FTFY 

Still waiting....

Accredited investors don't care about KYC.

Gemini is targeting serious megawhales who wouldn't ever go near an offshore toy like Bitfinex.

Apologies, the X column vertical count gives 673, which is IMO invalidated for good. The PO was based on an horizontal count.
What we get from an horizontal count in case of a new breakout is 330$, which is about at the second bearish resistance line too (334$) and it makes more sense!

So to sum up, until we have a new breakout, the PO is 102$ but as long as we hold the bullish trendline we can have this only in the back of our head...

Mind you that the PO of the below long term chart for the upside maybe 350$ but for the downside is 102$:

Bitstamp 1d CLOSE 3%x3

The PO are based on the Vertical counts of the following columns:

1) The reversal X column from the 173$ low, which was partially hit (305$) but then was INVALIDATED by the triple bottom break. I still give this count though a chance because I wanna be good with Bitcoin (but this may be very wrong).*
2) The triple bottom break at 213$, which will need a new buy signal to get invalidated...

POs may be soft targets but they tend to give a pretty good feeling on where the pressure is heavier regarding the trend.

*Also because the trendline held.

wouldnt be that dramatic. imho still just $10 range sideways.

altho i'd love to see it fall since i got some nice bids set up.

If this chart as is now reverses at 238 it is going to be bearish (fulcrum).
237236 channel is broken, 236235 sell signal.

So be alert, it can go both ways and it will be probably violent either way...

drop it!

https://www.youtube.com/watch?v=Z_JOGmXpe5I

He probably didn't, sorry if I gave that impression. Just wanted to say what not to do unless you hate money.

Not sure what you mean but in general I struggled very much with BTC to find a setup (HL or CLOSE, box size, reversal, etc) which will allow me to enter a breakout without getting dumped immediately or soon. BTC tends to react with counter moves in the breakouts/breakdowns and usually you can't enter soon in strong ones because of low liquidity (sudden spikes of many dollars length).

The solutions I have found are:

1) Using a combination of charts which with my experience complement well each other. It is essential unfortunately that you look the market from many different angles. A very efficient (so far) chart is 2h CLOSE 1x1. I advised my readers to go long as soon as when we closed 2h at 232.*
2) Buying at the very strong supports (or selling/shorting at very strong resistances).
3) Using RSI (4h & 1d) as a complimentary method. (I am actually preparing P&F charts for both - VERY USEFUL tool).
4) Opening at important SRs BOTH positions with a stoploss at when you know the wrong position is invalid anymore.
5) Waiting for a pullback.
6) Using other P&F only tools as Trend Oscillator for detecting overbought/oversold conditions (in progress).


EDIT: * Actually it was a buy since 229 but had resistance there. At 230 it was all clear. Don't remember what I said to my readers back then, have to check. Maybe someone can help.

AFAIK you said buy in the 230-232 region yes, unfortunately I haven't traded in the last couple of weeks.

I'm always in coin tho but I'll definately wait for a small pullback now and do some longs.

Cheers klee!

BTC now is in the resistance zone of 4x3 HL (236-240, breakout 248):



Support 228-232.


Also, the 1x2 CLOSE is at resistance (238-239):



Support 234-235.


Sell signals are for 4x3 HL 220, for 2x2 HL 230 (exactly on the support, so maybe 228) and the 1x2 CLOSE at 232$.

So if we hit 230 or lower AND/OR close 232 or lower maybe it is time to sell.

Going long when it finally seems to break to the upside (+238 or so) and going short when it seems to break to the downside (-228 or so) has been an easy way to lose the maximum amount of money.

When/if the octuple top/bottom breakout/breakdown finally happens the catapult should be massive?

What about DOGE?