Why the sudden $0.30 rise? - page 5.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: odolvlobo on January 10, 2013, 02:18:42 AM

Quote from: S3052 on January 10, 2013, 02:01:16 AM

the reason is clearly technically.
bitcoin prices broke out of the sideways consolidation I highlighted to my subscribers already on Dec 23. And after the last short term breakout alert, prices indeed broke out

Good job! Predicting a "breakout of a sideways consolidation" is like predicting that a road is going to turn when it stops going in the same direction. Prices always break out after a sideways consolidation because they can't do anything else.

+1 LOL....

odolvlobo

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Quote from: S3052 on January 10, 2013, 02:36:51 AM

Quote from: molecular on January 10, 2013, 02:34:45 AM

Quote from: cypherdoc on January 09, 2013, 09:22:46 PM

it was destined to happen. this is from one of my updates. i drew this triangle for my subs back on 12/28/12 and had been recommending a buy. see that green ascending arrow at the end of the triangle? price started up to the day from there which was 1/3/13:

probably same with s3052 and other "analysts". The technical picture was clear... the robo-sheep act on it.
Thanks robo-sheep!

you are right. the underlying factor behind technical analysis is psychology = herding behavior. but it works...

I'd like to hear the psychological basis for a head and shoulders pattern. Can you link any relevant studies? I didn't think so.

S3052

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Quote from: molecular on January 10, 2013, 02:34:45 AM

Quote from: cypherdoc on January 09, 2013, 09:22:46 PM

it was destined to happen. this is from one of my updates. i drew this triangle for my subs back on 12/28/12 and had been recommending a buy. see that green ascending arrow at the end of the triangle? price started up to the day from there which was 1/3/13:

probably same with s3052 and other "analysts". The technical picture was clear... the robo-sheep act on it.

Thanks robo-sheep!

you are right. the underlying factor behind technical analysis is psychology = herding behavior. but it works...

molecular

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Quote from: cypherdoc on January 09, 2013, 09:22:46 PM

it was destined to happen. this is from one of my updates. i drew this triangle for my subs back on 12/28/12 and had been recommending a buy. see that green ascending arrow at the end of the triangle? price started up to the day from there which was 1/3/13:

probably same with s3052 and other "analysts". The technical picture was clear... the robo-sheep act on it.

Thanks robo-sheep!

odolvlobo

legendary

Activity: 4298

Merit: 3209

Quote from: cypherdoc on January 09, 2013, 09:22:46 PM

it was destined to happen. this is from one of my updates. i drew this triangle for my subs back on 12/28/12 and had been recommending a buy. see that green ascending arrow at the end of the triangle? price started up to the day from there which was 1/3/13:

Total BS. You were way off. Check the history. Prices did not start rising on 1/3/13 as you claim here. They were flat for another 5 days until 1/8/13.

odolvlobo

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Quote from: S3052 on January 10, 2013, 02:01:16 AM

the reason is clearly technically.
bitcoin prices broke out of the sideways consolidation I highlighted to my subscribers already on Dec 23. And after the last short term breakout alert, prices indeed broke out

Good job! Predicting a "breakout of a sideways consolidation" is like predicting that a road is going to turn when it stops going in the same direction. Prices always break out after a sideways consolidation because they can't do anything else.

fancy_pants

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Activity: 663

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quarkchain.io

btcfpga postponed delivery on their bASIC mining chip from Jan to March 2013. Same day (yesterday?) either someone posted a hoax or the CEO rather suddenly drunk posted on his forum that he was selling the company the asian manufacturers. The latest is that the Chinese are out and some unnamed bitcoin heavyweights are in as suitors. So, epic story for the grandkids resulting in less upstream production/lower anticipated difficulty. Looks like supply and demand to me with a bit of good old fashioned sound and fury.

S3052

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the reason is clearly technically.
bitcoin prices broke out of the sideways consolidation I highlighted to my subscribers already on Dec 23. And after the last short term breakout alert, prices indeed broke out

muyuu

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Casuals finding out about bitcoin at CES, I guess.

scrybe

sr. member

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Quote from: jwzguy on January 09, 2013, 09:36:04 PM

The bitpay news hit around the same time...could be related.

AND they are at CES, could be a few folks are making a decision to get in the game.

Crypt_Current

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Shame on everything; regret nothing.

difficulty jumped up about the same time as the price increase...

FreeMoney

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Strength in numbers

Quote from: kjj on January 09, 2013, 09:34:00 PM

Meh. The price always goes up by about 30 cents on/around January 9th, 2013.

+1

Anyone who has reasons explaining why it didn't happen is wrong so it must have gone up by about that much.

01BTC10

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Maybe some wealthy Israeli jumped in: https://bitcointalksearch.org/topic/bitcoin-is-booming-in-israel-135088

jwzguy

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The bitpay news hit around the same time...could be related.

kjj

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Meh. The price always goes up by about 30 cents on/around January 9th, 2013.

cypherdoc

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it was destined to happen. this is from one of my updates. i drew this triangle for my subs back on 12/28/12 and had been recommending a buy. see that green ascending arrow at the end of the triangle? price started up to the day from there which was 1/3/13: