The Bitcoin Thread

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terencej said:
They are re-thinking this whole bitcoin thing as January was 4 months long and people now want to hold on to that cash like water in Cape town!
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Maybe tomorrow and this weekend. A lot of people around the world get paid on the last Friday of the month.
 
SaiyanZ said:
Maybe tomorrow and this weekend. A lot of people around the world get paid on the last Friday of the month.
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but then that conveniently aligns with the futures expiry .. so if and when it does make a move nobody would actually know why.

life was so much simpler before the blockchain:cry:
 
*SynergyX* said:
but then that conveniently aligns with the futures expiry .. so if and when it does make a move nobody would actually know why.

life was so much simpler before the blockchain:cry:
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I haven't been taking that into account(that was all just bonus), been expecting bounce from 9k, but that 9k just isn't happening:mad:
 
SaiyanZ said:
$11k holding for now. The buyers keep coming when it gets close.
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85f7e833950d225e4225b237c23dc57f.gif
 
Once again it broke through a wall ($11k) and couldn't penetrate deeper. I think this is a sign that we've seen the bottom for a few days at least. There's too many people waiting in the shadows that want to buy. So fewer and fewer people are going to sell because the price doesn't go into freefall anymore.
 
SaiyanZ said:
Do you have an early November/October graph? I think the prediction there will be interesting to see.
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bitcoinanalysis01112017.jpg

Notice how it doesn't get the price range right. This is to be expected as per the other graphs.
The curve shows the top out date within a few days . At this point , we knew it still had a lot of upward pressure and that it would most likely continue to rise for a week or two (as per red curve).

At this point , I remember telling a friend that he had until early december to get out at latest. Turned out I was about a week or so early.

We think the analysis from Nov still holds along with the later months and that the trend and price projections are as consistent as they can be across months. We think in the long term (+-8 months) that it will range $4000 - $7000.

However - for anyone taking this as financial advice or something to hold on to - IT ISNT ... There are reasons why this analysis works for stocks. The reasons are MUCH weaker for crypto. I have a much smaller chance of being right.
 
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if any sort of TA works with BTC, which it does seem to sometimes, a move is imminent.

problem is direction is unknown:confused:
 
*SynergyX* said:
if any sort of TA works with BTC, which it does seem to sometimes, a move is imminent.

problem is direction is unknown:confused:
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if ANOVA can't predict at the very least direction, then it is very much meaningless
 
garp said:
That is absolutely outrageous. The major exchanges I use are around 0.01-0.02%.
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It's also ridiculous because if you want to change your Ether to Cash or vice versa on LUNO you have to trade with a 1% fee and then another 0.25% fee. I know you can just be a maker but for every trade there has to essentially be a taker. The only reason they wouldn't introduce an Ether/ Cash exchange is so they can collect fees (ridiculously high fees) twice
 
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