315 -> 125 -> 215 -> 75 -> 145
Topic: PnF TA - page 52. (Read 190669 times)
315 -> 125 -> 215 -> 75 -> 145
Bitcoin retest of 224$?
Not sure, there is support every 5$ down to 195$. 
Bitcoin retest of 224$?
BTSBTC & XRPBTC pairs added. Next are XRPUSD, XMRBTC & DASHBTC.
Done. 
bids are laoowww ^^
Alert that was send about 24h ago:
We may form a Broadening Formation in both BTC & LTC charts:
X
X
X
X
X
X X
X X 0 X
X 0 X 0 X
X 0 X 0 X
X 0 0 X
X 0
X
X
X
This is one of the two most powerful variations of the TRIPLE TOP pattern!!!
The last column has not yet provided a double top in our charts:
Some comments.
1) BTC
The pattern completes at the breakout at 248$ but we have heavy resistance there - I would wait at least for 250$ to enter, which will clear ALL bearish resistances.
We have one bullish resistance though up to 252$. Usually, in a bull market, the first bullish resistance is violated and the asset stops (take profit?) at the second, which is at 268-270 now (makes sense).
What all these tell me and in combination with the medium term analysis of the market (bearish as long as we stay below 255-260) is that it will be very bullish for BTC to complete this pattern but one should be very careful when to buy because we are still bearish, lots of resistances, BTC like bull/bear traps, etc
Long story short do not FOMO!
Entering down to 236-238 is very good regarding risk/reward, with a stop at 234.
If you manage to enter in these prices, take profit at around 248-252 for short/medium term traders or risk to close position at the 2nd bullish resistance at 268-270.
2) LTC at 3.2 is a clear buy - take profit 3.3-3.35 (low risk), 3.5-3.55 (medium risk), 3.75-3.8 (high risk).
Entering down to 2.9-2.925 is very good regarding risk/reward, with a stop at 2.8$.
Now the bad news - if this goes South and we get new O columns, we will end up with something like this:
X
X X 0
X 0 X 0
X 0 X 0 X
X 0 0 X 0
X 0 0
X 0
X 0
X
This is a bull trap, followed of both the Bearish Signal formation and the Triple Bottom formation combined into one.
The pattern after the bull trap (Bearish Signal formation and the Triple Bottom formation combined into one) contains the essential elements of both formations. It has both lower tops and lower bottoms plus the penetration of three bottoms. This pattern is not so frequent and when it does it is usually a very strong sell signal. It is profitable 83.3% of the time for an average gain of 22.9% (A.W. Cohen).
Now given that we have a bull trap before it...
We may form a Broadening Formation in both BTC & LTC charts:
X
X
X
X
X
X X
X X 0 X
X 0 X 0 X
X 0 X 0 X
X 0 0 X
X 0
X
X
X
This is one of the two most powerful variations of the TRIPLE TOP pattern!!!
The last column has not yet provided a double top in our charts:
Some comments.
1) BTC
The pattern completes at the breakout at 248$ but we have heavy resistance there - I would wait at least for 250$ to enter, which will clear ALL bearish resistances.
We have one bullish resistance though up to 252$. Usually, in a bull market, the first bullish resistance is violated and the asset stops (take profit?) at the second, which is at 268-270 now (makes sense).
What all these tell me and in combination with the medium term analysis of the market (bearish as long as we stay below 255-260) is that it will be very bullish for BTC to complete this pattern but one should be very careful when to buy because we are still bearish, lots of resistances, BTC like bull/bear traps, etc
Long story short do not FOMO!
Entering down to 236-238 is very good regarding risk/reward, with a stop at 234.
If you manage to enter in these prices, take profit at around 248-252 for short/medium term traders or risk to close position at the 2nd bullish resistance at 268-270.
2) LTC at 3.2 is a clear buy - take profit 3.3-3.35 (low risk), 3.5-3.55 (medium risk), 3.75-3.8 (high risk).
Entering down to 2.9-2.925 is very good regarding risk/reward, with a stop at 2.8$.
Now the bad news - if this goes South and we get new O columns, we will end up with something like this:
X
X X 0
X 0 X 0
X 0 X 0 X
X 0 0 X 0
X 0 0
X 0
X 0
X
This is a bull trap, followed of both the Bearish Signal formation and the Triple Bottom formation combined into one.
The pattern after the bull trap (Bearish Signal formation and the Triple Bottom formation combined into one) contains the essential elements of both formations. It has both lower tops and lower bottoms plus the penetration of three bottoms. This pattern is not so frequent and when it does it is usually a very strong sell signal. It is profitable 83.3% of the time for an average gain of 22.9% (A.W. Cohen).
Now given that we have a bull trap before it...
BTSBTC & XRPBTC pairs added. Next are XRPUSD, XMRBTC & DASHBTC.
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
What is the problem with slack? Anonymity?
yea no, just wondering.. its just open vs private source thing.
what would be te subscription rates?
Still working on the alt fees and the various other services (most of them are not ready anyway).
Also for any member here that has interacted in this thread.
yep, sounds good, altho im not sure i'd need a subscription, here is a tip to show support support..
(better tipping with btc whilst we still can.. ^^)
I plan to close DorseyWright, Updata, TradingView very long term, stockcharts, conquer the world, be the first trillionaire, live forever, etc etc
You are doing a lot for us really, Klee !!
I would like to thank you on my behalf and the behalf of others for being such a great person and a professional crypto-coiner.
Wish you all the best my friend
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
What is the problem with slack? Anonymity?
yea no, just wondering.. its just open vs private source thing.
what would be te subscription rates?
Still working on the alt fees and the various other services (most of them are not ready anyway).
Also for any member here that has interacted in this thread.
yep, sounds good, altho im not sure i'd need a subscription, here is a tip to show support support..
(better tipping with btc whilst we still can.. ^^)
I plan to close DorseyWright, Updata, TradingView very long term, stockcharts, conquer the world, be the first trillionaire, live forever, etc etc
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
What is the problem with slack? Anonymity?
yea no, just wondering.. its just open vs private source thing.
what would be te subscription rates?
Still working on the alt fees and the various other services (most of them are not ready anyway).
Also for any member here that has interacted in this thread.
yep, sounds good, altho im not sure i'd need a subscription, here is a tip to show support..
(better tipping with btc whilst we still can.. ^^)
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
What is the problem with slack? Anonymity?
yea no, just wondering.. its just open vs private source thing.
what would be te subscription rates?
Still working on the alt fees and the various other services (most of them are not ready anyway).
Also for any member here that has interacted in this thread.
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
What is the problem with slack? Anonymity?
yea no, just wondering.. its just open vs private source thing.
what would be te subscription rates?
Still working on the alt fees and the various other services (most of them are not ready anyway).
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
What is the problem with slack? Anonymity?
yea no, just wondering.. its just open vs private source thing.
what would be te subscription rates?
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
What is the problem with slack? Anonymity?
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
why not simply IRC? #pnf-bitcoin
Added ETHBTC & NXTBTC analysis..
https://pointfigure.slack.com/
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
I decided to add slack chat too, it will be a very important communication tool from now on, it is strongly advised to join.
In the future it will be probably the main tool for the subscribers, until I have a site.
Attention: Altcoins signals/charts will be posted ONLY there!
I will use the general channels for the time being, after the service stops being public I will invite the subscribers in private groups.
Email sent to subscribers, BIG Bitcoin & Litecoin move regardless of direction (very strong patterns in both directions)!!!
But the Apple chart is for a period of ~15 years, or am i too stupid to read the chart?
See the last X column, it starts from April this year...EDIT: Just saw it is basically a triple top!
But the Apple chart is for a period of ~15 years, or am i too stupid to read the chart?
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