Check technical aanalysis:
https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be
Topic: The BIG picture, Price Prediction Chart. - page 3. (Read 12013 times)
LOL, LOG scale enabled, paint use or Photoshop,
Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.
Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.
Yes log scale is usefull when analysing high dynamic range data (so what?)
Yes I hand drew my analysis (so what?)
The chart in your link is considering one pennant as an isolated case, nonetheless the overall trend in your link is UP.
I must remind you AGAIN, several of these pennants have already happened and the price has remained within the overall log channel.
Rest assured I know my technical analysis, and have practiced it for over 10 years, and have written bitcoin charting software using c++.
careful cbeast!
the fact that volume also goes up with log may make igorr burst a small blood vessel on his forehead.
but yes it certainly bodes very well for higher future prices.
Just go to https://www.tradingview.com and enable indicator Linear regresion, and you have this picture.
Buy Igorr, my dear chap,
you are only considering 4 months worth of data.
newsflash: bitcoin price chart goes back a little further than that.
every rise and pennant has followed a similar pattern.
furthermore: i challenge you to find any other 2 year old chart that will stay within a logarithmic channel.
Past results are not indicative of future performance
I beg to differ, a "trend" is a perfectly viable concept in technical analysis.
Technical analysis relies on analysing past results in order to take a "guess" at future performance.
I would argue that past results can be indicative of future performance. Note that I did not use a word like will or is.
Cetainly in a statistical sense past data holds some information about the future, it has to as we are talking about a continuous (albeit somewhat chaotic) signal, if you disagree with this then really ought not be posting in the "speculation" sub forum.
Check technical aanalysis:
https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be
https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be
LOL, LOG scale enabled, paint use or Photoshop,
Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.
You don't need professional tools. That's like going to a weather website to see what is outside your window. Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.
Past results are not indicative of future performance
here is results in real time !
Profesional Forex tools and chart in real time for all currencies.
https://www.tradingview.com/e/VifVKYQr/
Past results are not indicative of future performance
LOL, LOG scale enabled, paint use or Photoshop,
Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.
Just go to https://www.tradingview.com/e/VifVKYQr/# and enable indicators Linear regresion, MFI, RSI, MACD and you get real chart picture.
Just go to https://www.tradingview.com and enable indicator Linear regresion, and you have this picture.
Below is a logarithmic chart of Bitcoin price history (Bitstamp USD).
In technical analysis, the blue trapezoids are known as "falling pennants", they tend to lead to breakouts.
In overbought conditions, as has been the case in all BTC rises to date, the pennant that follows will almost always breakout to the upside.
In this chart we can see fairly periodic pennants with breakouts to the upside, the price staying within the logarithmic channel.
+1In technical analysis, the blue trapezoids are known as "falling pennants", they tend to lead to breakouts.
In overbought conditions, as has been the case in all BTC rises to date, the pennant that follows will almost always breakout to the upside.
In this chart we can see fairly periodic pennants with breakouts to the upside, the price staying within the logarithmic channel.
hope it will work out this time again
LOL, wishes
Bitstamp $442 USD, Titanik
View Screen Capture Below is a logarithmic chart of Bitcoin price history (Bitstamp USD).
In technical analysis, the blue trapezoids are known as "falling pennants", they tend to lead to breakouts.
In overbought conditions, as has been the case in all BTC rises to date, the pennant that follows will almost always breakout to the upside.
In this chart we can see fairly periodic pennants with breakouts to the upside, the price staying within the logarithmic channel.
+1In technical analysis, the blue trapezoids are known as "falling pennants", they tend to lead to breakouts.
In overbought conditions, as has been the case in all BTC rises to date, the pennant that follows will almost always breakout to the upside.
In this chart we can see fairly periodic pennants with breakouts to the upside, the price staying within the logarithmic channel.
hope it will work out this time again
down ... your mother ... pls remenber your father ..
That's an interesting chart! Looks like it's predicting a "breakout" soon - We'll probably need some good bitcoin-related news to give it the initial kick that starts the breakout, but I certainly hope your prediction is correct!
Good news tends to happen just after the newspaper writers have bought in.
That's an interesting chart! Looks like it's predicting a "breakout" soon - We'll probably need some good bitcoin-related news to give it the initial kick that starts the breakout, but I certainly hope your prediction is correct!
Why is the 2011 bubble missing on your chart?
Maybe it doesn't fit the channel...
That's the general problem with TA: Selective perception of a few trends and patterns while in reality there are myriads of possible trends and patterns.
I think my offering takes a somewhat broader time period than most.
Yeah I do not doubt that. However it is still selective. There is no assurance that it has any predictive value.
To be clear: I'm not saying the description is wrong or irrational for the time period shown. I just wouldn't use it to predict the future.
OK, fair enough.
I must say that I took all bitstamp data that is available in bitcoincharts. So if it is selective then it is not by intent.
edit:
a composite of mtgox early days and bitstamp for later days would be great.
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