PnF TA

[klee]

Getting ready for some triple bottom breakdown action!

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[klee]

LTC is doing some crazy shit at the moment, if 2h closes from 2.825 and above it is a buy!

[klee]

3 Stooges will have to wait? Let's see!

2h close above 232 is a strong buy.

[klee]

[8up]

It's definitely getting interesting. If you take recent positive news into account, this could be an orchestrated move to push prices higher. On the other hand we've seen positive news to often leading to lower prices.

What's funny: Everybody "knows" that if $200 is breached it will without doubt (!) lead to much lower prices. The public knowledge about this makes me think it won't happen (this time)... I can see prices hovering in the 200$ to 350$ range slowly amplyfying with consecutive break-out (pre halving) + massive setback afterwards. This means no ATH for a long long time!

[klee]

It's definitely getting interesting. If you take recent positive news into account, this could be an orchestrated move to push prices higher. On the other hand we've seen positive news to often leading to lower prices.

What's funny: Everybody "knows" that if $200 is breached it will without doubt (!) lead to much lower prices. The public knowledge about this makes me think it won't happen (this time)... I can see prices hovering in the 200$ to 350$ range slowly amplyfying with consecutive break-out (pre halving) + massive setback afterwards. This means no ATH for a long long time!

Want the hard cold truth? From a trading PoV, BTC now is just not worth it, period.

Better trade LTC & alts which move faster, don't have the fork issue and the public is less aware of them (so big moves are much easier).
The current move was initiated from LTC which all these days shows much more resilience in absorbing the selling pressure.

Halving is beginning to impact it I think.

[8up]

It's definitely getting interesting. If you take recent positive news into account, this could be an orchestrated move to push prices higher. On the other hand we've seen positive news to often leading to lower prices.

What's funny: Everybody "knows" that if $200 is breached it will without doubt (!) lead to much lower prices. The public knowledge about this makes me think it won't happen (this time)... I can see prices hovering in the 200$ to 350$ range slowly amplyfying with consecutive break-out (pre halving) + massive setback afterwards. This means no ATH for a long long time!

Want the hard cold truth? From a trading PoV, BTC now is just not worth it, period.

Better trade LTC & alts which move faster, don't have the fork issue and the public is less aware of them (so big moves are much easier).
The current move was initiated from LTC which all these days shows much more resilience in absorbing the selling pressure.

Halving is beginning to impact it I think.

Indeed. I was an "only bitcoin will prevail" ideologists for far too long. Trade/hold LTC, XMR and ETH for now.

[klee]

It's definitely getting interesting. If you take recent positive news into account, this could be an orchestrated move to push prices higher. On the other hand we've seen positive news to often leading to lower prices.

What's funny: Everybody "knows" that if $200 is breached it will without doubt (!) lead to much lower prices. The public knowledge about this makes me think it won't happen (this time)... I can see prices hovering in the 200$ to 350$ range slowly amplyfying with consecutive break-out (pre halving) + massive setback afterwards. This means no ATH for a long long time!

Want the hard cold truth? From a trading PoV, BTC now is just not worth it, period.

Better trade LTC & alts which move faster, don't have the fork issue and the public is less aware of them (so big moves are much easier).
The current move was initiated from LTC which all these days shows much more resilience in absorbing the selling pressure.

Halving is beginning to impact it I think.

Indeed. I was an "only bitcoin will prevail" ideologists for far too long. Trade/hold LTC, XMR and ETH for now.

Mike the Great & St. Gavin (I hate them, just kidding) actually realised this and wanted to reboot BTC asap (with better parameters) before the competition eats it.

They know well that after all BTC is just another coin in the list (please don't even start the most secure PoW crap here) and TPTB in order to participate will not tolerate Max Keisers, Karpeleses, Loadeds, Goats, Sheeps, etc etc

They need a better percentage for themselves.

BTC is in the grey area between better statist alternatives (XRP, ETH, etc) and better underground ones (XMR, even DASH etc).
Ordinary Joe has NO reason to get involved (except the more efficient fiat entries) & the main target group for it is what all these VCs and banks are investing at.
So they had to make it more sexy for them.

BTC has become the SP500 for cryptos.

[klee]

Bought LTC at 2.825 yesterday. My stop is closing the 2h at 2.725.

Target is a spike at 3.8. It will be easy to take profit in the 3.4-3.5 area.

If LTC goes full bear my target will be 1.5$.

Timestamp: 23 Sep 2015

[klee]

$BTC:$COMPQ



NASDAQ showed weakness last days and BTC was falling slower and then reversed.
We don't mind very much if NASDAQ is falling and this chart is in X column, as long as BTCUSD is rising.
On the contrary, this may be a proof that BTC is acting inversely with the stock market!

[suda123]

$BTC:$COMPQ



NASDAQ showed weakness last days and BTC was falling slower and then reversed.
We don't mind very much if NASDAQ is falling and this chart is in X column, as long as BTCUSD is rising.
On the contrary, this may be a proof that BTC is acting inversely with the stock market!

I noticed that to, when stocks dropped bitcoin spiked 3 bucks.

[klee]

$BTC:$COMPQ

https://i.imgur.com/mqWInVU.png

NASDAQ showed weakness last days and BTC was falling slower and then reversed.
We don't mind very much if NASDAQ is falling and this chart is in X column, as long as BTCUSD is rising.
On the contrary, this may be a proof that BTC is acting inversely with the stock market!

I noticed that to, when stocks dropped bitcoin spiked 3 bucks.

I would feel much more confident though if both were rallying but I suppose it would be a win win either way (if BTC rises).

[klee]

Time to go long BTC:

Bitstamp, 2h CLOSE, 1x1

[hdbuck]

target?

[klee]

target?

Price Objective in the 2x2 chart (if it finally hits 236) is:

Vertical count: 244
Horizontal count: 248


PO for the 4x3 HL:
Vertical: 332$
Horizontal: -

EDIT: 4x3 vertical count is more long term but more solid too (for various technical reasons). I subjectively expect 330-340 to be tested too (337$).

[klee]

Do bears stand a chance?



Yes.

If we fail to breakout here and go 222$ it will be a quadruple bottom break...

[klee]

target?

PO for the 4x3 HL:
Vertical: 332$
Horizontal: -

EDIT: 4x3 vertical count is more long term but more solid too (for various technical reasons). I subjectively expect 330-340 to be tested too (337$).

Can we have another way to confirm this? Yes.
Bullish resistance lines (yellow ones):



First one is at 328-332 (creepy right?).

In a bull market, usually it is violated and we stop to the 2nd. Now at 356-360$.

Both targets assume that we will form a new X column (reversal at 236, resistance 236-240, breakout 248) which will cross the yellow trendlines.

[Fakhoury]

Thanks for the updates, Klee

Are you Bullish, Bearish, Neutral, right now ?

[klee]

Thanks for the updates, Klee

Are you Bullish, Bearish, Neutral, right now ?

Slightly bullish.

[klee]