Support 264-292, bullish support broken at 260$
Topic: PnF TA - page 83. (Read 190664 times)
Support 264-292, bullish support broken at 260$
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.
Hey klee, love your charts, it was a bit hard to understand at first but S/R levels seem really good.
Any chance you can post an XMR chart?
Cheers!
Thank you for your kind words!Any chance you can post an XMR chart?
Cheers!
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.
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.
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.
Keep calling for 150 based on global macroeconomics which have nought to do with bitcoin prices..
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.
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 $usd without doing KYC as long as you don't withdraw fiat. I didn't want to risk that, because it appears it is a discretionary policy.
Hey klee, love your charts, it was a bit hard to understand at first but S/R levels seem really good.
Any chance you can post an XMR chart?
Cheers!
Any chance you can post an XMR chart?
Cheers!
BTCe LTCUSD:
We made a reversal up to 5.25$ and then fell back to support of 4.25$. Now resistance is at 4.75-5$.
The triangle will have to break either upwards (buy signal at 5.5$) or downwards (sell signal 3.5$) so we test the 2.75-3.25$ support.
At 2.5$ we are in bearish trend...
We made a reversal up to 5.25$ and then fell back to support of 4.25$. Now resistance is at 4.75-5$.
The triangle will have to break either upwards (buy signal at 5.5$) or downwards (sell signal 3.5$) so we test the 2.75-3.25$ support.
At 2.5$ we are in bearish trend...
Litecoin pls? 
If we hold this double bottom it will be bullish. Resistance 308-312. Reversal at 296$
If we go 280 it will be the first sell signal since the drop to 223$.
If we go 280 it will be the first sell signal since the drop to 223$.
Under normal circumstances, worst case scenario IMO is 235-236$, 240$ should be a solid closing day price.
Sold at 310 - time to check TPTB's theory
(Though I would sell there anyway, 320 is an important resistance)
(Though I would sell there anyway, 320 is an important resistance)
Missed emotions on his theory
1) In October $150 sounds low - we will be closer to having 14.75M Bitcoins minted where I think a lot of the glut will be removed prior to halving
2) IF Greece gets funds available I instantly would buy 1-5% of my net worth just incase again
3) I agree I expect to see a housing market correction especially in US but I also think there is places in the US that is headed (already in recession) and I am in one of them - and the industries they provided helped out since 2008.
**I am not a trader - just a buyer and HODLer **
I do agree with TPTB - Cash is still King right now
Trade well my friend
TPTB theory seems quite legit. 150 possible, but unlikely. bitcoin is different and as far as i know, armstrong didn't make a prediction explicitly mentioning bitcoin. did he?
Sold at 310 - time to check TPTB's theory
(Though I would sell there anyway, 320 is an important resistance)
(Though I would sell there anyway, 320 is an important resistance)
Missed emotions on his theory
1) In October $150 sounds low - we will be closer to having 14.75M Bitcoins minted where I think a lot of the glut will be removed prior to halving
2) IF Greece gets funds available I instantly would buy 1-5% of my net worth just incase again
3) I agree I expect to see a housing market correction especially in US but I also think there is places in the US that is headed (already in recession) and I am in one of them - and the industries they provided helped out since 2008.
**I am not a trader - just a buyer and HODLer **
I do agree with TPTB - Cash is still King right now
Trade well my friend
Broken!
First line of defence (292$) is holding for the moment:
Sold at 310 - time to check TPTB's theory
(Though I would sell there anyway, 320 is an important resistance)
(Though I would sell there anyway, 320 is an important resistance)
NASDAQ president Adena Friedman:
https://www.linkedin.com/pulse/state-finance-digital-revolution-transforming-world-money-friedman
"Over the past 10 years, we have seen the emergence of very advanced Smart Beta Index ETFs —among them, Nasdaq’s own Dorsey Wright Focus Five Indexes. Dorsey Wright uses a relative-strength methodology, comparing a stock’s performance with that of the market as a whole; the inputs are created by humans, but the outputs determining the stocks that comprise the index are entirely computer-driven. With more than $8 billion in assets under management across the Dorsey Wright index ETFs, $45 billion across all of Nasdaq’s Smart Beta Indexes, and $365 billion overall across all U.S.-listed Smart Beta ETFs, the electronic investing methodology is clearly resonating with investors."
You know who Dorsey Wright is? This guy:
http://www.amazon.com/gp/product/B00E2QW6VO
http://dorseywright.com/
PnF does not work...
https://www.linkedin.com/pulse/state-finance-digital-revolution-transforming-world-money-friedman
"Over the past 10 years, we have seen the emergence of very advanced Smart Beta Index ETFs —among them, Nasdaq’s own Dorsey Wright Focus Five Indexes. Dorsey Wright uses a relative-strength methodology, comparing a stock’s performance with that of the market as a whole; the inputs are created by humans, but the outputs determining the stocks that comprise the index are entirely computer-driven. With more than $8 billion in assets under management across the Dorsey Wright index ETFs, $45 billion across all of Nasdaq’s Smart Beta Indexes, and $365 billion overall across all U.S.-listed Smart Beta ETFs, the electronic investing methodology is clearly resonating with investors."
You know who Dorsey Wright is? This guy:
http://www.amazon.com/gp/product/B00E2QW6VO
http://dorseywright.com/
PnF does not work...
LTC support 4 - 4.25$
Support [255,292]
Important thing to notice is the thick red Bearish Resistance line, from the last ATH (at about 1200$) - this is the resistance we keep failing to break.
If we break it, technically we won't be in bear market until a new bearish resistance line forms which we won't be able to penetrate.
Often, when this line is penetrated a bull market starts.
If we break it, technically we won't be in bear market until a new bearish resistance line forms which we won't be able to penetrate.
Often, when this line is penetrated a bull market starts.
FREE at last!!
https://bitcointalksearch.org/topic/m.11638842
A gentle reminder that according to PnF the bull market started when we broke 250$
$290 busted wide open here we go again, that was no bull trap
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