So... who sold at 276.xx??  |
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IF we bounce on the bullish support it is usually a big move - like a tennis ball hiting a wall. So the triple top breakout is almost guaranteed providing extra fuel to the rocket. What can be more bullish? This:  |
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So... who sold at 276.xx?? |
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Yeah PSAR is great for big moves! I am not interested in peanuts, therefore I use only PSAR  You could use in combination a 1d CLOSE P&F chart, ideally log scale (not available at TV unfortunately). 2% box size. It is a setup ideal for long term investors. |
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An indicator that works WONDERS with P&F (even better than with bar, candles, line charts) is Bollinger Bands but can't use them properly @TV  I wish I had this properly setup for my analysis... |
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Yeah PSAR is great for big moves! |
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One of the few indicators that work properly with P&F @TV is PSAR. It is switching at about 239$:  |
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Ain't over yet guys, we need to pass Sunday without breaking the support. In that case probably on Monday we will start rising again. That psychofat is still hurting BTC after so many years. Price is irrelevant, he was a bad actor - he could be the new Google or something, damn idiot. LTC at 4$:  Tempted to buy the support (3.5-3.75). Your mid-and-long term sentiment is still Bullish, right klee ?
As long as we keep 270s I am bullish but we need a new breakout at 300 soon or we will revisit 240-250. |
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Klee, it looks that market is stabilizing now. Congratulate for perfect buy.
Thx man, I hope you did not take seriously my trolling! Congratulations to you too for sticking to plan and not affected by emotion  |
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TradingView has a lot of errors in displaying correctly some features of P&F (eg 1 box reversal charts) and indicators (MAs, Donchian channels, etc).
Be careful when you use it...
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It is worth mentioning that since it's formation (252 breakout) our bullish support has still to be tested! Right now we are 1 box higher.
Wooha, almost hit! 276.56$ Where you have your bullish support? 276 and it could go even down to 270. At 268 is broken on the 4$ box size HL chart. The selling will have to intensify to get through the mountain on the bid side, if real. This low volume drift won't cut it. Probably not, unless we got some bearish news (FBI auction etc.) BTW, does anyone knows if this pychofat Karpeles has still his private stash? |
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It is worth mentioning that since it's formation (252 breakout) our bullish support has still to be tested! Right now we are 1 box higher.
Wooha, almost hit! 276.56$ Where you have your bullish support? 276 and it could go even down to 270. At 268 is broken on the 4$ box size HL chart. |
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It is worth mentioning that since it's formation (252 breakout) our bullish support has still to be tested! Right now we are 1 box higher.
Wooha, almost hit! 276.56$ |
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Next stop 340-345  240-245 or reversal "U-Turn" ? If 272+ holds through the weekend, I expect a triple top breakout at 300$ which will be a huge anal pain for bears... Had to take this risk! That's the word! At the end.. we think the same Though I need to see this materializing because it could also turn very bad down to close support (244-255)... |
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Next stop 340-345 240-245 or reversal "U-Turn" ? If 272+ holds through the weekend, I expect a triple top breakout at 300$ which will be a huge anal pain for bears... Had to take this risk! |
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Next stop 340-345 |
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It is worth mentioning that since it's formation (252 breakout) our bullish support has still to be tested! Right now we are 1 box higher.
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