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Author Topic: PnF TA  (Read 190384 times)
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klee
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July 21, 2015, 01:45:58 AM
 #221

If we break 284 we will test 290-295 in very short time.
If we fail at 284 not sure what's next.
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klee
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July 21, 2015, 10:05:07 AM
 #222

http://www.pointandfigure.com/topic/56-advantages-of-point-and-figure-chart/

If you like patterns in charts, this is the best TA method, period.
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July 21, 2015, 12:02:13 PM
 #223

Probably we will test bullish support line (264-268).

Let's see if it holds...
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July 21, 2015, 01:41:24 PM
 #224

Probably we will test bullish support line (264-268).

Let's see if it holds...

I'd closeout recent longs (purchased in the $260s) but not enter a leveraged short (if short-term trading):

http://www.newsbtc.com/2015/07/21/bitcoin-price-technical-analysis-for-2172015-wide-divergences/

Volatility will increase (remember we started this rally off a low in volatility in the lower $200s), so take the major part of the move and then stand back for pressure to build again. Model it akin to a spring.

Note I am short until Octoberish. I sold BTC at $300 - $315 because I am not day trading nor am I trying to gain leverage by margin trading.

klee
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July 21, 2015, 01:45:59 PM
 #225

Probably we will test bullish support line (264-268).

Let's see if it holds...

I'd closeout recent longs (purchased in the $260s) but not enter a leveraged short (if short-term trading):

http://www.newsbtc.com/2015/07/21/bitcoin-price-technical-analysis-for-2172015-wide-divergences/

Volatility will increase, so take the major part of the move and then stand back for pressure to build again. Model it akin to a spring.

Note I am short until Octoberish. I sold BTC at $300 - $315 because I am not day trading nor am I trying to gain leverage by margin trading.
Agree, all longs closed and no shorts unless a quick one if we break 260 (maybe down to 245).
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July 21, 2015, 02:19:04 PM
 #226

Klee, why you want to go down to 260/245 when we have a strong bullish support at 275 ?

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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July 21, 2015, 02:22:32 PM
 #227

Klee, why you want to go down to 260/245 when we have a strong bullish support at 275 ?
This is a hypothesis, a scenario.

I will buy at bullish support if we fall or if we break 284.
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July 21, 2015, 07:46:37 PM
 #228

Triple bottom break in action:

http://stockcharts.com/freecharts/pnf.php?c=%24GOLD,PGTBDANRNO[PA][D][F1!3!!!2!20]
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July 22, 2015, 02:42:02 AM
 #229

Guys don't waste your time in TV chat. Most there are losers.

The less a chart shows the more you get. Been warning all you for days!

(Damn, I start to sound like TPTB Tongue )
bassclef
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July 22, 2015, 03:51:59 AM
 #230

Guys don't waste your time in TV chat. Most there are losers.

The less a chart shows the more you get. Been warning all you for days!

(Damn, I start to sound like TPTB Tongue )

I banned myself from all chats and trollboxes long ago. My trading stash is much better for it Wink
klee
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July 22, 2015, 03:55:01 AM
 #231

Guys don't waste your time in TV chat. Most there are losers.

The less a chart shows the more you get. Been warning all you for days!

(Damn, I start to sound like TPTB Tongue )

I banned myself from all chats and trollboxes long ago. My trading stash is much better for it Wink
Lost money in the past from troll boxes, best move to do is what you did!  Cool
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July 22, 2015, 03:56:00 AM
 #232

IMO if we hold here 284$ is a strong buy.
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July 22, 2015, 08:28:02 AM
 #233

Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.

Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!
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July 22, 2015, 09:11:34 AM
 #234

IMO if we hold here 284$ is a strong buy.

I hope so much that's the scenario that will happen
klee
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July 22, 2015, 09:17:02 AM
 #235

IMO if we hold here 284$ is a strong buy.

I hope so much that's the scenario that will happen
Support at 275 is very strong but the whales will have to buy a LOT of coins to keep the price above!

Interesting battle..
RAJSALLIN
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July 22, 2015, 09:33:30 AM
 #236

Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.

Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!

What's your time frame for gold and btc bottom? October isn't far away if they will coincide with Armstrong/anonymint predictions. Either we some serious **** take place soon or the bottom will be later imo.

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klee
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July 22, 2015, 09:37:29 AM
 #237

Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.

Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!

What's your time frame for gold and btc bottom? October isn't far away if they will coincide with Armstrong/anonymint predictions. Either we some serious **** take place soon or the bottom will be later imo.
Bear markets tend to be faster than bull ones, so maybe 1-2 years for Gold, maybe more. Not easy fot a market cap of this size to move so fast as BTC.

BTC if closes below 230 will need at most 1.5 months IMO to hit bottom. So in this case Armstrong is correct. Not sure he will be for Gold though. But stranger things have happened...

klee
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July 22, 2015, 09:42:30 AM
 #238

I just thought of realised something - if BTC counterrallies to Gold, Gold will fall faster & harder!

BTC will go up even faster than it would too.
Fakhoury
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July 22, 2015, 09:54:26 AM
 #239

I just thought of realised something - if BTC counterrallies to Gold, Gold will fall faster & harder!

BTC will go up even faster than it would too.

How can we relaise this in a TA matter ?

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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July 22, 2015, 09:55:41 AM
 #240

I just thought of realised something - if BTC counterrallies to Gold, Gold will fall faster & harder!

BTC will go up even faster than it would too.

How can we relaise this in a TA matter ?
Money from Gold will flow into BTC
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