PnF TA - page 32. | Bitcointalksearch.org

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: hdbuck on February 07, 2016, 11:29:45 AM

Quote from: macsga on February 07, 2016, 11:00:23 AM

Quote from: hdbuck on February 07, 2016, 09:48:21 AM

imho, plenty of time to 'test' new supports because FBI does not have more coins to sell. Undecided

They wouldn't sell it on the exchanges anyway; and certainly those who bought them wouldn't sell them either. Except you're referring to something else, I don't know about.

FBI inflating btc price prior to auction of theirs.

Could be true, but seriously doubt it. If I was running such an op I'd go for 1000$ coins. Wink

hdbuck

legendary

Activity: 1260

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Quote from: macsga on February 07, 2016, 11:00:23 AM

Quote from: hdbuck on February 07, 2016, 09:48:21 AM

imho, plenty of time to 'test' new supports because FBI does not have more coins to sell. Undecided

They wouldn't sell it on the exchanges anyway; and certainly those who bought them wouldn't sell them either. Except you're referring to something else, I don't know about.

FBI inflating btc price prior to auction of theirs.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: hdbuck on February 07, 2016, 09:48:21 AM

imho, plenty of time to 'test' new supports because FBI does not have more coins to sell. Undecided

They wouldn't sell it on the exchanges anyway; and certainly those who bought them wouldn't sell them either. Except you're referring to something else, I don't know about.

hdbuck

legendary

Activity: 1260

Merit: 1002

imho, plenty of time to 'test' new supports because FBI does not have more coins to sell. Undecided

klee

legendary

Activity: 1498

Merit: 1000

Just wanted to clarify that currently I am not more bullish than bearish (the situation can turn very bad if we don't hit the above targets).

The first post today was to answer about the consequences from the big dump at Bitfinex (because I saw a triple top break there as a good buying opportunity).

It will be tough to break 2900 again, but IMO 2625, 2700 and 2870 are the key price targets.

8up

hero member

Activity: 618

Merit: 500

thx for your updates. appreciate it very much.

klee

legendary

Activity: 1498

Merit: 1000

For the record, the catapult is only in Bitfinex (noise?).

2625 is an ascending triple top break in BTCChina though.

Huobi data not available due to worst API ever, OKCoin too much noise.

BTCChina is my pick (both for data and for trading) for various reasons in general.

In the daily charts I will probably start using Coindesk's index soon (both for USD & CNY).

A lot of ~~changes~~ optimisations will happen at CryptXO, this market is full of little secrets, you have to look at the market from many PoVs (for example we have a very strong support & resistance in a certain Bitstamp PnF setup which are like walls since the last ATH and 155 low).

klee

legendary

Activity: 1498

Merit: 1000

Hey guys, apologies but it is tough to keep up at weekends (family comes first).

Long story short all is good.

Bitfinex is so illiquid and hysterical that it managed to break the bullish support of the 1%x3 1D HL but did not give a sell.

China is holding it like a king though and now we have the daily charts getting squeezed (triangle) between the very strong main bullish supports and the bearish resistances that kept building up.

~~394~~ 395 very strong buy (edit: catapult).

2625 is the relevant price in BTCChina, 2700+ moon.

Wexlike

legendary

Activity: 1473

Merit: 1086

Just look at his latest PnF chart, support was at 371$ but it broke through. But I think in his 1 day timeframe it doesn't invalidate the chart, depending when the day closed.

Okurkabinladin

hero member

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Any updates? Did we break down are are we still locked in triangle?

klee

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Activity: 1498

Merit: 1000

Quote from: Gillette on February 04, 2016, 10:02:20 AM

Quote from: klee on February 04, 2016, 09:42:57 AM

Triple top break!

It took some more drama but it happened as expected.

Bitfinex 1D HL 1%x3

This support now is very strong, it was tested almost 3 times.

Price Objective (horizontal count) is 410.

I was sure you would update the prediction after this bump Wink

I think it`s time to go up!

I would do the same if it was a sell, because it would be a very strong signal too.

Actually I advised my subscribers to be 100% alert because either way we would have a very strong signal.

I was long but I had a stop at 365 (trendline violation) and I would have shorted in case of a breakdown.

Gillette

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Activity: 744

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Quote from: klee on February 04, 2016, 09:42:57 AM

Triple top break!

It took some more drama but it happened as expected.

Bitfinex 1D HL 1%x3

This support now is very strong, it was tested almost 3 times.

Price Objective (horizontal count) is 410.

I was sure you would update the prediction after this bump Wink

I think it`s time to go up!

klee

legendary

Activity: 1498

Merit: 1000

Key here are 3 things:

1) Higher lows
2) Bounce in the main bullish support
3) Triple top break

All these makes it a very strong signal.

klee

legendary

Activity: 1498

Merit: 1000

Triple top break!

It took some more drama but it happened as expected.

Bitfinex 1D HL 1%x3

This support now is very strong, it was tested almost 3 times.

Price Objective (horizontal count) is 410.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: klee on January 31, 2016, 05:25:53 AM

I am long $BTC here with a stop at 357$.

Long term long (investing).

Not suggesting anything.

My analysis though says it is a very good entry point and we have a pretty close stop (I will sell manual in a higher price of 357 if I can, in case this goes bad).

Bitfinex prices.

Quote from: klee on February 01, 2016, 03:52:31 PM

Breaking 365 now will take us in a bear market according to one of my daily charts.

The other daily chart (more long term one) is becomes bearish at 320.

But we may bounce for good here because in the first chart we hit the main bullish support and in the second we have a bullish support here too (though it's main bullish support is in the 321-335 area).

These are TRENDlines though (45 degree lines), we have horizontal support as always too.

Though below 320 longs are not recommended.

383$ would be the first bear blood.

Bitfinex 1D HL 1%x3

klee

legendary

Activity: 1498

Merit: 1000

Breaking 365 now will take us in a bear market according to one of my daily charts.

The other daily chart (more long term one) is becomes bearish at 320.

But we may bounce for good here because in the first chart we hit the main bullish support and in the second we have a bullish support here too (though it's main bullish support is in the 321-335 area).

These are TRENDlines though (45 degree lines), we have horizontal support as always too.

Though below 320 longs are not recommended.

383$ would be the first bear blood.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

We're in a very decisive point regarding USD/BTC pair. The trend -as always- will decide if we cross 400 within the next 24h or head back to 320 area. You may want to look for China opening within the next couple of hours, I have a feeling that the negative rates from Japan won't make their situation regarding CNY devaluation better... Roll Eyes