Post
Topic
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tailor
on 27/03/2014, 17:39:46 UTC

So... we finally looking into the bigger triangle yet for support?

[...]

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.

That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning.
It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends.

But add some dinosaurs or other animals, and it's totally legit. Or showing a double bottom cup and handle with a pennant breakout works, too.  Graphs with these scribbles have been shown to be 100% accurate 110% of the time at showing future price (+/- $1000).  If you can work in a CCMF to the moon into your analysis accuracy improves 120% of the time.

All we need is some bajillions invested, probably coming from MTGOX rebuys, mixed in with Wall Street hedge funds looking to diversify into more risky investments.