Topic: PnF TA - page 38. (Read 190682 times)
If you convert your BTC to Ripple you`ll make a better profit for the coming weeks
This pump is okcoin bot induced. Imho the only question is when they'll turn it off.
Just wanted to share my thoughts on this (not PnF related).
I think these bots (Market Maker, whales, or whoever they are) generally respect the long term trend (currently bullish) and try to push traders in the opposite direction with smaller term trends.
So if it it trending upwards they try to scare holders where if it is bearish they try to make you buy on the resistances ('It will breakout!' - but you get dumped).
PS: The chart I posted was a short term one, just wanted to clarify this.
I concur taht bots are amplifying the market feeling, altho it also seems people are actually being dumped on from the 240/260 stealth accumulation phase as depicted by RyNinDaCleM
Anyway, wether it being willy bot or okcoin bot, volatility is good for trading
This pump is okcoin bot induced. Imho the only question is when they'll turn it off.
Just wanted to share my thoughts on this (not PnF related).
I think these bots (Market Maker, whales, or whoever they are) generally respect the long term trend (currently bullish) and try to push traders in the opposite direction with smaller term trends.
So if it it trending upwards they try to scare holders where if it is bearish they try to make you buy on the resistances ('It will breakout!' - but you get dumped).
PS: The chart I posted was a short term one, just wanted to clarify this.
Be careful for a bear trap.
So you contradict your previous analysis?
"Closing at 396 is a sell.
If we go sideways for 2-3 more columns we will probably go down too."
BTW the fulcrum pattern was obviously not completed and the 396 close did indeed gave lower prices. 390s holds for the moment.
This pump is okcoin bot induced. Imho the only question is when they'll turn it off.
Be careful for a bear trap.
So you contradict your previous analysis?
"Closing at 396 is a sell.
If we go sideways for 2-3 more columns we will probably go down too."
Be careful for a bear trap.
Awesome! Thanks
This one is better than ChartBuddy's hourly speculation of prices.
It had a detailed info about each of the initial and closing trade volumes.
Can you please make me understand how this one works?
No offence, but I just feel like it's a bigger version of Tic-Tac-Toe.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts:pnf_basicsIt had a detailed info about each of the initial and closing trade volumes.
Can you please make me understand how this one works?
No offence, but I just feel like it's a bigger version of Tic-Tac-Toe.
For the time being ignore the last charts, they are a special case (1 box reversal).
Read the basics in the link I posted.
This one is better than ChartBuddy's hourly speculation of prices.
It had a detailed info about each of the initial and closing trade volumes.
Can you please make me understand how this one works?
No offence, but I just feel like it's a bigger version of Tic-Tac-Toe.
It had a detailed info about each of the initial and closing trade volumes.
Can you please make me understand how this one works?
No offence, but I just feel like it's a bigger version of Tic-Tac-Toe.
Updated. Looking at it again I am bullish, we made a nice double bottom with higher lows*. Now the accumulation/distribution at 397-398 is more clear, I think we will soon breakout.
We have a last resistance in the 405 zone though.
*EDIT: Also a higher high.
Let me remind you that we're at the "pillow" that we fell on when we hit the $500 level. Eventhough I'd like to see some volume to support my claim, I'd bet my bitcoins that we go up to the next level...
The nice thing to follow is the LTC (which I personally thought that it would cover its losses much earlier). There's a strong buy signal if we cross $4.50-$4.90 area. Again, as I wrote above, this should be done with a significant volume too.
Cheers.
The nice thing to follow is the LTC (which I personally thought that it would cover its losses much earlier). There's a strong buy signal if we cross $4.50-$4.90 area. Again, as I wrote above, this should be done with a significant volume too.
Cheers.
hey klee! how about support? 388?
In case we fall we will visit at least the 388-390 closing prices. Below that I don't know, I would risk to say it will not hold.
hey klee! how about support? 388?
Bump in hopes of Klee reviving this essential thread 
Bitfinex 30M CLOSE 1x1
This is a fulcrum (continuation pattern). In order to confirm the pattern we need to keep on climbing in the right channel and close 30m at least at 402.
Closing at 396 is a sell.
If we go sideways for 2-3 more columns we will probably go down too.
Even closing at 399 would be a buy IMHO.
So it is 396 or 399
Bump in hopes of Klee reviving this essential thread
Nothing too significant for the weekend, we've predicted thus far and talked about it offline with Klee. This period was critical IMHO, in order for the price to go higher. Let's see what happens on Monday! 
I just entered again a bitcoin position at 368$. Not even worried if we go down again because of my +72% in the current bubble. I think I learned to stop being greedy in recent run-up, that is a valuable lesson.
Sell at 280 or 470(this might change). Part of my new bitcoins goes into cold storage. Thanks Klee for your PnF support.
Sell at 280 or 470(this might change). Part of my new bitcoins goes into cold storage. Thanks Klee for your PnF support.
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