LTC 4.25$:  |
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Bought some at 281 (Bitstamp) just in case the bottom is here (xx20-xx25 are S/R in China)
You are changing your mind like kid  I had a great teacher  |
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Bought some at 281 (Bitstamp) just in case the bottom is here (xx20-xx25 are S/R in China)
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Aren't you tired to call the bottom & fail?
When you will capitulate (244) is when the market will reverse...
I can not capitulate. Damn, that means that it will go to zero!!! Opening some shorts asap... |
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280$ hit:  I will buy the 272-276 and 264-266 areas, stop 262. |
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Aren't you tired to call the bottom & fail?
When you will capitulate (244) is when the market will reverse...
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Did you capitulate yet? I wanna buy!  |
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S/R in P&F is objective though..
I only read a little in P&F but from what I can see on your charts every trendline is 45 degrees? So it means that every trendline on a normal chart using P&F should be like the same slope up/down? Yes, trendlines (bullish support & resistances) are always 45 - there are of course the horizontal S/R too (lowest Os or highest Xs). So in order for a trend (eg bullish) to be held, whenever you change a column you need to be at least 1 box higher than the previous column. Ok thanks, I'll probably get PRO on TV soon, I'll at least test it for 30 days Do you watch P&F charts only now or both normal charts and P&F? Cheers! Mainly P&F but I use many classical indicators on them too (OBV, MACD, MA, etc) |
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S/R in P&F is objective though..
I only read a little in P&F but from what I can see on your charts every trendline is 45 degrees? So it means that every trendline on a normal chart using P&F should be like the same slope up/down? Yes, trendlines (bullish support & resistances) are always 45 - there are of course the horizontal S/R too (lowest Os or highest Xs). So in order for a trend (eg bullish) to be held, whenever you change a column you need to be at least 1 box higher than the previous column. |
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Posted already in another thread, the 2$ box reversal:  |
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S/R in P&F is objective though..
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What you found is the two supports in my chart that I used for my eyes only (until now)! Could not resist posting Why is everyone short on poor CAD?  |
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No worries guys - there is always Gold! |
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No more tea? Try fredo:  |
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4) Fall lower (box at 260). Bearish. Support at around 250. But be extremely careful with longs. If we close below 244 short every bounce. It is going sub 200s.
Why 244? Because in 1d CLOSE we are bullish down to there:  |
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It is not the same. - compare 50, 100, 200 MA on daily now and then. - compare 1w PSAR now & then Your zoom factor is not objective. Why 1d or why 1w? This is the problem with your TA, you see what you wanna see. What I see in both situations is double top failures, supply took over demand. The price is the ultimate truth. Go hide behind numbers & indicators to avoid the cold hard truth because you are long (I am still neutral). Yes proudly long 10BTC. You can hold them in cold storage/paper wallet without bothering at all IMO. Unless we break 210. |
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