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.
Topic: PnF TA - page 82. (Read 190664 times)
Just closed the long. Still looks weak, we need more volume...
Sell off in btc-e continues, soon arbitrage will take other exchanges at 265 too.
A scalp long there (263$, stoploss 260$) is good trade IMO.
A scalp long there (263$, stoploss 260$) is good trade IMO.
Think you are right here.
Shorts closed. Opened a small long just in case the storm is over...
However. Bought today, also. Same reasoning.
Shorts closed. Opened a small long just in case the storm is over...
Sell off in btc-e continues, soon arbitrage will take other exchanges at 265 too.
A scalp long there (263$, stoploss 260$) is good trade IMO.
A scalp long there (263$, stoploss 260$) is good trade IMO.
Let me make this clear: Tripple bottom break AND bullish trend are INCOMPATIBLE!!!
Capish everyone? Cup & handle my ass...
Capish everyone? Cup & handle my ass...
I am opening small shorts in every bounce, bearish until >304$
Let's see bullish support now...
People opening longs at 275 may get seriously burned - why do it?
280$ broke VERY hard, there are 0 chances it will be reversed from just 5$ away...
EDIT: Bid at 263$, stoploss 260$
280$ broke VERY hard, there are 0 chances it will be reversed from just 5$ away...
EDIT: Bid at 263$, stoploss 260$
Thank you for your kind words!
A lot of people are interested in XMR and so am I, that's why I already do PnF analysis about it (also for XRP, STR, MAID, SJCX, DASH, SDC, NXT & BTS).
But I had to start a whole project because TradingView does not include data from Poloniex & Bittrex.
So I am about to launch a project that will offer PnF charts for alts and also signals & analysis.
It has to be with a subscription though because I pay 2 devs to implement this and a lot of my personal time too.
Long term I will maybe provide a trading bot based on PnF, indexes based on alts, relative strength charts for alts (so you know which alt is rallying or falling harder), bullish percentage indicator for cryptos sector, relative strength charts for btc with other assets (SP500, gold, DAX, ETFs, etc).
Finally I will provide more PnF patterns (see here for an example: http://stockcharts.com/def/servlet/SC.scan , P&F Patterns) for BTC & alts, log and percentage scale charts etc (TV does not provide log scale charts - also some indicators are not displayed correctly and 1box reversal charts are wrong).
If anyone is interested please PM me.
A lot of people are interested in XMR and so am I, that's why I already do PnF analysis about it (also for XRP, STR, MAID, SJCX, DASH, SDC, NXT & BTS).
But I had to start a whole project because TradingView does not include data from Poloniex & Bittrex.
So I am about to launch a project that will offer PnF charts for alts and also signals & analysis.
It has to be with a subscription though because I pay 2 devs to implement this and a lot of my personal time too.
Long term I will maybe provide a trading bot based on PnF, indexes based on alts, relative strength charts for alts (so you know which alt is rallying or falling harder), bullish percentage indicator for cryptos sector, relative strength charts for btc with other assets (SP500, gold, DAX, ETFs, etc).
Finally I will provide more PnF patterns (see here for an example: http://stockcharts.com/def/servlet/SC.scan , P&F Patterns) for BTC & alts, log and percentage scale charts etc (TV does not provide log scale charts - also some indicators are not displayed correctly and 1box reversal charts are wrong).
If anyone is interested please PM me.
Ah I see, you can vote here to let TV add Polo: https://getsatisfaction.com/tradingview/topics/add-https-www-poloniex-com-to-the-bitcoin-related-exchanges.
I doubt I will pay for subscription at the moment because of my trading bankroll and skills (pretty new to trading), but I wish you good luck with your project and keep up the good work!
I understand on your hesitation regarding the subscription but PM me your email in any case...
EDIT: Also I am not sure if I can get patterns out of TV charts and scan all alt coins in an automated way
Thank you for your kind words!
A lot of people are interested in XMR and so am I, that's why I already do PnF analysis about it (also for XRP, STR, MAID, SJCX, DASH, SDC, NXT & BTS).
But I had to start a whole project because TradingView does not include data from Poloniex & Bittrex.
So I am about to launch a project that will offer PnF charts for alts and also signals & analysis.
It has to be with a subscription though because I pay 2 devs to implement this and a lot of my personal time too.
Long term I will maybe provide a trading bot based on PnF, indexes based on alts, relative strength charts for alts (so you know which alt is rallying or falling harder), bullish percentage indicator for cryptos sector, relative strength charts for btc with other assets (SP500, gold, DAX, ETFs, etc).
Finally I will provide more PnF patterns (see here for an example: http://stockcharts.com/def/servlet/SC.scan , P&F Patterns) for BTC & alts, log and percentage scale charts etc (TV does not provide log scale charts - also some indicators are not displayed correctly and 1box reversal charts are wrong).
If anyone is interested please PM me.
A lot of people are interested in XMR and so am I, that's why I already do PnF analysis about it (also for XRP, STR, MAID, SJCX, DASH, SDC, NXT & BTS).
But I had to start a whole project because TradingView does not include data from Poloniex & Bittrex.
So I am about to launch a project that will offer PnF charts for alts and also signals & analysis.
It has to be with a subscription though because I pay 2 devs to implement this and a lot of my personal time too.
Long term I will maybe provide a trading bot based on PnF, indexes based on alts, relative strength charts for alts (so you know which alt is rallying or falling harder), bullish percentage indicator for cryptos sector, relative strength charts for btc with other assets (SP500, gold, DAX, ETFs, etc).
Finally I will provide more PnF patterns (see here for an example: http://stockcharts.com/def/servlet/SC.scan , P&F Patterns) for BTC & alts, log and percentage scale charts etc (TV does not provide log scale charts - also some indicators are not displayed correctly and 1box reversal charts are wrong).
If anyone is interested please PM me.
Ah I see, you can vote here to let TV add Polo: https://getsatisfaction.com/tradingview/topics/add-https-www-poloniex-com-to-the-bitcoin-related-exchanges.
I doubt I will pay for subscription at the moment because of my trading bankroll and skills (pretty new to trading), but I wish you good luck with your project and keep up the good work!
Triple top/bottom break is very strong signal, I doubt 275 support will hold.
Sell signal:
But on support line. Be careful anyway you trade..
LTC sell signal too:
But on support line. Be careful anyway you trade..
LTC sell signal too:
Interesting.
Following
Following
BTC triple bottom at 284$. If it holds extremely bullish. If it breaks (280$) very strong sell signal.
Resistance 288-292 & 300-304$. Bullish trend broken at 260$.
LTC double bottomed. Sell at 3.5$. Resistance 4.75-5$. Support 2.75-3.25$. Trend broken at 2.5$
Resistance 288-292 & 300-304$. Bullish trend broken at 260$.
LTC double bottomed. Sell at 3.5$. Resistance 4.75-5$. Support 2.75-3.25$. Trend broken at 2.5$
Klee, what do you think about butcoin's price in 5 - 10 years from now ?
0 or above 50K usdAlso it is a common mantra. I'd like to approve that. Besides bitcoin, there will be many coins as secure as bitcoin is today with valuation around 1k to 5k per unit! They serve mainly as securty backup and as a natural corrective to the reigning chain.
Klee, what do you think about butcoin's price in 5 - 10 years from now ?
0 or above 50K usd 
Klee, what do you think about butcoin's price in 5 - 10 years from now ?
We may get another bounce up for a double-top at $320 ($315 realizable trade)?
By borrowing BTC and selling on bitfinex. The leverage you can get is dependent on how much % over your selling price you want to hold a reserve to prevent a margin call.
I almost did it, but decided I have better upside in what I am working on. So it wasn't worth the risk to me (not only unexpected volatility to the upside, also bitfinex solvency or the market price moving faster than bitfinex can execute margin calls), but in your case depending how desperate you are, it might be worth the risk if we bounce up again before declining.
I am fairly certain we will decline, but I can't be sure we won't see prices above $320 and below $400 before going down. Above $400, I would declare myself incorrect and eat the losses.
Some people said you can trade on bitfinex and even sell for $usd without doing KYC as long as you don't withdraw fiat. I didn't want to risk that, because it appears it is a discretionary policy.
True.By borrowing BTC and selling on bitfinex. The leverage you can get is dependent on how much % over your selling price you want to hold a reserve to prevent a margin call.
I almost did it, but decided I have better upside in what I am working on. So it wasn't worth the risk to me (not only unexpected volatility to the upside, also bitfinex solvency or the market price moving faster than bitfinex can execute margin calls), but in your case depending how desperate you are, it might be worth the risk if we bounce up again before declining.
I am fairly certain we will decline, but I can't be sure we won't see prices above $320 and below $400 before going down. Above $400, I would declare myself incorrect and eat the losses.
Some people said you can trade on bitfinex and even sell for $usd without doing KYC as long as you don't withdraw fiat. I didn't want to risk that, because it appears it is a discretionary policy.
Possible. IMO after 320 we will test 450-475 - this is the last test.. If we break 500$ the train has left for good for new ATH. So maybe we need to visit this price before a possible new bear market to double digits.
Do you have an expected time frame to break through 500 ?
I would not be surprised if this take min 2-3 days and up to 2-3 weeks.
But this is wild ass speculation
We may get another bounce up for a double-top at $320 ($315 realizable trade)?
By borrowing BTC and selling on bitfinex. The leverage you can get is dependent on how much % over your selling price you want to hold a reserve to prevent a margin call.
I almost did it, but decided I have better upside in what I am working on. So it wasn't worth the risk to me (not only unexpected volatility to the upside, also bitfinex solvency or the market price moving faster than bitfinex can execute margin calls), but in your case depending how desperate you are, it might be worth the risk if we bounce up again before declining.
I am fairly certain we will decline, but I can't be sure we won't see prices above $320 and below $400 before going down. Above $400, I would declare myself incorrect and eat the losses.
Some people said you can trade on bitfinex and even sell for $usd without doing KYC as long as you don't withdraw fiat. I didn't want to risk that, because it appears it is a discretionary policy.
True.By borrowing BTC and selling on bitfinex. The leverage you can get is dependent on how much % over your selling price you want to hold a reserve to prevent a margin call.
I almost did it, but decided I have better upside in what I am working on. So it wasn't worth the risk to me (not only unexpected volatility to the upside, also bitfinex solvency or the market price moving faster than bitfinex can execute margin calls), but in your case depending how desperate you are, it might be worth the risk if we bounce up again before declining.
I am fairly certain we will decline, but I can't be sure we won't see prices above $320 and below $400 before going down. Above $400, I would declare myself incorrect and eat the losses.
Some people said you can trade on bitfinex and even sell for $usd without doing KYC as long as you don't withdraw fiat. I didn't want to risk that, because it appears it is a discretionary policy.
Possible. IMO after 320 we will test 450-475 - this is the last test.. If we break 500$ the train has left for good for new ATH. So maybe we need to visit this price before a possible new bear market to double digits.
Do you have an expected time frame to break through 500 ?
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