PnF TA

[klee]

LTC very bullish:



EDIT: Resistances (BTC-e) are cleared above 7.5$

[1715560936]

1715560936

[1715560936]

1715560936

[1715560936]

1715560936

[1715560936]

1715560936

[1715560936]

1715560936

[macsga]

Thanks for implementing PnF for LTC. Seems to be the primary signal for a BTC bull run so far. So if it goes up, expect a similar route for BTC too.

[klee]

LTC breakout:

[rayhan]

the thread was really interesting a. It has always been informative to read about such discussions .Gives you a lot about the current scenario going with the bitcoin. I say before investing your time and money into bitcoins , one should take active part in such discussions to get a clear idea about all the things. Thank you for such a reliable knowledge.

[klee]

LTC into resistance zone.

Bitfinex:



BTC-e:



Be careful here..


EDIT: Support at around 5$. Guys if this goes to 7-7.5 it will test 10-12. If we pass 12 all bets are off, I get this strange feeling that the next mega bubble will be from LTC and not BTC. If BTC stays around 300$ while LTC passes 10$ (or LTCBTC>0.035) then this may be the beginning of the end for BTC...

[klee]

Jesus...

[8up]

Agree. The next mega bubble could be very well in Litecoin (sponsored by China). Even overtaking bitcoin seems possible. And for the best: This would be unexpected by market participants!  

If there is value in the blockchain, but capacity of bitcoin is to small. People will not pay for an expensive bitcoin solution, when there is a nearby and secure litecoin option.

Zero-marginal-cost is the thing that all the feemarket guys don't seem to have on their radar.

Edit: A feemarket can not be seen isolated in one crypto-currency only.

[klee]

First resistance block broken at Bitfinex!





BTCe is pushing:

[klee]

BTCe cleared some resistances too:



Seems we gonna test 10-12.

Cmon BTC you fuckin slug!

[dragonseer]

Interesting thread. I'm not much for chart analysis, but something tells me that Bitcoin is about to make a big move, and if you are too impatient right now, you might get suckered into a big LTC pump and dump in the meantime. We'll see I guess.

[klee]

Interesting thread. I'm not much for chart analysis, but something tells me that Bitcoin is about to make a big move, and if you are too impatient right now, you might get suckered into a big LTC pump and dump in the meantime. We'll see I guess.

It is EXTREMELY risky to trade LTC now, I agree. I will enter for a scalp at 7.5 up to 10-12.

But if it goes 12.5 I will go all fuckin in with a stoploss always 3 boxes below the current top (live PnF)

[nakaone]

very interesting method - ty for posting your insights.


I have a technical (?) question regarding PnF: Is there any objektive for the box size?

[klee]

very interesting method - ty for posting your insights.


I have a technical (?) question regarding PnF: Is there any objektive for the box size?

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts:pnf_scale_time

[macsga]

Interesting thread. I'm not much for chart analysis, but something tells me that Bitcoin is about to make a big move, and if you are too impatient right now, you might get suckered into a big LTC pump and dump in the meantime. We'll see I guess.

It is EXTREMELY risky to trade LTC now, I agree. I will enter for a scalp at 7.5 up to 10-12.

But if it goes 12.5 I will go all fuckin in with a stoploss always 3 boxes below the current top (live PnF)

Klee, you see now? That's why I asked to observe LTC. IF I'm right, it seems BTC will shortly follow... Let's see!

[klee]

Interesting thread. I'm not much for chart analysis, but something tells me that Bitcoin is about to make a big move, and if you are too impatient right now, you might get suckered into a big LTC pump and dump in the meantime. We'll see I guess.

It is EXTREMELY risky to trade LTC now, I agree. I will enter for a scalp at 7.5 up to 10-12.

But if it goes 12.5 I will go all fuckin in with a stoploss always 3 boxes below the current top (live PnF)

Klee, you see now? That's why I asked to observe LTC. IF I'm right, it seems BTC will shortly follow... Let's see!

I watch many alts with PnF, especially xmr, xrp, str & nxt - I plan to offer a service and that's why I don't want to give everything in this thread (there are a lot of details I am not sharing here guys, I hope you understand) but as a use case for people to understand PnF, LTC is perfect.

So I will cover it too!

[klee]

LTC resistance at 7.5$ seems to work so far

[phoenix1]

I plan to offer a service...

Good luck. Sincerely. P.S. I knew exactly what you were up to.

Congratulations! So did I, as he alredy said as much in a previous post - there has not been any deception here 

[TPTB_need_war]

I plan to offer a service...

Good luck. Sincerely. P.S. I knew exactly what you were up to.

Congratulations! So did I, as he alredy said as much in a previous post - there has not been any deception here  

I didn't read that earlier post. Have more important things to do. I never thought there was deception. Rather I have my opinion about the validity of methods which I won't elaborate further on. The market majority MUST be the greater fools. Who I am to tell them not to? I'd be wasting my breath, and stomping on the free market.

More power to you kLee. Good luck.

[dragonseer]

OK, I'm aboard this Litecoin train after coming up with a strategy and gazing at this chart:



Basically ready for the Greek decision I have around 4.5 BTC and moved .15 to Litecoin, betting that it will hit around $20 to Bitcoin's $400.

[klee]

Insane LTC rally. I will enter now a small position and all in if we break 12-12.5.
My target is 400 and maybe 2000...

BTCe:


Bitfinex:



TPTB I will answer you when I drink some coffee