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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28836. (Read 26634254 times)

hero member
Activity: 854
Merit: 1000
Looks like we're hodling @ 600 for now
donator
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Merit: 500
-Bitcoin & Ripple-
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
newbie
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legendary
Activity: 1470
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Everyone keeps talking about this "trend line" (im guilty of it too), but what if our trendlines are actually wrong. They are all drawn after the fact, arbitrarily, using the latest data, which may be skewed high or low if we are currently at a very high or low point. What if the price doesnt actually follow that trendline, or more importantly what if our slope of the trendline is completely wrong? The correct trendline and the correct slope would be revealed only after a major price correction (like 2011) and then we'd follow the new trendline. For example, it could be like this (in purple):





We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.

Perfectly valid observation. It's similar to the longest bear market scenario I can reasonably conjure myself, and probably also matches the EW theory motivated scenario that keeps floating around, in which the bear market lasts into 2015.

That said, I'll start worrying about it once it's clear that the following two, already rather pessimistic, triangles don't play out ultimately, i.e. a clear reversal towards the end of one of the 2 (and a half) triangles. I still consider those  more likely than the scenario above.

sr. member
Activity: 448
Merit: 250
this statement is false
It's obvious that the better posters that were here have flocked somewhere else. Hard on the eyes these days.

having just started to post in this thread again with frequency, i take personal offense to that Tongue
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Anyone able to load Bitfinex.com ?

Works for me.

Its loading now, but during the dumps it went kaput.

On another note, LTC is holding like a man!


ltc always holds, the dump always comes later.

usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare
It's becuase the LTC rally is event-based  (btcchina, huobi)

oh, I can assure you that it is more than that, I bought my first Litecoins at $0.17 look how much they made me today Smiley and I am not selling yet, $100 till the end of this year seems very possible


http://www.mmitech.info/?p=63
sr. member
Activity: 798
Merit: 250
CurioInvest [IEO Live]
It's obvious that the better posters that were here have flocked somewhere else. Hard on the eyes these days.
hero member
Activity: 728
Merit: 500
Anyone able to load Bitfinex.com ?

Works for me.

Its loading now, but during the dumps it went kaput.

On another note, LTC is holding like a man!


ltc always holds, the dump always comes later.

usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare
It's becuase the LTC rally is event-based  (btcchina, huobi)
hero member
Activity: 854
Merit: 1000
It seems dirty fiat money is today's preference....
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Ok for the noobs here, Litecoin is the original alt,

LOL @ lying to the nubs to pump litecoin...

you can quote me on that Wink


Edit: take the time and read why I think that, you don't have to agree but I think my concerns are legitimate Smiley  http://www.mmitech.info/?p=63
sr. member
Activity: 448
Merit: 250
this statement is false
Ok for the noobs here, Litecoin is the original alt,

LOL @ lying to the nubs to pump litecoin...
donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-
Ok for the noobs here, Litecoin is the original alt, it is going to succeed and BTW I've made huge profits from Litecoin, I did beat my Bitcoin profits many time, otherwise I wrote an article about why I think litecoin has a bright future http://www.mmitech.info/?p=63

Litecoin has no advantage over bitcoin, Ripple will take over everything this year.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Ok for the noobs here, Litecoin is the original alt, it is going to succeed and BTW I've made huge profits from Litecoin, I did beat my Bitcoin profits many time, otherwise I wrote an article about why I think litecoin has a bright future http://www.mmitech.info/?p=63
donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-
Anyone able to load Bitfinex.com ?

Works for me.

Its loading now, but during the dumps it went kaput.

On another note, LTC is holding like a man!


ltc always holds, the dump always comes later.

usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare


this is not gonna stay, everything at 400$/5$ soon
legendary
Activity: 924
Merit: 1001
It's gonna crash, litecoin is gonna follow in few hours

Nope. Lots of traders switching from BTC to LTC. Expect to da moon for LTC in the next weeks.

the rally was only to anticipate the opening on huobi, nothing more. lots of traders have been buying LTC, I have noticed, and they all cry 'to da moon'. that was the music before bitcoins crash at every peak.
sr. member
Activity: 546
Merit: 250
Kraken.com was down for about 15 min. in the middle of this shit storm. Glad I sold all my coin yesterday, but I'm guessing there are a few people who have been getting bit desperate   Angry
hero member
Activity: 812
Merit: 1000
Anyone able to load Bitfinex.com ?

Works for me.

Its loading now, but during the dumps it went kaput.

On another note, LTC is holding like a man!


ltc always holds, the dump always comes later.

usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare
donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-


It's gonna crash, litecoin is gonna follow in few hours

+1 although the final rally of LTC did surprise me a bit.

I expect ripple to rise dramatically this year, they progress silently but someday they'll announce great news
legendary
Activity: 924
Merit: 1001


It's gonna crash, litecoin is gonna follow in few hours

+1 although the final rally of LTC did surprise me a bit.
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