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Topic: PnF TA - page 81. (Read 190686 times)

klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 22, 2015, 04:37:29 AM
#237
Quote from: RAJSALLIN on July 22, 2015, 04:33:30 AM
Quote from: klee on July 22, 2015, 03:28:02 AM
Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.

Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!

What's your time frame for gold and btc bottom? October isn't far away if they will coincide with Armstrong/anonymint predictions. Either we some serious **** take place soon or the bottom will be later imo.
Bear markets tend to be faster than bull ones, so maybe 1-2 years for Gold, maybe more. Not easy fot a market cap of this size to move so fast as BTC.

BTC if closes below 230 will need at most 1.5 months IMO to hit bottom. So in this case Armstrong is correct. Not sure he will be for Gold though. But stranger things have happened...

RAJSALLIN
hero member
Activity: 665
Merit: 500
Re: PnF TA
July 22, 2015, 04:33:30 AM
#236
Quote from: klee on July 22, 2015, 03:28:02 AM
Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.

Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!

What's your time frame for gold and btc bottom? October isn't far away if they will coincide with Armstrong/anonymint predictions. Either we some serious **** take place soon or the bottom will be later imo.
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 22, 2015, 04:17:02 AM
#235
Quote from: Natalia_AnatolioPAMM on July 22, 2015, 04:11:34 AM
Quote from: klee on July 21, 2015, 10:56:00 PM
IMO if we hold here 284$ is a strong buy.

I hope so much that's the scenario that will happen
Support at 275 is very strong but the whales will have to buy a LOT of coins to keep the price above!

Interesting battle..
Natalia_AnatolioPAMM
full member
Activity: 280
Merit: 100
Re: PnF TA
July 22, 2015, 04:11:34 AM
#234
Quote from: klee on July 21, 2015, 10:56:00 PM
IMO if we hold here 284$ is a strong buy.

I hope so much that's the scenario that will happen
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 22, 2015, 03:28:02 AM
#233
Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.

Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 10:56:00 PM
#232
IMO if we hold here 284$ is a strong buy.
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 10:55:01 PM
#231
Quote from: bassclef on July 21, 2015, 10:51:59 PM
Quote from: klee on July 21, 2015, 09:42:02 PM
Guys don't waste your time in TV chat. Most there are losers.

The less a chart shows the more you get. Been warning all you for days!

(Damn, I start to sound like TPTB Tongue )

I banned myself from all chats and trollboxes long ago. My trading stash is much better for it Wink
Lost money in the past from troll boxes, best move to do is what you did!  Cool
bassclef
hero member
Activity: 924
Merit: 1000
Re: PnF TA
July 21, 2015, 10:51:59 PM
#230
Quote from: klee on July 21, 2015, 09:42:02 PM
Guys don't waste your time in TV chat. Most there are losers.

The less a chart shows the more you get. Been warning all you for days!

(Damn, I start to sound like TPTB Tongue )

I banned myself from all chats and trollboxes long ago. My trading stash is much better for it Wink
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 09:42:02 PM
#229
Guys don't waste your time in TV chat. Most there are losers.

The less a chart shows the more you get. Been warning all you for days!

(Damn, I start to sound like TPTB Tongue )
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 02:46:37 PM
#228
Triple bottom break in action:

http://stockcharts.com/freecharts/pnf.php?c=%24GOLD,PGTBDANRNO[PA][D][F1!3!!!2!20]
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 09:22:32 AM
#227
Quote from: Fakhoury on July 21, 2015, 09:19:04 AM
Klee, why you want to go down to 260/245 when we have a strong bullish support at 275 ?
This is a hypothesis, a scenario.

I will buy at bullish support if we fall or if we break 284.
Fakhoury
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
Re: PnF TA
July 21, 2015, 09:19:04 AM
#226
Klee, why you want to go down to 260/245 when we have a strong bullish support at 275 ?
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 08:45:59 AM
#225
Quote from: TPTB_need_war on July 21, 2015, 08:41:24 AM
Quote from: klee on July 21, 2015, 07:02:13 AM
Probably we will test bullish support line (264-268).

Let's see if it holds...

I'd closeout recent longs (purchased in the $260s) but not enter a leveraged short (if short-term trading):

http://www.newsbtc.com/2015/07/21/bitcoin-price-technical-analysis-for-2172015-wide-divergences/

Volatility will increase, so take the major part of the move and then stand back for pressure to build again. Model it akin to a spring.

Note I am short until Octoberish. I sold BTC at $300 - $315 because I am not day trading nor am I trying to gain leverage by margin trading.
Agree, all longs closed and no shorts unless a quick one if we break 260 (maybe down to 245).
TPTB_need_war
sr. member
Activity: 420
Merit: 262
Re: PnF TA
July 21, 2015, 08:41:24 AM
#224
Quote from: klee on July 21, 2015, 07:02:13 AM
Probably we will test bullish support line (264-268).

Let's see if it holds...

I'd closeout recent longs (purchased in the $260s) but not enter a leveraged short (if short-term trading):

http://www.newsbtc.com/2015/07/21/bitcoin-price-technical-analysis-for-2172015-wide-divergences/

Volatility will increase (remember we started this rally off a low in volatility in the lower $200s), so take the major part of the move and then stand back for pressure to build again. Model it akin to a spring.

Note I am short until Octoberish. I sold BTC at $300 - $315 because I am not day trading nor am I trying to gain leverage by margin trading.
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 07:02:13 AM
#223
Probably we will test bullish support line (264-268).

Let's see if it holds...
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 21, 2015, 05:05:07 AM
#222
http://www.pointandfigure.com/topic/56-advantages-of-point-and-figure-chart/

If you like patterns in charts, this is the best TA method, period.
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 20, 2015, 08:45:58 PM
#221
If we break 284 we will test 290-295 in very short time.
If we fail at 284 not sure what's next.
Fakhoury
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
Re: PnF TA
July 20, 2015, 03:31:42 PM
#220
Klee, sideways as result as Inca said, or the bullish side is stronger ?
inca
legendary
Activity: 1176
Merit: 1000
Re: PnF TA
July 20, 2015, 02:50:50 PM
#219
Sideways, then. Smiley
klee
legendary
Activity: 1498
Merit: 1000
Re: PnF TA
July 20, 2015, 02:18:41 PM
#218
Quote from: klee on July 20, 2015, 01:42:03 PM
People buying at the supports but not at the resistances (to break them).
Still no trend reversal.
China wants down.
Tripple bottom break intact and 1-2 boxes away from bullish support (264-268).

Bearish.
On the other hand:

Price 'failed' to even reach bullish support and seemd that 275 is solid.
Big bid walls at Finex & Stamp.
Price when falling is on low volume.

Bullish.
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