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Topic: Bitcoin says ''Fuck you'' (Read 2087 times)

legendary
Activity: 1246
Merit: 1000
July 07, 2013, 04:47:36 AM
#27
Bitcoin has sent a little message to all the bears today:



Be warned bears, don't fuck with the Bitcoin. Tongue

uh

not to be a party pooper but

isn't that a bearish head and shoulders formation?

Yes it is, but quite meaningless on such a small timescale and the entire formation already ran its course. As a bull in a bear market I just found it more satisfying to target the bears. Bitcoin doesn't care either way and said 'fuck you' to us all while it continues to do whatever it wants to. Tongue
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
July 07, 2013, 01:52:23 AM
#26
Bitcoin has sent a little message to all the bears today:



Be warned bears, don't fuck with the Bitcoin. Tongue

uh

not to be a party pooper but

isn't that a bearish head and shoulders formation?

The irony ITT is quite stunning!



full member
Activity: 168
Merit: 100
July 07, 2013, 01:42:04 AM
#25
Bitcoin has sent a little message to all the bears today:



Be warned bears, don't fuck with the Bitcoin. Tongue

uh

not to be a party pooper but

isn't that a bearish head and shoulders formation?
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
July 06, 2013, 10:12:20 PM
#24
That is what is known as a "Head and Shoulders" pattern. A reversal pattern. That one is the type that breaks down. There is also an "inverse H&S" which breaks up.

http://www.investopedia.com/terms/h/head-shoulders.asp

You're welcome Wink

Edit: Too slow, samson beat me to it

Edit #2: We had one at the $166 top which played out perfectly

Interesting. Because while I don't believe in TA, (epecially for bitcoin lolretard), people do. I have always seen TA as a voodoo that people think is real only so smart guys who can move markets can paint a picture for them. When you say it played out at $160, people are now primed to think it will play out again, and that's when you pull the rug..... but obviously just a thought, downside risk seems all too very real.

The one mentioned in the OP has already finished it's move out of the H&S pattern, so no rug pulling today Smiley
Usually they take anywhere from days to weeks to form and complete, so today's pattern was likely not an actual H&S and just coincidentally looked and finished like one.

This is the one I was referring to though.


legendary
Activity: 1414
Merit: 1000
HODL OR DIE
July 06, 2013, 09:58:54 PM
#23
That is what is known as a "Head and Shoulders" pattern. A reversal pattern. That one is the type that breaks down. There is also an "inverse H&S" which breaks up.

http://www.investopedia.com/terms/h/head-shoulders.asp

You're welcome Wink

Edit: Too slow, samson beat me to it

Edit #2: We had one at the $166 top which played out perfectly

Interesting. Because while I don't believe in TA, (epecially for bitcoin lolretard), people do. I have always seen TA as a voodoo that people think is real only so smart guys who can move markets can paint a picture for them. When you say it played out at $160, people are now primed to think it will play out again, and that's when you pull the rug..... but obviously just a thought, downside risk seems all too very real.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
July 06, 2013, 07:36:58 PM
#22
Bitcoin has sent a little message to all the bears today:



Be warned bears, don't fuck with the Bitcoin. Tongue

lol. bitcoin says to bulls:  SUCKERS!!!  then bitcoin proceeds going down to 50.
sr. member
Activity: 429
Merit: 250
July 06, 2013, 04:17:29 PM
#21
basically we are expecting a small rally to 72 dollars, and then a further decline to who knows what according to this TA
i bet  we will be in the high 50's by friday

I hope so, that's my mark to buy more.  Grin
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
July 06, 2013, 04:16:38 PM
#20
The irony ITT is quite stunning!

Isn't it though?  Grin
hero member
Activity: 630
Merit: 500
Bitgoblin
July 06, 2013, 04:14:49 PM
#19
Lol you win 1 Internet, sir.
(delivered to your address)

Yay my first bitcoin tip ever. Cheers mate! Smiley
It's always good to cheer each other up! : )
legendary
Activity: 910
Merit: 1000
July 06, 2013, 03:57:44 PM
#18
basically we are expecting a small rally to 72 dollars, and then a further decline to who knows what according to this TA
i bet  we will be in the high 50's by friday
legendary
Activity: 1246
Merit: 1000
July 06, 2013, 03:57:14 PM
#17
Lol you win 1 Internet, sir.
(delivered to your address)

Yay my first bitcoin tip ever. Cheers mate! Smiley
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
July 06, 2013, 03:56:11 PM
#16
http://en.wikipedia.org/wiki/Head_and_shoulders_(chart_pattern)

So... the left shoulder being higher than the right shoulder, the price is going to continue to decline.

No, that isn't really important. the neckline needs to be established. When it's below the "head" it breaks down. But that has already happened.

sr. member
Activity: 267
Merit: 250
Learn to go against your mind
July 06, 2013, 03:55:54 PM
#15
Have a big balls and looks like a skyrocket
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
July 06, 2013, 03:55:35 PM
#14
The irony ITT is quite stunning!
full member
Activity: 205
Merit: 100
July 06, 2013, 03:49:43 PM
#13
http://en.wikipedia.org/wiki/Head_and_shoulders_(chart_pattern)

So... the left shoulder being higher than the right shoulder, the price is going to continue to decline.
legendary
Activity: 2097
Merit: 1070
July 06, 2013, 03:35:46 PM
#12
Edit #2: We had one at the $166 top which played out perfectly

It's almost like someone's got a 'bot' programmed to draw these things out on the charts.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
July 06, 2013, 03:35:05 PM
#11
I like bears, they allow me to buy cheaper coins. What's not to like about that? Cheesy

When they become EXPENSIVE coins
hero member
Activity: 784
Merit: 501
July 06, 2013, 03:33:57 PM
#10
I like bears, they allow me to buy cheaper coins. What's not to like about that? Cheesy
hero member
Activity: 630
Merit: 500
Bitgoblin
July 06, 2013, 03:32:14 PM
#9
Bitcoin has sent a little message to all the bears today:



Be warned bears, don't fuck with the Bitcoin. Tongue
Lol you win 1 Internet, sir.
(delivered to your address)
legendary
Activity: 2097
Merit: 1070
July 06, 2013, 03:31:24 PM
#8
That is what is known as a "Head and Shoulders" pattern. A reversal pattern. That one is the type that breaks down. There is also an "inverse H&S" which breaks up.

http://www.investopedia.com/terms/h/head-shoulders.asp

You're welcome Wink

Edit: Too slow, samson beat me to it

LOL, Sounds bearish to me
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