Topic: Did anyone's technical analysis correctly call the drop from $13 to $5.75? - page 2. (Read 2446 times)
August 07, 2011, 11:15:52 PM
That chart has held up decent considering the nonstop weekly news imo
August 07, 2011, 11:13:47 PM
I did via non-technical analysis https://bitcointalksearch.org/topic/economic-equilibrium-and-roi-for-miners-34978
And we're back up to nearly 8 again
Here's more of my non-technical analysis: plateau at 4-5$ USD by the middle to end of next week.
And we're back up to nearly 8 again
Here's more of my non-technical analysis: plateau at 4-5$ USD by the middle to end of next week.
August 07, 2011, 11:05:02 PM
I've been saying to expect a "long, slow slide" since the bubble popped.
It looks like we're returning to the slide trend. There was a two week period of stability in mid-July followed by a big drop, adding up to the expected long, slow slide. All upward moves were brief, no more than a day or two. Figure on a decline of about 30% a month.
It looks like we're returning to the slide trend. There was a two week period of stability in mid-July followed by a big drop, adding up to the expected long, slow slide. All upward moves were brief, no more than a day or two. Figure on a decline of about 30% a month.
August 07, 2011, 10:18:13 PM
TA?
Also, I read many good threads that speculated that the price would float up when it hit it's natural floor. Speculation was general towards a dollar but ranged in most cases to six dollars. Nobody could estimate how many investors involved with the speculation bubble were serious about adopting bitcoin, or how many would lose faith in the BTC.
Also, I read many good threads that speculated that the price would float up when it hit it's natural floor. Speculation was general towards a dollar but ranged in most cases to six dollars. Nobody could estimate how many investors involved with the speculation bubble were serious about adopting bitcoin, or how many would lose faith in the BTC.
August 07, 2011, 10:13:02 PM
TA is not intended to predict unique, low probability events. It's intended to predict what's likely to happen based on predictable interactions. Whether that makes TA valuable or worthless is another question.
Sounds pointless to me.
August 07, 2011, 10:12:17 PM
TA is not intended to predict unique, low probability events. It's intended to predict what's likely to happen based on predictable interactions. Whether that makes TA valuable or worthless is another question.
August 07, 2011, 10:01:35 PM
Nope. No one did. TA is a sham.
There were some people who called it without any solid reasoning other than a feeling, but no one was able to make the prediction based on technical analysis. Why do we listen to these con-artists?
There were some people who called it without any solid reasoning other than a feeling, but no one was able to make the prediction based on technical analysis. Why do we listen to these con-artists?
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