Bid/ask sum and its divergences are one useful indicator among many. I disagreed with much of your past stuff too, but you never heard me berate or insult you for it. Tzupy's posts are not so much different from the creator of this thread, as he too uses mainly EW.
I honestly think you're getting emotional here and reading things that just aren't there. Let's dissect the post in question. I will even color the parts for illustration.
I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014.
Description of what he's looking at. Nothing to see here.
The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now.
Bearish according to his interpretation of this particular indicator at one of the analyzed exchanges. He begins saying "the differences are massive", implying that there's two sides of the coin, with the other very different one yet to come.
For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges.
The other, bullish side of the coin, with even some bullish rumors/speculation mixed in.
This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
A conclusion of confusion.
And yes, our tone will stay moderate or I'll have to make it so. Discourse, not flame war. Thanks.
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