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Author Topic: PnF TA  (Read 190601 times)
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August 12, 2015, 04:59:46 AM
 #481

Any update klee?
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klee (OP)
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August 12, 2015, 06:44:27 AM
 #482

Any update klee?
Hey guys I was travelling!

Not much to see on our main chart - seems that we found temp support where I said:

HL:



Seems we found some support between the 2 green lines (256 & 264) and the bearish support (we actually came almost over it - it is at 260, we went down to 260.62).

Maybe a bounce here.
If we reverse (which seems very probable), support at 268-272, resistance still at 288-296, breakout 300$.


On the 2$ box chart we have a reversal visible (it will be in the 4$ box if we hit 274$, we almost did moments ago):


Support 264-266, resistance 282-284. Breakout at 288$. Next resistance 290-294$.
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August 12, 2015, 07:22:37 AM
Last edit: August 12, 2015, 07:36:22 AM by klee
 #483

LTCUSD:



Triangle has to break. Buy 5.25$, sell/short 3$


BTCLTC:



Double bottom for LTC right on the support. Maybe good time to change your BTC for LTC. Stop 62 (0.01613).


IMO it is much better to be in LTC atm rather than BTC. Bitlicense issues plus the XT node uncertainty would make me really nervous to hold BTC now, especially on margin..

EDIT: Oups, I got confused. Actually BTC double bottomed regarding to LTC. Second part still valid for me.
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August 12, 2015, 07:42:49 AM
 #484

No  doom so far?
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August 12, 2015, 08:14:30 AM
 #485

No  doom so far?
Doom if happens will take time unless something really bad happens (like Bitfinex dumping thousands of coins at 15 Aug).
PnF trend is bearish until 300.

As far as I understand both MA & Theodore Modis expect assets to bottom between Jan and Aug 2016 (I would say spring is a good bet) so IMO maybe bottom medium term is not in for BTC. Not sure if we will fail to penetrate 300s before we go that direction or make a rally first (as TPTB anticipates based on MA's more short term view).

Another analyst I follow (can't name him) verifies too this scenario.

These 3 are the only analysts I know that predict and do it based on TIME too.

PnF does not predict and does not have time vector.

The strong sell from the catapult makes me biased that we will not penetrate 300 again but maybe I am wrong.

PS: TPTB, my analyst and Modis both expect higher high after 2016 storm...
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August 12, 2015, 08:24:53 AM
 #486

My other analyst revealed:



 Cool
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August 12, 2015, 08:33:58 AM
 #487

After I got confirmation that it's ok to reveal him:

https://bitcointalk.org/index.php?topic=762278.0
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August 12, 2015, 05:56:03 PM
Last edit: August 12, 2015, 07:40:57 PM by klee
 #488

2$ box HL made 3Os projections:



Right on the support. Now resistance is 268-270. This is nice because we will have either a breakdown (260) or break up (274) very close to the curent price. So at last we can make a short/medium term trade depending on where the triangle breaks...
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August 14, 2015, 06:13:24 AM
Last edit: August 14, 2015, 06:49:32 AM by klee
 #489

264:





LTCBTC triangle getting really tight! It will break soon:



1/63 (0,01587) is LTC buy.

EDIT: Below 0.01430 LTC is sell/short (1/70, 1/71)
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August 14, 2015, 06:55:16 AM
 #490

BTC has similar situation as it has on 9th July. Couple days later pop-up  happened.
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August 14, 2015, 06:57:07 AM
 #491

BTC has similar situation as it has on 9th July. Couple days later pop-up  happened.
I expect at least 285 to be tested, and probably 290 too. At 292 the 2$ box is a clear buy though the 4$ box is on the final and most tough resistance zone!

I am long since 265 before some hours...
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August 14, 2015, 07:00:26 AM
 #492

264:





LTCBTC triangle getting really tight! It will break soon:



1/63 (0,01587) is LTC buy.

EDIT: Below 0.01430 LTC is sell/short (1/70, 1/71)

I guess it will break indeed quite soon
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August 14, 2015, 07:04:44 AM
 #493

LTCBTC triangle getting really tight! It will break soon:



1/63 (0,01587) is LTC buy.

EDIT: Below 0.01430 LTC is sell/short (1/70, 1/71)

I guess it will break indeed quite soon
One more down - LTC gaining momentum:

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August 14, 2015, 07:57:42 AM
 #494

Gold is rallying. Armstrong predicts $1155 max. Will BTC follow?

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August 14, 2015, 08:09:48 AM
 #495

Gold is rallying. Armstrong predicts $1155 max. Will BTC follow?

BTC has similar situation as it has on 9th July. Couple days later pop-up  happened.
I expect at least 285 to be tested, and probably 290 too. At 292 the 2$ box is a clear buy though the 4$ box is on the final and most tough resistance zone!

I am long since 265 before some hours...
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August 14, 2015, 08:57:36 AM
 #496

Many expect a dump from Finex on 15th and from speculators anticipating a possible dump. So probably a certain amount of coins WILL be dumped.

But if this is not a big amount, I expect a big move upwards...
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August 14, 2015, 09:10:43 AM
 #497

Many expect a dump from Finex on 15th and from speculators anticipating a possible dump. So probably a certain amount of coins WILL be dumped.

But if this is not a big amount, I expect a big move upwards...

From Monday forth, the Gemini news should start floating the space. IMHO, this is a significant enough factor for the price to go North. TBH, I expected it within the weekend, but traditionally BTC does nothing on weekends, so...

Chaos could be a form of intelligence we cannot yet understand its complexity.
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August 15, 2015, 09:58:24 PM
 #498

But but... Cup & Handle!... Golden cross!!!   Huh Huh Huh Cry Embarrassed Undecided Cry

(Sorry guys, had to brag!)

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August 15, 2015, 10:08:27 PM
 #499

But but... Cup & Handle!... Golden cross!!!   Huh Huh Huh Cry Embarrassed Undecided Cry

(Sorry guys, had to brag!)


I dont understand last post you said we were going up and now you say bearish catapult breakdown. Brag about what ? Sad Explain please!
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August 15, 2015, 10:11:05 PM
 #500

But but... Cup & Handle!... Golden cross!!!   Huh Huh Huh Cry Embarrassed Undecided Cry

(Sorry guys, had to brag!)


I dont understand last post you said we were going up and now you say bearish catapult breakdown. Brag about what ? Sad Explain please!
Brag about the clear signals PnF patterns give. Even me is still falling into bad habbits of the past and haven't shorted this shit because I thought it was just a bad parenthesis...

Supply & Demand my friend, as simple as this.
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