Technical Analysis

Propulsion

The buck stops here.
Feb 26, 2014
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Dash Address
XerHCGryyfZttUc6mnuRY3FNJzU1Jm9u5L
I find the markets completely baffling. I mean, today we had a dip going down to .0163 and .0161 (momentarily on cryptsy) and I can't imagine why? Don't get me wrong, I don't mind if it goes up and down a bit, but we're 2-1/2 days out from a major implementation and it's "all quiet on the western front" Will this continue after the fork? Are people just afraid the fork will go wrong again? Who knows? LOL. It's so hard to understand what is going on, but maybe that's because I'm so gung-ho on Darkcoin, I just can't see it? LOL It seems illogical because if I had money, I'd be buying up as much as I could right now.

So anyway, I appreciate this thread because even if I can't understand it - or 'feel it', I can at least expand my mind into seeing what might happen (via both the high and low supports you're teaching me about) and not get blindsided, LOL.
I'll bet you ten dark they'll be a massive amount of volume (direction depending on the outcome) shortly after the implementation of Friday's fork. Until then, it's a waiting game.
 

overed

New Member
May 6, 2014
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As I previously mentioned, I dont trust to the graphs... Look what happaned right now ...
 

recan86

Member
Jun 8, 2014
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Im not saying everything is perfect but the lack of timely information propelled rumors that really hurt DRK today.
 

derk

New Member
Jun 4, 2014
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Interesting extension of the bullish pennant beginning to form. Sorry but cannot be bothered to screenshot it ; check out the charts yourself.
Shaping up to aim for a breakout in around 2 weeks - this shape began before the announcement of the new RC3 date, of course!
It's funny how these things work.
 

Icebucket

Active Member
Apr 11, 2014
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Im always looking for good entry points into various markets and one tool I use is the StochRSI
StochRSI is an oscillator that measures the level of RSI relative to its high-low range over a set time period. StochRSI applies the Stochastics formula to RSI values, instead of price values. This makes it an indicator of an indicator.
The levels I look at are the 20 zone for over sold signals and 80 zone for overbought.
On the chart I highlight some of the oversold signals, that have resulted in a minor to significant bull run.



I also like the 4hr 200EMA line that we are handrailing at the moment. That the 200EMA has caught up with the current price after the explosion that happened in MAY. Is a very bullish signal and I generally consider a buy at the 200EMA level coupled with a oversold signal from the StochRSI a good probability trade.
 

mattmct

Member
Mar 13, 2014
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Interesting thread, I'll have to keep an eye on this, cheers to Icebucket and others who have contributed. I've alwaysd wanted to try and day trade / trade some of my DRK. Have yet to pull the trigger.
 

derk

New Member
Jun 4, 2014
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We are coming to an important point in the long-term charts.
By the end of this week we will have a breakout.
Can anyone elucidate how this may coincide with development?