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Topic: Bitcoin - Broken trend line (Read 3827 times)

full member
Activity: 238
Merit: 100
January 16, 2014, 07:29:14 PM
#44
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect Cheesy

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.

Isn't this called day trading?  Lips sealed

It may also be to position trade 

Or fiat time
member
Activity: 77
Merit: 10
January 16, 2014, 07:09:03 PM
#43
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect Cheesy

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.

Isn't this called day trading?  Lips sealed

It may also be to position trade 
full member
Activity: 238
Merit: 100
January 16, 2014, 06:49:54 PM
#42
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect Cheesy

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.

Isn't this called day trading?  Lips sealed
full member
Activity: 238
Merit: 100
January 16, 2014, 04:28:38 PM
#41
enlightening yawn i agree tho
member
Activity: 77
Merit: 10
January 16, 2014, 02:30:16 PM
#40
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect Cheesy

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.

Who is stupid not to buy when price breaks a resistance and sell when the price breaks a support.
hero member
Activity: 602
Merit: 500
January 16, 2014, 12:14:18 PM
#39
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect Cheesy

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.
to put it more polite:
they are amateurs
legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 16, 2014, 11:54:53 AM
#38
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Charters are really stupid sect Cheesy

Reading them on TradingView is absolute fun. They know fuck all, claim predictions with almost absolute guarantee, then just redraw lines when things don't go their way and repeat talking bullshit, lol.
legendary
Activity: 2198
Merit: 1311
January 16, 2014, 11:49:34 AM
#37
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!

Sure they do.  Just Google around and you can fine plenty of confirmed technical analysis about bitcoin.  Having said that, confirmed bad news, especially foreign language news, especially in non-western languages, is the best means of seeing where the price will go.  Given all the recent confirmed bad news, all confirmed by good sources, and much of which is in Chinese, the predicted and proven trend is dramatically down.
member
Activity: 75
Merit: 10
January 16, 2014, 10:57:26 AM
#36
I keep seeing people draw these funky lines that look like other lines on graphs, and making corresponding "predictions", but they never come true.

Help!
hero member
Activity: 602
Merit: 500
January 16, 2014, 10:45:36 AM
#35
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/



And this trendline on weekly chart is already broken.



too much short-sighted .
It is a secondary trend within the Primary bullish trend.
The bullish Primary trend will continue.
Don`t trade against the trend !
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
January 15, 2014, 05:53:47 PM
#34
1) Proudhon so-called trolling is miles away from being slightly funny.

Being the one trolled isn't supposed to be funny, you're the subject of funny.
hero member
Activity: 518
Merit: 500
January 15, 2014, 03:54:01 PM
#33
I'd like to see all this shitty anal-isis on a logarithmic chart .....

My latest chart is logarithmic.
legendary
Activity: 1652
Merit: 1265
January 15, 2014, 03:52:06 PM
#32
I'd like to see all this shitty anal-isis on a logarithmic chart .....
member
Activity: 77
Merit: 10
January 15, 2014, 02:34:55 PM
#31
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/



And this trendline on weekly chart is already broken.





Here you see the best graphic -  http://bullandbearmarkets.blogspot.pt/2014/01/blog-post_15.html
hero member
Activity: 518
Merit: 500
January 15, 2014, 08:16:52 AM
#30
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/



And this trendline on weekly chart is already broken.

newbie
Activity: 33
Merit: 0
January 15, 2014, 02:19:43 AM
#29
This thread is sad.
1) Proudhon so-called trolling is miles away from being slightly funny.
2) Just drawing a randomly-selected linear line under random fluctuations and trying to make something prophetic out of it is neither practical nor funny either.
hero member
Activity: 518
Merit: 500
January 15, 2014, 01:13:13 AM
#28
Alternative trendline- ready to be broken?

https://www.tradingview.com/v/4MLyL12u/



possible
legendary
Activity: 2632
Merit: 1023
January 15, 2014, 01:11:03 AM
#27
Of course this is a bear market, you don't need TA to see that.  We're clearly heading for sub $100 in the short term.  Might rebound to $150 or so before continuing to $0.  As all the societal usefulness has already been extracted from bitcoin, it's all downhill from here.  Duh.

your hodling a serious amount of coin aren't you
newbie
Activity: 5
Merit: 0
January 14, 2014, 03:55:34 PM
#26
Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.

Huobi represents more than 70% of the actual volume. It does matter a lot.

http://bitcoinity.org/markets/list?currency=ALL&span=24h

And how many fee free exchanges is it competing with?

That. It's mostly high frequency trading back and forth. Moreover, with the position of China government, they will probably have to close very soon.
legendary
Activity: 1904
Merit: 1002
January 14, 2014, 03:52:47 PM
#25
Trend line at Huobi is not broken btw.

In a couple of weeks, Huobi won't matter anymore.

Huobi represents more than 70% of the actual volume. It does matter a lot.

http://bitcoinity.org/markets/list?currency=ALL&span=24h

And how many fee free exchanges is it competing with?
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