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721
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Economy / Speculation / Re: PnF TA
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on: November 03, 2015, 10:07:13 AM
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XBT ETN outperforming NASDAQ index almost 50%  Reversal here is a 'top' indicator for BTC.. |
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722
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Economy / Speculation / Re: PnF TA
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on: November 03, 2015, 09:28:50 AM
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Below 360 we will probably have a bigger correction (down to 325-335)
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724
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Economy / Speculation / Re: PnF TA
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on: November 03, 2015, 09:07:05 AM
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Possible next daily spike between 460 and 550.
Close the daily at about 450.
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725
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Economy / Speculation / Re: Analysis never ends
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on: November 03, 2015, 08:15:11 AM
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Yeap - I use a stop 10% lower of the recent price peak ALWAYS.
fueling a crash when it happens. But no worries: shorts need closing, too. Recent peak is 378, my stop would be at 340. Do you really think I will have much slippage there? Nope.. |
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726
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Economy / Speculation / Re: PnF TA
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on: November 03, 2015, 07:59:02 AM
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PnF is based on momentum. Momentum for BTC got really bullish AFTER we broke 350.
Intuitively, many whales (I know some) were willing to buy back only if this price was taken on volume. See this happening live at Bitstamp.
This may be just the beginning.
So 'TA does not work with BTC' has some merit because in trending markets you need momentum tools.
The only method that I have seen (except PnF) that really works in these legs up is macsga's, with whom we already cooperate to incorporate a robust analytical method (based on momentum too) in crypt-XO's toolbox.
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727
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Economy / Speculation / Re: Analysis never ends
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on: November 03, 2015, 07:22:36 AM
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If it breaks out again I will buy back.
Parabolic uptrend is not designed to buy in but sell into. Why not use a trailing stop in this case? Then if price goes crazy you can still profit, but if it starts to fall profits are protected. Yeap - I use a stop 10% lower of the recent price peak ALWAYS. So loss is manageable. There are tools nowadays so you don't get REKT (I don't use leverage anymore anyway, especially in big volatility periods). |
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728
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Economy / Speculation / Re: Analysis never ends
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on: November 03, 2015, 07:18:23 AM
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If it breaks out again I will buy back.
Parabolic uptrend is not designed to buy in but sell into. Scalp - it worked again. I sell about 10$ higher. I use only half of my fiat, I am long since 235-240 with other half. Won't sell them until I see signal in the daily... |
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729
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Economy / Speculation / Re: Analysis never ends
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on: November 02, 2015, 11:30:25 PM
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Last portion of BTC unloaded =) out of ammo =)
My bid is 336$ at Bitstamp - where do you plan to enter again? Do you think 320-325 will be tested? Careful of a bear trap. If it breaks out again I will buy back. |
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730
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Economy / Speculation / Re: Analysis never ends
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on: November 02, 2015, 11:20:37 PM
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Last portion of BTC unloaded =) out of ammo =)
My bid is 336$ at Bitstamp - where do you plan to enter again? Do you think 320-325 will be tested? |
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734
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Economy / Speculation / Re: PnF TA
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on: November 02, 2015, 09:05:17 PM
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Can you translate your PnF charts to a buy or sell signal ?  (Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?) On the contrary, I'd say when the resistance is broken it IS a buy signal... But yes; we're on the verge right now...  The only resistance that was broken was in the CLOSE chart but this will have to be the case until the end of day (2:00 AM Greek time) |
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735
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Economy / Speculation / Re: PnF TA
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on: November 02, 2015, 09:04:06 PM
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Can you translate your PnF charts to a buy or sell signal ? (Looks from your chart, that we stopped at a resistance line and we probably go down. Correct ?) They are more of take profit price (364) and buy back in the pull back, so far we have no sell in the daily charts... Now if this was the overall top is hard to know, a sell signal in the daily will probably mean so. |
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736
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Economy / Speculation / Re: PnF TA
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on: November 02, 2015, 08:51:22 PM
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Bitstamp 2h HL 3x2 - Almost hit 364 resistance!  BITSTAMP 1d HL 3%x3 - Resistance almost hit too!  BITSTAMP 1d HL 3%x5 - Resistance almost broken!!  BITSTAMP 1d CLOSE 2%x3 - Small x are the live price (we will probably close a lot lower). See where it stopped...  |
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737
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Economy / Speculation / Re: PnF TA
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on: November 02, 2015, 08:14:04 PM
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Also, IMHO we will test the 70 resistance of 1w RSI - this must be somewhere between 345-385.
It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
Just happened! |
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739
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Economy / Speculation / Re: PnF TA
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on: November 01, 2015, 01:28:00 PM
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Also, IMHO we will test the 70 resistance of 1w RSI - this must be somewhere between 345-385.
It will either bounce there (final top) or break it and enter a mega rally, probably towards new ATH.
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740
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Economy / Speculation / Re: PnF TA
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on: November 01, 2015, 01:26:07 PM
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A new bear trend is now 33% probable (we closed daily below 318).
Does that mean a bull trend is 66% probable? It means we are still in a bull trend. Technically the trendline breaks very low (about 230-240) so I need another tool to estimate if we are gonna test <295 prices. So I use my daily log scale CLOSE charts. 1% already reversed (33% bearish). For every one of the other two (2% & 3%) reversing I am adding another 33%. Up target (345-385) is based on various chart resistances (bullish and/or bearish ones). Lower targets are POs based on reversals of the daily charts: 2x2 HL - 274 4x3 HL - 248 1%x3 - 255 |
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