Barrex
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LOL. I am not talking about predictions. I am talking about presenting ones findings. When you present graphs showing time and value is a MUST.
The Litepresence Report on Cryptocurrency
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LOL. I am not talking about predictions. I am talking about presenting ones findings. When you present graphs showing time and value is a MUST.
The people who think the price will go higher.
presence
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yes. I suspect so.
I may not buy back in on this upcoming 022 short
see if it wants flo
presence
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read up on renko
note the timescale is skewed.
At ANY point a market can choose sideways and its next to impossible to predict for exactly how long.
How long?
Until some individual breaks the consolidation.
When you look at a fractal interpolation. Don't think in terms of time.
"if it breaks upward, these are the upcoming points of resistance where shorts can be taken; the last of which is always the most reliable"
presence
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Sorry I don't understand this sentence. You wrote that like you are still in? I guess I'm getting confused with what Dianne said she did re-reading the previous page...lol
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Barrex
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HA HA HA...Srsly? This is getting really strange. I am not looking for your advice on how to interpret it or what is means or anything like that. I dont do speculative trading. Got some coins, but they are just for fun. I am visiting this thread from time to time. You put a lot of time into this thread and into your graphs and they are elementary school level (not intended to insult you). If you are just having fun it is ok, but if you discuss finances you expect material that is presented in above elementary school level. Your posts remind me of Richard Feynman...when he "invented" his own mathematical language/signs (your cups and dragons made me laugh).
My point: Your axes should at least be named.
That is all. Sorry for confusion. Dont know how to explain it any simpler.
P.s.
Crap. Now that I wrote this post it looks harsh and condescending.... was thinking about deleting it but what the hell it is internet and we are adults...
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Playing with trend lines here. Needs to bounce soon, I would think...if those lower angled lines start to break it might fail completely?
Maybe?
----------------------------------------------
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EDIT: And it bounced from that point...
Needs to break 312?
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Warrior_of_Freedom
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I find it confusing now there's so many crypto currencies. Couldn't everyone just stick with Bitcoin?!
presence
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If you attempted to send BTC during this past month you would have noticed that at times it took upwards of 4-10 hours to get confirms.
Bitcoin is really cool tech... but its kind of like the Model T Ford.
Even when Bitcoin was taking 10 Hours to move coins; the Litecoin network was still cranking out 10 confirms in 10 minutes.
Warrior_of_Freedom
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I thought that only happens if your wallet is fragmented with tons of tiny transactions.
presence
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http://www.investopedia.com/terms/c/cupandhandle.asp
http://www.tradechartpatterns.com/?p=455
Most of these recent interpolations are of 5m candles and represent resistance to be expected within 2-12 hours else invalid. They also invalidate in the event of reversal. Hope that helps.
presence
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there was recently an "attack" on the bitcoin network to prove that it could be done. The network was purposefully slowed to a crawl to prove a point that there is a technical issue with the blockchain. Essentially one user was spamming the network with tiny coin transfers.
Warrior_of_Freedom
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Wouldn't even major banks of fiat currency have their systems crash if there was a barrage of 1 cent transfers?
They could - but so many people looked around and said 'wow, if I had a chunk of bitcoins myself I could be rich!' and started alt coins.
A few actually do things a little different and stand out. Most however are just me too coins that have no real purpose. There are even services to do all the work to create your own alt coin
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