Is the price slowly climbing? - page 6.

blueadept

full member

Activity: 225

Merit: 101

Quote from: cypherdoc on November 03, 2011, 12:50:53 PM

to me the $2 floor makes sense even for a fledgling currency b/c:

1. almost 3 yrs old with no problems.
2. $1 to me would mean equality with the USD which i think is bunk and doesn't factor its premium.
3. the limited supply.
4. the fluidity of transfer.
5. the overall turn in the general markets oriented towards the next reflationary phase will drive ALL assets up especially Bitcoin.
   a. downturn of the USD
   b. sovereign bond selloff
   c. US Treasury selloff
   d. gold/silver stuck
   e. stock mkt reflating
6. overall bid side has inflated

Remember the fact that more and more merchant solutions and wallets are coming out, and in the next few months, the Bitcoin network will have more capability in terms of multisig transactions, escrow, etc. The fundamentals are getting better as the currency is on its way to becoming more usable by normal people. We're still early adopters at this stage of the game.

tvbcof

legendary

Activity: 4592

Merit: 1276

Ho-Lee-Shit! Look at the 20,000 ask wall at 3.20 on bitcoinity.org!

cypherdoc

legendary

Activity: 1764

Merit: 1002

all markets take time to breathe. the poster above who mentioned Bollinger Bands is correct. the narrowing indicates this resting state. a breakout move is imminent. obviously as a bull, i think it will be up as i think the primary downtrend has been broken based on not only technical factors but fundamentals as well.

we also see the second of 2 flag formations which also should break up if the primary downtrend has been broken. within these larger formations exist smaller flag formations which have broken up.

to me the $2 floor makes sense even for a fledgling currency b/c:

1. almost 3 yrs old with no problems.
2. $1 to me would mean equality with the USD which i think is bunk and doesn't factor its premium.
3. the limited supply.
4. the fluidity of transfer.
5. the overall turn in the general markets oriented towards the next reflationary phase will drive ALL assets up especially Bitcoin.
   a. downturn of the USD
   b. sovereign bond selloff
   c. US Treasury selloff
   d. gold/silver stuck
   e. stock mkt reflating
6. overall bid side has inflated

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: evoorhees on November 03, 2011, 12:23:05 PM

Nagle PLEASE short the currency!!! I really want to see you rewarded for your prescience!!!

If the price is constant, shorting makes no sense Roll Eyes

and neither does going long.

evoorhees

legendary

Activity: 1008

Merit: 1021

Democracy is the original 51% attack

Quote from: Nagle on November 03, 2011, 12:12:16 PM

What seems to be happening lately is - not much. Volume (in currency) is way down, and the price isn't changing much. That may be the shape of the endgame. It's zombie mode, the fate of many startups. They're not going anywhere, they can't pay back their investors, but they generate just enough activity to keep alive.

Nagle PLEASE short the currency!!! I really want to see you rewarded for your prescience!!!

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

Quote from: gewure on November 03, 2011, 01:39:50 AM

netrin: thank you very much for your advanced analysis. i enjoy it a lot.

nevertheless after lookin hours at the charts and various indicators i can't help myself and am now positioned BULLISH with a stop loss at 3.05
bollinger band

Glad my work has some purpose, even if you just use it for contrarian confirmation.

I've posted my rambling nonalysis yesterday https://bitcointalksearch.org/topic/m.603999 . I will be the first to admit, I have no idea what is happening in this correction. But I am confident that it is indeed a correction of the general downward trend. There may very well be a big burst up to $3.5-ish, but I only welcome that price with shorts. Only a major up trend, such as to $5 would make bullish again.

Nagle

legendary

Activity: 1204

Merit: 1000

What seems to be happening lately is - not much. Volume (in currency) is way down, and the price isn't changing much. That may be the shape of the endgame. It's zombie mode, the fate of many startups. They're not going anywhere, they can't pay back their investors, but they generate just enough activity to keep alive.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: gewure on November 03, 2011, 01:39:50 AM

netrin: thank you very much for your advanced analysis. i enjoy it a lot.

nevertheless after lookin hours at the charts and various indicators i can't help myself and am now positioned BULLISH with a stop loss at 3.05
bollinger band tells me there will be a breakout soon (within hours i wrote this) to the upper or the downer.

i hope i am right, but i need to go to sleep now, so tomorrow i will know more.
anyone who is on the edge and not sure what to do right now: i invite you to follow me. the more you buy, the better Wink

if you are right however, netrin, then i am also prepared for what will be happening..
nevertheless: my senses tell me to be BULL right now. join in, mates.

+1

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

@tvbcof:

bollinger band is a standard price analyzing tool. whenever the envelopes get close to each other, "change" in the price is suggested:

take a look at $2.8 and $3.6 where the bollinger bands gets close to each other..

http://en.wikipedia.org/wiki/Bollinger_Bands

tvbcof

legendary

Activity: 4592

Merit: 1276

Quote from: gewure on November 03, 2011, 01:39:50 AM

netrin: thank you very much for your advanced analysis. i enjoy it a lot.

nevertheless after lookin hours at the charts and various indicators i can't help myself and am now positioned BULLISH with a stop loss at 3.05
bollinger band tells me there will be a breakout soon (within hours i wrote this) to the upper or the downer.

i hope i am right, but i need to go to sleep now, so tomorrow i will know more.
anyone who is on the edge and not sure what to do right now: i invite you to follow me. the more you buy, the better Wink

if you are right however, netrin, then i am also prepared for what will be happening..
nevertheless: my senses tell me to be BULL right now. join in, mates.

I'm game (and bored) although I don't have the slightest idea what a 'bollinger band' is, and relatively little interest in finding out. Plunked on the guitar strings at Tradehill a bit to minimal effect. If nothing else, maybe it well keep one of the poor sellers trying to use that exchange from getting too demoralized.

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

netrin: thank you very much for your advanced analysis. i enjoy it a lot.

nevertheless after lookin hours at the charts and various indicators i can't help myself and am now positioned BULLISH with a stop loss at 3.05
bollinger band tells me there will be a breakout soon (within hours i wrote this) to the upper or the downer.

i hope i am right, but i need to go to sleep now, so tomorrow i will know more.
anyone who is on the edge and not sure what to do right now: i invite you to follow me. the more you buy, the better Wink

if you are right however, netrin, then i am also prepared for what will be happening..
nevertheless: my senses tell me to be BULL right now. join in, mates.

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

Quote from: netrin on October 22, 2011, 09:22:03 AM

Quote from: wobber on October 22, 2011, 09:05:25 AM

@netrin: but what if we were at C-5-II?

Today? Then my interpretation of the chart would be very wrong and I won't recommend listening to me further.

Wobber, using Elliott since 19 October, you should now be able to answer this yourself. IFF $2.05 ended the June correction II.c.5, then we are in the first wave of major (monthly/yearly) wave III. Let's call it III.i.4. Then 4 can not drop less than $3.3 and I would expect 5 to blow way up above the previous major correction 7-13 October, well into the $5's. Many hope that's true. I'm afraid the optimism is unfounded.

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

I couldn't make sense of the Wiki article and Mathematica's graphs use a linear y-axis. Me thunk it clearly nonsense until I read this regarding practical applications:

"The cepstrum can be seen as information about rate of change in the different spectrum bands. It was originally invented for characterizing the seismic echoes resulting from bitcoin trading and bomb explosions."

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: 2112 on October 28, 2011, 04:41:28 PM

Quote from: ?? on ??

Good luck making sense of frequency data in a non-linear system...

With non-linear transformations the frequency is called "quefrency" and spectrum is called "cepstrum".

http://en.wikipedia.org/wiki/Cepstrum
http://en.wikipedia.org/wiki/Homomorphic_filtering

It should really jazz-up netrin, as he likes log-scaling a lot.

…
You're not even trolling Shocked

2112

legendary

Activity: 2128

Merit: 1065

Quote from: ?? on ??

Good luck making sense of frequency data in a non-linear system...

With non-linear transformations the frequency is called "quefrency" and spectrum is called "cepstrum".

http://en.wikipedia.org/wiki/Cepstrum
http://en.wikipedia.org/wiki/Homomorphic_filtering
http://reference.wolfram.com/legacy/applications/signals/CepstralAnalysis.html

It should really jazz-up netrin, as he likes log-scaling a lot.

Edited: added a reference to Mathematica because they have cooler graphs, although in black-and-white only.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: netrin on October 28, 2011, 04:05:36 PM

You fooled too many, unless the whole thread was just playing along.

But… but… MACADAMIA N.U.T.S. investment guidelines?

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

You fooled too many, unless the whole thread was just playing along.

Chodpaba, well I think it's very interesting that, via very different methods, we're still looking at the exact same confirmation/targets. All rallies correct. I suppose the difference is what happens after $4. I expect November will see $2's again.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: netrin on October 28, 2011, 03:00:40 PM

Hey Chodpaba, BTCurious is just taking a piss on this thread. You answered another of his questions elsewhere.

I thought that should be obvious by now

All in good spirit, of course

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

Hey Chodpaba, BTCurious is just taking a piss on this thread. You answered another of his questions elsewhere. Clearly we can't both be right.

Quote from: ?? on ??

I will call $3.36 preliminary confirmation of market reversal. And $4.10 as confirmation of a market reversal.

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

If I were rock solid confident, I wouldn't be posting my charts. The blue (Hourly) scale is garbage data. I invite you to find an Elliott thread with lower noise:substance ratio.

Topic: Is the price slowly climbing? - page 6. (Read 23247 times)