My Speculation Thread (Charts and Analysis Included ;)) - page 10.

tokeweed

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XMR/BTC: Exhibiting the Same Pattern as Dash

Here's another one. The same pattern as Dash in the post above. This could very may well be a sign that the bearish trend is starting to end across some altcoins and a following accumulation phase begins. I'm waiting for ETH, FCT and some of the rest like ETC to show the same pattern and I think it would be time to start shopping for alts to buy and wait for the bull run.

I would appreciate all your comments and thoughts. GLGT.

tokeweed

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Quote from: sandiman on October 27, 2016, 05:24:17 AM

Reversal, put your chart on 12h time frame, shooting start candlestick + bearish divergence. broke both support of 48k et 51k. to late to make any move, you need to be quicker, falls are always sharp. I did probably one of the best sale point of my entire life, thanks crypto.

Waves is still looking good right now. With all the tools in TA that you can use, you can still come up with the wrong conclusion some percentage of the time.

Anyway here's a new write up for Dash.

DASH/BTC: Time to Close your Shorts?

Notice the spike in volume coupled with the sell down to .0105 BTC or so, could that be the final sell down? If it is then Dash might have hit the bottom for this down trend and might be a start of a new accumulation phase.

On the other hand the current rise in price has no volume behind it so it might just be a technical reaction to BTC/USD when it fell below 700 USD for a bit. But who's to say? Sometimes it's a sign that the bear is gone and it's time to accumulate.

What do you guys think?

sandiman

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Quote from: tokeweed on October 26, 2016, 10:48:51 PM

Waves: Is This a Correction or a Reversal?

The first big red day just happened since the fast climb of Waves occurred. So is this a mere correction or a permanent reversal? I don't have the answers and it's precisely why I'm asking you on what you guys think.

And what caused the rise anyway? To answer where this market will go is to answer what caused the rise in the first place.

Reversal, put your chart on 12h time frame, shooting start candlestick + bearish divergence. broke both support of 48k et 51k. to late to make any move, you need to be quicker, falls are always sharp. I did probably one of the best sale point of my entire life, thanks crypto.

tokeweed

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Waves: Is This a Correction or a Reversal?

The first big red day just happened since the fast climb of Waves occurred. So is this a mere correction or a permanent reversal? I don't have the answers and it's precisely why I'm asking you on what you guys think.

And what caused the rise anyway? To answer where this market will go is to answer what caused the rise in the first place.

tokeweed

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Quote from: vlight on October 18, 2016, 02:03:50 PM

Waves looks good, agree with your TA. Incent ICO and the upcoming full nodes are probably the reason price has increased.

I have no idea what's making Waves go up, but this is weird as it's going up together with BTC. Cheesy

I have done a little reading about Waves and it seems that the full nodes' release have been long over due.

On the other hand mostly the rest of altcoins are going down. All the short sell advice in this thread are spot on and the long advice, which is Waves clearly appears to be the right decision as well. But I would advice to always keep watch of your stoploss.

And keep in mind the scene just changed due to BTC's (solid?) rise. If you're waiting for a reversal in your favorite altcoin then that might take longer than you might expect. It's better to be holding BTC right now.

vlight

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Waves looks good, agree with your TA. Incent ICO and the upcoming full nodes are probably the reason price has increased.

tokeweed

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DASH/BTC: Short Signal Confirmed?

Signals to short sell Dash gets stronger and stronger everyday, I wish I was brave enough to act on the trade the minute I first saw it. But now is a good time as ever to make a short sell as it doesn't look like it might going up anytime soon. We'll see some spikes from time to time but that would usually be a desperate attempt by some traders to make something happen.

WAVES/BTC: Breaking Out or Accumulation?

I've been getting a couple of pm's asking if I have something that would advice to go long. Well here it is, Waves. I have no idea exactly what's going on with the platform but somebody or some group is loving this one. Notice the small spikes in volume, that all might be from the same buyer/group of buyers accumulating and supporting it. The neon green horizontal line is the resistance. We just saw it break but it went back down. That could mean a couple of things: 1) That it could be the start of a break out, or 2) It's not. Grin

But continue following the price movements, or better yet accumulate some for yourself but set a stop loss just in case it goes the other direction. Good luck.

olcaytu2005

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Quote from: tokeweed on October 14, 2016, 06:12:31 PM

Yeah been watching it but I'm staying away from it. It's too choppy for my taste as I like smoother charts and low volatility when getting in. And then when a coin breaks out and volatility increases, your orders are already filled. That's the idea at least.

But STR (or XLM) does look like it's being accumulated atm. If you really want to get in and hold long term then buy the dips I guess. Good luck.

I like your idea, but sometimes throwing in a few btcs at a coin you can at least forget about to a month can yield good returns. I personally will always reserve my day trading money (not really trading anything since the low volumes these days) but still, just a few btcs. Tongue

What happened to your chart analysis btw?

tokeweed

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Yeah been watching it but I'm staying away from it. It's too choppy for my taste as I like smoother charts and low volatility when getting in. And then when a coin breaks out and volatility increases, your orders are already filled. That's the idea at least.

But STR (or XLM) does look like it's being accumulated atm. If you really want to get in and hold long term then buy the dips I guess. Good luck.

olcaytu2005

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Kinda cba to post some graphical analysis though have a look at stellar. Someones been collecting it since September. 2 spikes happened because of that and the total amount of coins in sale decreased everytime. I personally opened a long position at a nice dip. What do you think tokeweed? Have you had a chance to take a look at it?

olcaytu2005

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I had several indicators. Besides having a bearish look since the early September spike, I also thought btc's long waited and anticipated rise would also force Dash down. But, and a big but here, I like and enjoy day trading. So If I would have shorted at 197, Id probably closing my position as soon as it touched sub 190. I still think dash will decline further to sun 175 until It can go up again.

tokeweed

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Quote from: olcaytu2005 on October 11, 2016, 11:22:40 AM

Quote from: Dinki on October 11, 2016, 09:27:07 AM

I've been waiting for the price of Factom to rise higher for a while now. Guess I can't keep tying down my funds, I'll short and try my luck with some other coin.

If you are have patiente and won't get liquidated easily, just wait. Factom can go as down as 300, but it will eventually be back up. In a month with m2 release there are definetly oppurtunities for you to close your position without a loss. But ofcourse if don't want to miss other chances, its your choice.

On the other hand, I've been thinking to short dash since it was 197, usually when I do after a drop the price goes back up so I won't touch it even tho the chart tells me to short.

I'm curious what was the fundamental reason why you decided to short sell Dash? As you can see, I make decision mostly be looking at the charts and see where the price momentum goes relative to the volume and Bitcoin's price movements. So it's purely technical. But I'm interested in the fundamentals as well and I want to learn how to trade using it. I was wondering if you could enlighten us by explaining what are the fundamental issues to watch out for when deciding to go long or short.

olcaytu2005

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Quote from: Dinki on October 11, 2016, 09:27:07 AM

I've been waiting for the price of Factom to rise higher for a while now. Guess I can't keep tying down my funds, I'll short and try my luck with some other coin.

If you are have patiente and won't get liquidated easily, just wait. Factom can go as down as 300, but it will eventually be back up. In a month with m2 release there are definetly oppurtunities for you to close your position without a loss. But ofcourse if don't want to miss other chances, its your choice.

On the other hand, I've been thinking to short dash since it was 197, usually when I do after a drop the price goes back up so I won't touch it even tho the chart tells me to short.

Dinki

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Incent

I've been waiting for the price of Factom to rise higher for a while now. Guess I can't keep tying down my funds, I'll short and try my luck with some other coin.

tokeweed

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The strategy is fine. I'm willing to take small losses as the wins make up for them giving me a decent margin to gain some profit. While whipsaws are part of the way I trade, sometimes it gets really frustrating especially when markets go flat.

Edit: ETC is a short as well. You can do it on Kraken.

sandiman

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Quote from: tokeweed on October 11, 2016, 12:44:09 AM

DASH/BTC: Is it Time to Go Short? ... No really, is it?

Here's another signal to go short that I'm sitting my hands on. I have made two moves on this that resulted in two small losses. So I guess the better option for now is to wait for a couple of weeks more and see if the trend down is real by confirming it through the price movement. And keep in mind that the scenario is changing in the markets as BTC might be on its way up as mentioned from my post above this. So altcoin shorters be ready.

If your strategy doesn't work I deeply advice you to reconsider it Grin

tokeweed

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DASH/BTC: Is it Time to Go Short? ... No really, is it?

Here's another signal to go short that I'm sitting my hands on. I have made two moves on this that resulted in two small losses. So I guess the better option for now is to wait for a couple of weeks more and see if the trend down is real by confirming it through the price movement. And keep in mind that the scenario is changing in the markets as BTC might be on its way up as mentioned from my post above this. So altcoin shorters be ready.

tokeweed

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Not unless China steps in and pumps the hell out of this. And the current movement looks the same as the one on 2015 when BTC was around 200 - 230 USD. Check out the chart from August 25, 2015 to October 10, 2015. That was just before China stepped in and pumped it above 400 USD. If you're waiting for a pull back it might not come anymore. It's better to start nibbling at it small and slowly than regret not holding some for the big rise.

sandiman

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That bullish concensus on BTC looks more and more appropriate for a short pull back and a long squeeze.

tokeweed

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True. BTC has found its footing and it looks like it's being accumulated again. The exchanges to look out for are the Chinese exchanges. The last couple of pumps were done by them and it seems like they own Bitcoin in a way. Those who control the mining farms indirectly controls the network.

Oh and some good news. ETC is now available for margin trading on Kraken. I hope REP follows soon.

Topic: My Speculation Thread (Charts and Analysis Included ;)) - page 10. (Read 22375 times)