Pattern Recognition 101 | Bitcointalksearch.org

unpure

full member

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Quote from: DrG on July 27, 2014, 05:17:21 AM

I wonder if the Chinese who were throwing money at BTC and LTC last year were looking at the graphs or if they were just doing something their friend told them to do. How many people on this forum do you think are trying to get family and friends to invest without looking at graphs.

Some traders may trade on graphs but MtGox, Pirate, forks and SR don't follow fractal patterns.

Some of the Chinese are just using bitcoin to get the money out of the country.

DrG

legendary

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I wonder if the Chinese who were throwing money at BTC and LTC last year were looking at the graphs or if they were just doing something their friend told them to do. How many people on this forum do you think are trying to get family and friends to invest without looking at graphs.

Some traders may trade on graphs but MtGox, Pirate, forks and SR don't follow fractal patterns.

trader001

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Technical indicator pointing price going down.

giveBTCpls

sr. member

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Yup, I also spotted this figure, you can even draw a nice fractal out of this data. I personally expect to test the 400's with a very steady price for a while, then something will trigger the price go ape shit to stablish new ceilings, of course this something always being more and more people being aware on bitcoin.

BitcoinMillionaire

full member

Activity: 168

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Bling Bling

Quote from: Beliathon on July 22, 2014, 06:31:17 AM

Look familiar yet?

Yes, BABY! This is what's happening. I wish I could buy even more BTC... Son I could even be a Bitcoin BILLIONAIRE!

yayayo

legendary

Activity: 1806

Merit: 1024

You can always see what you want to see.

These patterns aren't that similar. If you can freely choose two timespans out of all the data, you will surely find some that are similar to some degree. That's nothing magic, because you would also find similarities in purely random data, if you are free to choose and have no restrictions on the extent of similarity.

Moreover, there is no proof that specific patterns in the past predict specific outcomes in future.

ya.ya.yo!

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: Benjig on July 23, 2014, 04:45:47 PM

So what about the pattern that says we are going down before the rally? that is saying the chart

The charts seems to tell the truth, we saw a little drop in these days (unexpected from me),
but now should be the right time to start this long awaited rally to a new all time high.

minerpumpkin

hero member

Activity: 686

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A pumpkin mines 27 hours a night

Quote from: bassclef on July 25, 2014, 04:24:46 PM

looks much better on a log scale

Everything looks beautiful and simple on a log-scale!

bassclef

hero member

Activity: 924

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looks much better on a log scale

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

lol i see very little similarity. Cheesy

EricTyle

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Cant figure out how to upload picture

http://imgur.com/MdaQ6cZ

If patterns continue, I'd say that we're looking at 4-5 mo for another rally and a gradual increase over the proceeding quarter year

Benjig

sr. member

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Merit: 250

So what about the pattern that says we are going down before the rally? that is saying the chart

alexeft

legendary

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Now that I found the video....

https://www.youtube.com/watch?v=6bOy3RNyWME

alexeft

legendary

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I like the chart but one thing troubles me. Does the self similar shape get bigger only vertically or horizontally as well?

alexeft

legendary

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Quote from: williamj2543 on July 22, 2014, 09:37:20 AM

Of course I hope for a massive spike in price, but just because a pattern on a graph happened before doesn't mean it will happen again.

All of this has happened before, and all of it will happen again...and again...and again....
MUHAHHAHAHAHAA!!!!!! Cheesy

addroup

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With all the good news of the last months I think that the value will raise soon.

ajareselde

legendary

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Satoshi is rolling in his grave. #bitcoin

So , you are telling me that i can sell now, and buy back 30-50% cheaper before the next bubble happens ?
:trlf:

DjPxH

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Merit: 100

Quote from: williamj2543 on July 22, 2014, 09:37:20 AM

Of course I hope for a massive spike in price, but just because a pattern on a graph happened before doesn't mean it will happen again.

No, but since it already happened multiple times before it may create some kind of positive-reinforcement loop and thus create a self-fulfilling prophecy. Just because people believe in the bubble suddenly actually is what makes the bubble appear. Some Star Trek timetravel shit right there, huh? Cheesy

williamj2543

hero member

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Get ready for PrimeDice Sig Campaign!

Of course I hope for a massive spike in price, but just because a pattern on a graph happened before doesn't mean it will happen again.

DjPxH

full member

Activity: 210

Merit: 100

Quote from: spazzdla on July 22, 2014, 09:32:52 AM

So you're saying we drop to $300 ish then fly up to 3kish?

Ha yeah, his chart indeed does suggest that. But like I said before, he probably got the exact timeframe of the smaller red rectangle wrong. It should end at the September recovery point of last year. At least I hope we're there now

Topic: Pattern Recognition 101 (Read 2825 times)