PnF TA

[Wexlike]

It's great to see some PnF Charts again, Klee!

[klee]

It's great to see some PnF Charts again, Klee!

Under construction:

http://www.crypt-xo.com/

[klee]

http://imgur.com/a/1PMcE

[Gillette]

I wonder in which currency BTC will be withdrawn after the dump?  Fiat, LTC, Doge, XRP?   

[klee]

I wonder in which currency BTC will be withdrawn after the dump?  Fiat, LTC, Doge, XRP?   

Fiat & XRP IMO (regarding XRP it happened in ALL BTC bubble pops so why not? Also, it is reaching all time lows...)

[macsga]

I wonder in which currency BTC will be withdrawn after the dump?  Fiat, LTC, Doge, XRP?   

That would be a personal preference, I'm afraid. In any case I'd like to diversify to an "unlinked" to BTC currency / or crypto. The obvious reason is to try and hold your buying capabilities right after the crash...

[Gillette]

I wonder in which currency BTC will be withdrawn after the dump?  Fiat, LTC, Doge, XRP?   

That would be a personal preference, I'm afraid. In any case I'd like to diversify to an "unlinked" to BTC currency / or crypto. The obvious reason is to try and hold your buying capabilities right after the crash...

This "unlinked" currency is Fiat and XRP. Almost 50% of XRP trade volume comes from fiat. So I agree with klee - fiat and XRP are real candidates.

[klee]

I wonder in which currency BTC will be withdrawn after the dump?  Fiat, LTC, Doge, XRP?   

That would be a personal preference, I'm afraid. In any case I'd like to diversify to an "unlinked" to BTC currency / or crypto. The obvious reason is to try and hold your buying capabilities right after the crash...

This "unlinked" currency is Fiat and XRP. Almost 50% of XRP trade volume comes from fiat. So I agree with klee - fiat and XRP are real candidates.

Also DASH & XMR had strong rallies in a point that BTC was bleeding but there were some hack/theft/exit scam incidents too so it maybe not relevant.

[klee]

This will go nuts above 385, let's see if it will break the 335-350 zone to test it.

[dragonseer]

I wonder in which currency BTC will be withdrawn after the dump?  Fiat, LTC, Doge, XRP?   

That would be a personal preference, I'm afraid. In any case I'd like to diversify to an "unlinked" to BTC currency / or crypto. The obvious reason is to try and hold your buying capabilities right after the crash...

I'd be a little nervous watching Bitcoin rise at the moment if I hadn't already diversified into a few alts.  Dogecoin, Litecoin and Dash have had nice boosts recently to see that they aren't being left behind.  Ripple (XRP) has had no such luck, I might buy a little more as it seems cheap, but after all this time I still don't get how their tokens are linked to the international settlements they are courting.

Otherwise I think there are just a few more hurdles before this whole thing takes off 

[klee]

Huge accumulation between 215-305.

POs for this chart are:

Vertical 673
Horizontal: 330

I will go with the more conservative one (330) because it is confirmed by the 1st bullish resistance too!!

Because we have daily close, I expect the price to close at 330 area and spike higher, probably in the 340-355 area.

This will take time of course. Or not.

Mind you that the PO of the below long term chart for the upside maybe 350$ but for the downside is 102$:

Bitstamp 1d CLOSE 3%x3

The PO are based on the Vertical counts of the following columns:

1) The reversal X column from the 173$ low, which was partially hit (305$) but then was INVALIDATED by the triple bottom break. I still give this count though a chance because I wanna be good with Bitcoin (but this may be very wrong).*
2) The triple bottom break at 213$, which will need a new buy signal to get invalidated...

POs may be soft targets but they tend to give a pretty good feeling on where the pressure is heavier regarding the trend.

*Also because the trendline held.

Apologies, the X column vertical count gives 673, which is IMO invalidated for good. The PO was based on an horizontal count.
What we get from an horizontal count in case of a new breakout is 330$, which is about at the second bearish resistance line too (334$) and it makes more sense!

So to sum up, until we have a new breakout, the PO is 102$ but as long as we hold the bullish trendline we can have this only in the back of our head...

So, is it here?

[klee]

https://www.youtube.com/watch?v=2tOouHIGLBc

[hdbuck]

This will go nuts above 385, let's see if it will break the 335-350 zone to test it.

china already broke it. ^^

[klee]

This will go nuts above 385, let's see if it will break the 335-350 zone to test it.

china already broke it. ^^

Yeah, I mean for the western exchanges 

[Joerii]

https://www.youtube.com/watch?v=2tOouHIGLBc

Huh ? What did I just see ?

[klee]

https://www.youtube.com/watch?v=2tOouHIGLBc

Huh ? What did I just see ?

Lol I was making a joke that we reached the TOP.

Anyway, 331 is a buy signal....

[klee]

https://www.youtube.com/watch?v=2tOouHIGLBc

Huh ? What did I just see ?

Lol I was making a joke that we reached the TOP.

Anyway, 331 is a buy signal....

China did not follow and it double toped at 334.

[hdbuck]

https://www.youtube.com/watch?v=2tOouHIGLBc

Huh ? What did I just see ?

Lol I was making a joke that we reached the TOP.

Anyway, 331 is a buy signal....

China did not follow and it double toped at 334.

so what happens next?

[klee]

https://www.youtube.com/watch?v=2tOouHIGLBc

Huh ? What did I just see ?

Lol I was making a joke that we reached the TOP.

Anyway, 331 is a buy signal....

China did not follow and it double toped at 334.

so what happens next?

A new bear trend is now 33% probable (we closed daily below 318).
Another 33% will be if we close below 310 and another if we close 296 and lower.

If this was only a pullback, next stop will be between 345-385 (can't be more accurate at the moment).

As for lower targets we have 274, 255, 248

[BldSwtTrs]

A new bear trend is now 33% probable (we closed daily below 318).

Does that mean a bull trend is 66% probable?