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Topic: fear not, bulls! - page 2. (Read 2451 times)

newbie
Activity: 56
Merit: 0
April 16, 2013, 02:59:00 PM
#10
OKCupid announces possible adoption of BTC which causes buyers and we have the bulls who are buying, thinking they are getting value.  I spent my coins I bought yesterday at $10USD more than I paid which is more profit.  Wake me up when the bull traps are finished so, I can buy back in please.  Cheesy
full member
Activity: 143
Merit: 100
April 16, 2013, 02:55:34 PM
#9
dunno eveything seems to be negative... MACD, EMA (10/21), Slow Stoch...  (Warning I am a noob just learning, do NOT make any financial actions based on this)

Too rich of a bet for my blood with the info we have.
legendary
Activity: 840
Merit: 1000
April 16, 2013, 02:46:43 PM
#8
I've been watching that moving support all day.  Wink
sr. member
Activity: 448
Merit: 250
this statement is false
April 16, 2013, 02:40:56 PM
#7
keeping the wedge in mind...



-===-

...


the question is, very simply, whether the support will hold:



-===-

and before anything else is said, i know it is unconventional to apply these methods to such a small scale, but i do believe that price has an inherent fractal pattern and that triangles do form but are sometimes, or often, simply outweighed by noise in the candles.

hero member
Activity: 700
Merit: 500
daytrader/superhero
April 16, 2013, 02:25:45 PM
#6
I dont know, the closer veiw still looks pretty bearish to me, but I am far from an expert.

sr. member
Activity: 462
Merit: 250
Clown prophet
April 16, 2013, 02:25:10 PM
#5
I noticed in this market that useful figures should be not less 10 hours in length. Better 48-50 and more. All other provide false hints.
sr. member
Activity: 448
Merit: 250
this statement is false
April 16, 2013, 02:23:31 PM
#4
too small interval for wedge imo

it is quite small, and accuracy suffers with granularity, but these patterns are theoretically fractal in nature, and should occur on any scale of the price function, within practical limits.

--arepo
sr. member
Activity: 462
Merit: 250
Clown prophet
April 16, 2013, 02:20:19 PM
#3
too small interval for wedge imo
hero member
Activity: 602
Merit: 500
April 16, 2013, 02:19:26 PM
#2
i'm on the sidelines now. not for the weak of heart.
it will settle, somewhere and then i will look more into it.
now, it's just gambling
but, i do like the graph.
it seems like the last 24 hours had more volume than during/after the crash.
good thing or bad? + who knows how many people are buying and selling back and forth to each other
sr. member
Activity: 448
Merit: 250
this statement is false
April 16, 2013, 02:15:40 PM
#1
so it seems many bulls still have their fingers in their ears, but --

as long as you know we're just playing musical chairs, and you are comfortable with that, let's take a look at the picture:



just a small correction to the new trend. the bullish wedge formation forms as a consolidation pattern in a bull run, where the market drops slowly on low volume to find the support.

how high are we going, everyone?
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