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Topic: the ultimate inflection point - page 2. (Read 3219 times)

mestar

sr. member

Activity: 407

Merit: 250

Quote from: arepo on April 20, 2013, 10:20:31 PM

the price seems to be holding its breath as every technical indicator known to man approaches 'neutral'...

something's coming. good luck bolls and bars. it's up to you to decide what happens next...

maybe i should add a poll? UP or DOWN?

Neutral in bitcoin world means down. If you take $20 million of visible bids on Mtgox, and 3600 daily coins at $120, this means enough fuel for the next 45 days if all miners decide to sell. Or 90 days if half of them sell.

GraphicImpulse

member

Activity: 66

Merit: 10

Now blood red day... not looking good friends

BTC Books

member

Activity: 84

Merit: 10

Quote from: Frozenlock on April 21, 2013, 12:10:52 AM

"this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period."

What black magic is this?!?!

It's just arepo's commentary on marriage.

Frozenlock

sr. member

Activity: 434

Merit: 250

"this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period."

What black magic is this?!?!

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: Zooey on April 20, 2013, 11:54:19 PM

[snipped chart]

trendline broken, swings the 50-50 call in favor of the bears. most likely outcomes: triangle with bearish downside breakout, or bulltrap breakout.

wtf is that supposed to be.

that is a trendline with 7 points of contact -- very robust. remember that price at this scale has a lot of noise in it...

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it's also a projection that is unfolding as i type with a $10 push down, forming a top.

Zooey

sr. member

Activity: 241

Merit: 250

Time you enjoy wasting is not wasted time.

Quote from: arepo on April 20, 2013, 11:24:34 PM

well, i feel like sharing some real analysis now. i guess i'll put it here.

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trendline broken, swings the 50-50 call in favor of the bears. most likely outcomes: triangle with bearish downside breakout, or bulltrap breakout.

wtf is that supposed to be.

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: arepo on April 20, 2013, 11:24:34 PM

trendline broken, swings the 50-50 call in favor of the bears. most likely outcomes: triangle with bearish downside breakout, or bulltrap breakout.

Could we really expect it to continue that trend through the whole weekend though?

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

well, i feel like sharing some real analysis now. i guess i'll put it here.

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trendline broken, swings the 50-50 call in favor of the bears. most likely outcomes: triangle with bearish downside breakout, or bulltrap breakout.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: wobber on April 20, 2013, 10:22:34 PM

What do you think are the chances for each ?

[puts on TA hat]

working on a model right now. the problem being this:

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Quote from: lucif on April 19, 2013, 08:40:55 AM

Very weak volume suggests bullish position to be dangerous.

There could be a bit more upside or some consolidation, but the hell dozen of resistances... sma200, upper weekly bb, middle daily bb and tons of others.

[i hope lucif doesn't mind my reposting his work, i'm a big fan]

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because of the short but strong bull run we just witnessed, if we break through these serious resistances it will signal a strong movement up, in continuation of this strong short-term trend. if we fail to break through the resistance it will be a signal to relieve the selling pressure (from the larger downtrend) that's been building up in the askwall. from my own analysis, it's nearly 50/50, with the ~~bearish~~ bullish scenario slightly more likely (approx 55-45).

based on the data in the next 24 hours, i can complete the model and i will make it available on the forums, along with mid-term projections.

edit: mistype

Kazu

full member

Activity: 168

Merit: 100

Quote from: BTC Books on April 20, 2013, 10:33:04 PM

Quote from: arepo on April 20, 2013, 10:25:06 PM

Quote from: ?? on ??

What kind of TA is this?

i'm not wearing my TA hat right now, sorry.

this is me gauging market sentiment. Wink

also, it's likely for there to be a large movement soon.

Yeah - I think the technical stuff is non-operational at the moment. And yeah, that hourly month chart is looking like: BOOM!

And there's all that cash sitting. People hate having their cash sit around...

I don't know about you, but I love having cash sit around.

BTC Books

member

Activity: 84

Merit: 10

Quote from: arepo on April 20, 2013, 10:25:06 PM

Quote from: ?? on ??

What kind of TA is this?

i'm not wearing my TA hat right now, sorry.

this is me gauging market sentiment. Wink

also, it's likely for there to be a large movement soon.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: ?? on ??

What kind of TA is this?

i'm not wearing my TA hat right now, sorry.

this is me gauging market sentiment. Wink

also, it's likely for there to be a large movement soon.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

it's quiet. toooo quiet.

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wobber

legendary

Activity: 1064

Merit: 1001

What do you think are the chances for each ?

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote

it's quiet. toooo quiet.

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EDIT: added to the OP