It's called a correction (waveaddict's bitcoin charting subscription thread) - page 18.

notme

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Quote from: pirateat40 on March 19, 2012, 06:00:16 PM

Quote from: waveaddict on March 19, 2012, 05:50:54 PM

The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.

Where do you see the price in 1 hour?

$7

OgNasty

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Leading Crypto Sports Betting & Casino Platform

This correction filled all my buy orders at $4.61. I am hoping we see $5 again before tomorrow evening.

pirateat40

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"Yes I am a pirate, 200 years too late."

Quote from: waveaddict on March 19, 2012, 05:50:54 PM

The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.

Where do you see the price in 1 hour?

M4v3R

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Quote from: waveaddict on March 19, 2012, 05:50:54 PM

The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction higher.

Actually, it hit 4.58.

Edit: And 4.53 as we speak.
Edit 2: According to Bitcoinica's Open Interest chart, 7k from that move down were forced liquidations. The rest was just panic selling, then panic buying.

waveaddict

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The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.

notme

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Activity: 1904

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Quote from: SkRRJyTC on March 19, 2012, 05:32:21 PM

How long until we are under $4 again?

If I extrapolate the past 8 hours, approximately 12 hours.

Hunterbunter

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Quote from: SkRRJyTC on March 19, 2012, 05:32:21 PM

How long until we are under $4 again?

Couple days imo, we just broke some major supports across the board.

SkRRJyTC

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How long until we are under $4 again?

Hunterbunter

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Quote from: Otoh on March 19, 2012, 05:21:22 PM

Quote from: ?? on ??

phpbb is very unsafe forum platform

ah OK, but unsafe in what way? it prob doesn't need to be totally hax proof for 2.5 BTC per month - just looking for an easy to set up forum or continuously open chat place that stored all input where WA's subscribers & himself could interact, suggestions most welcome

I setup a simple machines forum (same as this site uses) pretty easily for my game dev site. It has a subscription access bit too, although haven't used it and don't know how it works.

pent

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Quote from: ?? on ??

phpbb is very unsafe forum platform

Exposing The Scroll of Ultimate Defence.

You can cast this scroll on your server and server will get unlimited buff against major exploits in php without any performance penalties.

Sysadmin skill lvl 40 required.

in apache:

Code:

PHPIniDir /etc/httpd

In /etc/httpd/php.ini:

Code:

disable_functions="popen,exec,system,passthru,proc_open,shell_exec"

Otoh

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Quote from: ?? on ??

phpbb is very unsafe forum platform

ah OK, but unsafe in what way? it prob doesn't need to be totally hax proof for 2.5 BTC per month - just looking for an easy to set up forum or continuously open chat place that stored all input where WA's subscribers & himself could interact, suggestions most welcome

Otoh

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re chatroom I was looking at this free forum providers earlier today http://www.phpbb.com

with a view to adding it to my WA site, but it's taking me a while to work out how it all works, maybe I should ask chsados to give me a hand setting it up, also am off for a long W/E in a couple of days so not sure if can get it done by then

Otoh

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Quote from: zby on March 19, 2012, 03:01:22 PM

Quote from: pent on March 19, 2012, 01:22:19 PM

There is nothing here to investigate. Someone bought 35k BTC last week and bumped false-rally signal. Panic buyers followed. Then, he saw there is no rally and sold them back. Panic sellers followed.

We are at pre-"rally" point now.

Just a hazy feeling - but it is already a few weeks that I started to suspect that someone is looking for triangles and if one happens he buys to break the resistance and create a really. I don't know what he was doing after that, slowly selling or maybe genuinely waiting for the 'next leg up'.

like https://bitcointalksearch.org/topic/m.794135 maybe Cheesy

zby

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Quote from: pent on March 19, 2012, 01:22:19 PM

There is nothing here to investigate. Someone bought 35k BTC last week and bumped false-rally signal. Panic buyers followed. Then, he saw there is no rally and sold them back. Panic sellers followed.

We are at pre-"rally" point now.

Just a hazy feeling - but it is already a few weeks that I started to suspect that someone is looking for triangles and if one happens he buys to break the resistance and create a really. I don't know what he was doing after that, slowly selling or maybe genuinely waiting for the 'next leg up'.

pent

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looks like we have a knife which is too close to table corner

notme

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Quote from: notme on March 19, 2012, 12:03:45 PM

Quote from: Mushoz on March 19, 2012, 10:49:06 AM

Are there going to be any premium email in the near future? I'm wondering what the best ways of trading this volatility are

Thanks!

.....dampening bot engaged

2012-03-19 13:04:30 -0400 Profit: 0.010912460000000124 BTC 0.05143000000000342 USD, Base Price: 4.712961147165977, Run Time: 820.262546659

Base price is nonsense when I've got profit in both currencies.

2012-03-19 13:30:01 -0400 Profit: 0.032737379999993266 BTC 0.1542700000000039 USD, Base Price: 4.712350224728907, Run Time: 2351.405162092

Bouncy Bouncy Bouncy

waveaddict

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Quote from: ?? on ??

@OP take a look here https://bitcointalksearch.org/topic/remo-67364

I'll also check this out and get back to you guys. I have to go at the moment though Sad

. If you email me questions, I'll get back to you later on tonight

fcmatt

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agree. odd though this person sold off in such large blocks when he/she could have trickled them back
in for a greater possible profit. Just dump 100-200 every few hours. 200 x 24 hours x 7 days is more then 30K in BTC.

pent

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Merit: 500

There is nothing here to investigate. Someone bought 35k BTC last week and bumped false-rally signal. Panic buyers followed. Then, he saw there is no rally and sold them back. Panic sellers followed.

We are at pre-"rally" point now.

SkRRJyTC

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Quote from: waveaddict on March 19, 2012, 01:20:27 PM

Quote from: SkRRJyTC on March 19, 2012, 01:02:35 PM

Quote from: waveaddict on March 19, 2012, 01:00:04 PM

Quote from: ?? on ??

correction started at about 5.26 the lowest point was 4.84, 4,99 is 38,2% on this scale
i am wrong on this ??

You would actually measure the Fib move from the top which was 5.45 so 38% of that would be 5.073. If we get there and then breach 3.84 then we know that we are dealing with a wave 4 right now.

God, I wish I had a website right now with a chat section so that I could actually talk to you guys without all the public watching.

Until you get a website set up... http://www.chatzy.com/

I'll probably set something up similar to this in about a week. I have other obligations that I have to take care of for the better part of this week though, so if I were to set it up now, my time on it would be 'very' limited.

No worries, sounds good. Just giving you options

Topic: It's called a correction (waveaddict's bitcoin charting subscription thread) - page 18. (Read 92097 times)