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544
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Economy / Speculation / Re: PnF TA
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on: February 25, 2016, 08:23:07 AM
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Right now ETH outperforms XMR (which outperforms BTC, which outperforms USD) by 720% !
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546
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Economy / Speculation / Re: PnF TA
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on: February 23, 2016, 01:09:43 PM
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20th February:
klee [11:54 AM]
I would strongly recommend to take profit in the 445-455 area.
Any support Target? Around 2700 I suppose we will stop, at least temporarily. I expect another leg down somewhere there. Will get ugly if it breaks 2500. |
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547
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Economy / Speculation / Re: PnF TA
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on: February 23, 2016, 12:01:38 PM
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20th February:
klee [11:54 AM]
I would strongly recommend to take profit in the 445-455 area.
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548
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: February 22, 2016, 05:14:55 PM
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Does anyone have a chart showing historical support and resistance and do you guys think it has any bearing going forward?
Bitcoinwisdom -> 3d (or 1w) -> see where we bottomed - support - (0.001) and where we find tops (basically from 0.002 up to 0.0055, every 0.0005 satoshi, resistances). |
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549
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: February 19, 2016, 10:02:13 PM
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...
Θέλει η πουτάνα να κρυφτεί και η χαρά δεν την αφήνει.
Translate please, google doesn't give coherent answers. It means that you try to control your basic instincts but nature betrays you. So the higher cognitive functions in trading & poker needs you disciplined but the smallest reflexive move in a very short duration of time can unmask your strategy. Flashing the 2nd wall (of another 100K xmr) for only seconds was enough to make 100% sure that the whale was just trying to accumulate more coins -> bullish. Bluff. Not everyone is playing for a narrow win. I suspect the wall-maker (whale-maker) understands the importance of wide distribution and is fishing for a minnow with more money than time, who would become a whale in one bite. That was my understanding too, until he flashed the 2nd wall! Maybe I am wrong, after all I don't care for walls & volume from TA point of view. |
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550
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Economy / Speculation / Re: PnF TA
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on: February 19, 2016, 09:38:06 PM
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But I can disclose something that it is not immediate relevant to PnF (though it can be) - the best chart I have found that works for XMR is the 3d one.
Especially the close prices.
Can you elaborate on close prices? You only take into account the closing price of the candle and not the high/low ones. So you cut off the noise (spikes). EDIT: Be careful though because this would be a 'slow' interpretation of the chart. Closing prices are very good for providing solid support resistances but not good for stop loss, take profit and sometimes (not good) for entering positions at breakouts. Especially for 3d chart. |
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551
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Economy / Speculation / Re: PnF TA
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on: February 19, 2016, 09:24:28 PM
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But I can disclose something that it is not immediate relevant to PnF (though it can be) - the best chart I have found that works for XMR is the 3d one.
Especially the close prices.
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552
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Economy / Speculation / Re: PnF TA
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on: February 19, 2016, 09:21:05 PM
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ALT coins (with the exception of ETH now and LTC now and in the past) are so illiquid that I decided I will never post again publicly about them a priori.
Only my subscribers will know. I will post signals/analysis only a posteriori.
Because for example a nice buy signal if posted as expected can be easily be gamed into a bull trap.
I do this to protect me, my subscribers and the coins. I hope you guys understand.
That said, XMR is still bullish.
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553
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: February 19, 2016, 09:16:49 PM
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...
Θέλει η πουτάνα να κρυφτεί και η χαρά δεν την αφήνει.
Translate please, google doesn't give coherent answers. It means that you try to control your basic instincts but nature betrays you. So the higher cognitive functions in trading & poker needs you disciplined but the smallest reflexive move in a very short duration of time can unmask your strategy. Flashing the 2nd wall (of another 100K xmr) for only seconds was enough to make 100% sure that the whale was just trying to accumulate more coins -> bullish. Bluff. |
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556
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: February 19, 2016, 06:42:24 PM
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The wall became x2 at some point - 400btc, 200k xmr. Well you stupid whale, if you have so many xmr there I am sure it is because you are expecting a big price increase to offload them  You know shit about trading.... I don't think so. I think he knows *exactly* what trading is for; it's about egotism. If you let your egotism be strong enough you lose money; and he gains. From what I can tell, he's an early adopter even buying all these months @ 10-12 range. He doubles his stash in BTC which (in turn) will be hitting $500 maybe within a month. So; if XMR falls again, he will buy back the double; if XMR climbs up he will be selling at the next stop (26?). Of course, sometimes... things are not getting the way you planned them. There's a Greek saying: "Όταν ο άνθρωπος κάνει σχέδια ο Θεός γελά" "When the man makes plans for the future, God has a good laugh" I personally forget all about XMR at the moment. I may even transfer them into my cold wallet. I am where I wanted. If you want an advice, don't trade. That's the only thing you can do at the moment. Cheers. No. He sucks at poker. Too bored to describe why. But this explains it perfectly: Θέλει η πουτάνα να κρυφτεί και η χαρά δεν την αφήνει. |
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559
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Economy / Speculation / Re: PnF TA
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on: February 18, 2016, 08:12:44 AM
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BTCChina just gave a bullish catapult! BTCChina 1D HL 1%x3  IMO this is the battle that will end the war between bull & bears in the 365-465 area. Triple breaks in this chart was not strong enough to do this. |
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560
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: February 17, 2016, 08:17:07 PM
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i dont get your hint macsga, did you look at the data after all or is this just your conclusion without looking at the exchange?
to me it looks like lending supply is indeed drying out, why this is happening is hard to say.
open positions could be forced to close once they are not able to renew ? or is it possible to change the max lending rate % ?
btw its now at 48k again allready.
I'm looking at the data as clueless as everybody else. My opinion is that you can't judge a chaotic system by just "looking" at it (at least not in short term; in the sense of a couple of years that XMR is here). Since XMR came along my way it really reminded me what BTC really should have been in the first place. None of them is perfect but both fulfill "the job". "The job" is to have the ability to have electronic money out of the banking system, free of the human greed (and stupidity) to inflate it at will just because they can. The main difference of XMR vs BTC is the former is being able to certify that you may hold your "money" absolutely anonymously (at least more than BTC is). A long story short; I'm not a TA man. I'm a man of fundamentals. In my world both coins are here to stay, each for their own reasons. They just need their time. As for my trading capabilities; I can only say that I *completely* suck as a trader so you shouldn't listen to me more than anyone else in here. That excludes people like klee and his thread which, IMHO really deserves to be watched, if you're into trading. Regards. The last signal though was not as strong as it should be and we had a sell but statistically there will be some failed signals. Also, I think this is a bear trap and price will quickly recover above 200k. Maybe some flash crash in the 13-15 area first, where the shorts have put walls hoping to close their positions there. I would love to see them panic closing higher though (or even getting margin called), despite wanting to buy more in the same area! |
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