.

hmm. still hasn't kicked in, has it?

Here is one little analysis trying to address your question.

http://www.bitcoinbullbear.com/forum.html#/20111119/bitcoin-technical-analysis-1030059/page4/


Quote
BitcoinAnalyst said about an hour ago
The bitcoin price volatility has been at historic lows recently.
Over the past 10 days, this has started to change: Since May 6, volatility is on the rise and very likely will rise more in the next weeks.

this doesn't explain much, but you got me interested.

The interwebs tell me:

Quote
In finance, volatility is a measure for variation of price of a financial instrument over time.

I don't see the price jump around (vary) more than usual in recent times (since may 6th).

Can you explain how you measure volatility? Is there an indicator on bitcoincharts that shows volatility?

There are many ways to look at volatility. Two of them are:
* Bollinger bands (this one and the one below are available on bitcoincharts). You also see in this case that the bands are a bit wider than at the very narrow range on May 10

* Chaikin's Volatility: "Chaikin's Volatility indicator measures the volatility of a security. High values indicate that prices are changing a large amount during the day. Low values indicate that prices are staying relatively constant. Note that both trending and level prices can have high or low volatility." http://www.tradingsolutions.com/functions/ChaikinsVolatility.html


still having a hard time understanding, especially potential implications.

everything from 5.10 down to 4.80 has been cleared on may 10th, naturally there is less friction on the way back up ("ease of movement" == "not much friction"). What are the implications of high volatility (in the past)?


Volatility is something that is only one of many possible indicators. I only use it with care and again, only in conjunction with many other tools.
If volatility is EXTREMELY LOW (like currently), it just says that very likely there will be some explosive price action afterward. But low volatility can persist for quite a while. Nevertheless, it almost never fails to anticipate very sharp movements. But patience is warranted until then.

As one example, look at AAPL

From Oct 2008 to Apr 2009 is trading at historically low volatility (as expressed through the bollinger bands which narrowed to a tight range in Apr 2009). And then look what happened afterwards. Now look at the past months in bitcoins..



This analogy is far-fetched though since you are comparing AAPLes and oranges. Assuming a stock will act like Bitcoin is questionable.

Biitcoins are traded broadly enough that the principles of technical analysis apply as well as for stocks, induced, currencies, precious metals and other commodities.
legendary
Activity: 1526
Merit: 1001
short term analysis issued: Volatility.

hmm. still hasn't kicked in, has it?

Here is one little analysis trying to address your question.

http://www.bitcoinbullbear.com/forum.html#/20111119/bitcoin-technical-analysis-1030059/page4/


Quote
BitcoinAnalyst said about an hour ago
The bitcoin price volatility has been at historic lows recently.
Over the past 10 days, this has started to change: Since May 6, volatility is on the rise and very likely will rise more in the next weeks.

this doesn't explain much, but you got me interested.

The interwebs tell me:

Quote
In finance, volatility is a measure for variation of price of a financial instrument over time.

I don't see the price jump around (vary) more than usual in recent times (since may 6th).

Can you explain how you measure volatility? Is there an indicator on bitcoincharts that shows volatility?

There are many ways to look at volatility. Two of them are:
* Bollinger bands (this one and the one below are available on bitcoincharts). You also see in this case that the bands are a bit wider than at the very narrow range on May 10

* Chaikin's Volatility: "Chaikin's Volatility indicator measures the volatility of a security. High values indicate that prices are changing a large amount during the day. Low values indicate that prices are staying relatively constant. Note that both trending and level prices can have high or low volatility." http://www.tradingsolutions.com/functions/ChaikinsVolatility.html


still having a hard time understanding, especially potential implications.

everything from 5.10 down to 4.80 has been cleared on may 10th, naturally there is less friction on the way back up ("ease of movement" == "not much friction"). What are the implications of high volatility (in the past)?


Volatility is something that is only one of many possible indicators. I only use it with care and again, only in conjunction with many other tools.
If volatility is EXTREMELY LOW (like currently), it just says that very likely there will be some explosive price action afterward. But low volatility can persist for quite a while. Nevertheless, it almost never fails to anticipate very sharp movements. But patience is warranted until then.

As one example, look at AAPL

From Oct 2008 to Apr 2009 is trading at historically low volatility (as expressed through the bollinger bands which narrowed to a tight range in Apr 2009). And then look what happened afterwards. Now look at the past months in bitcoins..



This analogy is far-fetched though since you are comparing AAPLes and oranges. Assuming a stock will act like Bitcoin is questionable.
legendary
Activity: 2100
Merit: 1000
short term analysis issued: Volatility.

hmm. still hasn't kicked in, has it?

Here is one little analysis trying to address your question.

http://www.bitcoinbullbear.com/forum.html#/20111119/bitcoin-technical-analysis-1030059/page4/


Quote
BitcoinAnalyst said about an hour ago
The bitcoin price volatility has been at historic lows recently.
Over the past 10 days, this has started to change: Since May 6, volatility is on the rise and very likely will rise more in the next weeks.

this doesn't explain much, but you got me interested.

The interwebs tell me:

Quote
In finance, volatility is a measure for variation of price of a financial instrument over time.

I don't see the price jump around (vary) more than usual in recent times (since may 6th).

Can you explain how you measure volatility? Is there an indicator on bitcoincharts that shows volatility?

There are many ways to look at volatility. Two of them are:
* Bollinger bands (this one and the one below are available on bitcoincharts). You also see in this case that the bands are a bit wider than at the very narrow range on May 10

* Chaikin's Volatility: "Chaikin's Volatility indicator measures the volatility of a security. High values indicate that prices are changing a large amount during the day. Low values indicate that prices are staying relatively constant. Note that both trending and level prices can have high or low volatility." http://www.tradingsolutions.com/functions/ChaikinsVolatility.html


still having a hard time understanding, especially potential implications.

everything from 5.10 down to 4.80 has been cleared on may 10th, naturally there is less friction on the way back up ("ease of movement" == "not much friction"). What are the implications of high volatility (in the past)?


Volatility is something that is only one of many possible indicators. I only use it with care and again, only in conjunction with many other tools.
If volatility is EXTREMELY LOW (like currently), it just says that very likely there will be some explosive price action afterward. But low volatility can persist for quite a while. Nevertheless, it almost never fails to anticipate very sharp movements. But patience is warranted until then.

As one example, look at AAPL

From Oct 2008 to Apr 2009 is trading at historically low volatility (as expressed through the bollinger bands which narrowed to a tight range in Apr 2009). And then look what happened afterwards. Now look at the past months in bitcoins..

legendary
Activity: 2100
Merit: 1000
New short term update for #bitcoin charts issued to subscribers: TITLE: More reasons why..
donator
Activity: 2772
Merit: 1019
short term analysis issued: Volatility.

hmm. still hasn't kicked in, has it?

Here is one little analysis trying to address your question.

http://www.bitcoinbullbear.com/forum.html#/20111119/bitcoin-technical-analysis-1030059/page4/


Quote
BitcoinAnalyst said about an hour ago
The bitcoin price volatility has been at historic lows recently.
Over the past 10 days, this has started to change: Since May 6, volatility is on the rise and very likely will rise more in the next weeks.

this doesn't explain much, but you got me interested.

The interwebs tell me:

Quote
In finance, volatility is a measure for variation of price of a financial instrument over time.

I don't see the price jump around (vary) more than usual in recent times (since may 6th).

Can you explain how you measure volatility? Is there an indicator on bitcoincharts that shows volatility?

There are many ways to look at volatility. Two of them are:
* Bollinger bands (this one and the one below are available on bitcoincharts). You also see in this case that the bands are a bit wider than at the very narrow range on May 10

* Chaikin's Volatility: "Chaikin's Volatility indicator measures the volatility of a security. High values indicate that prices are changing a large amount during the day. Low values indicate that prices are staying relatively constant. Note that both trending and level prices can have high or low volatility." http://www.tradingsolutions.com/functions/ChaikinsVolatility.html


still having a hard time understanding, especially potential implications.

everything from 5.10 down to 4.80 has been cleared on may 10th, naturally there is less friction on the way back up ("ease of movement" == "not much friction"). What are the implications of high volatility (in the past)?
legendary
Activity: 2100
Merit: 1000
short term analysis issued: Volatility.

hmm. still hasn't kicked in, has it?

Here is one little analysis trying to address your question.

http://www.bitcoinbullbear.com/forum.html#/20111119/bitcoin-technical-analysis-1030059/page4/


Quote
BitcoinAnalyst said about an hour ago
The bitcoin price volatility has been at historic lows recently.
Over the past 10 days, this has started to change: Since May 6, volatility is on the rise and very likely will rise more in the next weeks.

this doesn't explain much, but you got me interested.

The interwebs tell me:

Quote
In finance, volatility is a measure for variation of price of a financial instrument over time.

I don't see the price jump around (vary) more than usual in recent times (since may 6th).

Can you explain how you measure volatility? Is there an indicator on bitcoincharts that shows volatility?

There are many ways to look at volatility. Two of them are:
* Bollinger bands (this one and the one below are available on bitcoincharts). You also see in this case that the bands are a bit wider than at the very narrow range on May 10

* Chaikin's Volatility: "Chaikin's Volatility indicator measures the volatility of a security. High values indicate that prices are changing a large amount during the day. Low values indicate that prices are staying relatively constant. Note that both trending and level prices can have high or low volatility." http://www.tradingsolutions.com/functions/ChaikinsVolatility.html
donator
Activity: 2772
Merit: 1019
short term analysis issued: Volatility.

hmm. still hasn't kicked in, has it?

Here is one little analysis trying to address your question.

http://www.bitcoinbullbear.com/forum.html#/20111119/bitcoin-technical-analysis-1030059/page4/


Quote
BitcoinAnalyst said about an hour ago
The bitcoin price volatility has been at historic lows recently.
Over the past 10 days, this has started to change: Since May 6, volatility is on the rise and very likely will rise more in the next weeks.

this doesn't explain much, but you got me interested.

The interwebs tell me:

Quote
In finance, volatility is a measure for variation of price of a financial instrument over time.

I don't see the price jump around (vary) more than usual in recent times (since may 6th).

Can you explain how you measure volatility? Is there an indicator on bitcoincharts that shows volatility?
legendary
Activity: 2100
Merit: 1000
donator
Activity: 2772
Merit: 1019
short term analysis issued: Volatility.

hmm. still hasn't kicked in, has it?
legendary
Activity: 2100
Merit: 1000
short term analysis issued: Volatility.
legendary
Activity: 2100
Merit: 1000
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legendary
Activity: 2100
Merit: 1000
New short term alert out to subscribers:
TITLE: The ALL-IN-CHART
legendary
Activity: 2100
Merit: 1000
Its quite simple and nothing bad here: The article is based on May 2 analysis with an update from May 9. Then I did the May 10 analysis and the short term chart picture changed bearish.
legendary
Activity: 2198
Merit: 1311
*lol*

The funny thing is, always if S3502 starts announcing a big rally, the prices start dropping. This also works the other way around, so its predictions can work well as a good contraindicator Smiley

This cannot be just coincidence that the market is relatively stable for nearly a month, and as soon as S3502 starts talking about the big breakout, and the rally that will retest all-time-high (the usual bubble words, you know), then price drops down like a stone.


To clarify. It is exactly the opposite of what you are talking about.
The article mentioned is actually based on the May 2 weekly bitcoin newsletter.

Yesterday evening, May 10th, we issued a new analysis and turned bearish. Right after that it is when prices fell.

The most recent analyses are only for paying subscribers.


Um, it may have had its basis in an analysis you made on May 2nd, but that public update, published on May 10th, referenced dates and used charts after May 2nd (e.g. May 3rd and May 9th).  And at the start of the public update your voice seems to be pretty clearly speaking from the present.  Given all that, it now seems even more odd that you would issue this public update on May 10th (whether it had some basis in May 2nd's update or not) and then privately issue to your subscribers, on the very same day, as you just confessed, a new analysis which "turned bearish".  I was a subscriber of yours for some time.  You seem like a nice guy, but this smells bad.
legendary
Activity: 2100
Merit: 1000
*lol*

The funny thing is, always if S3502 starts announcing a big rally, the prices start dropping. This also works the other way around, so its predictions can work well as a good contraindicator Smiley

This cannot be just coincidence that the market is relatively stable for nearly a month, and as soon as S3502 starts talking about the big breakout, and the rally that will retest all-time-high (the usual bubble words, you know), then price drops down like a stone.


To clarify. It is exactly the opposite of what you are talking about.
The article mentioned is actually based on the May 2 weekly bitcoin newsletter.

Yesterday evening, May 10th, we issued a new analysis and turned bearish. Right after that it is when prices fell.

The most recent analyses are only for paying subscribers.
full member
Activity: 203
Merit: 121
Gir: I'm gonna sing the Doom Song now..
*lol*

The funny thing is, always if S3502 starts announcing a big rally, the prices start dropping. This also works the other way around, so its predictions can work well as a good contraindicator Smiley

This cannot be just coincidence that the market is relatively stable for nearly a month, and as soon as S3502 starts talking about the big breakout, and the rally that will retest all-time-high (the usual bubble words, you know), then price drops down like a stone.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
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