Topic: It's called a correction (waveaddict's bitcoin charting subscription thread) - page 16. (Read 92097 times)

Well, you know you can still get paid for taking a short position right now, and the way things look, you'll end up with a lot more than the swap interest.

not me, I'm waiting this one out & staying on the sidelines, finally got out of the nightmare scenario of being trapped in a large high $5s base price long position on Bitcoinica which would have been fine as my ZT price was in the $2s & I was happy to wait long term & could have kept it at 1:1 leverage np, until that was he unilaterally decided to start taxing long positions with swap charges, to me this is just Bitcoin wild west no rules rule - I'm waiting to see if his stated registration goes through because once it does I intend to claim back that swap money just removed from my account by changing without notice the conditions under which it was deposited & making my position long term untenable so that I had to close it for a big loss as I believe this sort of action is totally illegitimate in any jurisdiction

anyone else who's suffered because of this pse to let me know & we can coordinate to recuperate this blatant rip off with damages also for overall position loss if it hadn't happened once we were locked in

it's so nice atm to finally be out of that & tomorrow off for a long weekend without having to follow every price movement & the feeling of having trusted way too much money to someone who just makes the rules up to suit themselves as they go along, honestly I was amazed to get anything back out at all in that scenario - never again!

I just sent out another. Thanks

No chart attached :/

today's email has been sent 

-March 21 update (includes chart: 111)

Yeah dancing the night away here.

Soon...

Who else is dancing with the bear?

email for today has been sent 

-March 20 update (includes chart: 110)

Excellent.  I'm less confused now.  Am I correct then to assume that the above paragraph was a very short term analysis?


It's not a major problem; I was simply surprised to see it when I checked the forum when I woke up.  Just wanted to alert you to the different priority that I (and I would imagine others) have on their messaging systems.  I certainly don't object to thoughts here too.

Thanks again waveaddict (I might be seeming a little bit like your most annoying and noisy customer, but I do appreciate such good customer service).

The main technicial indicator for bitcoin trends  http://www.google.com/trends/?q=bitcoin&ctab=0&geo=all&date=2012&sort=0

the previous email still holds since that terminal 5th wave that I talked about above concludes with a big rally afterwards which over time should still get us close to the target area (I would subtract .10 though from the number I gave though) that I talked about in the email. Remember, I want you guys to sell on strength and not in weakness during a panic selling binge which we continued yesterday after the initial sell-off. But, yes I will send my thoughts in email form for now on. I am sorry about that.

Wasn't it was the same case with the recent push-ups - maybe it was a manipulation after all?  If I had a lot of money on MtGox I sure would try this game of breaking the trend lines - it seems that many people watch them and the breaks do generate a lot of movement.  It is risky - because you can always encounter a stronger investor defending the trend lines - but after some time you can more or less know your relative strength and profit on the movements that you start.

Could have done with that in an email...  I get an alert on my phone from emails; but I don't sit and monitor this forum constantly.

I am now completely confused.  How does the above fit in with your most recent email?  I have no idea where I should be now and what I should be looking out for.

I didn't put my biggest bids high enough.     No biggie.  I can wait.

IMHO, the question of whether or not we are in a corrective 2nd wave or a 4th wave right now boils down to what exactly was going through the mind of whoever sold at around 5.16. If it was a genuine sell then we are likely in a 4th. On the other hand, if that individual or group of individuals shorted to create a panic then we might be in a 2nd and the ensuing short squeeze could take us all the way back up to 5.1 or higher.

And, the more I think about it, the more I am inclined to believe that it was a short since we literally cut through every major support like butter which should not have happened unless someone, with money, really wanted to break the charts and force the market in a direction it did not want to go originally.

what do you guys think of a private subreddit group from reddit.com?  or do you guys prefer a more traditional private forum?  ive heard good things about vanilla

'premium only' email sent

current 5.3 -> 4.5 ~ 4.8 fibonacci 38%
last wave 4.95 -> 4.5 ~ 4.8 fibonacci  62%

4.8 is the corrective target for next downside move.

Drunked prediction =)

Yes, this will happen over a period of several weeks. It will not happen tonight