PnF TA

[macsga]

Major resistance is broken on XMR, I believe we will reach 0.0017 easily and after that 0.0023-0.0024. If this is broken then we head for the moon. Maybe it's time to go all in XMR (I personally did so).

[dEBRUYNE]

Any update on XMR Klee? It broke the local high on volume:



But I am curious for your analysis as well.

I took ETH profit (gave a multiple top breakout at 401K satoshi) and entered XMR:

https://twitter.com/CryptXO/status/690931290036637696


EDIT: Ascending top & bottom triple top break, normally it should give decent amount of Xs.

Thanks, I already spotted that on twitter and was wondering if it was yours, because it looked oddly familiar.

[klee]

Any update on XMR Klee? It broke the local high on volume:



But I am curious for your analysis as well.

I took ETH profit (gave a multiple top breakout at 401K satoshi) and entered XMR:

https://twitter.com/CryptXO/status/690931290036637696


EDIT: Ascending top & bottom triple top break, normally it should give decent amount of Xs.

Thanks, I already spotted that on twitter and was wondering if it was yours, because it looked oddly familiar.

What's your ID there to follow you?

[dEBRUYNE]

Any update on XMR Klee? It broke the local high on volume:



But I am curious for your analysis as well.

I took ETH profit (gave a multiple top breakout at 401K satoshi) and entered XMR:

https://twitter.com/CryptXO/status/690931290036637696


EDIT: Ascending top & bottom triple top break, normally it should give decent amount of Xs.

Thanks, I already spotted that on twitter and was wondering if it was yours, because it looked oddly familiar.

What's your ID there to follow you?

PMed

[macsga]

BTC/LTC 0.0085 is a buy signal. If it's a strong break (ie: High Volume) we head for quite a ride.

[klee]

Above 0.0085 is a buy I agree.

I would not touch it if the LTCUSD pair is falling.
Many people though are just interested to increase their BTCs!

[klee]

https://twitter.com/CryptXO/status/692911570498797568

So we bounced indeed!

https://twitter.com/CryptXO/status/693021119075356672

[klee]

Strong sell today:

POLONIEX 1D XMRBTC HL 3%x3

[klee]

I am long $BTC here with a stop at 357$.

Long term long (investing).

Not suggesting anything.

My analysis though says it is a very good entry point and we have a pretty close stop (I will sell manual in a higher price of 357 if I can, in case this goes bad).

Bitfinex prices.

[8up]

I am long $BTC here with a stop at 357$.

Long term long (investing).

Not suggesting anything.

My analysis though says it is a very good entry point and we have a pretty close stop (I will sell manual in a higher price of 357 if I can, in case this goes bad).

Bitfinex prices.

Couldn't agree more. IMO we'll see some "unexpected" behaviour in the next 10 days.

[klee]

I am long $BTC here with a stop at 357$.

Long term long (investing).

Not suggesting anything.

My analysis though says it is a very good entry point and we have a pretty close stop (I will sell manual in a higher price of 357 if I can, in case this goes bad).

Bitfinex prices.

Couldn't agree more. IMO we'll see some "unexpected" behaviour in the next 10 days.

I should highlight however that below 355 the trend is bear again...

[hdbuck]

I am not sure what to think: any mining rig that is not making 50% margins will be unprofitable to operate after the halvening.
And difficulty should increase by then too so probably need 70% margins now to be operational then, unless price jumps.

what if the price does not jump? :/

[macsga]

I am not sure what to think: any mining rig that is not making 50% margins will be unprofitable to operate after the halvening.
And difficulty should increase by then too so probably need 70% margins now to be operational then, unless price jumps.

what if the price does not jump? :/

People will then switch to the next best thing (XMR, ETH, LTC, you name it).

[hdbuck]

I am not sure what to think: any mining rig that is not making 50% margins will be unprofitable to operate after the halvening.
And difficulty should increase by then too so probably need 70% margins now to be operational then, unless price jumps.

what if the price does not jump? :/

People will then switch to the next best thing (XMR, ETH, LTC, you name it).

POW asic can swithc to these shitcoin?

[macsga]

I am not sure what to think: any mining rig that is not making 50% margins will be unprofitable to operate after the halvening.
And difficulty should increase by then too so probably need 70% margins now to be operational then, unless price jumps.

what if the price does not jump? :/

People will then switch to the next best thing (XMR, ETH, LTC, you name it).

POW asic can swithc to these shitcoin?

I'm not talking about mining; I'm talking about investment / transition. Mining is far from being profitable for nearly every coin out there (with a few exceptions, which only last for hours when many learn about them). FWIW, I don't think that a doom scenario is en route for BTC; to the contrary I believe that the price will follow the network; and the network will always keep growing. We're nearly 8 years now since its beginning and believe it or not, BTC has still many believers.

I always keep an eye for alternatives though...

[Gillette]

I am not sure what to think: any mining rig that is not making 50% margins will be unprofitable to operate after the halvening.
And difficulty should increase by then too so probably need 70% margins now to be operational then, unless price jumps.

what if the price does not jump? :/

People will then switch to the next best thing (XMR, ETH, LTC, you name it).

POW asic can swithc to these shitcoin?

I'm not talking about mining; I'm talking about investment / transition. Mining is far from being profitable for nearly every coin out there (with a few exceptions, which only last for hours when many learn about them). FWIW, I don't think that a doom scenario is en route for BTC; to the contrary I believe that the price will follow the network; and the network will always keep growing. We're nearly 8 years now since its beginning and believe it or not, BTC has still many believers.

I always keep an eye for alternatives though...

Alternative what? Alternative coin or alternative tech?

[macsga]

@Gillette:
Yeah. Let me get this cleared out. It's no difference if you talk about the one or the other. The significance lies within adoption. Many technologies were not the best presented throughout the years, nevertheless, they dominated over their "better" alternatives. People just need working solutions, they don't really care if they're the "best".

I believe that's why BTC is not #1 currency right now in the world. Because we have fiat money that "works". That, until it won't anymore. IMHO there are plenty of stuff to look out for at the moment. Here are some links:

1. http://www.bloombergview.com/quicktake/negative-interest-rates
2. http://bruegel.org/2015/01/permanent-qe-and-helicopter-money/
3. http://www.zerohedge.com/news/2016-01-29/helicopter-money-arrives-switzerland-hand-out-2500-monthly-all-citizens

You can now understand why we NEED to look for alternatives. So we ALWAYS have a "plan B".

No rest for the wicked my friend.

[klee]

Sell ETH:

https://twitter.com/CryptXO/status/693820481582075905


Seems BTC pump is on the way...

[macsga]

Sell ETH:

https://twitter.com/CryptXO/status/693820481582075905


Seems BTC pump is on the way...

Yes, 0.0058 was a critical support. I expect 0.004xx area soon too (provided BTC climbs over 400$)

[Gillette]

Sell ETH:

https://twitter.com/CryptXO/status/693820481582075905


Seems BTC pump is on the way...

Agree 100% on both points !