Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33444.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: Richy_T on May 08, 2013, 09:46:03 PM

It's usually drawn as a triangle. But as someone with a physics background, I see it like this:

Right. But an alteration is required to reflect markets being different from analogue wave-forms. The Y-axis can't go below zero, so the quiescent state is at some positive value. For Bitcoin, during the first oscillation it was $115.34, the 2nd it was $114.66 and the last it is $110.36 (as it changes with time).

Nightowlace

hero member

Activity: 980

Merit: 1001

Looks like if I dropped 126 coins on gox right now I could bring the price to 108 and make 1 BTC. I wonder how many times I could do that right now? 3-4? Thoughts?

Frozenlock

sr. member

Activity: 434

Merit: 250

As the old saying says:

Quote

Disregard emotions, acquire BTCs.

Richy_T

legendary

Activity: 2534

Merit: 2245

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: oroboras on May 08, 2013, 09:38:49 PM

If I sell now, you can guarantee the drop will stop. Immediately.

Buy and sell with a plan. Your emotions will f*ck you over. Royally.

Richy_T

legendary

Activity: 2534

Merit: 2245

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Nightowlace on May 08, 2013, 09:10:39 PM

Quote from: fitty on May 08, 2013, 08:26:38 PM

Quote from: Frozenlock on May 08, 2013, 08:24:25 PM

Isn't this assuming the price is going down?

I was going to put a low of $200.16. Maybe I didn't read the question right. :p

It is whatever you think the low will be. If you are reptilia you will post $300,000

Pfft. We won't ever see below 320,000 again!

Richy_T

legendary

Activity: 2534

Merit: 2245

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Frozenlock on May 08, 2013, 07:15:41 PM

More TA bullshit then, for the interested:

Quote

The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle

It's usually drawn as a triangle. But as someone with a physics background, I see it like this:

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: Frozenlock on May 08, 2013, 09:43:23 PM

Is http://bitcoin.clarkmoody.com/ bugging out for anyone else?

there is a lag

Frozenlock

sr. member

Activity: 434

Merit: 250

Is http://bitcoin.clarkmoody.com/ bugging out for anyone else?

Richy_T

legendary

Activity: 2534

Merit: 2245

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: mccorvic on May 08, 2013, 07:06:50 PM

Quote from: solex on May 08, 2013, 07:05:12 PM

You guys and gals are driving like this:

The excitement was in the past. That triangle completion will be a big "ho hum".

This is all TA bullsh*t in a nutshell.

I agree. But I just though Coinageddon!!! (Now with added exclamations) would be a bit of a larf (innit?)

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: fourkey2001 on May 08, 2013, 09:41:29 PM

Quote from: oroboras on May 08, 2013, 09:38:49 PM

If I sell now, you can guarantee the drop will stop. Immediately.

sell now. unless u want to be with a loss

what price did u buy at?

110 tested

110 broken next is 105

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: oroboras on May 08, 2013, 09:38:49 PM

If I sell now, you can guarantee the drop will stop. Immediately.

sell now. unless u want to be with a loss

what price did u buy at?

110 tested

Ultraviolet

member

Activity: 84

Merit: 10

Not a lot of bounce back when testing 110.

oroboras

full member

Activity: 238

Merit: 100

If I sell now, you can guarantee the drop will stop. Immediately.

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: oroboras on May 08, 2013, 09:32:47 PM

Going down???

to 50

oroboras

full member

Activity: 238

Merit: 100

Going down???

Nightowlace

hero member

Activity: 980

Merit: 1001

Quote from: fitty on May 08, 2013, 08:26:38 PM

Quote from: Frozenlock on May 08, 2013, 08:24:25 PM

Isn't this assuming the price is going down?

I was going to put a low of $200.16. Maybe I didn't read the question right. :p

It is whatever you think the low will be. If you are reptilia you will post $300,000

ChartBuddy

legendary

Activity: 2268

Merit: 1782

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

hlynur

hero member

Activity: 770

Merit: 501

damn watched some tv and still nothing happening...

ehr...i mean GOOD, i love it for the sake of stability

good night chartbuddy...

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: ineededausername on May 08, 2013, 08:33:26 PM

Shot from the era of stability:

Imagine we are at $11 in that picture. That's 30k BTC down to $10, which is similar support to what we currently have.

Agreed. The main difference now is that I would remortgage my house to murder a $12 ask wall

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Shot from the era of stability:

Imagine we are at $11 in that picture. That's 30k BTC down to $10, which is similar support to what we currently have.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33444. (Read 26462103 times)