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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29910. (Read 26708848 times)

hero member
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full member
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removed bid wall and placed it on the front lines

very nice
much confidence
such balls


And he just moved it up even further.
Someone wants to buy bitcoins fast.

and then someone sells 900 btc into the wall Tongue
legendary
Activity: 1904
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Trusted Bitcoiner


removed bid wall and placed it on the front lines

very nice
much confidence
such balls


and he moves it up again,

good show!
legendary
Activity: 1470
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[snip]

+1   Best analysis I've seen all day

Can anyone explain what this chart shows / predicts to us plebs?


It shows pretty much nothing. Or at least not what TERA thinks it shows. It's a weekly MACD crossover. Problem is, at that time frame the MACD is so lagging that, if you look at the actual chart, if you would have sold at the crossover of the 1w MACD back then (probably at around 100 to 110), you better had been on your toes because price never went long below 70 again, and the MACD was still in deep red territory as the price went back to 150!

tl;dr Don't rely on a single indicator, especially not if it moves at the speed of molasses
I don't use the really long indicators as buy or sell signals either. Rather, they are more like dont-buy and dont-sell indicators. I will have already used a shorter indicator to buy or sell already by the time it has happened. However, what the long indicator does tell me, is, that there is no rush to buy back in right here, right around the time that is crossed and the area that it crossed - this is a resistance level now. I should look for a lower price using a shorter indicator.

agreed, if phrased like that. we're in a consolidation phase strongly leaning towards bear market, and only a select few uberbulls don't see it like that. but then again, as long as they hold and don't sell in the end, they're golden, the primary upwards trend will continue eventually
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner


removed bid wall and placed it on the front lines

very nice
much confidence
such balls
full member
Activity: 173
Merit: 100
I'm reading tea leaves since 5years and I'm not appointed , this is really useful.

Maybe but until we find out if MtGox is going to sort it's act out and if the exchanges in China and really going to be ok and escape the authorities then TA is fairly pointless as the price will be news driven.

I'm not saying TA is useless, just not useful at the moment.
sr. member
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newbie
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Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice !

You mad?

Whatever you want to call it I make a living off of it.
donator
Activity: 756
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-Bitcoin & Ripple-

Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice !

My tea leaves predict a future which includes double bottom pics, trains photoshopped to rockets and charts edited in paint fit for any abstract art gallery.
Anything else is too uncertain Sad

Edit : Oh & hodl.... lots of hodl... like a chant to the stars & gods of bitcoin themselves !

I'm reading tea leaves since 5years and I'm not appointed , this is really useful.
full member
Activity: 173
Merit: 100

Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice !

My tea leaves predict a future which includes double bottom pics, trains photoshopped to rockets and charts edited in paint fit for any abstract art gallery.
Anything else is too uncertain Sad

Edit : Oh & hodl.... lots of hodl... like a chant to the stars & gods of bitcoin themselves !
donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-

Technical analysis is well known to be a false science .... keep reading the future in shit ...what an expert .. 5years of false science ? nice !
legendary
Activity: 1904
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Trusted Bitcoiner
hero member
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^ I dig your confidence, given how it worked out the last time
hero member
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now that all the non-believers are gone we are free to move the price to a new ATH?

yup, i think so!


Ok, so this was the final capitulation all the bears where talking about?

Glad to have it over with, not that bad. Lets go to the next ATH now  Smiley

hero member
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hero member
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Life is short, practice empathy in your life
Unlikely it is completely over, sideways/downtrend will continue for some time.
full member
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Ok, so this was the final capitulation all the bears where talking about?

Glad to have it over with, not that bad. Lets go to the next ATH now  Smiley
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
now that all the non-believers are gone we are free to move the price to a new ATH?

yup, i think so!
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