I drew a nice line, not sure if anyone posted something similar yet in here. 
Your line is wrong, its already broken. Next target: $50. And soon after that: $30.Ah I see, you've completely convinced me with your compelling arguments.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33303. (Read 26498509 times)
June 04, 2013, 08:43:16 AM
Ah I see, you've completely convinced me with your compelling arguments.
June 04, 2013, 08:43:08 AM
I drew a nice line, not sure if anyone posted something similar yet in here.
http://s21.postimg.org/jzi4pmodx/support.jpg
Your line is wrong, its already broken. Next target: $50. And soon after that: $30.http://s21.postimg.org/jzi4pmodx/support.jpg
the support is still usable and if we broke it the next target will be $110-$111 and not at all 50
June 04, 2013, 08:35:18 AM
I drew a nice line, not sure if anyone posted something similar yet in here.
Your line is wrong, its already broken. Next target: $50. And soon after that: $30. June 04, 2013, 08:31:17 AM
June 04, 2013, 08:27:55 AM
I've seen trend lines drawn on log scales, this is linear scale. Which one's right? 
At this scale it doesn't really matter I think.
Not sure if i was totally clear: If Y is a log instead of linear scale, the second "dip" will be above the line, so no longer a part of it. If you mean the slope's too insignificant to make a difference, just change the time scale.
I don't know, I'm not really educated in these matters. It just makes more sense to me to look at a linear scale in these short time frames, and log scales for long term trends. I don't have anything really to back that up, I just wanted to draw a nice line with the available tools I have.
June 04, 2013, 08:18:37 AM
I've seen trend lines drawn on log scales, this is linear scale. Which one's right?
At this scale it doesn't really matter I think.
Not sure if i was totally clear: If Y is a log instead of linear scale, the second "dip" will be above the line, so no longer a part of it. If you mean the slope's too insignificant to make a difference, just change the time scale.
educated guess: depends on whether the trend is exponential or not.
June 04, 2013, 08:17:43 AM
EMAs crossing
My Inference: Downward trend could continue.
My Inference: Downward trend could continue.
June 04, 2013, 08:15:09 AM
I've seen trend lines drawn on log scales, this is linear scale. Which one's right?
At this scale it doesn't really matter I think.
Not sure if i was totally clear: If Y is a log instead of linear scale, the second "dip" will be above the line, so no longer a part of it. If you mean the slope's too insignificant to make a difference, just change the time scale.
June 04, 2013, 08:12:57 AM
What's happening is all these companies are realizing it's dangerous to do business with bitcoin exchanges or any online payment system. Technocash probably looked at the Dwolla seizure, Liberty Reserve, Perfect Money's recent actions - and was like FUCK THAT. We ain't gettin our hands dirty.
So we are seeing fewer and fewer funding and withdrawal methods. According to the logic of some, price should have tanked already, each time news like that came out and the effect hit.
Wouldn't a series of such stories potentially have a cumulative effect? What if a major bank decided to refuse MtGox transactions too?So we are seeing fewer and fewer funding and withdrawal methods. According to the logic of some, price should have tanked already, each time news like that came out and the effect hit.
Tin foil hat and cheap coin collection tin on standby...
From some comments on the MtGox facebook wall
http://www.smh.com.au/business/austrac-eyes-6b-money-laundering-case-20130529-2nbfl.html
Maybe MtGox are being proactive and don't want to associate themselves with a business linked to LR?
Technocash were not good value anyway, 4% fee. Wire transfers are a fixed fee and arrive in the same time.
June 04, 2013, 08:07:13 AM
All the former bulls who turned bears yesterday reverted back to bulls now and shout cho cho....
Expect a price drop
Expect a price drop
June 04, 2013, 08:05:20 AM
I've seen trend lines drawn on log scales, this is linear scale. Which one's right?
At this scale it doesn't really matter I think.
June 04, 2013, 08:03:25 AM
Trendlines tend to be broken on the fourth touch.
I've seen trend lines drawn on log scales, this is linear scale. Which one's right?
June 04, 2013, 08:02:29 AM
June 04, 2013, 08:01:12 AM
June 04, 2013, 08:00:41 AM
not if you brake the flag..
but here something more important imo
http://img4.hostingpics.net/pics/548902Capturedu20130604092823.png
if we broke the resistance im rly bull until then i've still some real doubts
but here something more important imo
http://img4.hostingpics.net/pics/548902Capturedu20130604092823.png
if we broke the resistance im rly bull until then i've still some real doubts
posted it this morning
June 04, 2013, 07:58:29 AM
Let me try again, I'm quite noobish at this.
Trendlines tend to be broken on the fourth touch.
June 04, 2013, 07:57:56 AM
yep i can see it now .
yea we got an important support around 117
an other thing is not closing the day under the EMA (50) timeline D1, it could be a rly rly bad signal for tomorrow
.yea we got an important support around 117
an other thing is not closing the day under the EMA (50) timeline D1, it could be a rly rly bad signal for tomorrow
June 04, 2013, 07:55:30 AM
Let me try again, I'm quite noobish at this.
June 04, 2013, 07:54:49 AM
No i can't.. dunno why 
you drew the support from may 7th to may 15th ?
you drew the support from may 7th to may 15th ?
June 04, 2013, 07:53:07 AM
I drew a nice line, not sure if anyone posted something similar yet in here.
can't see it.. am i the only one?
Can you see this?
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