Down trend --- old thread - page 2. | Bitcointalksearch.org

afbitcoins

legendary

Activity: 2101

Merit: 1061

Heres a rough chart that I just made to update the down trend I've been looking at. Lines are drawn in pretty roughly, only one I'm confident with is top one. I think we'll have price decline down off $130 level, if we reach that high.

Its another 1 month log chart

Quote from: arepo on May 02, 2013, 10:53:41 PM

Quote from: fitty on May 02, 2013, 06:14:41 PM

Oh.
Mah.
Gawd.

/thread

fitty, i know this seems ridiculous to you, but this is worth man than you think. try to be more constructive Tongue

and thanks for answering my question, that was exactly it, afb. these look pretty robust and there's no doubt that the volatility is hiding a midterm downtrend.

Thanks for supportive comment arepo. Don't know why people in the speculation forum slag off technical analysis so much. If you don't like it go to another forum.

Stunna

legendary

Activity: 3192

Merit: 1279

Primedice.com, Stake.com

I'm hoping it will fall a bit more so I can scoop up some more cheap btc :-)

N12

donator

Activity: 1610

Merit: 1010

It means we go there and it acts as a resistance, pushing the price down. It just happened now, by the way.

mobodick

hero member

Activity: 840

Merit: 1000

Quote from: N12 on May 03, 2013, 08:23:23 AM

Quote from: arepo on May 02, 2013, 10:53:41 PM

there's no doubt that the volatility is hiding a midterm downtrend.

You learn quickly. Grin

OP: Should bounce off from about $100.

Bouncing up or down i understand.
But what does bouncing off mean??

N12

donator

Activity: 1610

Merit: 1010

Quote from: arepo on May 02, 2013, 10:53:41 PM

there's no doubt that the volatility is hiding a midterm downtrend.

You learn quickly. Grin

OP: Should bounce off from about $100.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: fitty on May 02, 2013, 06:14:41 PM

Quote from: afbitcoins on May 02, 2013, 06:10:53 PM

Been playing around with the fit of the lines and come up with this, which is a bit modified from the chart I posted earlier. Hopefully it shows pretty clearly why I think the slope is how it is.

Oh.
Mah.
Gawd.

/thread

fitty, i know this seems ridiculous to you, but this is worth man than you think. try to be more constructive Tongue

and thanks for answering my question, that was exactly it, afb. these look pretty robust and there's no doubt that the volatility is hiding a midterm downtrend.

johnblaze

sr. member

Activity: 252

Merit: 250

Quote from: Cluster2k on May 02, 2013, 10:35:28 AM

All graphs predicting the future are drawn with the author's bias in mind. Where the period of comparison starts and stops is purely up to the individual. I bet someone will soon post a graph showing that we're still in a massive once-in-a-lifetime bull market by simply starting the graph a little earlier.

no!?!?!?! how could you say that!

this is legitimate Technical Analysis!

rofl

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: afbitcoins on May 02, 2013, 06:10:53 PM

Been playing around with the fit of the lines and come up with this, which is a bit modified from the chart I posted earlier. Hopefully it shows pretty clearly why I think the slope is how it is.

Oh.
Mah.
Gawd.

/thread

afbitcoins

legendary

Activity: 2101

Merit: 1061

Been playing around with the fit of the lines and come up with this, which is a bit modified from the chart I posted earlier. Hopefully it shows pretty clearly why I think the slope is how it is.

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: arepo on May 02, 2013, 04:54:55 PM

what points are you using to define this channel? top line seems to have two, but bottom line only has one, unless you can argue for the significance of the top of that bull trap.

I'm not yet really sure about the positions of the lines but I think I may have nailed the slope of the trend pretty well. I first defined it in an image i shared on one of your threads in which the channel was shown shaded red, fighting an almost equal channel shaded green. It is also defined by the way it caused resistance when the price was under it as much as the behaviour since the price went inside

Odalv

legendary

Activity: 1414

Merit: 1000

lines on the chart does not matter. Real TA will asks WHY ? ... when/then solve problem "WHY" then can suggest "SOLUTION". Lines will not solve "WTF" is going.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: afbitcoins on May 02, 2013, 09:13:36 AM

This is the down trend we're in just now, looking for support at $100 give or take.

(chart taken from a bit earlier today, 1 month log chart)

what points are you using to define this channel? top line seems to have two, but bottom line only has one, unless you can argue for the significance of the top of that bull trap.

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: XXthetimeisnowXX on May 02, 2013, 12:48:57 PM

bull trap at 106. sad i want to have my coins worth 500. not going to happen.....ten years from now we will be like oh you remember nintendo 64?...er i mean btc. they were fun. those were the good days.

I've heard that comparison before, though I'm not sure who by. In 10 years time bitcoins might very well be still around a bit like how email is still around.

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: Cluster2k on May 02, 2013, 10:35:28 AM

All graphs predicting the future are drawn with the author's bias in mind. Where the period of comparison starts and stops is purely up to the individual. I bet someone will soon post a graph showing that we're still in a massive once-in-a-lifetime bull market by simply starting the graph a little earlier.

Whats your point? On my blog I often draw lines going back earlier and state my long term bullishness. I was using this line to make a specific prediction. A bounce at $100

Anyway we got a bounce a shade lower than I predicted but not much. (And I did say $100 'give or take' in my initial post)

Cool

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: XXthetimeisnowXX on May 02, 2013, 12:48:57 PM

bull trap at 106. sad i want to have my coins worth 500. not going to happen.....ten years from now we will be like oh you remember nintendo 64?...er i mean btc. they were fun. those were the good days.

I'm glad you can extrapolate the next 10 years of BTC price valuation from a single price point @ $106.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: XXthetimeisnowXX on May 02, 2013, 12:48:57 PM

bull trap at 106. sad i want to have my coins worth 500. not going to happen.....ten years from now we will be like oh you remember nintendo 64?...er i mean btc. they were fun. those were the good days.

so much for believing in this thing and remaining positive, eh?

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

bull trap at 106. sad i want to have my coins worth 500. not going to happen.....ten years from now we will be like oh you remember nintendo 64?...er i mean btc. they were fun. those were the good days.

papaminer

sr. member

Activity: 462

Merit: 250

Free World

Quote from: Crazy on May 02, 2013, 09:14:25 AM

Guess we'll know shortly.

And as I typed, the $100 wall halved. Cheesy

Godspeed

yup! going up all the way... no trolls gonna bring us down!

UltimateReaper

newbie

Activity: 56

Merit: 0

Quote from: Wuji on May 02, 2013, 11:52:54 AM

Quote from: UltimateReaper on May 02, 2013, 11:50:00 AM

Quote from: Dr.Steve on May 02, 2013, 11:47:23 AM

Market depth appears to be shifting to bullish.
(opinion: as with everything else on this forum section is worth the price you pay for it.)

Weathering the storm, waiting for the people to rally. Waiting for the right time to strike. I refuse to lose this game.

Weapons not food, not homes, not shoes
Not need, just feed the war cannibal animal
I walk tha corner to tha rubble that used to be a library
Line up to tha mind cemetary now
What we don't know keeps tha contracts alive an movin'
They don't gotta burn tha books they just remove 'em
While arms warehouses fill as quick as tha cells
Rally round tha family, pockets full of shells

Come wit it now!
Bulls on parade! Grin

Bulls on parade!
Bulls on parade!
Bulls on parade!
Bulls on parade!
Bulls on parade!

You know the rules and so do I...
A full commitment's what I'm thinking of...
You wouldn't get this from any other guy...
I just wanna tell you how I'm feeling...
Gotta make you understand...

NEVER GONNA GIVE YOU UP

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Perfect reversion to the 2013 exponential trendline at $100, with of course a little overcorrection to $95.

Topic: Down trend --- old thread - page 2. (Read 5221 times)