I can't speak to the quality of the predictions as I subscribe to neither s3052 or waveaddict. However can I offer indirect appreciation to waveaddict who seems from this thread to be far more hands on with his customers.
It's interesting to see such positive confirmation of the power of a free market.
I get repeatedly great customer feedback since the start of the service and and my customer base is increasing every month since the start.I'm sure you do; it only seemed to me that WaveAddict is a lot more active in here (and by charts) than you. My main point was though that competition is excellent -- it will drive both competitors to do better, which is only good for your customers. I agree with you. Competition is great. But quantity does not equal quality.
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I can't speak to the quality of the predictions as I subscribe to neither s3052 or waveaddict. However can I offer indirect appreciation to waveaddict who seems from this thread to be far more hands on with his customers.
It's interesting to see such positive confirmation of the power of a free market.
I get repeatedly great customer feedback since the start of the service and and my customer base is increasing every month since the start.
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The poll is reset again.
What is your view on bitcoin prices over the next weeks?
Up? Down? Same as now? Don't know?
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We just issued an interim update to subscribers.
Scenario ii) is the one...
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We just issued an interim update to subscribers.
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There are some bots on mtgox continously executing microtrades (often less than 0.01 BTC). Either buying or selling to make sure last price is either to the upside or to the downside of spread. Those may manipulate the charts, depending on how you make them. Will your charts be influenced by such bots, or do you take care to remove those microtrades before generating the charts?
Using a bot to manipulate technical analysis, and play mind games on people making trading decisions just from watching the charts, is a neat trick if it works. :-)
They don't manipulate technical analysis. The spreads are often very tiny, so the price won't change more than a few pips by this strategy. They also don't generate any meaningful volume to influence certain indicators. So they aren't a problem at all. Besides, using technical analysis, bars represent a lot longer time frame than a few seconds, so you won't see the movements caused by those micro trades either. Thanks Mushoz, you are right, this does not influence at all the technical analysis.
In fact, the bitcoin market has been quite straightforward to predict over the past 1.5 years - as it displays great "textbook-like" patterns.Do you think Economics professors might use examples from the Bitcoin network in their teachings? Might be a win-win, since these are such "textbook" patterns. I wonder, what other commodities / markets have shown such textbook-like patterns in the past? not a bad idea. In fact, the triangle I was predicting is currently almost perfectly forming. even though I was predicting it, I could not believe my eyes how mass bitcoin psychology really works so perfectly
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There are some bots on mtgox continously executing microtrades (often less than 0.01 BTC). Either buying or selling to make sure last price is either to the upside or to the downside of spread. Those may manipulate the charts, depending on how you make them. Will your charts be influenced by such bots, or do you take care to remove those microtrades before generating the charts?
Using a bot to manipulate technical analysis, and play mind games on people making trading decisions just from watching the charts, is a neat trick if it works. :-)
They don't manipulate technical analysis. The spreads are often very tiny, so the price won't change more than a few pips by this strategy. They also don't generate any meaningful volume to influence certain indicators. So they aren't a problem at all. Besides, using technical analysis, bars represent a lot longer time frame than a few seconds, so you won't see the movements caused by those micro trades either. Thanks Mushoz, you are right, this does not influence at all the technical analysis.
In fact, the bitcoin market has been quite straightforward to predict over the past 1.5 years - as it displays great "textbook-like" patterns.
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I meant the two updates to subscribers from Feb 18. Sorry for the confusion.
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The forecast we issued today and yesterday to subscribers is fully on track.
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We charge a fee because we work hard on a daily basis and often including the weekend to provide state-of-the art technical analysis. Our purpose is to equip people interested in bitcoin with tools to be on the right side of the market more often than on the wrong side.
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Here is a new bitcoin mid term chart analysis and forecast http://blog.bitcoinwatch.com/
And also, for new people interested (i) to receive bitcoin price forecasts and (ii) trading advice and training:
You can get a -40% trial offer for 3 BTC if you subscribe until Feb 22: http://bit.ly/qJDsYw
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We just issued the second update to subscribers for today, including a new in depth Elliott Wave analysis and two competing short and mid term scenarios.
If any new person wants to subscribe, there is a 3 BTC trial period for the first month. Just send an email to S3052@gmx.ch
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I agree, there is more bearish potential unless 4.8 $ and even more importantly, 5.5 $ are broken to the upside.
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Hi Bitcat,
I also requested an international wire transfer (to the UK) from Mt. Gox on 23rd January 2012. I keep emailing Mt. Gox Support and all I am being told is that the transaction is "pending" or "waiting to be processed". The transfer is for circa £1,600 so I am a little concerned that it has taken over 2 and a half weeks with no sign of the funds yet.
Could you confirm whether you have received your funds from the 20th January transfer yet? I'm guessing that my funds should arrive shortly after yours.
Many thanks, Tetlox
Hey, I am having the same problem. I created a thread about it and I just came across this one. Please check it out. And if anyone has received their funds, please let us know. Thanks! I will be posting a link to this thread in the one I started. https://bitcointalk.org/index.php?topic=64217I have the same problem on an international wire transfer from MtGox. This is unacceptable.
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I have my own analysis of the recent fall in price, on my blog: http://goxxed.blogspot.com/2012/02/btc-back-in-bear-market.htmlTo summarize, I think this means stocks have topped due to a major non-confirmation between the S&P and BTC, which has been the pattern for the past couple years - you may put me on record saying that Modeling $/BTC as a stock is one of the least meaningful, and more persistent myths plaguing Bitcoin... I violently disagree, the past 18 months of technical analysis of the bitcoin markets has shown that it can be analyzed and predicted in the same way as the stock market and other financial markets. Herding behavior and psychology is the same everywhere. I can not believe such a daft, and factually incorrect pronouncement coming from you sir. You may be able to use the same tools to analyse $/BTC but it is not, in fact, behaving as a stock. If it were it would be correlated with the stock market as stocks are. But it is not. $/BTC is an asset class quite different from stocks. Disagree violently as you wish... Facts is facts. In fact, after clarifying what you mean, we AGREE 100% :-)
I agree that BTC is NOT correlated to the stock market. My only point was that the BTCUSD market can be analysed well using techniques known from stock markets and other financial markets, namely technical analysis
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I have my own analysis of the recent fall in price, on my blog: http://goxxed.blogspot.com/2012/02/btc-back-in-bear-market.htmlTo summarize, I think this means stocks have topped due to a major non-confirmation between the S&P and BTC, which has been the pattern for the past couple years - you may put me on record saying that Modeling $/BTC as a stock is one of the least meaningful, and more persistent myths plaguing Bitcoin... I violently disagree, the past 18 months of technical analysis of the bitcoin markets has shown that it can be analyzed and predicted in the same way as the stock market and other financial markets. Herding behavior and psychology is the same everywhere.
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Again, Elliott wave theory has helped tremendously to anticipate the sell off over the past 48 hours.
Here is the chart posted to subscribers before the break down:
And here is the updated chart afterwards:
We are also announcing a special 3 for 2 winter promotion:
For 9.90 BTC, you will get 3 months of subscription - for the price of less than 2 normal monthly fees. Just send an email to S3052@gmx.ch and pay by Feb 16, midnight. You will get a dedicated BTC address from us.
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Every analysis we do, be it for subscribers only or for the public contains unbiased analysis based on technical analysis methods, and this can be verified by the charts we display. If anyone disagrees with our analysis, they are all free to post their alternative.
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>>>Blitzboom.
The market is still too thin to profit from tiny short term moves well enough. This is why we provide a NEUTRAL outlook between 5.3 and 6.1 $. And we provided the same analysis to subscribers and to the public, with the only difference the delay, as we promise to subscriber to get all info first.
We are sure that soon there will be great trading opportunities.
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brief update:
While still bullish mid and long term, the technical picture is deteriorating short term. Some key trendlines are broken: see chart here http://www.bitcoinbullbear.com/
There are two clear options. 1) Decline from current levels or 2) If 6.1 $ is broken: then Rally. but there is no need to be LONG until this has happened
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