PnF TA

[dasource]

Looking forward to seeing how this develops, thanks.

[klee]

Possible target for closing short: 196$

With yellow I have put a circle where we have BEARISH support line - it is exactly where we have a previous bottom at mid January (horizontal yellow line).


 

[klee]

Double bottom break at Bitstamp too!

[Fakhoury]

Double bottom break at Bitstamp too!

Your thoughts so far please ?

Bear-trap or ?

[klee]

Double bottom break at Bitstamp too!

Your thoughts so far please ?

Bear-trap or ?

Hard to say - check this:

https://bitcointalk.org/index.php?topic=643235.msg11506171#new


I shorted at 237 227$...

EDIT: I think we will visit the 200$ area

[8up]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

[klee]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

I agree on the above - I find it very 'suspicious' the bulls absence...

[Fakhoury]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

I agree on the above - I find it very 'suspicious' the bulls absence...

from the scene ? how ?

[klee]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

I agree on the above - I find it very 'suspicious' the bulls absence...

from the scene ? how ?

No bounce - just like the fall from 400$ to 165$

EDIT: Keeps falling & falling in low volume until some big reaction? Probably longs hunting until they get them margin called in a cascade..

[Fakhoury]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

I agree on the above - I find it very 'suspicious' the bulls absence...

from the scene ? how ?

No bounce - just like the fall from 400$ to 165$

Your thoughts ?

[klee]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

I agree on the above - I find it very 'suspicious' the bulls absence...

from the scene ? how ?

No bounce - just like the fall from 400$ to 165$

Your thoughts ?

See my edit above - or the market is just bearish (no conspiracy theory) and BTC will have to find somewhere a bottom before a new uptrend. God knows where...

[Fakhoury]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

I agree on the above - I find it very 'suspicious' the bulls absence...

from the scene ? how ?

No bounce - just like the fall from 400$ to 165$

Your thoughts ?

See my edit above - or the market is just bearish (no conspiracy theory) and BTC will have to find somewhere a bottom before a new uptrend. God knows where...

Didn't we already found a bottom with being nearly stable for the past few weeks ?

Why the market is bearish will all the staff we hear about everyday ? Manipulation ?

[klee]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

I agree on the above - I find it very 'suspicious' the bulls absence...

from the scene ? how ?

No bounce - just like the fall from 400$ to 165$

Your thoughts ?

See my edit above - or the market is just bearish (no conspiracy theory) and BTC will have to find somewhere a bottom before a new uptrend. God knows where...

Didn't we already found a bottom with being nearly stable for the past few weeks ?

Why the market is bearish will all the staff we hear about everyday ? Manipulation ?

Bottom maybe lower or higher, I mean the point where the current downtrend will stop - maybe it is here maybe at 50$ who knows?

Manipulation needs weak opposition so it is both IMO..

[pitaluga]

nice analysis. where can I find these PnF charts?

[klee]

nice analysis. where can I find these PnF charts?

You can make yours at TradingView.com

[klee]

Donchian channels:

[klee]

Closed shorts yesterday at 221, opened a small long today, maybe we will bounce at the Donchian channel support.

[klee]

Closed shorts yesterday at 221, opened a small long today, maybe we will bounce at the Donchian channel support.

So far so good...

[Afrikoin]

First observation: The crash happens on low volume.
Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.)
Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).

Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.

'they' also usually make sure almost all the indicators are neutral. EMAs, bollingers, support/resistance levels, fibonacci.

 Have you noticed?

[Afrikoin]

Long term I think that Bitcoin will eventually rally above 1000$ but maybe the drama is not over yet...

Can i ask what are some of your reasons for this?