Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?

[zvs]

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

Why would you even charge a fee?   More sheeple in the herd = easier to manipulate to maximum profit.

People have to buy their drugs at some point, though.... and it takes a lot more bitcoins than it used to.

[1713897035]

1713897035

[1713897035]

1713897035

[S3052]

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.

[zvs]

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.

Technical analysis that doesn't hold any meaning really in regards to bitcoins.  Though I will concede that you must have enough followers by now that you're able to sell or buy some stash before issuing your next newsletter, w/ whatever technical indicators best suit your intended position.

But if you want to speak of it as a stock, primary resistance levels would be in the 3.9-4.2 range, many times stronger than any "resistance" in the ~$4.70 area.

Too much emphasis on just a few indicators.

I'm just waiting for a press release about how there are lots of drugs for sale on silk road.

Oh, I guess I should mention that I took a position at ~$4.21-$4.22 several hours ago.

[maxll]

Where is your 3.5 nao megasuper12yearstrader?

[S3052]

The forecast we issued today and yesterday to subscribers is fully on track.

[Mushoz]

The forecast we issued today and yesterday to subscribers is fully on track.

There wasn't a private forecast today for subscribers, correct?

[Koekiemonster]

The forecast we issued today and yesterday to subscribers is fully on track.

There wasn't a private forecast today for subscribers, correct?

There was one on his site. =/

S3052, I think you should email subscribers when you update your site/twitter.

[S3052]

I meant the two updates to subscribers from Feb 18. Sorry for the confusion.

[maxll]

It is all about 18feb-secret-charts.

[sturle]

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. :-)

[Mushoz]

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.

[S3052]

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.

[Crypt_Current]

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?

[miscreanity]

Here's where the bots matter:

http://www.badalgo.com/

Great Twitter feed - some wild sub-1s activity showing HFT activities, especially quote-stuffing. There's no stopping this kind of activity and it's so far beyond anything regulators can handle that the only solution is to adapt and compete.

[SkRRJyTC]

Here's where the bots matter:

http://www.badalgo.com/

Great Twitter feed - some wild sub-1s activity showing HFT activities, especially quote-stuffing. There's no stopping this kind of activity and it's so far beyond anything regulators can handle that the only solution is to adapt and compete.

All sorts of kick ass links in the twitter

[S3052]

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

[molecular]

Here's where the bots matter:

http://www.badalgo.com/

Great Twitter feed - some wild sub-1s activity showing HFT activities, especially quote-stuffing. There's no stopping this kind of activity and it's so far beyond anything regulators can handle that the only solution is to adapt and compete.

lmao. "quote stuffing". 120000 quotes, 0 trades. lol. strange world.

[Mushoz]

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

Which update contains the triangle you're talking about? I can't seem to be able to find it. Or are you talking about the triangle in the attachment, which was send in a separate email on February the 18th? To checking if I'm looking at the correct one Thanks!

Edit: Hmm, wait. That triangle isn't valid anymore. Which triangle are you talking about? Could you help me out please? Thanks!

[somestranger]

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

Which update contains the triangle you're talking about? I can't seem to be able to find it. Or are you talking about the triangle in the attachment, which was send in a separate email on February the 18th? To checking if I'm looking at the correct one Thanks!

Edit: Hmm, wait. That triangle isn't valid anymore. Which triangle are you talking about? Could you help me out please? Thanks!

Over the past several days a symmetrical triangle pattern has been forming. Here's my sketch:

[Mushoz]

Which is a continuation pattern, correct? Which means down, down, down? Weird that I missed it in the update though. Thanks for posting!