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161
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Economy / Speculation / Re: PnF TA
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on: July 07, 2016, 12:59:45 PM
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Sorry was partly responding to your previous reply to me. XEM seems to have hit a wall and is falling back to 900, but I am asking about NXT rather than XEM!
2000 is very good support for NXT, unless BTC breaks 725 |
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162
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Economy / Speculation / Re: PnF TA
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on: July 07, 2016, 11:14:43 AM
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Where do you think the bottom is for NXT? Seems there is too much resistance at 2000 for XEM to make any serious advance.
So you ask for NXT or XEM? I am confused... |
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163
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Economy / Speculation / Re: PnF TA
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on: July 07, 2016, 07:03:34 AM
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To put it another way Kramer so you understand me:
See that double top in weekly RS? It was time to switch to XMR (especially after the reversal).
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164
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Economy / Speculation / Re: PnF TA
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on: July 07, 2016, 07:02:06 AM
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IMO market cap is a metric that is not important in printing BTC for you but maybe has some merit for the coin's fundamentals (people are interested etc).
If you have 2 BTC printing coins, you choose the stronger.
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165
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Economy / Speculation / Re: PnF TA
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on: July 07, 2016, 06:56:19 AM
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NXT bottomed recently.
XMR 1 year ago.
XMR will struggle to break 350k
NXT will go at least 5000k
The RS chart says NXT bottomed too.
Why should XMR go nuts? Because GUI?
NXT has an ICO going on and various big agreements will begin to come in light.
Recent peak in NXT is not just to get compared with XMRs peak (it was a spread double top too, so it is relatively safe to say that we know the XMR top, as we know that the NXT top is between 10k-15k). Try with NXT at 16k satoshi....
So let me put it right:
15k * 1bn = 15 trillion satoshi market cap for NXT
400k * 12m = 4.8 trillion satoshi (and I should have put less than 12m)
Go figure...
Why are you bringing fundamentals into this? Weren't we talking purely TA? RS chart shows triple bottom break with chances of catapult. I'd rather wait it out than buying NXT with my XMR. Everything else you've written is purely speculation that has no basis in TA. Sure, support and resistance levels are there, and doing their job, just until they're not, so I'd rather not make clean cut statements about tops and bottoms, because you never know. Good luck trading, as long as we're making more bitcorns, 'tsall good. edit: @macsga: I did bring another TA method into play, one which helps determine supply and demand probably much better than price does. XMR market sucked in millions of coins from the huge emission from the last years which speaks demand (grass-roots, manipulated, I don't know/care/can't gauge, but someone was there to buy those coins), NXT shows a 4 times smaller market cap in the same period which shouts "nobody wants this coin (for now)". Pretty simple if you think about it: demand => higher prices, lack of demand => uncertainty. edit2: how about a RS chart based on marketcap and not price? Would that be possible? I am bringing fundamentals because XMR 'sucked' all it had to suck while NXT 'leaked' all it had to leak. So market caps will reverse now (as weekly RS did, see below). The shorter term RS posted above shows that even when NXT bottomed was still stronger than XMR. Imagine now, that there is no NXT but Ardor, a new coin!! (Fundamentals again). You really thing XMR can compete (even in market cap RS) with a new coin FOMOing? Some fundamentals (new coin) ARE Technicals. One has to look at the individual P&F charts (NXTBTC, XMRBTC) too. NXT worst day was 900 satoshi, I am sorry for you but it WON'T go lower, not under these circumstances (fundamentals and TA). While XMR will struggle to break 300-350 area. So I don't see the catapult you are dreaming but a quadruple top break. Also, even after yesterday's NXT dump and XMR pump, RS is still the same. Furthermore, a better RS to watch is the weekly:  You play the column here (more long term chart). Now you should be in NXT, get over it. If I had the data I could do a market cap RS but not easy as you understand. In the future I will do stuff like this, now I have some other projects to finish.. All P&F charts at top look uber bullish, on bottom uber bearish (Dorsey Wright). Time for a reversal (weekly RS says so too). So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser? Play the winners. PS: You did not answer me on your trick to compare the 2 coins market caps in different tops (and not both on their ATH). |
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166
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Economy / Speculation / Re: PnF TA
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on: July 06, 2016, 09:32:35 PM
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I'm arguing that there are also different metrics that are useful to gauge which alt currency one should be in, if any.
My point is that NXT market cap was 3.7 times smaller at the recent peak compared to the ATH (in both price and market cap), while XMR's cap was 4 times higher at the recent peak, compared to when the price made the ATH. What this means both for the past and for the future, I will let you and the others readers figure out for yourselves.
Just make sure that you're in before that O column scratches your nice wooden floors.
NXT bottomed recently. XMR 1 year ago. XMR will struggle to break 350k NXT will go at least 5000k The RS chart says NXT bottomed too. Why should XMR go nuts? Because GUI? NXT has an ICO going on and various big agreements will begin to come in light. Recent peak in NXT is not just to get compared with XMRs peak (it was a spread double top too, so it is relatively safe to say that we know the XMR top, as we know that the NXT top is between 10k-15k). Try with NXT at 16k satoshi.... So let me put it right: 15k * 1bn = 15 trillion satoshi market cap for NXT 400k * 12m = 4.8 trillion satoshi (and I should have put less than 12m) Go figure... |
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168
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Economy / Speculation / Re: PnF TA
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on: July 06, 2016, 05:17:31 PM
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NXT or XMR??  Green for NXT, orange for XMR This chart proves that even after a severe NXT bear market, it is still 1% stronger than XMR (kiss this icebreaker) So if it quadruple top breaks at 2% stronger, no point in holding XMR, even long term! Relative Strength.Chances that this chart will get more bearish for NXT are very small. Long story short, no reason to hold long term XMR, especially now => better switch to NXT. This is strictly from TA PoV. Don't start the fundamentals shit in here... |
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169
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Economy / Speculation / Re: PnF TA
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on: July 06, 2016, 06:21:23 AM
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this my chart, confirm Daily chart, based on hourly chart  Not sure what to confirm but 4700cny/700$ are important resistances! |
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170
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Economy / Speculation / Re: PnF TA
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on: July 05, 2016, 08:53:05 PM
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I believe in the Zen 'cowboy' samurai...
from china? samurai? The big thing will come from China, with the devaluation of the CNY Samurais were from Japan  Bushido The cowboy will use Japanese Zen Taoistic Aikido to kick the shit out of Chinese charlatans! |
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175
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Economy / Speculation / Re: PnF TA
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on: July 01, 2016, 08:09:28 AM
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Hi klee, only just started using PnF, really enjoying your thread.
I got out of FCT at 250k, do you think we will see another dip prior to testing 280k?
Also in XEM, do you think we have hit a floor at 1400 or are we headed sub 1200?
I don't predict movements, I see (with proper PnF settings) strong supports/resistances, clear signals and strong patterns. Right now the setup is clear - it needs to go 290k and then it will rally hard probably. I would advise to re-enter only after that with a small position (volatility). XEM medium term will drop to 650-1250 if BTC breaks 4400 (Huobi) and tests 5000cny area.At 5200+ prepare for ALT tragedies.... Nice surprise that XEM seems entangled for now with BTC! It is in buy mode since 1800-1850. Short term target 2350-2450. Medium term around 3000. Sell the news but with no big volume. So up it seems...  |
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176
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Economy / Speculation / Re: PnF TA
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on: June 30, 2016, 11:48:26 PM
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Hi klee, only just started using PnF, really enjoying your thread.
I got out of FCT at 250k, do you think we will see another dip prior to testing 280k?
Also in XEM, do you think we have hit a floor at 1400 or are we headed sub 1200?
I don't predict movements, I see (with proper PnF settings) strong supports/resistances, clear signals and strong patterns. Right now the setup is clear - it needs to go 290k and then it will rally hard probably. I would advise to re-enter only after that with a small position (volatility). XEM medium term will drop to 650-1250 if BTC breaks 4400 (Huobi) and tests 5000cny area.At 5200+ prepare for ALT tragedies.... Nice surprise that XEM seems entangled for now with BTC! It is in buy mode since 1800-1850. Short term target 2350-2450. Medium term around 3000. |
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177
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Economy / Speculation / Re: PnF TA
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on: June 30, 2016, 12:37:13 PM
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Hi klee, only just started using PnF, really enjoying your thread.
I got out of FCT at 250k, do you think we will see another dip prior to testing 280k?
Also in XEM, do you think we have hit a floor at 1400 or are we headed sub 1200?
I don't predict movements, I see (with proper PnF settings) strong supports/resistances, clear signals and strong patterns. Right now the setup is clear - it needs to go 290k and then it will rally hard probably. I would advise to re-enter only after that with a small position (volatility). XEM medium term will drop to 650-1250 if BTC breaks 4400 (Huobi) and tests 5000cny area. At 5200+ prepare for ALT tragedies.... |
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178
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Economy / Speculation / Re: PnF TA
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on: June 30, 2016, 11:13:18 AM
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Hi Klee,
I'm went all in when fct hit 1800 like you said. Should I hold it, what do you think? And could it hit 3000 sat in the near future.
It depends on your goals (portfolio/risk management) Long term you can hold, my PO for XEM is around 10k (of course it may never get hit), but I see it probably retesting the ATH (double top) too. If you are medium/short term capitulate at 1350 and buy back in the 650-750 & 10001200 area. Thanks for your advice. Hope it will get to 10k soon. And about FCT, saw it raised high about 2 days, do you have any idea about this coin?  Strong resistance at 270-280k, if you are long take profit there. Buy back if 290k (use small amount). Weak support at 220k, very strong 110-113k, stop loss (if you buy there) 90k. I would try to enter at 95K (this would be a long term trade). |
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179
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Economy / Speculation / Re: PnF TA
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on: June 30, 2016, 07:37:35 AM
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how's bitcoin doing klee? expecting lower lows or what? (cuz i obv didnt close some longs heh  ) Important thing is to be in cryptos until (and if) the whole crypto market becomes bearish again. ... Isn't it the other way around? When bitcoin suffers, altcoins also suffer in fiat value. And the logical thing to do is to short btc rather than hold alts. On the other hand, when bitcoins go up in fiat value, so do alts. But some alts grow faster against fiat making it grow faster vs bitcoin as well. So the logical move would be to hold those alts with the fast growth potential. Please correct me if I'm wrong. But that's my impression of the btc - alts market. I would appreciate to be corrected and enlightened. My view in this is long term, I should have clarified. So as long as BTCUSD/BTCCNY is bullish (long term again) the simple thing to do is to increase your coinz in general (you could increase your ETHs or XMRs or whatever but for most it makes more sense to do it with Bitcoin). To give you an example, BTC becomes full bear IMO below 400 (technically at 380, practically below 425 so let's say 400). Imagine you could sell at 750 and buy back at 575. 23% profit in BTCs. Meanwhile you could just buy NXT at 2000 and sell at 4000. Profit 100% in BTC So around 75% in USD, right? Now some may prefer to short BTCUSD but I don't like margin trading for fees, risks etc Hope I helped and I am not making any important mistake in this strategy. EDIT: Below 400$ you go something like 90% fiat and 10% play BTC at Polo for some crazy shit happening (it will!) Also, in a general bear market in cryptos (we have been there for 2 years in the past, with the exceptions of XRP, DASH & XMR rallies) you could short the weaker alts (eg LTC, BTS) but as I said, I don't like shorting. |
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180
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Economy / Speculation / Re: PnF TA
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on: June 30, 2016, 07:32:06 AM
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Hi Klee,
I'm went all in when fct hit 1800 like you said. Should I hold it, what do you think? And could it hit 3000 sat in the near future.
It depends on your goals (portfolio/risk management) Long term you can hold, my PO for XEM is around 10k (of course it may never get hit), but I see it probably retesting the ATH (double top) too. If you are medium/short term capitulate at 1350 and buy back in the 650-750 & 10001200 area. |
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