Thanks for the donation today. Much appreciated.

Perfectly right.  After a short visit to 0.14, the large buy orders are coming in now.  The upwards resistance has become invisible, and there are almost no coins for sale below 0.23.  I think it is time for a rise again, at least on a short term.  Still without using any waves, triangles or trend lines.  Just my untrained eyes. :-)

Someone from forexfactory moved our thread to the category "Forums > Commercial Forum (beta) > Under Evaluation".

I don't understand it but as long as people can see it I am fine and don't think we need to fight this battle.

Here is the new link:
http://www.forexfactory.com/showthread.php?t=264527&page=2

Good advice. Thanks.

Let me find out with them why they have moved it. At least I want to ask one question (to find out whether it was because I am not yet trusted enough on this forum or if they think it is because of bitcoins not widely accepted as commodity currency.

Any objections before I ask them?

As promised, here tonight's Bitcoin Forecast and Bitcoin Technical Analysis Update.

Our forecast over the past weeks and even short term over the past days was fulfilled in an almost text book manner. (just look at the previous updates).
Sometime we will also be wrong, so please recognize that you trade at your own risk.

I think that despite the crash, BTC prices count best as a five wave move to their peak, with an extended fifth "blowoff" move. This means they trade like commodities IMO.

This would imply that after a low-volume corrective period, we should eventually have another move and take out the highs.

Just my 2 bit opinion.

Here is the additional service I am offering, see separate thread:
http://bt.irlbtc.com/view/1779.0


All,

as some of you have experienced, I cover BTC/USD in the trading discussion and also on MtGox blog, and I will continue to do so.

Since I have been successfully analyzing key financial markets over the past 12 years, I am extending my service now to the following financial instruments and  - as I love so much the Bitcoin idea - will only accept bitcoins as payment.

    * Gold

    * Silver

    * DJI

    * Nasdaq 100

    * EUR/USD

    * USD index (DXY)


I am using technical analysis (indicators, wave principles, etc), coupled with sentiment measures and my personal experience.

Since I am not a web developer, I am starting this simply here on the forum via requests per mail. Initially, I will accept 20 requests per week only. Initially, price is as follows:

Time horizon is not intraday, but rather days, weeks and months. I will respond to your request within 48h, unless stated otherwise.

Once I have answered 20 requests per week, I will close the consultancy in the respective week.

Examples of requests can be as follows:
* How do you see Gold in USD developing over the next 4 weeks, (or 7 days, 2 months)
* I am trading DJI. What is your recommendation (long/short) over the next 7 days? What are possible entry and exit points?
etc.

Buy low and sell high!

I feel no need to post another update this evening. All has been said this morning, so I am posting this again, with minor finetuning.

The market is dead (for now).


"Based on price and volume developments over the past days, we see the most likely short term direction DOWN.
Prices may test the longterm uptrend line (currently around 0.13-0.165) or at least the 0.20 support area before potentially continuing the rally.
Only a break above the 0.30-0.35$ range will invalidate this picture."

Next update Wednesday, Nov 17th (provided the market starts to wake up again)

Your S3052

http://www.xtranormal.com/watch/7686377/

Techinacal analysis now with video