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Topic: Here we go - page 7. (Read 11657 times)

ElectricMucus
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Re: Here we go
May 17, 2014, 01:53:44 PM
#51
Quote from: ?? on ??
Quote from: MatTheCat on May 16, 2014, 02:05:09 PM

Barack Obama making a public announcement outlawing Bitcoin across the globe and threatening to use force (if necessary) against countries who allow Bitcoin to proliferate within thier borders, would make you feel bullish.....

...."Gee look guys! Obama just declared war on Bitcoin! We got em running scared now! 2 da Moon!!"


It would make me over the top mega uber bullish. I'm dead serious.

Somehow I hoped you would say that.
roslinpl
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Re: Here we go
May 17, 2014, 01:51:24 PM
#50
Quote from: segeln on May 17, 2014, 01:34:46 PM
Quote from: r34tr783tr78 on May 17, 2014, 12:45:39 PM
The Op's chart is a deliberate joke, to mock bulls.
Anyone took it seriously?
no,OP`s Chart at the beginning of this thread is from the Chart technical Point of view correct.
compare. http://www.godmode-trader.de/analyse/bitcoins-situation-spitzt-sich-zu-2,3730868

Yes indeed it is nothing to be laughing at.

I think a year ago people who were posting charts with predictions of $800 were mentioned to be "mad" "stupid" "joking" etc... Smiley

so... there is nothing impossible in the OP predictions.

segeln
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Re: Here we go
May 17, 2014, 01:34:46 PM
#49
Quote from: r34tr783tr78 on May 17, 2014, 12:45:39 PM
The Op's chart is a deliberate joke, to mock bulls.
Anyone took it seriously?
no,OP`s Chart at the beginning of this thread is from the Chart technical Point of view correct.
compare. http://www.godmode-trader.de/analyse/bitcoins-situation-spitzt-sich-zu-2,3730868
r34tr783tr78
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Re: Here we go
May 17, 2014, 12:45:39 PM
#48
The Op's chart is a deliberate joke, to mock bulls.
Anyone took it seriously?
dnaleor
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Re: Here we go
May 17, 2014, 10:57:56 AM
#47
Quote from: ?? on ??
If the next growth spurt takes place within this year. I'm not saying it won't, I'm just saying that it might not. The first catalyst we actually see on the horizon is the listing of a Bitcoin ETF on a major exchange. Of course unforeseen catalysts may materialize in the meantime. In the meantime the value of Bitcoin (no the price) continues to rise and rise. At some point market price will too.

I agree

I have the feeling that ebay/paypal will add bitcoin in Q3. I know it's just a "feeling", but this could mark the start of a new rally Wink
dnaleor
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Re: Here we go
May 17, 2014, 10:30:54 AM
#46
Quote from: roslinpl on May 17, 2014, 09:53:07 AM
Quote from: dnaleor on May 16, 2014, 10:31:28 PM
Chart created with bitcoinaverage data. Projected previous 2 bubbles on the recent low of 340 USD.
For what it's worth  Grin


very optimistic predictions! And I do agree with it! Smiley
It looks similar to OP charts speculation - isn't? Smiley

So we are starting a rally in a week? Smiley

Can't wait! Smiley must say.

I'm always very conservative in my predictions. So no, I don't think we will see >6000 USD this year.
But even if the next "bubble" is only 50% of what I showed here, it will still be awesome (top between 3000 and 4000 and 1500 - 2000 at the end of the year) Smiley
alani123
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Re: Here we go
May 17, 2014, 10:26:30 AM
#45
We might be starting a rally week or we're probably not.

Chart data is not the only thing that helps predict market movements! And this is why predictions like this are rarely accurate. Maybe next week we'll get a nother announcement from people's bank of china that will lead to massive amounts of coins being dumped and the price falling straight down again. Who know? The charts don't for sure.
segeln
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Re: Here we go
May 17, 2014, 10:19:29 AM
#44
Quote from: roslinpl on May 17, 2014, 09:53:07 AM
So we are starting a rally in a week? Smiley
Can't wait! Smiley must say.
no,a Rally will start in about 4 weeks, not earlier.Up to then still lateral movement around 450 $
(Regulation by Ben Lawsky NY)
roslinpl
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Re: Here we go
May 17, 2014, 09:53:07 AM
#43
Quote from: dnaleor on May 16, 2014, 10:31:28 PM
Chart created with bitcoinaverage data. Projected previous 2 bubbles on the recent low of 340 USD.
For what it's worth  Grin


very optimistic predictions! And I do agree with it! Smiley
It looks similar to OP charts speculation - isn't? Smiley

So we are starting a rally in a week? Smiley

Can't wait! Smiley must say.
dnaleor
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Re: Here we go
May 16, 2014, 10:31:28 PM
#42
Chart created with bitcoinaverage data. Projected previous 2 bubbles on the recent low of 340 USD.
For what it's worth  Grin
oda.krell
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Re: Here we go
May 16, 2014, 08:02:54 PM
#41
Quote from: T.Stuart on May 16, 2014, 03:56:52 PM
Quote from: MatTheCat on May 16, 2014, 03:07:55 PM
Quote from: oda.krell on May 16, 2014, 02:42:42 PM
The chart by Elwar relies on the data point of the flash crash in October 2013, so it can construct the "nice line" from Jan 2013, via October 2013, to now.

The beauty of that October 2013 Silk Road Flash Crash was that even with the huge amount of fear around in the Bitcoin market on that day, $85 was as low as Bitcoin went.

The Beauty about the Gox-coin 'firesale' is that it showed enough people subscribe to the exponential growth support and resistance level theory, for Goxcoin to stop falling right at the point where it met the long term exponential support trendline.

I don't think it would be wise to take the Gox data seriously during the last few days and weeks of its existence. People were no longer trading BTC - they were trading bets on Gox's survival.

You noticed that in the chart I posted, I specifically said to exclude the last period of trading, so the trendline isn't relying on the gox death throes.

Still, 3 areas of contact, so at least as good as the Bitstamp chart.
ReRunRod
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Re: Here we go
May 16, 2014, 05:18:57 PM
#40
DAYUM  Shocked
MatTheCat
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Re: Here we go
May 16, 2014, 05:11:53 PM
#39
Quote from: T.Stuart on May 16, 2014, 03:56:52 PM
I don't think it would be wise to take the Gox data seriously during the last few days and weeks of its existence. People were no longer trading BTC - they were trading bets on Gox's survival.

The Goxcoin free-fall could have stopped anywhere, but it stopped right where it did on the exponential support line that has been in place since Gox started trading. I am not saying that there is some kind of mystical force at work, but for those who 'believed' in Bitcoin (or have coded their bots to believe in BItcoin) even in the face of the greatest horrors, $85, smack bang on that support line, was where the buck stopped.

The logical price that Goxcoin should have been traded at was zero. Obvious to me and many others perhaps, although obviously not obvious to everyone. These long term supports definitely mean something, and Bitcoin is banging on the door of one right now.
knightcoin
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Re: Here we go
May 16, 2014, 05:00:24 PM
#38
and what our technical-astrology-analysis says for today ?  Grin any horoscope backtest ?
tuneman1980
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Activity: 228
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Re: Here we go
May 16, 2014, 04:58:55 PM
#37
I'm hoping that the linear regression on this website is correct and we'll be at $6,000+ in a year. Smiley

http://www.cryptocoinstats.com/priceforecaster.php
YipYip
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Re: Here we go
May 16, 2014, 04:57:22 PM
#36
Quote from: MatTheCat on May 16, 2014, 02:05:09 PM
Quote from: Elwar on May 16, 2014, 08:08:13 AM


And what happens if Bitcoin spikes down below that log support trendline that it is practically already touching?

What happens then?

What would that mean?


Quote from: JimboToronto on May 16, 2014, 12:19:34 PM
Your feeling bearish makes me feel bullish.  Tongue

Barack Obama making a public announcement outlawing Bitcoin across the globe and threatening to use force (if necessary) against countries who allow Bitcoin to proliferate within thier borders, would make you feel bullish.....

...."Gee look guys! Obama just declared war on Bitcoin! We got em running scared now! 2 da Moon!!"

Yes indeed Jimbo. The fact that you are gormless idiot is well known!

Take a happy pill ...Never ending doom and gloom.....Yawn

U must be the life of the party ...Still trying to sell you bear wares eh ?
T.Stuart
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Re: Here we go
May 16, 2014, 03:56:52 PM
#35
Quote from: MatTheCat on May 16, 2014, 03:07:55 PM
Quote from: oda.krell on May 16, 2014, 02:42:42 PM
The chart by Elwar relies on the data point of the flash crash in October 2013, so it can construct the "nice line" from Jan 2013, via October 2013, to now.

The beauty of that October 2013 Silk Road Flash Crash was that even with the huge amount of fear around in the Bitcoin market on that day, $85 was as low as Bitcoin went.

The Beauty about the Gox-coin 'firesale' is that it showed enough people subscribe to the exponential growth support and resistance level theory, for Goxcoin to stop falling right at the point where it met the long term exponential support trendline.

I don't think it would be wise to take the Gox data seriously during the last few days and weeks of its existence. People were no longer trading BTC - they were trading bets on Gox's survival.
MatTheCat
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Merit: 1000
Re: Here we go
May 16, 2014, 03:07:55 PM
#34
Quote from: oda.krell on May 16, 2014, 02:42:42 PM
The chart by Elwar relies on the data point of the flash crash in October 2013, so it can construct the "nice line" from Jan 2013, via October 2013, to now.

The beauty of that October 2013 Silk Road Flash Crash was that even with the huge amount of fear around in the Bitcoin market on that day, $85 was as low as Bitcoin went.

The Beauty about the Gox-coin 'firesale' is that it showed enough people subscribe to the exponential growth support and resistance level theory, for Goxcoin to stop falling right at the point where it met the long term exponential support trendline.
RyNinDaCleM
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Re: Here we go
May 16, 2014, 02:46:53 PM
#33
Quote from: frienemy on May 16, 2014, 09:28:29 AM
Quote from: Elwar on May 16, 2014, 08:08:13 AM
Expert analysis shows...big things coming soon...



Sorry for a rather noobish question, but does a head-and-shoulders formation by definition always be horizontal? If we shift the angle slightly and see the aApril 2013 peak as left shoulder and the December peak as head, then there could be a weaker peak as right shoulder this year, maybe going up to only 2,100. If this is true, the good thing would be that the "downside" after the head-and-shoulders wouldn't be that bad, because it's not happening on a horizontal scale. Any ideas? Bashing allowed if this question is complete nonsense! Wink

The right shoulder (either shoulder for that matter) cannot exceed the high of the head.
But to answer your question, no it doesn't have to be horizontal. The most powerful H&S is one that leans in the breaking direction.
Biodom
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Re: Here we go
May 16, 2014, 02:44:59 PM
#32
Quote from: BitChick on May 16, 2014, 02:10:13 PM
What I keep thinking when I see these charts is, "can it really be this predictable?" 

Of course, not.
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