Topic: Yet another analyst :) - page 98. (Read 269580 times)
Probably this should break to mid-30s
I'm not looking for fundamental analysis, I'm looking for technical analysis.
https://bitcointalksearch.org/topic/its-called-a-correction-waveaddicts-bitcoin-charting-subscription-thread-63880 relevant WHAT IS THIS SUBSCRIBER BOLOGNA YOU REPLY WITH?! I JUST WANT MY FREE AND ACCURATE, UP-TO-DATE LUCIF CERTIFIED TECHNICAL SHMANALYSIS
I'm not looking for fundamental analysis, I'm looking for technical analysis.
https://bitcointalksearch.org/topic/its-called-a-correction-waveaddicts-bitcoin-charting-subscription-thread-63880 relevant
I'm not looking for fundamental analysis, I'm looking for technical analysis.
Assuming TA works, it still can't predict things like changes in fundamentals.
true BUT if those who know the fundamentals use them to be on the market that affect price and TA is based on price action. 
I'm honestly not very fond of these technicals right now...
Lucif, what do you suspect in that brain of yours?
I'm hoping you're seeing the opposite lol
Lucif, what do you suspect in that brain of yours?
I'm hoping you're seeing the opposite lol
Assuming TA works, it still can't predict things like changes in fundamentals.
I'm honestly not very fond of these technicals right now...
Lucif, what do you suspect in that brain of yours?
I'm hoping you're seeing the opposite lol
Lucif, what do you suspect in that brain of yours?
I'm hoping you're seeing the opposite lol
HARD FORK!!!
I told ya
hehe THAT one was funny I told ya
HARD FORK!!!
I told ya
I told ya
Well, daily psar says "correction" is about to be finished
I think we should forget about stability for next year. rising so high will not lead price to stability.
Indeed, +/- 10 USD swing will become our routine, 2011-style massive plunge could happen on a weekly basis.
+/- 10 USD of a price in the triple digits, where it would only be a <10% change.
But 2011-style volatility will not become the norm. There would be too many losers in a market that inefficient. Losers leave, and trading volume decreases until it basically flatlines. That's what happens after penny stock pump and dumps.
In contrast, with bitcoin we are seeing the second growth cycle in an efficient market (as efficient as any market of its size). The fact that we have a second growth cycle suggests that the overall trend is sustainable, with more cycles to come.
There will be and have been too many losers, and that's exactly how free market and bitcoin make things fair not just for the early adopters. A uncountable number of weak hands have already fallen on the great trip of 32-2-45. Now that the institutional investors join the fun, from a bullish perspective things will get more obvious as they put huge pressure on bears to sell by inducing panic.
I think we should forget about stability for next year. rising so high will not lead price to stability.
Indeed, +/- 10 USD swing will become our routine, 2011-style massive plunge could happen on a weekly basis.
+/- 10 USD of a price in the triple digits, where it would only be a <10% change.
But 2011-style volatility will not become the norm. There would be too many losers in a market that inefficient. Losers leave, and trading volume decreases until it basically flatlines. That's what happens after penny stock pump and dumps.
In contrast, with bitcoin we are seeing the second growth cycle in an efficient market (as efficient as any market of its size). The fact that we have a second growth cycle suggests that the overall trend is sustainable, with more cycles to come.
I think we should forget about stability for next year. rising so high will not lead price to stability.
All we got in bitcoin world so far are wishful thinkers... In bitcoins world there is a "securing your funds from states" discourse that i think has become a mantra which creates a false veil of "fairness", "stability", "growth", and so on. This veil is just that, a veil... a bitcoin world where there is no law and no basic rules there is all but stability and security ( im not infering that states do provide stability and security though... i dont believe that is true eithe). What i mean is that when people begin to repeat stuff at infinitum it becomes a doctrine that begins to fade out critical thinking, and in bitcoin world, that mentality is fucked up.
I believe bitcoin is a great tool... but the masses are taking it to a doctrine-like state of culture that im begining to dislike.
Heuristics are a usual part of the learning process. These oversimplifications will fall away with time as people begin to understand the basics. Have patience.
I think we should forget about stability for next year. rising so high will not lead price to stability.
All we got in bitcoin world so far are wishful thinkers... In bitcoins world there is a "securing your funds from states" discourse that i think has become a mantra which creates a false veil of "fairness", "stability", "growth", and so on. This veil is just that, a veil... a bitcoin world where there is no law and no basic rules there is all but stability and security ( im not infering that states do provide stability and security though... i dont believe that is true eithe). What i mean is that when people begin to repeat stuff at infinitum it becomes a doctrine that begins to fade out critical thinking, and in bitcoin world, that mentality is fucked up.
I believe bitcoin is a great tool... but the masses are taking it to a doctrine-like state of culture that im begining to dislike.
I think we should forget about stability for next year. rising so high will not lead price to stability.
Indeed, +/- 10 USD swing will become our routine, 2011-style massive plunge could happen on a weekly basis.
I think we should forget about stability for next year. rising so high will not lead price to stability.
I think we'll get close to or maybe go over 50 and crash hard again, we'll do this for a few weeks, and then finally start going down where we will find stability at ~20$
why is $20 your magic number?
I must say WOW!
Under such overbought conditions and such panic sell, price not only holding, but stays green above bollinger on all major timescales - daily, weekly, monthly. Next week should be most volatile in history.
Under such overbought conditions and such panic sell, price not only holding, but stays green above bollinger on all major timescales - daily, weekly, monthly. Next week should be most volatile in history.
I think we'll get close to or maybe go over 50 and crash hard again, we'll do this for a few weeks, and then finally start going down where we will find stability at ~20$
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