Topic: It's called a correction (waveaddict's bitcoin charting subscription thread) - page 49. (Read 92097 times)
February 23, 2012, 05:25:52 AM
if you look at the walls, you are being manipulated
February 23, 2012, 03:30:03 AM
WaveAddict, how much do you think manipulative moves like throwing up huge ask walls like what happened this night affect technical analysis?
I wondered the same thing too. I'm getting the feeling that it's meaningless, though.
There's nothing more dangerous on a speculative market than having a strategy and not sticking to it. Unless you have an infinitely awesome memory, chances are you will lose whatever good it could have given you, including the "testing for correctness" part. Every time you don't follow your own rules, you have less of an idea of whether your strategy is any good, and so can't really come up with a better one.
If your gut instinct is always right, then this is a moot point anyway...and since you're asking this question, I'm guessing yours, like the rest of us, is often wrong. If technical analysis makes you 1% more correct than gut instinct, it's an improvement on the situation imo, but it's only worth anything if you stick to it and measure it's success over a definite period of time.
February 22, 2012, 02:27:33 PM
Today's email has been sent 
, and you are very welcome for all those updates last night
I wouldn't worry too much about this 'supposed' manipulator that I keep hearing about. Keep to the charts and you'll be OK
, and you are very welcome for all those updates last nightI wouldn't worry too much about this 'supposed' manipulator that I keep hearing about. Keep to the charts and you'll be OK
WaveAddict, how much do you think manipulative moves like throwing up huge ask walls like what happened this night affect technical analysis? I'm not sure whether I should ignore those walls completely, and make my trades based on technical analysis alone, or if there's someway I can integrate the information of those moves into my trading strategy? Wondering what you think! Thanks
And thank you for all those updates last night! Prevented me from making any stupid emotionally guided trades
And thank you for all those updates last night! Prevented me from making any stupid emotionally guided trades
February 22, 2012, 09:09:59 AM
WaveAddict, how much do you think manipulative moves like throwing up huge ask walls like what happened this night affect technical analysis? I'm not sure whether I should ignore those walls completely, and make my trades based on technical analysis alone, or if there's someway I can integrate the information of those moves into my trading strategy? Wondering what you think! Thanks
And thank you for all those updates last night! Prevented me from making any stupid emotionally guided trades
And thank you for all those updates last night! Prevented me from making any stupid emotionally guided trades
February 22, 2012, 03:05:34 AM
sent out a couple more emails for all you night-owls or early-birds who will probably want a guide after what has just transpired tonight when few are even awake
sent out another email subscribers
hope it helps relieve some of the anxiety right now on the forum
hope it helps relieve some of the anxiety right now on the forum
February 21, 2012, 11:48:02 PM
sent out another email subscribers
hope it helps relieve some of the anxiety right now on the forum
hope it helps relieve some of the anxiety right now on the forum
February 21, 2012, 10:35:53 PM
And the wall is gone.
Waiting.............
Waiting.............
February 21, 2012, 10:09:54 PM
No crash, we are in a trading range, let it go below 4.20 and people will panic and get liquidated
February 21, 2012, 10:06:33 PM
The wall moved down again. Its a rally or crash. I think we are going to be testing this wall very soon.
February 21, 2012, 10:00:37 PM
I'm seeing the 5th wave on short term analysis. If it was going to rocket, it should have done it by now.
February 21, 2012, 09:57:59 PM
We are going lower... 
27% unknown for minning bitcoin, might have something to do with how the market is reacting, and if you add in that there is only 21 million bitcoins I would want lower price to buy more before it goes to the moon.... let the seller sell and let the people that are leverage get liquidated....
27% unknown for minning bitcoin, might have something to do with how the market is reacting, and if you add in that there is only 21 million bitcoins I would want lower price to buy more before it goes to the moon.... let the seller sell and let the people that are leverage get liquidated.... February 21, 2012, 09:46:42 PM
Nothing but the wall holding us back now. Get ready for the rocket.
February 21, 2012, 09:46:24 PM
Down to 4.43. I _really_ wonder what he's up to, and how low he's planning on pushing. Still wondering if I should short.
February 21, 2012, 09:43:56 PM
Argh, honestly. Why does Mtgox keep screwing up? Can't they get their API right just ONCE? They should be making plenty of money to be able to create a good, reliable and working API... Sigh
February 21, 2012, 09:36:34 PM
What are some reasons other than wanting bitcoins cheaper, to snuff a rally like this ?
Just curious
Just curious
Profiting from a (big) short position on Bitcoinica.
So snuff it, temporarily ? while he closes the position ?
What do you mean?
Edit: I think I know what you mean. Yeah, he wants to drive the price down so he profits from his short. Then once it's low enough, we'll liquidate and we'll go up up up. No idea when that'll happen though.
February 21, 2012, 09:36:02 PM
4.45.
February 21, 2012, 09:34:51 PM
What are some reasons other than wanting bitcoins cheaper, to snuff a rally like this ?
Just curious
Just curious
Profiting from a (big) short position on Bitcoinica.
So snuff it, temporarily ? while he closes the position ?
February 21, 2012, 09:31:12 PM
Aaaaaand down to 4.46! Fireworks imminent! :p
February 21, 2012, 09:29:53 PM
What are some reasons other than wanting bitcoins cheaper, to snuff a rally like this ?
Just curious
Just curious
Profiting from a (big) short position on Bitcoinica.
February 21, 2012, 09:28:48 PM
What are some reasons other than wanting bitcoins cheaper, to snuff a rally like this ?
Just curious
Just curious
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