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Topic: It's called a correction (waveaddict's bitcoin charting subscription thread) - page 4. (Read 92097 times)

full member
Activity: 140
Merit: 100
Waveaddict, what do you think the implications of a U.S. taper will have on the value of bitcoin?

Asset prices are falling, Gold, Stockmarkets are falling. Bond Yields are rising sharply.

Bullard came out and said there will be a taper. Bernanke quoted indirectly that a taper was coming.

U.S. debt is being reduced to serviceable levels. Government programs are being cut in the U.S. Defence spending down 30%. Food stamps being cut and more.

Looks like we will all be praising the central banks for reducing dollar money supply whilst bitcoin's supply keeps growing as people mine more.

It's all relative, but it looks like a good time to short bitcoin, either through lending schemes or funds like bitcoin investment trust.

Anyone up for some activist investing?
N12
donator
Activity: 1610
Merit: 1010
hero member
Activity: 532
Merit: 500
Thought I'd bump this thread again in case there is anyone interested.

Also, an important premium-only update was just released. Happy trading everyone!
hero member
Activity: 532
Merit: 500
I think its really great so a bump from me too.

Thanks! Another premium-only email was just released.
legendary
Activity: 1316
Merit: 1003
I think its really great so a bump from me too.
hero member
Activity: 532
Merit: 500
Thought I'd bump this thread up in case there is anyone interested.

Also, I just sent out a premium-only update. Happy trading everyone!
hero member
Activity: 532
Merit: 500
I recently sent out a follow-up email to former subscribers.  If a former subscriber did not receive one and is interested, let me know via email or a private message.
hero member
Activity: 532
Merit: 500
WA just a details about concepts hehe

btc on mtgox started from 0,05 USD but it went down to 0,01 USD,  in cases like that should wee assume that it has started from 0,00 USD ?

If your question is regarding Elliott Wave (EW), it doesn't really matter where bitcoin started,  because EW theory doesn't state that everything starts out trading in a wave 1 of 1 of 1 etc. The low of 0.01 would merely be seen as a major low while the beginning price would be mostly irrelevant. 
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
WA just a details about concepts hehe

btc on mtgox started from 0,05 USD but it went down to 0,01 USD,  in cases like that should wee assume that it has started from 0,00 USD ?
hero member
Activity: 532
Merit: 500
hey WA what triangle you prefer ?

Hey myself,

That's a good question. It all depends on how long the price fluctuates between 166 and 50 (~65 if you take the recent low as the next higher triangle low after 50) along with if the price surpasses the lowest high of the more pronounced smaller triangle at 115. Remember that your larger upper triangle boundary can always be raised because the next lower high can be anywhere below 166. As of right now, the jury is still out of the larger triangle because the smaller one is still valid. I would definitely be on board with the larger triangle which you've pictured if the price continues to trace out either a bullish E-wave or bearish D and E-waves within the boundaries that you've drawn.

I hope that helps,
-waveaddict
legendary
Activity: 1274
Merit: 1000
hey WA what triangle you prefer ?



There is too much white space in the yellow one.
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
hey WA what triangle you prefer ?

legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
@WA when you got some time dig up your EURUSD triangle from last year summer and post it
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
WA that triangle got solved   Grin
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
Wave,

i think you will have a lot of new subscribers now that we are on a bear market. People without hope can find some comfort on your analysis.

For my part i can say, and its not a joke or a exageration, that this service changed my life. More than just knowing about bitcoin, which change my life a lot, the teachings of WA changed the way i see the world. $35 a month is a low sum of money for the things you will learn.


A powerful statement there, siu! I could not agree more! Wink
The wealth of knowledge gained will work in any market in the world, and will continue to work for the rest of your life.

As for the Bear market, Bear markets are amongst the most difficult scenarios to predict. This service will help to guide the subs through this Bear and come out still trading and not broke. Wink
legendary
Activity: 1274
Merit: 1000
Wave,

i think you will have a lot of new subscribers now that we are on a bear market. People without hope can find some comfort on your analysis.

For my part i can say, and its not a joke or a exageration, that this service changed my life. More than just knowing about bitcoin, which change my life a lot, the teachings of WA changed the way i see the world. $35 a month is a low sum of money for the things you will learn.


hero member
Activity: 532
Merit: 500
I'd put the recent description to samson on the top and separate it with a line from the historical part so whoever is interested can check out your track record and how this thread came to be.

sounds good Smiley
N12
donator
Activity: 1610
Merit: 1010
I'd put the recent description to samson on the top and separate it with a line from the historical part so whoever is interested can check out your track record and how this thread came to be.
hero member
Activity: 532
Merit: 500
You should really update the first post. I took one look yesterday and saw all the talk about last year and I assumed this service was long dead.

Thanks, samson. I'll change it shortly.

What would you suggest? Should I keep the past lengthy description of the first post or should I make it short and sweet?
legendary
Activity: 2097
Merit: 1070
You should really update the first post. I took one look yesterday and saw all the talk about last year and I assumed this service was long dead.
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