BITSTAMP:BTCUSD   Bitcoin / Dollar
549 20 2
6 stages of Bitcoins rise and fall.
RamaDeda
2 years ago
This is one of the worst analisys that I never see in my life!
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EH86 RamaDeda
2 years ago
hahahaha +1
+1 Reply
Henri RamaDeda
2 years ago
Interesting considering everyone single one of your charts posted that has finished playing out is incorrect.
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RamaDeda Henri
2 years ago
Are you sure? Press play!
Bullish future for BTC

;)
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NightWish
2 years ago
Thanks for showing proof of bullish rally ;) we've just broken out of your chart
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Henri NightWish
2 years ago
It also broke below it in May. None the less the long term downtrend from the peak is fully intact. The regression lines only offer a glimpse of further declines it should not be viewed as an almighty of exactly the course price will follow as that is plain silly it should only be viewed as a reference for the overall direction.
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MoonTrader Henri
2 years ago
So, in other words, your chart doesn't mean anything because the price breaks both above and below it?
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Henri MoonTrader
2 years ago
You're acting childish and pedantic, had you read the what I said you would easily comprehend that the linreg lines only act as a reflection of the overall trend which will happen in 6 stages not that it will follow between those line like a gospel until it reaches it's target.
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MoonTrader Henri
2 years ago
We'll see who's right. That zigzag does not look like a continuation pattern to me.
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Henri
2 years ago
snapshot
-1 Reply
Henri
2 years ago
snapshot
-1 Reply
MoonTrader
2 years ago
Also, that trendline has already been broken on Huobi.
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Maddie
2 years ago
Fail ;p + it isn't even in logscale....
+1 Reply
Henri Maddie
2 years ago
It's not necessary here and the trend is still intact.
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RamaDeda
2 years ago
Am I wrong or we are already out from the upper line that you drew?
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Henri RamaDeda
2 years ago
It's not a question of upper or lower trend lines but a question of the overall trend. Most Bitcoiners see a rebound and they start talking moon and and giving anyone who doesn't agree with 10k USD per BTC a hard time but there is money to be made on these rebounds although it is necessary to trade with your head and not delusions. The half circles are fibs that represent points of interest and the linreg lines are only there to identify the overall trend. In no way should anyone look at the linreg lines and say if the trend doesn't stay between the lines its a fail rather keep an eye more closely on the fibs inner and outer circle that are shaded.

Also remember that in May 2104 the price recovered significantly but still turned and kept the overall downtrend which is what this chart is trying to represent.
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EgorJhonny
2 years ago
Nice chart. So, place between 2 circles is zone of turbulence, It's support\resistance zone and price often tests high black border before rapid fall. If BTC price breaks 410 $ it's time to became bullish, but now I am bearish with you.
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MoonTrader
2 years ago
Handy tip: when the price crosses a trendline, that usually means the trend is changing.
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Henri MoonTrader
2 years ago
Handy tip for you: When you disagree with someone it's best to simply disagree and leave it at that, but when you come back acting like a prick for your own personal agenda all you're doing is making an ass of yourself.
-1 Reply
MoonTrader Henri
2 years ago
Whoa, buddy. It's just a tip. I'm not rubbing it in your face. Calm down.
-1 Reply
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