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Offline Helikopterben

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Nearing Bottom
« on: March 17, 2015, 05:43:45 PM »

The top image is a price chart of bitcoin in 2011.  The bottom image is a current price chart of bitshares.



Bitcoin experienced a 5.5 month, 94% decline in the second half of 2011.  Bitshares has so far experienced similar, although a bit longer and not quite as deep.  Bitcoin then embarked on a bull market and I believe bitshares could experience the same as it has by far the best model of any other 2.0 project out there, at least as far as market pegged assets go, which has enormous potential.  We may see another dip or two to complete the bear, but it looks like the worst is over.  We shall see.
« Last Edit: March 17, 2015, 05:49:07 PM by cass »

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Offline Helikopterben

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Re: Nearing Bottom
« Reply #3 on: March 17, 2015, 06:08:05 PM »

Offline jsidhu

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Re: Nearing Bottom
« Reply #4 on: March 17, 2015, 06:14:23 PM »
Its psychology... patterns tend to repeat themselves.. this is a good find thanks. Human greed and emotions can be repeat in the same way.. price doesn't always reflect it.. usually rhymes though.
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Offline Helikopterben

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Re: Nearing Bottom
« Reply #5 on: March 17, 2015, 07:18:07 PM »
Its psychology... patterns tend to repeat themselves.. this is a good find thanks. Human greed and emotions can be repeat in the same way.. price doesn't always reflect it.. usually rhymes though.

Exactly

Offline BldSwtTrs

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Re: Nearing Bottom
« Reply #6 on: March 17, 2015, 08:44:54 PM »
You could find the same pattern by taking the Bitcoin curve only between June and August 2011, that's what fractal means.

Consequently the inference you are making about the lenght of the bear market is incorrect and we could be very far from the bottom. I only see wishful thinking.

Offline jsidhu

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Re: Nearing Bottom
« Reply #7 on: March 17, 2015, 09:35:42 PM »
You could find the same pattern by taking the Bitcoin curve only between June and August 2011, that's what fractal means.

Consequently the inference you are making about the lenght of the bear market is incorrect and we could be very far from the bottom. I only see wishful thinking.

Patterns repeat with disregard to timeframes... I know GANN used time to pick market turns, but has nothing to do with patterns.

In the end for a trader it provides a slight edge, and that edge is the difference if followed through with a strict system... however for holders its still always 50% 50%... its really just pumping the crowd.
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Offline Markus

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Re: Nearing Bottom
« Reply #8 on: March 17, 2015, 11:56:52 PM »

Offline nomoreheroes7

Re: Nearing Bottom
« Reply #9 on: March 18, 2015, 01:35:25 PM »
Hope that bottom comes in sooner than later...things are looking downright brutal on BTC38.

Offline Ander

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Re: Nearing Bottom
« Reply #10 on: March 18, 2015, 07:58:03 PM »
It looks like a lower volume retest of the .047 low.  If this support holds we go up again.
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Offline Ander

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Re: Nearing Bottom
« Reply #11 on: March 19, 2015, 06:21:48 AM »
It held so far, even with BTC down 10% today.  Some buying coming in now on btc38 and bter. 

First good sign in a long time.  It needs to keep holding.
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Offline svk

Re: Nearing Bottom
« Reply #12 on: March 19, 2015, 08:36:45 AM »
It held so far, even with BTC down 10% today.  Some buying coming in now on btc38 and bter. 

First good sign in a long time.  It needs to keep holding.

As always, me buying BTC is an excellent indicator of an impending 10% drop, it never fails!
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Offline Ander

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Re: Nearing Bottom
« Reply #13 on: March 19, 2015, 09:32:31 PM »
Selling 3M BTS at btc38 would take us down 6%.  Buying 3M shares would take us up 20%.

The is the first time in quite a while that the bid/ask has been bullish.  There were more asks than bids for quite a while there.  More evidence that we have finally found a support level.  (Of course, it needs to continue to hold!)
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Offline nomoreheroes7

Re: Nearing Bottom
« Reply #14 on: March 20, 2015, 03:52:00 PM »
Selling 3M BTS at btc38 would take us down 6%.  Buying 3M shares would take us up 20%.

The is the first time in quite a while that the bid/ask has been bullish.  There were more asks than bids for quite a while there.  More evidence that we have finally found a support level.  (Of course, it needs to continue to hold!)

Well now buying 3 million shares would only take us up to 0.053. Not sure where all that sell pressure suddenly came from. Maybe the same guy with millions in buy orders around 0.048-0.049? Superwhale? lol

 

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