Topic: Using candlesticks to determine Bitcoin direction (Read 916 times)

Looking at the hourly chart , the BTC is poised to go up, we have 2 hammers in succession, so those with BTC i advise you to hold onto them for now

You are an idiot! you pussy whipped piece of... couldn't you come up with your own name? I bet you took your wife's name in marriage so now mail comes to your house addressed to Mr. & Mrs. BitCh ick. 
Enough with the personal insults
Do you realize how much more money you and your broke ass wife (oops, last one, I promise) could have had if you would learn a little bit about some goddamn analysis? I say money because that's all it's really about in your eyes. It's ok, you can say it out loud. You'll sleep better when you get that off your chest.

Your fundamentals didn't hold your floor at 9-8-7-6-5-400... So you hold it to the ground if it would have went there.

Do you consider Bitcoin a currency? Yes?
Then it is FOREX because it's the EXchange of one currency to another.

Regardless of the class, it is still the trading of a financial instrument which has psychological effects on you and everyone else in the market. That is why TA/EW works for Bitcoin just as well as it does for ANY other asset in the world. I can attest to this since I make good trades every day based on TA/EW. You can't say it's luck because luck is a little more random than that. I'm not perfect, but I definitely have a net profit larger than holding.
You think it doesn't work because YOU can't get it to work for you. You can't decipher what the technicals are telling you so you can't analyze it. And it's ok! But don't come her spouting off about something you obviously don't understand. Those that can, trade. Those that can't (have no business here?) hold. Since you're holding and not buying, get the fuck out of speculation. You already made your speculative move. You don't belong here! There are 20 other sub-fora for you peddle your Bitcoin beliefs.


For you perhaps. Tough luck!


Yet another one who acts like they are doing a service to/for Bitcoin when in fact, is just waiting for a payday.

it`s very easy. you upload a screenshot by http://imgur.com/  or http://www.bilder-upload.eu/ or other Tools.
Save it on your PC.You got different possibilities for  Image Insertion by  searching the Image on your PC you want to diplay
use the "insert Image" button Second from the second line above.and insert the graph.
I know what candlesticks are,i just wanted to see whitch actual pattern you see for your forecast
Try which insert possibilities fit  by "preview"-option".

Don't know what your candlesticks tell you but mine can't make up their mind... the price is everywhere!

So as far as we know this, just HOLD and start thinking about it when it's at least double. Why people panic so much about the price.. We all here to invest in what we believe.

+1

You sell, bitcoin goes up
You buy, bitcoin goes down

Ergo: HODL!

Candlestick patterns were created by the Japanese as a way to trade back then . I have done and attended seminars by the man who brought candlesticks to the western world, Steven Nison and as far as Forex Trading is concerned, have made it because of them. Before i elaborate further, i would want you to understand that candlestick signals may fail, but from my experience, they work 90% of the time and from my own experience, when news affecting a currency/stock comes up, and there is candlestick suspicion already, then the move will be huge. Now back to my predictions , can you plase let me know how i can insert screenshots so that it is easier for me to explain to you , have searched but seems complicated

Repeat after me:

Bitcoin is NOT a stock.
Bitcoin is NOT forex.

Here is what will happen:

1. Bitcoin will get to $700
2. You will sell
3. Bitcoin will go to da moon ($2500-$5000)
4. You miss it because you sold at $700

Buy and HODL.

Don't say we didn't warn you.

@cazyoddmann
Elaborate those candlestick patterns which your prediction is based on,please.

People keep repeating this chant without knowing the meaning.

Past results are not a GUARANTEE for future results, but they are a strong indicator and can be used to make an educated guess. The guess can be wrong of course, but that's why it's speculation.

That is true , but in markets, if there is no news, the candles tend to follow fundamentals, so that is where my point lies. I do not encourage over reliance as well

Do not rely on it too much. Using historical data to forecast the future trend is not very accurate.

This week i am forecasting The BTC to reach 706 to the dollar before we can see any massive decline . therefore , those who buy now should wait for the 706 to sell and in case a crash happens, anywhere around 350 is a STRONG buying point. I am using candlestick patterns to try and decipher the direction, this has worked for me in forext markets, and am sure it can work with the bitcoin.