PnF TA

[Fakhoury]

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

Thanks for the fast reply

What I meant is, is there some sort of Charts we can look at when what you says happens, or we will just witness a rally ?

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[klee]

Just to clarify again that PnF is time 'agnostic' so any timing speculation is based on my own independent gut feeling, experience etc.

[klee]

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

Thanks for the fast reply

What I meant is, is there some sort of Charts we can look at when what you says happens, or we will just witness a rally ?

You can watch a BTCGLD chart like the one in Vaultoro (maybe Bitgold has one too, haven't checked).

What you wanna see is 2 things:
1) Who has the upper hand?
2) The upper hand is rallying relatively to USD too?

[klee]

Watching the Gold PnF closer, I see there is strong support at 1000 and 700 too.

So maybe it will stop somewhere between 700-1000.

So the targets are 1000, 850 (median of 700-1000 range), 700, 500 and 300.

[Wexlike]

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

Thanks for the fast reply

What I meant is, is there some sort of Charts we can look at when what you says happens, or we will just witness a rally ?

You can watch a BTCGLD chart like the one in Vaultoro (maybe Bitgold has one too, haven't checked).

What you wanna see is 2 things:
1) Who has the upper hand?
2) The upper hand is rallying relatively to USD too?

But at the same time there is huge negative media coverage currently for gold.(bitcoin coverage is pretty friendly or at least neutral) What history showed us is that this might be a good time to buy some gold.

On the other hand, it is just a stupid stone.

[klee]

Yeah, after all maybe 1000$ is a good buy.

I don't trade Gold but if I did maybe I would buy somewhere between 970-1050, with stop at 945

[Fakhoury]

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

Thanks for the fast reply

What I meant is, is there some sort of Charts we can look at when what you says happens, or we will just witness a rally ?

You can watch a BTCGLD chart like the one in Vaultoro (maybe Bitgold has one too, haven't checked).

What you wanna see is 2 things:
1) Who has the upper hand?
2) The upper hand is rallying relatively to USD too?

Don't we think that Gold reached a dip point where it can't recover ?

As far as I've read on reddit, Gold is nearly dooming.

What are short/medium/long term specualtion Klee ?

[klee]

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

Thanks for the fast reply

What I meant is, is there some sort of Charts we can look at when what you says happens, or we will just witness a rally ?

You can watch a BTCGLD chart like the one in Vaultoro (maybe Bitgold has one too, haven't checked).

What you wanna see is 2 things:
1) Who has the upper hand?
2) The upper hand is rallying relatively to USD too?

Don't we think that Gold reached a dip point where it can't recover ?

As far as I've read on reddit, Gold is nearly dooming.

What are short/medium/long term specualtion Klee ?

Doomed below 250$

Short bounce at 970$

Can't say medium and long.

If it keeps falling, medium between 500-700, if it keeps falling long term 300$.

[hodlmybtc]

Short term shorting to 1000 looks good, definately support there if only for the round number.

[inca]

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

Thanks for the fast reply

What I meant is, is there some sort of Charts we can look at when what you says happens, or we will just witness a rally ?

You can watch a BTCGLD chart like the one in Vaultoro (maybe Bitgold has one too, haven't checked).

What you wanna see is 2 things:
1) Who has the upper hand?
2) The upper hand is rallying relatively to USD too?

Don't we think that Gold reached a dip point where it can't recover ?

As far as I've read on reddit, Gold is nearly dooming.

What are short/medium/long term specualtion Klee ?

Remember who owns and holds gold - every central bank in the world.

Consider that when everyone is telling you to sell and knows the price is doomed that it is probably getting close to a good time to buy

That said I havent bought any gold in 3 years. I will buy some if the price dips to 1000.

[klee]

It is pretty obvious to me that for some reasons (BTC insolvent?) OKCoin wants price down, while Finex, Stamp, Huobi up.

This is something the community should solve asap... OKCoin is a HUGE red flag IMO, we need them out. We can't stand another MtGox.

[hdbuck]

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

Thanks for the fast reply

What I meant is, is there some sort of Charts we can look at when what you says happens, or we will just witness a rally ?

You can watch a BTCGLD chart like the one in Vaultoro (maybe Bitgold has one too, haven't checked).

What you wanna see is 2 things:
1) Who has the upper hand?
2) The upper hand is rallying relatively to USD too?

Don't we think that Gold reached a dip point where it can't recover ?

As far as I've read on reddit, Gold is nearly dooming.

What are short/medium/long term specualtion Klee ?

Remember who owns and holds gold - every central bank in the world.

Consider that when everyone is telling you to sell and knows the price is doomed that it is probably getting close to a good time to buy

That said I havent bought any gold in 3 years. I will buy some if the price dips to 1000.

apparently armstrong see it go to $600

At the bottom, the opposite unfolds for everyone will be short. They will pile on looking for $600 gold and will count their profits upon entering the trade.

http://www.armstrongeconomics.com/archives/35035

[macsga]

It is pretty obvious to me that for some reasons (BTC insolvent?) OKCoin wants price down, while Finex, Stamp, Huobi up.

This is something the community should solve asap... OKCoin is a HUGE red flag IMO, we need them out. We can't stand another MtGox.

Regardless of BTC, China is on a SNAFU right now. I don't know when they will see all this splashing on their face; but I guess it will be soon. BTC forms a safe heaven for situations like this and OKcoin etc know this and most probably they have invested in (ie: already bought) this. Did you notice that we're going up btw?

[klee]

It is pretty obvious to me that for some reasons (BTC insolvent?) OKCoin wants price down, while Finex, Stamp, Huobi up.

This is something the community should solve asap... OKCoin is a HUGE red flag IMO, we need them out. We can't stand another MtGox.

Regardless of BTC, China is on a SNAFU right now. I don't know when they will see all this splashing on their face; but I guess it will be soon. BTC forms a safe heaven for situations like this and OKcoin etc know this and most probably they have invested in (ie: already bought) this. Did you notice that we're going up btw?

SNAFU?

Yes, I was ready to post!

Reversal at 284$:



Support 270-280, resistance 288-292

[Natalia_AnatolioPAMM]

It is pretty obvious to me that for some reasons (BTC insolvent?) OKCoin wants price down, while Finex, Stamp, Huobi up.

This is something the community should solve asap... OKCoin is a HUGE red flag IMO, we need them out. We can't stand another MtGox.

Regardless of BTC, China is on a SNAFU right now. I don't know when they will see all this splashing on their face; but I guess it will be soon. BTC forms a safe heaven for situations like this and OKcoin etc know this and most probably they have invested in (ie: already bought) this. Did you notice that we're going up btw?

Good point, agree wholeheartedly

[chessnut]

Okcoin have emergency funds coming out of their asses.... and unless they got hacked their futures service is zero sum this is part of the agreement.

[klee]

Okcoin have emergency funds coming out of their asses.... and unless they got hacked their futures service is zero sum this is part of the agreement.

Can you elaborate some more please? Not sure I understand your post (language barrier).

[klee]

Things getting interesting!

[klee]

WTF is wrong with this site again??  

For LTC the trade is easy - buy the break out at 5.5$ else short the hell out of it.
You can short at 4.75-5$ too but risky. <- redundant

BTC is a bit more complicated as a breakout now (300$) is right on to the resistance zone (300-304$).
I would buy at 305$ or short <272$
Alternatively you can short 288-292 range and/or 300-304 but a bit risky too.

Me ATM neutral.

[klee]

LTC encountered solid resistance at 4.75 and is now struggling to keep 4.5.

BTC seems to have paused at first resistance line at 288-292 too.

Will be a busy week!