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

[waveaddict]

 

I'll just keep posting this message for new viewers 

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[naima53]

I'll just keep posting this message for new viewers too   

I think that now is the time that would be playing "against S3052 and its subscribers." Large players can now buy small quantities slowly, and then make several major purchases, the price to move above the channel and make good money on it.

Oh I see, so you think the big buyers are pushing price down a little (like a bear trap) pushing it out of market indicators to confuse the  newbs like me into shorting and then pushing up to the target again so we get screwed?

bad translation, but I think that approximately, yes. If the price goes down a bit - he can buy a lot of coins (help a recent mailing) He then moves the price up above the channel, and many will be screwed. Otherwise we will have another strong decline in the range 3 .. 4 and possibly lower.
.....just my theory......

[proudhon]

Oh look, the bogeyman finally decided to wag his big dick around to try to scare you out of your coins.

[teflone]

Oh look, the bogeyman finally decided to wag his big dick around to try to scare you out of your coins.

Ya, thats EXACTLY it, a bully..  

Making things look worse than they are at the most opportune time

I deff get this now..  

He wants the coins to pile up in front of his wall, and then snatches them up, then leaves..  and waits for the inevitable.

or just waiting for the shit to settle, then selling them all on an avg of more than he spent..  rinse and repeat..


think of it like damming a river, wait for it to fill/pool, then release the gate..  water rushs uphill apparently, its actaully pretty funny..

[teflone]

haha, he just got a bite taken out of himself that time...

[proudhon]

Oh look, the bogeyman finally decided to wag his big dick around to try to scare you out of your coins.

Ya, thats EXACTLY it, a bully..  

Making things look worse than they are at the most opportune time

I deff get this now..  

He wants the coins to pile up in front of his wall, and then snatches them up, then leaves..  and waits for the inevitable.

or just waiting for the shit to settle, then selling them all on an avg of more than he spent..  rinse and repeat..


think of it like damming a river, wait for it to fill/pool, then release the gate..  water rushs uphill apparently, its actaully pretty funny..

Dammit, I was this close to snatching up that low hanging fruit, but I hesitated.

[teflone]

This is funny now.. people need to realize this trick..

it will get harder every time for this bully

[cloon]

Oh look, the bogeyman finally decided to wag his big dick around to try to scare you out of your coins.

Ya, thats EXACTLY it, a bully..  

Making things look worse than they are at the most opportune time

I deff get this now..  

He wants the coins to pile up in front of his wall, and then snatches them up, then leaves..  and waits for the inevitable.

or just waiting for the shit to settle, then selling them all on an avg of more than he spent..  rinse and repeat..


think of it like damming a river, wait for it to fill/pool, then release the gate..  water rushs uphill apparently, its actaully pretty funny..

Dammit, I was this close to snatching up that low hanging fruit, but I hesitated.

he only did what had to be done...  think the rocket needs one rocketstage more fuel
with fearful ppl it's easy to trigger some signals but mostly in right direction?
(look at MACD 6h)

[waveaddict]

  keep an eye on the 'purple' count in chart (52) which is a variation of the blue count

[teflone]

keep an eye on the 'purple' count in chart (52) which is a variation of the blue count

variation of the blue count from (51) you mean right ?  just checking..

[waveaddict]

more so from chart (48) ... both the orange and purple outcomes were valid ways to end the corrective wave before the eventual path in chart (51)

  PM me if you need more of an explanation,
-waveaddict

keep an eye on the 'purple' count in chart (52) which is a variation of the blue count

variation of the blue count from (51) you mean right ?  just checking..

[Mushoz]

Haha, purple is being spot on so far 

[SkRRJyTC]

Haha, purple is being spot on so far 

Sort of... haha this is wild

[trogdorjw73]

Haha, purple is being spot on so far 

Sort of... haha this is wild

Yeah, that's the question: will purple hold, or are we in a new wave, or what? Half my monies went in a little while back (~4.9) and I was hoping for a nice upswing. Now I'm wondering if I should sell off those coins again and eat the loss, hoping to make it up as we continue to drop. Of course, looking at the current MtGoxLive, there's not much needed for us to swing right back into the $4.85+ range.

[waveaddict]

  I just sent the weekly long term chart projection. Learn to always keep a medium to long term chart in the back of your mind when trading short term to help gauge risk/reward

Haha, purple is being spot on so far 

Sort of... haha this is wild

Yeah, that's the question: will purple hold, or are we in a new wave, or what? Half my monies went in a little while back (~4.9) and I was hoping for a nice upswing. Now I'm wondering if I should sell off those coins again and eat the loss, hoping to make it up as we continue to drop. Of course, looking at the current MtGoxLive, there's not much needed for us to swing right back into the $4.85+ range.

[beardman]

I just sent the weekly long term chart projection. Learn to always keep a medium to long term chart in the back of your mind when trading short term to help gauge risk/reward

Haha, purple is being spot on so far  

Sort of... haha this is wild

Yeah, that's the question: will purple hold, or are we in a new wave, or what? Half my monies went in a little while back (~4.9) and I was hoping for a nice upswing. Now I'm wondering if I should sell off those coins again and eat the loss, hoping to make it up as we continue to drop. Of course, looking at the current MtGoxLive, there's not much needed for us to swing right back into the $4.85+ range.

In trying to keep the medium term possibilities in mind, considering the last couple hours, is purple/blue still the course of action?
I need to do sommore individual research into technicals to go along with your analysis...

Edit: I think I'm looking at the wrong time scale, and that is what is putting me off.

[waveaddict]

  the short term wave count will need readjustment but the path is pretty much the same

I just sent the weekly long term chart projection. Learn to always keep a medium to long term chart in the back of your mind when trading short term to help gauge risk/reward

Haha, purple is being spot on so far  

Sort of... haha this is wild

Yeah, that's the question: will purple hold, or are we in a new wave, or what? Half my monies went in a little while back (~4.9) and I was hoping for a nice upswing. Now I'm wondering if I should sell off those coins again and eat the loss, hoping to make it up as we continue to drop. Of course, looking at the current MtGoxLive, there's not much needed for us to swing right back into the $4.85+ range.

In trying to keep the medium term possibilities in mind, considering the last couple hours, is purple/blue still the course of action?
I need to do sommore individual research into technicals to go along with your analysis...

Edit: I think I'm looking at the wrong time scale, and that is what is putting me off.

[Mushoz]

You guys have to remember that short-term wave counts are very rough, and are only guidelines. They can and will be off by quite a bit a lot of times. They are still very useful, though. You will know the direction where the price is headed, and how it's going to get there.

[proudhon]

the short term wave count will need readjustment but the path is pretty much the same

I just sent the weekly long term chart projection. Learn to always keep a medium to long term chart in the back of your mind when trading short term to help gauge risk/reward

Haha, purple is being spot on so far  

Sort of... haha this is wild

Yeah, that's the question: will purple hold, or are we in a new wave, or what? Half my monies went in a little while back (~4.9) and I was hoping for a nice upswing. Now I'm wondering if I should sell off those coins again and eat the loss, hoping to make it up as we continue to drop. Of course, looking at the current MtGoxLive, there's not much needed for us to swing right back into the $4.85+ range.

In trying to keep the medium term possibilities in mind, considering the last couple hours, is purple/blue still the course of action?
I need to do sommore individual research into technicals to go along with your analysis...

Edit: I think I'm looking at the wrong time scale, and that is what is putting me off.

I'm feeling pretty good about things.  I've reinforced my position.

[naima53]

mmmm ... Guys! Thank you for your coins! I love you!