What is that mysterious triangular cycle?

jojo69

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diamond-handed zealot

Quote from: Blind on January 31, 2012, 06:38:38 PM

@RaggedMonk: Can't help but notice that your duck suffers from case of bloody diarrhea. Or it's just a contrail?

Anyway, now seeing how you're making fun of me and avoiding giving an answer, I'm sure that I'm on to something and I won't get fooled. Perhaps triangle data that you try to keep so secret is a holy grail of bitcoin technical analysis. A graph of thousands truths. I'll investigate further after I take my meds.

I actually LOLed, thanks.

Some technical analysts make a lot of various "wedges" and "pennants"

Of course all anyone here cares about is the almighty sacred 10-21 exponential moving average cross...so away with you and your three pointed heresy.

RyNinDaCleM

legendary

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Legen -wait for it- dary

Google is your friend. Try searching Ascending/Descending Triangles.

Seal

donator

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Quote from: RaggedMonk on January 31, 2012, 08:42:36 PM

Quote from: Blind on January 31, 2012, 06:38:38 PM

@RaggedMonk: Can't help but notice that your duck suffers from case of bloody diarrhea. Or it's just a contrail?

Anyway, now seeing how you're making fun of me and avoiding giving an answer, I'm sure that I'm on to something and I won't get fooled. Perhaps triangle data that you try to keep so secret is a holy grail of bitcoin technical analysis. A graph of thousands truths. I'll investigate further after I take my meds.

I do not know about these mysterious triangles. I have always assumed they were just the product of bored day traders playing with graphs in MSPaint while waiting for the ticker to move.

Quote from: RaggedMonk on January 31, 2012, 05:26:54 PM

The head of the swan is re-emerging. I see this as moving from bullish to duckish.

Like yourself? Cheesy

loving it lol

Blind

full member

Activity: 235

Merit: 100

Quote from: bittenbob on January 31, 2012, 06:43:41 PM

Quote from: Blind on January 31, 2012, 06:38:38 PM

@RaggedMonk: Can't help but notice that your duck suffers from case of bloody diarrhea. Or it's just a contrail?

Anyway, now seeing how you're making fun of me and avoiding giving an answer, I'm sure that I'm on to something and I won't get fooled. Perhaps triangle data that you try to keep so secret is a holy grail of bitcoin technical analysis. A graph of thousands truths. I'll investigate further after I take my meds.

Triangles are no secret. They exist in every market but there is not always a triangle and it depends on what time scale you are looking at too. Basically you trend the lower and upper limits and if they are about to converge the direction of the triangle should tell you something about the price. There is also something about broken triangles which I don't fully understand but its only because I haven't bothered to look it up.

A little secret for you, there is no holy grail of trading indicators. Technical indicators on such a small market are irrelevant and I find sentiment among users on the forum to be most informative (Crash=Rallly Rally=Crash).

I made that MEME out of humor because they are not so mysterious. Its gotta be aliens!

Right, now I recall seeing these graphs. I am new to trading concept and my knowledge is little, was asking this question after seeing it mentioned in another post predicting $4.5 based on that indicator, so I was curious how that works. Now I know and agree it's useless in such small market.

And of course there is no HGoTI, if there was one, it would be crystal ball based. I'm trying to learn the game and and been making small trades based on my patent pending gut feeling, and I'm up ~20% over last few days, but beginner's luck I suppose Wink

chsados

hero member

Activity: 662

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triangles indeed summon aliens...
who wants to trade magic at mtgox!? Grin

RaggedMonk

sr. member

Activity: 308

Merit: 250

Quote from: Blind on January 31, 2012, 06:38:38 PM

@RaggedMonk: Can't help but notice that your duck suffers from case of bloody diarrhea. Or it's just a contrail?

Anyway, now seeing how you're making fun of me and avoiding giving an answer, I'm sure that I'm on to something and I won't get fooled. Perhaps triangle data that you try to keep so secret is a holy grail of bitcoin technical analysis. A graph of thousands truths. I'll investigate further after I take my meds.

I do not know about these mysterious triangles. I have always assumed they were just the product of bored day traders playing with graphs in MSPaint while waiting for the ticker to move.

bittenbob

hero member

Activity: 560

Merit: 500

Quote from: Blind on January 31, 2012, 06:38:38 PM

@RaggedMonk: Can't help but notice that your duck suffers from case of bloody diarrhea. Or it's just a contrail?

Anyway, now seeing how you're making fun of me and avoiding giving an answer, I'm sure that I'm on to something and I won't get fooled. Perhaps triangle data that you try to keep so secret is a holy grail of bitcoin technical analysis. A graph of thousands truths. I'll investigate further after I take my meds.

Triangles are no secret. They exist in every market but there is not always a triangle and it depends on what time scale you are looking at too. Basically you trend the lower and upper limits and if they are about to converge the direction of the triangle should tell you something about the price. There is also something about broken triangles which I don't fully understand but its only because I haven't bothered to look it up.

A little secret for you, there is no holy grail of trading indicators. Technical indicators on such a small market are irrelevant and I find sentiment among users on the forum to be most informative (Crash=Rallly Rally=Crash).

I made that MEME out of humor because they are not so mysterious. Its gotta be aliens!

Blind

full member

Activity: 235

Merit: 100

@RaggedMonk: Can't help but notice that your duck suffers from case of bloody diarrhea. Or it's just a contrail?

Anyway, now seeing how you're making fun of me and avoiding giving an answer, I'm sure that I'm on to something and I won't get fooled. Perhaps triangle data that you try to keep so secret is a holy grail of bitcoin technical analysis. A graph of thousands truths. I'll investigate further after I take my meds.

bittenbob

hero member

Activity: 560

Merit: 500

Quote from: notme on January 31, 2012, 06:06:57 PM

Quote from: bittenbob on January 31, 2012, 06:05:28 PM

Access Denied

Fixed

notme

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Quote from: bittenbob on January 31, 2012, 06:05:28 PM

Access Denied

bittenbob

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notme

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Quote from: RaggedMonk on January 31, 2012, 05:26:54 PM

The head of the swan is re-emerging. I see this as moving from bullish to duckish.

We're going to fly?

RaggedMonk

sr. member

Activity: 308

Merit: 250

The head of the swan is re-emerging. I see this as moving from bullish to duckish.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

nobody cares about voodoo triangles.

Blind

full member

Activity: 235

Merit: 100

I've seen it mentioned in few places, that cycle has not been completed yet, and when it is, price would be around $4.5 mark. Could someone shed some light on this, and provide graph for extra brownie points? Thanks!

Topic: What is that mysterious triangular cycle? (Read 2155 times)