Tomorrow should be a promising day in stocks. Hello Cyprus... This could and should trigger nice bitcoin correction since bitcoin copying stocks sentiments.
Looks like it is the best time to cancel my orders at $36 and reposition at $2
Topic: Yet another analyst :) - page 96. (Read 269580 times)
Looks like it is the best time to cancel my orders at $36 and reposition at $2
Tomorrow should be a promising day in stocks. Hello Cyprus... This could and should trigger nice bitcoin correction since bitcoin copying stocks sentiments.
Paid bullish analytics were continously >50% wrong during price travel 32 ->2 -> 5.
It is not big surprise that bearish analysis is continously wrong during bullish trend.
It is not big surprise that bearish analysis is continously wrong during bullish trend.
It's hard to compete with the trend. If you just watch the ROC you'll be right more often than not.
But then again, all this Quantitative Finance stuff is BS in my opinion, you need a qualitative system if you want to avoid burnout.
Warning: How many of you Bears have ever been a victim of a Short Squeeze?
[/quote]
very good question, i think many bears here dont even know what you are speaking about ...
Paid bullish analytics were continously >50% wrong during price travel 32 ->2 -> 5.
It is not big surprise that bearish analysis is continously wrong during bullish trend.
It is not big surprise that bearish analysis is continously wrong during bullish trend.
my newsletter didn't start until April 2012 when we were @ 5
during the downtrend, bulls could still be right by "pausing", ie, not buying during the meat of the downturn.
but buying @ the bottom...
Warning: How many of you Bears have ever been a victim of a Short Squeeze?
Paid bullish analytics were continously >50% wrong during price travel 32 ->2 -> 5.
It is not big surprise that bearish analysis is continously wrong during bullish trend.
Some short term bad news (not yet confirmed with daily close)
It is not big surprise that bearish analysis is continously wrong during bullish trend.
Some short term bad news (not yet confirmed with daily close)
Adding to that, if you take into account the 6hour MACD, and the 12Hour MACD then it may more understandable why the Daily MACD is also going the same way as the others...
6hour Chart:
12hour Chart:
Paid bullish analytics were continously >50% wrong during price travel 32 ->2 -> 5.
It is not big surprise that bearish analysis is continously wrong during bullish trend.
Some short term bad news (not yet confirmed with daily close)
It is not big surprise that bearish analysis is continously wrong during bullish trend.
Some short term bad news (not yet confirmed with daily close)
being wrong >50% of the time is just as hard as being right >50% of the time.
even a broken clock is right twice a day...
@bowjob
yeahh. lucif is so wrong in many ways. he will never get it. pity.
being wrong >50% of the time is just as hard as being right >50% of the time.
In principle I agree, but BTC has proven to be a different market. Sideways, its a buy. Down, its a real buy, and it does not get down that often.
up is also usually a buy. especially when it has been trading sideways and breaks out of that range.
Warning!
Need to be warned if this candle will stay similar till the end of week (hanging man)
http://i.imgur.com/mxUIchk.png
http://i.imgur.com/mxUIchk.png
Looking back at spring of 2011. A time where more and more people where discovering bitcoin. Retrospectively the beginning of a big bubble.
Look similar ? See how this hanging man ended.
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=Weekly&c=1&s=2011-04-11&e=2011-05-02&Prev=&Next=&t=S&b=B&a1=SMA&m1=15&a2=SMA&m2=30&x=0&i1=Vol&i2=MACD&i3=RSI&i4=AccDist&v=0&cv=1&ps=0&l=0&p=0&
(http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyzczsg2011-04-11zeg2011-05-02ztgSzbgBza1gSMAzm1g15za2gSMAzm2g30zi1gVolzi2gMACDzi3gRSIzi4gAccDistzcv)
Look similar ? See how this hanging man ended.
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=Weekly&c=1&s=2011-04-11&e=2011-05-02&Prev=&Next=&t=S&b=B&a1=SMA&m1=15&a2=SMA&m2=30&x=0&i1=Vol&i2=MACD&i3=RSI&i4=AccDist&v=0&cv=1&ps=0&l=0&p=0&
(http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyzczsg2011-04-11zeg2011-05-02ztgSzbgBza1gSMAzm1g15za2gSMAzm2g30zi1gVolzi2gMACDzi3gRSIzi4gAccDistzcv)
lucif only said warning ... that is not a hanging man take Nison book at look at page 68 figure 3.5 3.6
also the patten is so clear that even the automatic detection software included on sierra chart dont detect this weekly candles like hanging man
The S&P just broke an important trendline; it will be interesting to see if the correlation continues. If so, I think there's a good chance that Lucif is about to be proven right.
on daily is doing this
The S&P just broke an important trendline; it will be interesting to see if the correlation continues. If so, I think there's a good chance that Lucif is about to be proven right.
Lucif, I like your strict TA. I can mix it with my own viewpoint. I don't need to blame you for looking at it so purely.
@bowjob
yeahh. lucif is so wrong in many ways. he will never get it. pity.
Lets look at the fundamentals. CoinLab deal, Bernanke printing 85 billion, general all around mass adoption. It goes against you TA.
In principle I agree, but BTC has proven to be a different market. Sideways, its a buy. Down, its a real buy, and it does not get down that often.
Looking back at spring of 2011. A time where more and more people where discovering bitcoin. Retrospectively the beginning of a big bubble.
Look similar ? See how this hanging man ended.
(http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyzczsg2011-04-11zeg2011-05-02ztgSzbgBza1gSMAzm1g15za2gSMAzm2g30zi1gVolzi2gMACDzi3gRSIzi4gAccDistzcv)
Look similar ? See how this hanging man ended.
(http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyzczsg2011-04-11zeg2011-05-02ztgSzbgBza1gSMAzm1g15za2gSMAzm2g30zi1gVolzi2gMACDzi3gRSIzi4gAccDistzcv)
I just said "warning"
Warning!
Need to be warned if this candle will stay similar till the end of week (hanging man)
You know, you've been consistently wrong in the past, but you might not be talking shit this time.
Quote
This formation does not mean that the bulls have definitively lost control, but it may be an early sign that the momentum is decreasing and the direction of the asset may be getting ready to change. The reliability of this signal is drastically improved when the price of the asset decreases the day after the signal. Hanging man formations can be more easily identified in intraday charts than daily charts and are a very popular formation used by day traders.
Read more: http://www.investopedia.com/terms/h/hangingman.asp#ixzz2Nh2z4hwv
Read more: http://www.investopedia.com/terms/h/hangingman.asp#ixzz2Nh2z4hwv
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