Bitcoin Forum
March 30, 2020, 01:49:42 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 ... 92 »
  Print  
Author Topic: PnF TA  (Read 190384 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
TPTB_need_war
Sr. Member
****
Offline Offline

Activity: 420
Merit: 255


View Profile
June 16, 2015, 12:32:08 PM
Last edit: June 16, 2015, 12:46:02 PM by TPTB_need_war
 #81



Draw a line from along the bottom of the start of the rally back in Oct 2013 (starting on the bottom of the candlestick below the X in EXANTE and through the bottom of the tiny pink or the green candlestick at the end of Sept last before the big rise) with the recent bounce to $300ish hugging the bottom of the line, i.e. we had broken down below that long-term trend line and thus it has become resistance. We could rise back up to that long-term trend line which is approximately $320ish right now and rising.

If we break significantly above that (e.g. $400), then the bottom is behind us and the long-term trend line becomes support.

Edit: we are now in the negative emotions paradigm below the trend line; whereas since Oct 2013, we had been in the positive emotions paradigm until we broke down through the long-term trend line at the end of 2014 (when oil collapsed). Emotions won't shift that quickly, there will need to be capitulation and some fundamental change in the markets. So the rally now is a trap for those who hope against their purchases > $400.

1585532982
Hero Member
*
Offline Offline

Posts: 1585532982

View Profile Personal Message (Offline)

Ignore
1585532982
Reply with quote  #2

1585532982
Report to moderator
1585532982
Hero Member
*
Offline Offline

Posts: 1585532982

View Profile Personal Message (Offline)

Ignore
1585532982
Reply with quote  #2

1585532982
Report to moderator
1585532982
Hero Member
*
Offline Offline

Posts: 1585532982

View Profile Personal Message (Offline)

Ignore
1585532982
Reply with quote  #2

1585532982
Report to moderator
Best Rates For Exchanging Cryptocurrency Buy Crypto With Credit Card Smooth Exchange Multiple E-Payment Systems Check Now Check Now
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1585532982
Hero Member
*
Offline Offline

Posts: 1585532982

View Profile Personal Message (Offline)

Ignore
1585532982
Reply with quote  #2

1585532982
Report to moderator
1585532982
Hero Member
*
Offline Offline

Posts: 1585532982

View Profile Personal Message (Offline)

Ignore
1585532982
Reply with quote  #2

1585532982
Report to moderator
1585532982
Hero Member
*
Offline Offline

Posts: 1585532982

View Profile Personal Message (Offline)

Ignore
1585532982
Reply with quote  #2

1585532982
Report to moderator
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 16, 2015, 12:56:53 PM
 #82

darlidada
Hero Member
*****
Offline Offline

Activity: 723
Merit: 503


View Profile
June 16, 2015, 03:53:15 PM
 #83

its coming
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 16, 2015, 03:55:18 PM
 #84

FREE at last!!

klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 16, 2015, 05:35:01 PM
 #85

Soon some extra analysis...
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 17, 2015, 05:27:16 AM
 #86

Ok, so now we don't have bearish resistance in the HL 4x3 chart but we do have horizontal resistances:



Basically we have to clear up to the 272 area (with highs/spikes).

The thick green line is the bullish resistance, we accumulate more there and sell if we break it.

For long term investors the resistances are NOT sell prices, they have to wait for double bottom break and/or bullish resistance violation.

Finally something very important - CLOSE 4x3 chart...



I wanted confirmation of double top breakout too there before posting and it did it! It f@ckin did it!
This is bullish as f@ck because CLOSE is very important chart in P&F, it is used for more long term trading and it's signals tend to be more trustworthy medium/long term.

Resistance there is 264-268, we have to close at 272 to clear them which is the same as in HL chart.

CLOSE chart is full of bearish resistance lines so bulls don't get overexcited yet...
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 17, 2015, 05:38:17 AM
Last edit: June 17, 2015, 05:48:41 AM by klee
 #87

Our long term HL ATR(100) chart now look like this (it is  dynamic, patterns change every time):



We clear all resistances at 320315$, long term investors can enter safer there.

EDIT: The resistance is cleared at about the same price TPTB said upthread...
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 17, 2015, 09:44:39 AM
 #88

https://www.youtube.com/watch?v=38ZDGm7IjyY

darlidada
Hero Member
*****
Offline Offline

Activity: 723
Merit: 503


View Profile
June 17, 2015, 10:44:25 PM
 #89

time to sell already ? i cant read the market, im lost Sad
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 17, 2015, 11:09:43 PM
 #90

time to sell already ? i cant read the market, im lost Sad
Stay calm - technically we have not reversed yet (242$).

235-236 is big support.

Our bullish support can fall down to 222$ (but basically is at 228$).

EDIT: Oups, sorry, reversal is at 244$ but Finex holds. You can sell if we hit 244$
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 18, 2015, 05:33:34 AM
 #91



Resistance 248-256$ (based on the previous spike, not the horizontal red lines).
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 18, 2015, 06:20:51 AM
 #92

The late great Earl Blumenthal used to say that the first sell signal in an uptrend was really a buy signal..
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 18, 2015, 06:43:12 AM
 #93

Donchian channels:



Orange line is resistance - if broken support.
Amph
Legendary
*
Offline Offline

Activity: 2296
Merit: 1003



View Profile
June 18, 2015, 07:03:28 AM
 #94

it does seems another dead cat bounce, but maybe we have corrected the price a bit, toward 240, instead of staying all the time at 230

it would be a small good sign nonetheless
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 18, 2015, 07:10:36 AM
 #95

it does seems another dead cat bounce, but maybe we have corrected the price a bit, toward 240, instead of staying all the time at 230

it would be a small good sign nonetheless
Whenever an asset breaks the bearish resistance line from an ATH (like we did) there is always often a correction down to this line again (on top of it this time).

I was expecting this so maybe we will breakout up again!

If we hold this level this would be the case IMO - if we have one more box down (240), probably we are going to test 225-230..
klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 18, 2015, 07:20:38 AM
 #96

Guys do you like this analysis? Did it help you make a good trade?

I want to see if people actually got some results with it, besides finding it interesting.

Share your experience if you like  Smiley
TPTB_need_war
Sr. Member
****
Offline Offline

Activity: 420
Merit: 255


View Profile
June 18, 2015, 07:30:20 AM
 #97

time to sell already ? i cant read the market, im lost Sad

Probably the time to buy. Hold for $315 then sell and go short. Might come down a bit lower so average your buys, not all at once, unless you see < $230, then buy the all the rest you want.

I don't place great odds on this breakout failing to ascend to $300+, but anything is possible.

kLee can probably tell you what your stops should be, in case you want to sell out if we are breaking down heading for $150 again.

klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 18, 2015, 07:34:31 AM
 #98

time to sell already ? i cant read the market, im lost Sad

Probably the time to buy. Hold for $315 then sell and go short. Might come down a bit lower so average your buys, not all at once, unless you see < $230, then buy the all the rest you want.

I don't place great odds on this breakout failing to ascend to $300+, but anything is possible.

kLee can probably tell you what your stops should be, in case you want to sell out if we are breaking down heading for $150 again.
Man sorry for disappearing I will try to answer you asap, I have one week to sleep properly with this damn crazy market...
TPTB_need_war
Sr. Member
****
Offline Offline

Activity: 420
Merit: 255


View Profile
June 18, 2015, 07:43:25 AM
 #99

time to sell already ? i cant read the market, im lost Sad

Probably the time to buy. Hold for $315 then sell and go short. Might come down a bit lower so average your buys, not all at once, unless you see < $230, then buy the all the rest you want.

I don't place great odds on this breakout failing to ascend to $300+, but anything is possible.

kLee can probably tell you what your stops should be, in case you want to sell out if we are breaking down heading for $150 again.
Man sorry for disappearing I will try to answer you asap, I have one week to sleep properly with this damn crazy market...

No rush mate. take care of your important business first.

klee
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
June 18, 2015, 08:33:42 AM
 #100



Resistance 248-256$ (based on the previous spike, not the horizontal red lines).
In HL chart the 3O are a projection - they will be confirmed after 1d.

BUT in HL charts the current column has priority, so if we move up to 260 in price we will make a new X and the 3O will be deleted
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 ... 92 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!