Waiting for drop to 200MA (250 USD).
Most probably yes. Interesting to see after that what will happen, how far it can go upwards. 
Topic: PnF TA - page 71. (Read 190664 times)
Waiting for drop to 200MA (250 USD).
CLOSE 1d:
Support 244-252$
HL:
Seems we found some support between the 2 green lines (256 & 264) and the bearish support (we actually came almost over it - it is at 260, we went down to 260.62).
Maybe a bounce here.
Support 244-252$
HL:
Seems we found some support between the 2 green lines (256 & 264) and the bearish support (we actually came almost over it - it is at 260, we went down to 260.62).
Maybe a bounce here.
Which is why TPTB_needs war, bitcoin is still valuable in a fin collapse despite non-anonymity. As long as it is an accessible asset class, that is enough for panic clamor.
Agreed. I am thinking that a serious anonymous altcoin with a $1 million market cap is going to see much higher rates of appreciation than Bitcoin with a $billion marketcap.
Some people are going to want both the private asset and for it to truly be private. The majority may go for Bitcoin first, but with 1% of the people choosing the more private asset, then with 0.1% ratio of market caps, then the smaller cap should have 10X greater appreciation.
It is simple mathematics.
As far as I'm concerned, the ongoing fascination with the 'anonymous' features of currencies like Dash and Monero is holding the crypto community back. If you really want a private asset then don't have one that can't function without the internet. When more people awaken to how institutions have been abusing them and will keep on doing so, they are more likely to get angry and shove it in people's faces that they are getting on board with something new. So something like Potcoin could be a dark horse that takes a big market share sometime in the future. This whole 'We want a revolution but we don't want to show our faces' movement has had its moment and died on the vine. The next phase, and one far more effective in instigating change, could be fuelled by Joe Citizen angry when he realizes that the FDA has known that cannabis slows tumor growth since the 70s, while corporate powers are secretly getting behind tech that they know accelerates tumor growth, like microwave radiation.
Which is why TPTB_needs war, bitcoin is still valuable in a fin collapse despite non-anonymity. As long as it is an accessible asset class, that is enough for panic clamor.
Agreed. I am thinking that a serious anonymous altcoin with a $1 million market cap is going to see much higher rates of appreciation than Bitcoin with a $billion marketcap.
Some people are going to want both the private asset and for it to truly be private. The majority may go for Bitcoin first, but with 1% of the people choosing the more private asset, then with 0.1% ratio of market caps, then the smaller cap should have 10X greater appreciation.
It is simple mathematics.
good point. cant argue
Which is why TPTB_needs war, bitcoin is still valuable in a fin collapse despite non-anonymity. As long as it is an accessible asset class, that is enough for panic clamor.
Agreed. I am thinking that a serious anonymous altcoin with a $1 million market cap is going to see much higher rates of appreciation than Bitcoin with a $billion marketcap.
Some people are going to want both the private asset and for it to truly be private. The majority may go for Bitcoin first, but with 1% of the people choosing the more private asset, then with 0.1% ratio of market caps, then the smaller cap should have 10X greater appreciation.
It is simple mathematics.
264$ - maybe we will find support here:
BTC MUST NOT follow Gold and this seems NOT to be the case now...
I think they are roughly correlated in terms of general direction, so if you correlate them with smoothing filter, you get very high correlation.
But they are noisy in short-term and fall out of correlation.
Also BTC is apparently much more volatile than gold.
You are trying to focus in on much shorter-term moves in price action.
We may go up or down short-term, but over next months we are going much lower.
agree. Gold and BTC correlate long term IMO. Volatility may vary, but betting on gold long term is same basket as BTC.
Which is why TPTB_needs war, bitcoin is still valuable in a fin collapse despite non-anonymity. As long as it is an accessible asset class, that is enough for panic clamor.
now we watch $263 - $249
Edit* range of MA's and EMAs around this zone for potential rebounds
Interesting crosses coming up on different chart times. MAs and EMAs.
I still feel bullish.
Edit* range of MA's and EMAs around this zone for potential rebounds
Interesting crosses coming up on different chart times. MAs and EMAs.
I still feel bullish.
Bitcorn...
XMR is on this setup too!
I am out of base so I can't reach my tools & charts but if we take hitbtc at TV (not very represantative but does the trick):
Double top failure at about 0.0034.
Also at 0.005.
At 0.003 though we have a breakout plus breaking 2 resistances so it is a nice buy signal. But not much profit up to 0.0035 where I expect an horizontal tough resistance (double top failure)
EDIT: Also the setup was very bearish, triple bottom break and then another double bottom (which led to lower lows formation too). Α buy signal after this maybe a bull trap, so I would wait at least for 2 more Xs so we clear resistances and minimize the chances of a trap (more easy to get traped with only 1 box movement after a breakout/breakdown, usually if you wanna be more safe you wait for another box). Finally, there was no reason for me to buy at 0.0018 (catch the falling knife) but at 0.001 we have a nice double bottom.
Double top failure at about 0.0034.
Also at 0.005.
At 0.003 though we have a breakout plus breaking 2 resistances so it is a nice buy signal. But not much profit up to 0.0035 where I expect an horizontal tough resistance (double top failure)
EDIT: Also the setup was very bearish, triple bottom break and then another double bottom (which led to lower lows formation too). Α buy signal after this maybe a bull trap, so I would wait at least for 2 more Xs so we clear resistances and minimize the chances of a trap (more easy to get traped with only 1 box movement after a breakout/breakdown, usually if you wanna be more safe you wait for another box). Finally, there was no reason for me to buy at 0.0018 (catch the falling knife) but at 0.001 we have a nice double bottom.
Holy shit, just realised that the catapult scenario came true but in a bear mode!
BTC MUST NOT follow Gold and this seems NOT to be the case now...
I think they are roughly correlated in terms of general direction, so if you correlate them with smoothing filter, you get very high correlation.
But they are noisy in short-term and fall out of correlation.
Also BTC is apparently much more volatile than gold.
You are trying to focus in on much shorter-term moves in price action.
We may go up or down short-term, but over next months we are going much lower.
EDIT: A countertrend rally up to 290 is still possible.
BTC MUST NOT follow Gold and this seems NOT to be the case now...
I think they are roughly correlated in terms of general direction, so if you correlate them with smoothing filter, you get very high correlation.
But they are noisy in short-term and fall out of correlation.
Also BTC is apparently much more volatile than gold.
You are trying to focus in on much shorter-term moves in price action.
We may go up or down short-term, but over next months we are going much lower.
hodlmybtc, the only XMR chart they have on Tradingview is the Hitbtc, so that's why.
Thanks for the charts klee! Great job as usual.
If you have the time please update the XMR chart with a Poloniex one, as you said HitBTC isn´t representative and it´s a very shady exchange so I wouldn´t advise anyone to trade there.
Cheers!
If you have the time please update the XMR chart with a Poloniex one, as you said HitBTC isn´t representative and it´s a very shady exchange so I wouldn´t advise anyone to trade there.
Cheers!
There are still people left who look at bitfinex fake walls ? It's just one whale who makes always the same moves.
Edit: You can even see him right now taking out walls just to scare weak hands. I could see walls all the way down to 80$ on bitfinex. Yeah, scary as hell.
Edit: You can even see him right now taking out walls just to scare weak hands. I could see walls all the way down to 80$ on bitfinex. Yeah, scary as hell.
Perhaps the guy (or entity) was a NY resident.
Can't tell but most probably we will CLOSE (be careful - NOT Low) above 245.
Possible HL supports are 265, 255, 240:
Possible HL supports are 265, 255, 240:
Jump to: