*chanting* Lets go bears lets go!
Uhhhh yeaaahh....we're in a bull market...but you can dream
Topic: Crash!!!! - page 9. (Read 34079 times)
Uhhhh yeaaahh....we're in a bull market...but you can dream
*chanting* Lets go bears lets go!
Uhhhh yeaaahh....we're in a bull market...but you can dream
*chanting* Lets go bears lets go!
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
What about Last high was 31.9 last low 2.0. Anything in-between is sideways.
I propose that they are not that valid for estimating resistance levels. I think that that nugget learned from stock markets may not apply to such an illiquid market like BTC. I mean intraday stock prices are still the effect of significant market participation in terms of raw #s of people. But in the BTC markets a single individual can (and did) set those prior highs, and in fact may have done so solely as a pump and dump.
I think we saw a lot of resistance breaking 9. But didn't the convictionless highs push thru 9 like it did not exist, topping out at 9.5-9.7?
Looking at the sell-side it seems like we will see a lot of resistance at 10, I guess we'll probably find out in the next week or so whether that resistance reforms at 9.7 or whether it stays at 10...
I think we saw a lot of resistance breaking 9. But didn't the convictionless highs push thru 9 like it did not exist, topping out at 9.5-9.7?
Looking at the sell-side it seems like we will see a lot of resistance at 10, I guess we'll probably find out in the next week or so whether that resistance reforms at 9.7 or whether it stays at 10...
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Previous highs above 9 have been blips without conviction and without sell-side volume. In fact one may have been caused by the hack of the bitcoinica act on mt gox. IMHO this is the first push above 9 that has any conviction.
Yes, still they are valid for estimating resistance levels and they aren't related to anything except fat finger trades.
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Previous highs above 9 have been blips without conviction and without sell-side volume. In fact one may have been caused by the hack of the bitcoinica act on mt gox. IMHO this is the first push above 9 that has any conviction.
I haven't said that do you comprehend the non- prefix?
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
I should have made more of a point of disagreement that a candlestick or candlestick pattern is an instantaneous indicator. For instance a hammer candle doesnt indicate anything until it has a confirmation candle following it. This says to me that the candlesticks are also a lagging indicator.
But even following your reasoning... today's candle is higher than yesterdays candle, and my lagging indicators confirm this. Where is the sideways again?
I use them on a smaller timescale. (6 hours)
You see a doji after the "breakout" which suggests the market is being pushed upwards. Then an inverted hammer and currently a "minus" (alas no movement) which suggests resistance at the current levels.
I haven't said that do you comprehend the non- prefix?
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
I should have made more of a point of disagreement that a candlestick or candlestick pattern is an instantaneous indicator. For instance a hammer candle doesnt indicate anything until it has a confirmation candle following it. This says to me that the candlesticks are also a lagging indicator.
But even following your reasoning... today's candle is higher than yesterdays candle, and my lagging indicators confirm this. Where is the sideways again?
I haven't said that do you comprehend the non- prefix?
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
So if all indicators are lagging indicators, what significance did your two words, "lagging indicators" have?
Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
I have one word for each of you two:
lagging indicators.
lagging indicators.
Could you share your leading indicators with us? Thanks.
I have one word for each of you two:
lagging indicators.
lagging indicators.
This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements,Daily 10,20 and 50 SMA are all pointing up... thats a funny sideways trend...
This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements,Daily 10,20 and 50 SMA are all pointing up... thats a funny sideways trend...
This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements, 
This thing keeps on crashing upwards.
I used my time machine again ...
So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?
Sir you genius!
its not a loop
this time around, we aren't going to drop as much
there wont be a crazy long squeeze like last time ..... just alot of dumps
so the shit (dump) is really gonna fly this time....dumps all round perhaps?
Maybe... sell you bitcoins now
I used my time machine again ...
So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?
Sir you genius!
its not a loop
this time around, we aren't going to drop as much
there wont be a crazy long squeeze like last time ..... just alot of dumps
so the shit (dump) is really gonna fly this time....dumps all round perhaps?
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