Quote from: blumangroup on November 12, 2014, 01:15:09 AM

Quote from: ask on November 10, 2014, 03:13:09 AM

Quote from: Wary on November 09, 2014, 10:40:58 PM

Quote from: ask on November 09, 2014, 04:55:44 AM

8th green bar started today ...

For it to be 8th green in a row we should assume that red (the 5th bar) is green too.

Under this assumption (red is green) it's even better that 8th green bar, it's 800th+ Grin

Focus on word STARTED. Also 5th bar started green, later it turned to red.

I don't think technical analysis is a very good indicator as to what the price will be tomorrow (or in the future). There are too many outside influences to the price of bitcoin that are unknown to the "market" for this to reliably work

Yeah, indeed it's very difficult to predict exactly how the price will perform, although the market is based on human behaviour and you can tell sometimes when the trend is going up or down, it's obvious for most people.

If the market is performed by human beings that make decisions, the read of the market is more in the psychologial level than in the price per se.

Therefore, if in the past the price performed in one way, it can be performed again many times in the smae pattern. Just look how the altcoins pump and dump, it's the same thing over and over, the same patterns, even the same charts.