XO Classic (XOCL)
No plans for XO Unlimited (yet)
Topic: PnF TA - page 11. (Read 190664 times)
XO Core (XOCR)
XO Classic (XOCL)
No plans for XO Unlimited (yet)
XO Classic (XOCL)
No plans for XO Unlimited (yet)
Klee, why are you arguing with a guy that is obviously just seeing what he wants to see? If he can't understand the technicals and matching fundamentals in the current Nxt rise and is defending Xmr, he's an amateur.
Kramerc is a good guy and I am so much stressed with a project I am preparing now (soon I will post some details) that can't be calm enough to explain.
I mean even people at Slack can''t get the message clearly yet, where I am in there almost 24/7.
I want to write a 'manifesto' explaining things (mission, what is what I do, why, how etc) but still to find the damn time.
The main idea people have to understand is: There are no assets. Don't marry one. That is from a traders PoV of course as someone might just want to park his money in Monero stealth mode (though he always have to decide When is best to do so!).
There is only market and we wanna jump from strongest asset to the next strongest one. No point making less profit if we can maximise it, right?
So Monero 'Believers' that kept watching ETH rallying whie screaming 'Bubble! P&D! FUNDAMENTALS!!!!!' lost on profits!
Because XMR was much weaker in BTC profits until ETH topped.
Jumping from strongest asset to the next strongest one is easy if the assets are trending (eg previous ETH rally) but can be tricky with cryptos (P&Ds).
You have to buy at extreme oversold levels (eg LSK now) and see prospective winners too (eg NAUT).
Btw, I'd like to see you chart GAME. Somehow (actually I know how) it has slipped under most people's radar. The fundamentals are off the charts (but most aren't public yet, so we will leave that off the table for now). However, the technicals looks sexy too in my opinion. Would be interested in yours.
GAME doubled the money of a friend of mine after advising him to buy at around 7000!
Weren't for my BTCs to be invested elsewhere I would have bought at the 45 degree support:
It has build a very strong support at around 6000.
Btw, I'd like to see you chart GAME. Somehow (actually I know how) it has slipped under most people's radar. The fundamentals are off the charts (but most aren't public yet, so we will leave that off the table for now). However, the technicals looks sexy too in my opinion. Would be interested in yours.
Just realised something.
Why are you watching coins market cap in USD??
IMO alts are only good for printing BTC - as long as BTCUSD (BTCCNY) is bullish I don't care about coin:usd pairs.
Increasing coin prices in fiat terms while BTC rallies is the low hanging fruit.
So now I will only look at this 'indicator' if BTC goes 550$ (start of a medium -maybe long- term bear trend IMHO).
Somehow we are lost in translation I think.
Anyways...
Why are you watching coins market cap in USD??
IMO alts are only good for printing BTC - as long as BTCUSD (BTCCNY) is bullish I don't care about coin:usd pairs.
Increasing coin prices in fiat terms while BTC rallies is the low hanging fruit.
So now I will only look at this 'indicator' if BTC goes 550$ (start of a medium -maybe long- term bear trend IMHO).
Somehow we are lost in translation I think.
Anyways...
Klee, why are you arguing with a guy that is obviously just seeing what he wants to see? If he can't understand the technicals and matching fundamentals in the current Nxt rise and is defending Xmr, he's an amateur.
Take profit between the 2 order blocks (375k)
Actually, I was more interested in the BTC market cap, but the site just doesn't show it.
Meanwhile, for now, the market agrees with me. It could reverse soon
.
Funny enough, RS charts did not change!!Meanwhile, for now, the market agrees with me. It could reverse soon
.Go all in NAUT, thank me later...
Actually, I was more interested in the BTC market cap, but the site just doesn't show it.
Meanwhile, for now, the market agrees with me. It could reverse soon.
Meanwhile, for now, the market agrees with me. It could reverse soon
.
Just realised something.
Why are you watching coins market cap in USD??
IMO alts are only good for printing BTC - as long as BTCUSD (BTCCNY) is bullish I don't care about coin:usd pairs.
Increasing coin prices in fiat terms while BTC rallies is the low hanging fruit.
So now I will only look at this 'indicator' if BTC goes 550$ (start of a medium -maybe long- term bear trend IMHO).
Somehow we are lost in translation I think.
Anyways...
Why are you watching coins market cap in USD??
IMO alts are only good for printing BTC - as long as BTCUSD (BTCCNY) is bullish I don't care about coin:usd pairs.
Increasing coin prices in fiat terms while BTC rallies is the low hanging fruit.
So now I will only look at this 'indicator' if BTC goes 550$ (start of a medium -maybe long- term bear trend IMHO).
Somehow we are lost in translation I think.
Anyways...
I am bringing fundamentals because XMR 'sucked' all it had to suck while NXT 'leaked' all it had to leak.
So market caps will reverse now (as weekly RS did, see below).
The shorter term RS posted above shows that even when NXT bottomed was still stronger than XMR.
Imagine now, that there is no NXT but Ardor, a new coin!! (Fundamentals again).
You really thing XMR can compete (even in market cap RS) with a new coin FOMOing? Some fundamentals (new coin) ARE Technicals.
One has to look at the individual P&F charts (NXTBTC, XMRBTC) too.
NXT worst day was 900 satoshi, I am sorry for you but it WON'T go lower, not under these circumstances (fundamentals and TA).
While XMR will struggle to break 300-350 area.
So I don't see the catapult you are dreaming but a quadruple top break.
Also, even after yesterday's NXT dump and XMR pump, RS is still the same.
You play the column here (more long term chart). Now you should be in NXT, get over it.
If I had the data I could do a market cap RS but not easy as you understand. In the future I will do stuff like this, now I have some other projects to finish..
All P&F charts at top look uber bullish, on bottom uber bearish (Dorsey Wright). Time for a reversal (weekly RS says so too).
So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser?
Play the winners.
PS: You did not answer me on your trick to compare the 2 coins market caps in different tops (and not both on their ATH).
You are working under the premises that NXT won't go lower, XMR won't go higher, premises which may or may not be correct. You are also advising buying a dead cat bounce (until proven otherwise) over to buying a coin that's constantly making higher highs (and ATHs in market cap terms). And while I appreciate the Dorsey Wright quote, and consider it to be true, the bottom and the top are simply not evident until after the fact. So what might look like "THE BOTTOM" or "THE TOP", might only be a short stop in the direction of the dominant trend.
Quote
So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser?
Play the winners.
Play the winners.
If one just got out of the bear market, surely it needs time before the wheels start spinning at full velocity. The other one already gathered momentum, and maybe, just maybe, is ready to burst.
Regarding the market cap point that you're making, you simply take arbitrary numbers, multiply them and poof, there goes your conclusion. For instance, you use NXT at .00015, when the actual price is "only" 5 times lower... so you're proposing a 500% increase in price based on what exactly?
This is my last post on the subject, happy trading.
No.
Later though, now I am pretty busy...
I am bringing fundamentals because XMR 'sucked' all it had to suck while NXT 'leaked' all it had to leak.
So market caps will reverse now (as weekly RS did, see below).
The shorter term RS posted above shows that even when NXT bottomed was still stronger than XMR.
Imagine now, that there is no NXT but Ardor, a new coin!! (Fundamentals again).
You really thing XMR can compete (even in market cap RS) with a new coin FOMOing? Some fundamentals (new coin) ARE Technicals.
One has to look at the individual P&F charts (NXTBTC, XMRBTC) too.
NXT worst day was 900 satoshi, I am sorry for you but it WON'T go lower, not under these circumstances (fundamentals and TA).
While XMR will struggle to break 300-350 area.
So I don't see the catapult you are dreaming but a quadruple top break.
Also, even after yesterday's NXT dump and XMR pump, RS is still the same.
You play the column here (more long term chart). Now you should be in NXT, get over it.
If I had the data I could do a market cap RS but not easy as you understand. In the future I will do stuff like this, now I have some other projects to finish..
All P&F charts at top look uber bullish, on bottom uber bearish (Dorsey Wright). Time for a reversal (weekly RS says so too).
So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser?
Play the winners.
PS: You did not answer me on your trick to compare the 2 coins market caps in different tops (and not both on their ATH).
You are working under the premises that NXT won't go lower, XMR won't go higher, premises which may or may not be correct. You are also advising buying a dead cat bounce (until proven otherwise) over to buying a coin that's constantly making higher highs (and ATHs in market cap terms). And while I appreciate the Dorsey Wright quote, and consider it to be true, the bottom and the top are simply not evident until after the fact. So what might look like "THE BOTTOM" or "THE TOP", might only be a short stop in the direction of the dominant trend.
Quote
So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser?
Play the winners.
Play the winners.
If one just got out of the bear market, surely it needs time before the wheels start spinning at full velocity. The other one already gathered momentum, and maybe, just maybe, is ready to burst.
Regarding the market cap point that you're making, you simply take arbitrary numbers, multiply them and poof, there goes your conclusion. For instance, you use NXT at .00015, when the actual price is "only" 5 times lower... so you're proposing a 500% increase in price based on what exactly?
This is my last post on the subject, happy trading.
No.
I am bringing fundamentals because XMR 'sucked' all it had to suck while NXT 'leaked' all it had to leak.
So market caps will reverse now (as weekly RS did, see below).
The shorter term RS posted above shows that even when NXT bottomed was still stronger than XMR.
Imagine now, that there is no NXT but Ardor, a new coin!! (Fundamentals again).
You really thing XMR can compete (even in market cap RS) with a new coin FOMOing? Some fundamentals (new coin) ARE Technicals.
One has to look at the individual P&F charts (NXTBTC, XMRBTC) too.
NXT worst day was 900 satoshi, I am sorry for you but it WON'T go lower, not under these circumstances (fundamentals and TA).
While XMR will struggle to break 300-350 area.
So I don't see the catapult you are dreaming but a quadruple top break.
Also, even after yesterday's NXT dump and XMR pump, RS is still the same.
You play the column here (more long term chart). Now you should be in NXT, get over it.
If I had the data I could do a market cap RS but not easy as you understand. In the future I will do stuff like this, now I have some other projects to finish..
All P&F charts at top look uber bullish, on bottom uber bearish (Dorsey Wright). Time for a reversal (weekly RS says so too).
So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser?
Play the winners.
PS: You did not answer me on your trick to compare the 2 coins market caps in different tops (and not both on their ATH).
You are working under the premises that NXT won't go lower, XMR won't go higher, premises which may or may not be correct. You are also advising buying a dead cat bounce (until proven otherwise) over to buying a coin that's constantly making higher highs (and ATHs in market cap terms). And while I appreciate the Dorsey Wright quote, and consider it to be true, the bottom and the top are simply not evident until after the fact. So what might look like "THE BOTTOM" or "THE TOP", might only be a short stop in the direction of the dominant trend.
Quote
So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser?
Play the winners.
Play the winners.
If one just got out of the bear market, surely it needs time before the wheels start spinning at full velocity. The other one already gathered momentum, and maybe, just maybe, is ready to burst.
Regarding the market cap point that you're making, you simply take arbitrary numbers, multiply them and poof, there goes your conclusion. For instance, you use NXT at .00015, when the actual price is "only" 5 times lower... so you're proposing a 500% increase in price based on what exactly?
This is my last post on the subject, happy trading.
Above 55 this will test 75 65-90 area:
Already gave a signal at 55 (though 56 would be stronger).
Already gave a signal at 55 (though 56 would be stronger).
WoW! It's my first time i see someone using a P&F chart!
Sorry was partly responding to your previous reply to me. XEM seems to have hit a wall and is falling back to 900, but I am asking about NXT rather than XEM!
2000 is very good support for NXT, unless BTC breaks 725
Sorry was partly responding to your previous reply to me. XEM seems to have hit a wall and is falling back to 900, but I am asking about NXT rather than XEM!
Where do you think the bottom is for NXT? Seems there is too much resistance at 2000 for XEM to make any serious advance.
So you ask for NXT or XEM? I am confused...
Where do you think the bottom is for NXT? Seems there is too much resistance at 2000 for XEM to make any serious advance.
To put it another way Kramer so you understand me:
See that double top in weekly RS? It was time to switch to XMR (especially after the reversal).
See that double top in weekly RS? It was time to switch to XMR (especially after the reversal).
IMO market cap is a metric that is not important in printing BTC for you but maybe has some merit for the coin's fundamentals (people are interested etc).
If you have 2 BTC printing coins, you choose the stronger.
If you have 2 BTC printing coins, you choose the stronger.
NXT bottomed recently.
XMR 1 year ago.
XMR will struggle to break 350k
NXT will go at least 5000k
The RS chart says NXT bottomed too.
Why should XMR go nuts? Because GUI?
NXT has an ICO going on and various big agreements will begin to come in light.
Recent peak in NXT is not just to get compared with XMRs peak (it was a spread double top too, so it is relatively safe to say that we know the XMR top, as we know that the NXT top is between 10k-15k). Try with NXT at 16k satoshi....
So let me put it right:
15k * 1bn = 15 trillion satoshi market cap for NXT
400k * 12m = 4.8 trillion satoshi (and I should have put less than 12m)
Go figure...
Why are you bringing fundamentals into this? Weren't we talking purely TA?
RS chart shows triple bottom break with chances of catapult. I'd rather wait it out than buying NXT with my XMR.
Everything else you've written is purely speculation that has no basis in TA. Sure, support and resistance levels are there, and doing their job, just until they're not, so I'd rather not make clean cut statements about tops and bottoms, because you never know.
Good luck trading, as long as we're making more bitcorns, 'tsall good.
edit: @macsga: I did bring another TA method into play, one which helps determine supply and demand probably much better than price does. XMR market sucked in millions of coins from the huge emission from the last years which speaks demand (grass-roots, manipulated, I don't know/care/can't gauge, but someone was there to buy those coins), NXT shows a 4 times smaller market cap in the same period which shouts "nobody wants this coin (for now)".
Pretty simple if you think about it: demand => higher prices, lack of demand => uncertainty.
edit2: how about a RS chart based on marketcap and not price? Would that be possible?
So market caps will reverse now (as weekly RS did, see below).
The shorter term RS posted above shows that even when NXT bottomed was still stronger than XMR.
Imagine now, that there is no NXT but Ardor, a new coin!! (Fundamentals again).
You really thing XMR can compete (even in market cap RS) with a new coin FOMOing? Some fundamentals (new coin) ARE Technicals.
One has to look at the individual P&F charts (NXTBTC, XMRBTC) too.
NXT worst day was 900 satoshi, I am sorry for you but it WON'T go lower, not under these circumstances (fundamentals and TA).
While XMR will struggle to break 300-350 area.
So I don't see the catapult you are dreaming but a quadruple top break.
Also, even after yesterday's NXT dump and XMR pump, RS is still the same.
Furthermore, a better RS to watch is the weekly:
You play the column here (more long term chart). Now you should be in NXT, get over it.
If I had the data I could do a market cap RS but not easy as you understand. In the future I will do stuff like this, now I have some other projects to finish..
All P&F charts at top look uber bullish, on bottom uber bearish (Dorsey Wright). Time for a reversal (weekly RS says so too).
So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser?
Play the winners.
PS: You did not answer me on your trick to compare the 2 coins market caps in different tops (and not both on their ATH).
Jump to: