BitShares Forum

Main => General Discussion => Topic started by: Ander on May 12, 2015, 06:18:56 am

Title: Nice inverse H&S formation on the chart.
Post by: Ander on May 12, 2015, 06:18:56 am
We will soon experience something called "Bitshares going up".  This will be a strange new magical experience for everyone that wasnt here back in August.


(http://s13.postimg.org/h2xiofs0n/bts.png)



Price is currently right at the neckline but it already punched through, and then after someone put up another 1M BTS at .0231 to hold it, that got bought too.
Title: Re: Nice inverse H&S formation on the chart.
Post by: nomoreheroes7 on May 12, 2015, 10:16:37 am
Good call Ander. Look at that baby soar!
Title: Re: Nice inverse H&S formation on the chart.
Post by: xeroc on May 12, 2015, 10:47:37 am
I do see a +20% on coinmarketcap just now ..
Title: Re: Nice inverse H&S formation on the chart.
Post by: betax on May 12, 2015, 11:15:05 am
Damm it just when I got my fiat => btc, good job i have been buying some last week and week before.
Title: Re: Nice inverse H&S formation on the chart.
Post by: pc on May 12, 2015, 11:23:18 am
I do see a +20% on coinmarketcap just now ..
Right now you can short bitUSD 13% below the feed... somthing's going on.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Shentist on May 12, 2015, 11:23:43 am
Every Coin who is traded in btc38 is going up at least 10% . someone is buying via btc38 and does not care which Coin it is .
Title: Re: Nice inverse H&S formation on the chart.
Post by: xeroc on May 12, 2015, 11:34:21 am
Every Coin who is traded in btc38 is going up at least 10% . someone is buying via btc38 and does not care which Coin it is .
that would explain why dogecoin is rising similarly ..
Title: Re: Nice inverse H&S formation on the chart.
Post by: betax on May 12, 2015, 12:01:13 pm
Wow something is wrong
Title: Re: Nice inverse H&S formation on the chart.
Post by: xeroc on May 12, 2015, 12:52:30 pm
Wow something is wrong
yes it is ..

btc38.com is unreachable here .. and they lead the rise .. not just for BTS (AFAIK)
Title: Re: Nice inverse H&S formation on the chart.
Post by: BunkerChainLabs-DataSecurityNode on May 12, 2015, 12:53:50 pm
Wall Street idiots trying to figure out crypto maybe? All other markets started tumbling yesterday means in part money moved.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Chuckone on May 12, 2015, 12:55:18 pm
Just hope we're not the target of a P&D as well as the other coins involved.
Title: Re: Nice inverse H&S formation on the chart.
Post by: svk on May 12, 2015, 12:56:29 pm
Just hope we're not the target of a P&D as well as the other coins involved.

Looks like we're already headed back down..
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 12, 2015, 05:27:51 pm
Its funny, I almost commented on how similar the BTS and Doge charts were, that both had been following each other pretty close.

And they both broke out together!
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 12, 2015, 05:31:48 pm
Every Coin who is traded in btc38 is going up at least 10% . someone is buying via btc38 and does not care which Coin it is .

I think that its because breakouts can be infectious.  One coin breaks out, and traders who missed it look for something with a similar chart, and buy it up, and it breaks out as well.


The volume on the rise was very strong, a great sign!
Title: Re: Nice inverse H&S formation on the chart.
Post by: Shentist on May 12, 2015, 05:37:43 pm
Every Coin who is traded in btc38 is going up at least 10% . someone is buying via btc38 and does not care which Coin it is .

I think that its because breakouts can be infectious.  One coin breaks out, and traders who missed it look for something with a similar chart, and buy it up, and it breaks out as well.


The volume on the rise was very strong, a great sign!

possible

but "only" coins traded on BTC38 hat this massiv spike today. So someone decided to put his money via BTC38 into the crypto market. So - BTS is rising again - great !
Title: Re: Nice inverse H&S formation on the chart.
Post by: jsidhu on May 12, 2015, 05:49:38 pm
it touched .0277.. needs to touch .0279 then its game on (thats the number i was watching as it passed 0.023). Validates a huge cup and handle formation.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 12, 2015, 05:57:48 pm
If china is buying again thats good for us.  Also, they chose to buy BTS, Doge, and NXT, and some minor coins, and not Ripple, Litecoin, or Stellar, which are all traded there as well.  It wasnt everything going up. 
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 12, 2015, 06:01:30 pm
it touched .0277.. needs to touch .0279 then its game on (thats the number i was watching as it passed 0.023). Validates a huge cup and handle formation.

Less than a million shares to .0279.   From .025 to .028 is like this void with no resistance or support. 
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 21, 2015, 11:07:41 pm
The dump didnt take us to new lows, and in fact we made a higher low and rallied again.  Now back to the highs and looking good, with moving average crossover buy signal coming. 

I expect the next week to be fun!
Title: Re: Nice inverse H&S formation on the chart.
Post by: jsidhu on May 22, 2015, 12:05:22 am
it touched .0277.. needs to touch .0279 then its game on (thats the number i was watching as it passed 0.023). Validates a huge cup and handle formation.

Less than a million shares to .0279.   From .025 to .028 is like this void with no resistance or support.

Touched, game on.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 22, 2015, 12:14:27 am
Just curious, why is .0279 in particular so important in your mind? 

Title: Re: Nice inverse H&S formation on the chart.
Post by: Tuck Fheman on May 22, 2015, 12:25:42 am
Just curious, why is .0279 in particular so important in your mind?

2+7=9
9+9=18
1+8=9

Not to get all technical, but it's all there Ander, you just have to be able to see it. 

9 is the number of Universal love, eternity and faith ... which in numerology signifies "the moon", which is a very strong buy signal.

I could go on, but I'd have to charge you Ander. Also, I'm currently busy managing bookings for bitshares messenger's art shows.

Livin' da BitLifeTM baby!
Title: Re: Nice inverse H&S formation on the chart.
Post by: jsidhu on May 22, 2015, 12:31:36 am
Just curious, why is .0279 in particular so important in your mind?

I just see prices that are important... just from looking at numbers for too long. They usually seem to cause reactions... its weird but it works.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 22, 2015, 12:37:20 am
I thought maybe it was a key fibonacci retracement number or something. 

In this case, getting over .0277 was of course important since that was the previous high.  Though to really break it, we need to beat it by more than .0002. :P  But I think we will soon.
Title: Re: Nice inverse H&S formation on the chart.
Post by: jsidhu on May 22, 2015, 12:43:31 am
I thought maybe it was a key fibonacci retracement number or something. 

In this case, getting over .0277 was of course important since that was the previous high.  Though to really break it, we need to beat it by more than .0002. :P  But I think we will soon.

Well it is part of that.. I have my own way of calculation retracement points.. this was an extended leg down 1.5 times the last swing... and 0.0279 invalidated the bear for that swing meaning trend change and test of the next swing high which was way higher. the number i just pulled out of my ass but the retracement was for around 0.02 which it hit and bounced. The numbers pop out when i look at them but the retracement points are following a formula... ofcourse a new low would mean simply follow the formula tot he next leg down to find out when it could possibly turn around, but at this point we are signalling a test of the next swing high.

Remember i said that number before it hit 0.0277 before and tried to make a new low but made a new high again (just now). I think it didn't quite know that it was going to change but now we just had a confirmation.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 22, 2015, 03:33:29 am
.0348!

DAYAM.  Thats faster than I expected.  I was hoping to hit .0300 today!
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 22, 2015, 03:35:18 am
Weekly MACD is on a buy now.

Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 22, 2015, 03:44:38 am
This is amazing.  Just watching someone put up another 300k sell wall, an then watching it get bought right away.
Title: Re: Nice inverse H&S formation on the chart.
Post by: jsidhu on May 22, 2015, 03:53:04 am
.0348!

DAYAM.  Thats faster than I expected.  I was hoping to hit .0300 today!
The prev swing high is way up there so yea it is expected.. almost like a short squeeze for bitusd holders
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 22, 2015, 03:54:23 am
$63000 of volume in bitCNY traded. 
Title: Re: Nice inverse H&S formation on the chart.
Post by: .yoshi on May 22, 2015, 04:08:09 am
where can i find the charts you took a screenshot of in the OP?
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 22, 2015, 04:08:36 am
http://www.sosobtc.com/kline/bts/btc38.html
Title: Re: Nice inverse H&S formation on the chart.
Post by: .yoshi on May 22, 2015, 08:23:14 am
awesome. thanks ander
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 23, 2015, 05:04:44 pm
To .04!

I dreamed about this price rise, and then I woke up and it had happened!
Title: Re: Nice inverse H&S formation on the chart.
Post by: xeroc on May 23, 2015, 05:13:40 pm
To .04!

I dreamed about this price rise, and then I woke up and it had happened!
can you go to sleep again? Right now?
:P:P
Title: Re: Nice inverse H&S formation on the chart.
Post by: Tuck Fheman on May 23, 2015, 06:24:28 pm
Apr 11th, 2015 7:28:24pm
Quote
in the coming weeks, we will see a slow massive pump on BitShares taking the price back to or near 5k sats before it’s done

 :P

for teh lulz, here's the entire post

Quote
I heard…

in the coming weeks, we will see a slow massive pump on BitShares taking the price back to or near 5k sats before it’s done. Very few in the BTS community read this blog, so you have plenty of time to get on the train and make some profits this Summer. If you choose to hodl longer, I don’t think you’ll be disappointed. BitShares is undervalued due to the PR debacle, which is so bad it almost appears to be a case of deliberate self-harm (or idiocy) at this point.

BitShares is not some shitcoin that’s going to vanish next month. It’s current PR however is managed like a shitcoin, for some reason, I don’t know why. Regardless, the code speaks for itself. I just wish their “PR team” would let the code do all of the talking, while they sip on a big ol’ cup of stfu.

Do your own research, invest only what you can afford to lose and have fun while you help decentralize teh future!
Title: Re: Nice inverse H&S formation on the chart.
Post by: Akado on May 26, 2015, 10:26:01 pm
so we temporarily at 4th again
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 26, 2015, 10:56:46 pm
so we temporarily at 4th again

I dont think its temporary. ;)

(Though I will say that it is possible that Doge might continue higher even faster than us for a bit, and keep out 4th place seat warm for a little while). 
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 27, 2015, 04:56:55 am
Doge broke out. 

BTS and DOGE have been moving very similarly to each other recently.  I think this might mean that a BTS breakout abouve the .04 CNY level might follow soon.   This could be a pretty sharp rise.
Title: Re: Nice inverse H&S formation on the chart.
Post by: donkeypong on May 27, 2015, 05:04:12 am
Who let the dogs out?
Title: Re: Nice inverse H&S formation on the chart.
Post by: Krills on May 27, 2015, 05:10:22 am
Just increase my holding at 0.039 CNY.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 27, 2015, 07:00:33 am
Here comes the buying I think.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Akado on May 27, 2015, 11:22:49 am
Now we wonly need 57m more to get to third. Shouldn't be difficult after the struggle these late months  :P
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 28, 2015, 03:10:29 am
Guess who sold some on bter and tried to send BTC to btc38 to arbitrage, because the price was a bit lower there.  And then found out that it takes forever for btc38 to confirm your BTC deposit, and not BTS just went up 10% in an hour.

Good think it was only 20k. :P
Title: Re: Nice inverse H&S formation on the chart.
Post by: mint chocolate chip on May 28, 2015, 04:58:50 am
Head, Shoulders, Knees and Toes... http://bitsharesblog.com/bitshares-market-capitalization-increases/
Title: Re: Nice inverse H&S formation on the chart.
Post by: Tuck Fheman on May 28, 2015, 05:25:21 am
never forget (https://i.imgur.com/gKnULIy.jpg)

don't look now, but teh Doge took over 4th.

Title: Re: Nice inverse H&S formation on the chart.
Post by: clayop on May 28, 2015, 06:04:46 am
never forget (https://i.imgur.com/gKnULIy.jpg)

don't look now, but teh Doge took over 4th.

Vikram edited Stans thread removing the detailed date. Maybe not 8th but obviously June.
Title: Re: Nice inverse H&S formation on the chart.
Post by: bubble789 on May 28, 2015, 06:37:50 am
never forget (https://i.imgur.com/gKnULIy.jpg)

don't look now, but teh Doge took over 4th.

Vikram edited Stans thread removing the detailed date. Maybe not 8th but obviously June.
which thread? details of the difference (modification by vikram)?
Title: Re: Nice inverse H&S formation on the chart.
Post by: Tuck Fheman on May 28, 2015, 06:57:16 am
never forget (https://i.imgur.com/gKnULIy.jpg)

don't look now, but teh Doge took over 4th.

Vikram edited Stans thread removing the detailed date. Maybe not 8th but obviously June.

this completely screws up my meme campaign.
Title: Re: Nice inverse H&S formation on the chart.
Post by: Ander on May 28, 2015, 05:24:59 pm
Vikram edited Stans thread removing the detailed date. Maybe not 8th but obviously June.

June 8, 2016. :P
Title: Re: Nice inverse H&S formation on the chart.
Post by: clayop on May 28, 2015, 06:56:01 pm
never forget (https://i.imgur.com/gKnULIy.jpg)

don't look now, but teh Doge took over 4th.

Vikram edited Stans thread removing the detailed date. Maybe not 8th but obviously June.

Here's Stan's clarification. It's June 8.

https://bitsharestalk.org/index.php/topic,9372.msg212176.html#msg212176
Title: Re: Nice inverse H&S formation on the chart.
Post by: durgaprasadzone on June 05, 2015, 06:49:53 am
Thanks for sharing info.... 8)