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Topic: It's called a correction (waveaddict's bitcoin charting subscription thread) - page 57. (Read 92099 times)

hero member
Activity: 532
Merit: 500
I'll most likely send daily updates.

Besides teflone, wobber, and Mushoz, are there any others interested?

I'd most likely be in as well. If it contains short-term updates as well. Those are the most valuable to me.
sr. member
Activity: 476
Merit: 250
moOo
fine it is still why we declined.. and sorry but the 4th largest pool getting hacked, the 3 largest exchange with vulnerabilities and the 2nd largest exchange throwing in the towel is BAD BAD BAD NEWS even if we were on an upward trend. There is a lot of real fear uncertainty and doubt in BTC. It is much like it was when online commerce first started and we started to get a wave of CC thefts. People started to not trust shopping online at all.

The second biggest exchange closing down because it is getting pressured by the mega banks is mega bad news.
hero member
Activity: 532
Merit: 500
rationalize it all you want...the waves don't lie. sentiment towards news changes in regard to what wave up or down you are in. We were in a corrective wave down so this news was perceived as 'more dreadful' then if it occurred during an uptrend wave.

here is what happened the past couple of days.

TradeHill suspending trading and returning client funds

BetaBeat: Banks Force Paxum to Drop Bitcoin

btc-e compromised

btcserv hacked, coins stolen

a few days earlier, ozcoin hacked and coins stolen(probably too old of news but negative news can hang around your neck like a noose and add onto each other)

That is why it dropped.

sr. member
Activity: 476
Merit: 250
moOo
here is what happened the past couple of days.

TradeHill suspending trading and returning client funds

BetaBeat: Banks Force Paxum to Drop Bitcoin

btc-e compromised

btcserv hacked, coins stolen

a few days earlier, ozcoin hacked and coins stolen(probably too old of news but negative news can hang around your neck like a noose and add onto each other)

That is why it dropped.
hero member
Activity: 532
Merit: 500
in the larger scheme of things, today is the terminal end of the correction that has been going on for weeks now since 7.20. Triangles always end in a panic-like selloff. It is actually a kind of standard to look for if you think a triangle is playing out. Good thing for longs, that panic end of a triangle is usually the bottom.

cool story bro

.. many weeks ago.

so, will the price now skyrocket like you predict it in your chart?!..

the last 4 days were panic selloff, not a correction. the correction was what happened the last 6 weeks.
hero member
Activity: 686
Merit: 500
Bitbuy
I'd most likely be in as well. If it contains short-term updates as well. Those are the most valuable to me.
sr. member
Activity: 364
Merit: 250
[#][#][#]
cool story bro

.. many weeks ago.

so, will the price now skyrocket like you predict it in your chart?!..

the last 4 days were panic selloff, not a correction. the correction was what happened the last 6 weeks.
hero member
Activity: 532
Merit: 500
I'll set something up and let you guys know...2.5 coins/month sounds fair to me

posted this a couple of weeks ago: http://imageshack.us/f/688/bitcoinforum.png/

situation now: http://imageshack.us/f/171/69867152.png/

Many here need to learn the basics of investing before they start speculating. A near perfect channel correction is near complete if not finished already. The name of the game is buying when others are fearful...bitcoin is no different than the same dynamics that price out everything in a free market.

Ok, I want you as my personal analyst, Im willing to pay 2.5 coins a month for something like R2D205 does...

No bull.
legendary
Activity: 1064
Merit: 1001
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
posted this a couple of weeks ago: http://imageshack.us/f/688/bitcoinforum.png/

situation now: http://imageshack.us/f/171/69867152.png/

Many here need to learn the basics of investing before they start speculating. A near perfect channel correction is near complete if not finished already. The name of the game is buying when others are fearful...bitcoin is no different than the same dynamics that price out everything in a free market.

Ok, I want you as my personal analyst, Im willing to pay 2.5 coins a month for something like R2D205 does...

No bull.
hero member
Activity: 616
Merit: 502
not by me. there is no substance there besides trendlines which only hold if they are in line with the larger count. Obviously whoever drew those has no clue on the overall wave count.

This was also posted before:


it was my joke! Do not understand humor? "simple chart for lemmings" ...etc...  Cheesy Cheesy Cheesy
hero member
Activity: 532
Merit: 500
not by me. there is no substance there besides trendlines which only hold if they are in line with the larger count. Obviously whoever drew those has no clue on the overall wave count.

This was also posted before:


donator
Activity: 980
Merit: 1000
This was also posted before:

hero member
Activity: 532
Merit: 500
if you are talking about the 1 day chart then yes, there seems to be a little wave 4 triangle forming but it could also be a mix of 1s and 2s before a huge gap up. My target of 4.24 was hit so I am all in at the moment and yes I know that it could go down in 'one' more wave...but I don't want to risk not being in here.

you are also welcome regarding the charting compared to S3052. I saw his work and was not impressed given what he is charging. I would charge a fraction of what he is if people are interested.



posted this a couple of weeks ago: http://imageshack.us/f/688/bitcoinforum.png/

situation now: http://imageshack.us/f/171/69867152.png/

Many here need to learn the basics of investing before they start speculating. A near perfect channel correction is near complete if not finished already. The name of the game is buying when others are fearful...bitcoin is no different than the same dynamics that price out everything in a free market.
This is the most convincing chart I've seen so far (even better then the S3052 newsletter) - but I still hesitate on joining back because of the triangle pattern that is now being formed - isn't that a continuation pattern?
hero member
Activity: 532
Merit: 500
zby
legendary
Activity: 1592
Merit: 1001
posted this a couple of weeks ago: http://imageshack.us/f/688/bitcoinforum.png/

situation now: http://imageshack.us/f/171/69867152.png/

Many here need to learn the basics of investing before they start speculating. A near perfect channel correction is near complete if not finished already. The name of the game is buying when others are fearful...bitcoin is no different than the same dynamics that price out everything in a free market.
This is the most convincing chart I've seen so far (even better then the S3052 newsletter) - but I still hesitate on joining back because of the triangle pattern that is now being formed - isn't that a continuation pattern?
hero member
Activity: 532
Merit: 500
What do you think speculating is?


This whole topic belongs in GAMBLING....
hero member
Activity: 532
Merit: 500
you have no clue what you are talking about...the whole reason why bitcoin follows the charts is because 'few' trade based on them. Charts are formed based on emotional trading and that is what most trading on here is. Everything in nature happens in waves...including emotion  Wink

Luckily there is something that can predict these emotional waves for collective of all those trading; its called elliott wave...look it up.


charts only work if majority believes and follows them

the ongoing theme of Bitcoin is breaking trends
legendary
Activity: 1050
Merit: 1000
charts only work if majority believes and follows them

the ongoing theme of Bitcoin is breaking trends
legendary
Activity: 1449
Merit: 1001
This whole topic belongs in GAMBLING....
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