It's called a correction (waveaddict's bitcoin charting subscription thread)

[waveaddict]

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

[Mushoz]

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

[waveaddict]

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

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

[Hunterbunter]

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.

[Bro]

if you look at the walls, you are being manipulated

[waveaddict]

  Is everyone making lots of money here


If not, then subscribe already  

For those thinking about subscribing, I charge a mere 2.5bitcoins/month which provides you with daily (sometimes more) charting updates. Plus, I'm a great source for all you beginners out there who want to learn how to trade based on charting. If you find yourself interested just private message me with your email

[Mushoz]

Is everyone making lots of money here


If not, then subscribe already  

For those thinking about subscribing, I charge a mere 2.5bitcoins/month which provides you with daily (sometimes more) charting updates. Plus, I'm a great source for all you beginners out there who want to learn how to trade based on charting. If you find yourself interested just private message me with your email

Daily updates? I'm getting spammed with updates  Which is a good thing!
Great updates, made me a lot of money
Thanks again, keep up the good work!

[teflone]

So when do we get out ?

[SkRRJyTC]

So when do we get out ?

Im using charts (11) and (29) to try and answer this question

[waveaddict]

I pointed to potential target areas in yesterday's email, but for everyone's benefit, I'll talk about it again in the one I'll send out later today

So when do we get out ?

[waveaddict]

correct 

So when do we get out ?

Im using chart (11) and (29) to try and answer this question

[Mushoz]

By the way, I love the charts are numbered like that! Makes it possible to discuss it here, without giving away your analysis. Good job

[damnek]

So when do we get out ?

Im using charts (11) and (29) to try and answer this question

Yep, chart (29) definitely looks scary. 

[teflone]

attachment (42) examples were useful for the

top flat bottom ascending, it was easy to spot yesterday..

Its crazy how well this stuff works...

[SkRRJyTC]

  

Thanks WA

BTW I haven't gotten today's email yet.  Just happy about how things are turning out.

[Mushoz]

 

Thanks WA

+1

[waveaddict]

today's email was just sent 

 

Thanks WA

BTW I haven't gotten today's email yet.  Just happy about how things are turning out.

[teflone]

sooo how does this huge strike down play into all this ?

[SkRRJyTC]

sooo how does this huge strike down play into all this ?

Chart (46) told me about this spike before it happened.

[Mushoz]

sooo how does this huge strike down play into all this ?

It was only ~5-6k BTC that got sold. Nothing to worry about. The increased volatility is just because of the reduced market depth close to the current price.