Weekly Parabolic SAR just turned bullish

Hyena

legendary

Activity: 2114

Merit: 1015

Quote from: Amph on July 12, 2015, 03:51:26 AM

Quote from: Patel on July 11, 2015, 10:08:39 PM

What makes this one different from the one around october november that failed to lift off? /not trolling

the fact that TA isn't a 100% truth, it just aim to tell you about the possible direction and that some of these directions may have a better chance to be real than other

The most important difference is that last time it only happened on BitStamp so it was completely irrelevant. This time the parabolic SAR flipped on all exchanges.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Patel on July 11, 2015, 10:08:39 PM

Quote from: Hyena on July 11, 2015, 09:17:19 PM

5th week confirmed. Parabolic rise is becoming more and more visible. Prepare for take-off. This week could bring us close to 400$.

What makes this one different from the one around october november that failed to lift off? /not trolling

the fact that TA isn't a 100% truth, it just aim to tell you about the possible direction and that some of these directions may have a better chance to be real than other

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: jonald_fyookball on July 05, 2015, 04:11:53 PM

does this indicator repaint?

No! Once printed, it stays, but if we fall into it, the next will print a sell.

Patel

legendary

Activity: 1321

Merit: 1007

Quote from: Hyena on July 11, 2015, 09:17:19 PM

5th week confirmed. Parabolic rise is becoming more and more visible. Prepare for take-off. This week could bring us close to 400$.

What makes this one different from the one around october november that failed to lift off? /not trolling

Hyena

legendary

Activity: 2114

Merit: 1015

5th week confirmed. Parabolic rise is becoming more and more visible. Prepare for take-off. This week could bring us close to 400$.

Hyena

legendary

Activity: 2114

Merit: 1015

Quote from: jonald_fyookball on July 05, 2015, 04:11:53 PM

does this indicator repaint?

not sure what you mean by that, but you can read this and hope it answers your question.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

does this indicator repaint?

Bicmac1973

full member

Activity: 121

Merit: 100

Exactly this. Greece will be a nice demonstration for citizen of 'democratic' countries, how freedom is interpreted by their governments, when the state wants to steal their money. Better be prepared ...

Hyena

legendary

Activity: 2114

Merit: 1015

Quote from: Wilhelm on July 05, 2015, 11:37:15 AM

I think Greece is overrated.

But as long as people are betting on it to have an influence, it might influence the price, even if no greek people buy bitcoin.

It's too late for the Greeks to start buying bitcoins but their situation encourages other nations to buy as a preventative measure! In that sense, Greece is perfectly relevant in this context since they started the snowball effect. They are not overrated. Is sperm overrated in comparison to a baby being born 9 months later? Greece has a very important role in this scenario and even though Greeks themselves don't buy the coins so much they are the catalyst to the global buying frenzy.

Wilhelm

legendary

Activity: 1652

Merit: 1265

I think Greece is overrated.

But as long as people are betting on it to have an influence, it might influence the price, even if no greek people buy bitcoin.

yayayo

legendary

Activity: 1806

Merit: 1024

I'm very skeptical of chart analysis, because it is not a scientific method. However I tend to agree that we are near the end of the downtrend, because of the prolonged sideways movement with low volatility and the recent buying.

Most importantly, this interpretation is supported by the fundamentals: Increased Bitcoin adoption in all areas. Because of the Greek disaster there will also be more media reporting regarding currency problems which might push people to search for alternatives of the terminally ill fiat money system.

ya.ya.yo!

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: ssmc2 on July 05, 2015, 08:40:43 AM

And that will be just the first wave. Wink

I did a few edits to my post for correctness.

If you mean wave as in going from $120 to $1100 then there are two ways of looking at it.

1. More people know about bitcoin and will invest and thus it will go >$3000.
2. Not enough money and crazy people so second wave will be lower.

Any way I'm in here for the long run

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: Wilhelm on July 05, 2015, 08:39:10 AM

You're SAR prediction is a nice bullish sign, I myself am am hoping for another strong indicator to hit.

Looking at the 1w logarithmic charts you can see two things
- We are enroute to the bollinger band
- The bollinger band is tunneling

Usually this means something funky is about to happen, it can go both ways but a >50% chance we go M00000N!!!! if it hits the upper band.
The 1w chart bollinger band was hit on 26-08-2013 and dipped under and went above again around 14-10-2013.

We all know what happened then Cool

Let's hope we soon hit the $290-$300 and see it go sky-high again.
If the last moontime was a percentage reference then it will go to $3000 per BTC.

And that will be just the first wave. Wink

Wilhelm

legendary

Activity: 1652

Merit: 1265

You're SAR prediction is a nice bullish sign, I myself am am hoping for another strong indicator to hit.

Looking at the 1w logarithmic charts you can see two things
- We are enroute to the bollinger band
- The bollinger band is tunneling

Usually this means something funky is about to happen, it can go both ways but a >50% chance we go M00000N!!!! if it hits the upper band.
The 1w chart bollinger band was last hit around 14-10-2013 and remained on the upper band (1w chart) until mid decembter 2013.
We all know what happened then Cool

Let's hope we soon hit the $290-$300 and see it go sky-high again.
If the last moontime was a percentage reference then it will go to $3000 per BTC.

Hyena

legendary

Activity: 2114

Merit: 1015

4th week confirmation and we have been in green for 5 weeks in a row now! 5 weeks! This has not happened for 1.5 years. The bear market is now officially over. A new chapter in the bitconi's price has just begun. The price chart should soon start showing the first signs of exponential rise. Instead of 270$ prices we are probably going to witness 280$ prices this week.

Wexlike

legendary

Activity: 1473

Merit: 1086

My chart looks different. Roll Eyes

Hyena

legendary

Activity: 2114

Merit: 1015

Quote from: windjc on June 28, 2015, 08:44:33 PM

So were you saying the same thing in your mind in Nov and Dec or 2014? Because that was an epic fail of an indicator.

nov dec 2014 was a fail in a sense that it only happened on Bitstamp but not on other exchanges. This time it's different because it happened everywhere. Or did it? Post proof if you think otherwise.

edit:
The current situation is in no way a repetition of nov/dec 2014, because we are first time in green 4 weeks IN A ROW after the last bubble:

Also, I never said it's going to be 2k top, don't take those red lines literally, they're just illustrative.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Hyena on June 28, 2015, 08:26:14 AM

3rd week confirmation, also we're been in green 3 weeks in a row and I am sure this week will end up as green as well.

by the look of those wave, it appear that the next spike will touch 2k, if your vision is correct

but the lenght of the last one is contradictory , it is much more long than the previous waves...inconclusive

Patel

legendary

Activity: 1321

Merit: 1007

Quote from: Hyena on June 28, 2015, 08:26:14 AM

3rd week confirmation, also we're been in green 3 weeks in a row and I am sure this week will end up as green as well.

It's gonna be a repeat of the november december

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Hyena on June 28, 2015, 08:26:14 AM

3rd week confirmation, also we're been in green 3 weeks in a row and I am sure this week will end up as green as well.

So were you saying the same thing in your mind in Nov and Dec or 2014? Because that was an epic fail of an indicator.

Topic: Weekly Parabolic SAR just turned bullish (Read 3420 times)