looks pretty ominous, huh?
Topic: Yet another analyst :) - page 115. (Read 269580 times)
the heavy weekly MASS INDEX just made re-entry. this usually indicates a long-term trend reversal. get your seatbelts on, kiddies!
looks pretty ominous, huh?
looks pretty ominous, huh?
Looks like we got a first resistance. 50% retracement from 32 to 2.
I didn't know they had bears on the internet o.O, the BTC Bears? 
Yeah, and weekly upper bollinger provided us a... BUBBLE
So you finally covered that short I see. 
I dont trade inside wedges, hehe. Still waiting for either bubble or wedge confirmation.Weekly candle above BB - good plus for bulls.
oh yes that's a W16 there are 2 problems in this W16:
1 end of W16 is not inside of BB
2 the W is not at a bottom like John Bollinger explains this patten on chapter XII
1 end of W16 is not inside of BB
2 the W is not at a bottom like John Bollinger explains this patten on chapter XII
So you finally covered that short I see.
Some porn for bulls to jerk on
let me grab the BB book i dont really get that W patten in there
Some porn for bulls to jerk on
However we are heavily ovebought. Move up will start bubble.
However we are heavily ovebought. Move up will start bubble.
Aaaand... This weekly candle looks sooooo bubbly
Bubble highly possible!
Bubble highly possible!
So you shorted?
Bah... Fok it. Bearish Wedge fig off the 760 low confirming on price, macd and rsi.
Price and both oscillators draw same figure
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zxzi1gADXzi2gMACDzi3gRSIzv
And ADX shows highly probable local top. I really don't know where to strongly go up from here.
And volume confirming wedge. You may call me nuts, but I think in days we will go down hard.
Price and both oscillators draw same figure
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zxzi1gADXzi2gMACDzi3gRSIzv
And ADX shows highly probable local top. I really don't know where to strongly go up from here.
And volume confirming wedge. You may call me nuts, but I think in days we will go down hard.
Thanks for the explanation, interesting... but I don't recognize exactly the same pattern and/or the same range of pullback below the blueline.
you can use a line go to SC study add a moving average simple time period 1 input data OHLC avg and you get less noise
you'd better hope so. we've already bounced off of the 68.1% retracement of the $16 peak. any lower and the reversal will be confirmed.
Two words: weekend dip.
10-day 2-hour scale
clear head-and-shoulders pattern in the Chaikin Oscillator (2nd from top), as well as a bearish crossover in the ADX, Aroon, and Aroon Osc.
Also, a midline crossover in four oscillators which I use.
in other words, down from here if only for the short term. but be prepared for some panic selling by the more short-sighted folks. the rally may well have been a bull trap after all.
clear head-and-shoulders pattern in the Chaikin Oscillator (2nd from top), as well as a bearish crossover in the ADX, Aroon, and Aroon Osc.
Also, a midline crossover in four oscillators which I use.
in other words, down from here if only for the short term. but be prepared for some panic selling by the more short-sighted folks. the rally may well have been a bull trap after all.
You probably need to do some google
That's a nice blue line 
Ya, I also like it. For those who sit in a tank, here is an explanation.
Thanks for the explanation, interesting... but I don't recognize exactly the same pattern and/or the same range of pullback below the blueline.
That's a nice blue line
Ya, I also like it. For those who sit in a tank, here is an explanation.
That's a nice blue line
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