PnF TA

[r3t4rD4life]

Made a solid 12% buying NXT when klee mentioned it in the private channel and selling where most would say is too early. Either way, would never have done that trade if I wasn't apart of Crypt-XO. It's definitely worth it.

[sandiman]

Could we be witnessing one of the funniest continuation pattern on ethereum chart? A nice cup with handle 



The fact that we saw a decrease in ETH value since last week high on low volume could be a bullish sign.

Cup with handle is legitimate : http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation

[klee]

Could we be witnessing one of the funniest continuation pattern on ethereum chart? A nice cup with handle 



The fact that we saw a decrease in ETH value since last week high on low volume could be a bullish sign.

Cup with handle is legitimate : http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation

Can you update the C&H here?

I can't comment on candle patterns (like H&S, C&H etc) but I think all of the previous times people were talking about these 2 patterns, they were always destroyed.

I would not count much on these to be honest.

On the other hand, P&F patterns are more solid (actually P&F is the best way to do pattern recognition in charts) and they are clearly illustrating the supply & demand battle (hence they could not be tricked/manipulated as often as candle patterns).

[sandiman]

Could we be witnessing one of the funniest continuation pattern on ethereum chart? A nice cup with handle 



The fact that we saw a decrease in ETH value since last week high on low volume could be a bullish sign.

Cup with handle is legitimate : http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation

Can you update the C&H here?

I can't comment on candle patterns (like H&S, C&H etc) but I think all of the previous times people were talking about these 2 patterns, they were always destroyed.

I would not count much on these to be honest.

On the other hand, P&F patterns are more solid (actually P&F is the best way to do pattern recognition in charts) and they are clearly illustrating the supply & demand battle (hence they could not be tricked/manipulated as often as candle patterns).

As you said C&H was detroyed, support is broken. 

[klee]

Regarding ETH (short to medium term chart):




Big move either way.

My body is ready VitalikA!

[macsga]

Down we go...

Hint: Lisk

[klee]

This trendline is a wall of steel:

[klee]

[meh32123]

The Wall of Steel is a resistance of steel now? :-)

[klee]

The Wall of Steel is a resistance of steel now? :-)

Yeap, it got demolished!

[klee]

Bottom is in, now 3153?

Yes, normally we should retest 2950-3000 area.

I suspect we might break 3040 and test 3150 too, even breaking 3150 and testing 3300-3350.

Just speculating though in the last sentence.

Chart of the day is the next one:




Why??  

[hdbuck]

so basically the only way from here is up? up up?

[klee]

so basically the only way from here is up? up up?

Yes man, TA says that if we close 8h 3250+ and/or spike 3350+ we will visit 4000 by weekend probably.

But we may stop here for a while and fall back in the 3050-3075 area.

[sandiman]

img]https://www.tradingview.com/x/UUVxyBDH/[/img]

Bottom is in, now 3153?

Yes, normally we should retest 2950-3000 area.

I suspect we might break 3040 and test 3150 too, even breaking 3150 and testing 3300-3350.

Just speculating though in the last sentence.

img]https://www.tradingview.com/x/8L03nyyS/[/img]


Chart of the day is the next one:

img]https://www.tradingview.com/x/7w0TWuhY/[/img]


Why??  

Nice calls !! Are you using trading view and so the "pro" offer to make PnF analysis at intra-day level ?

[klee]

img]https://www.tradingview.com/x/UUVxyBDH/[/img]

Bottom is in, now 3153?

Yes, normally we should retest 2950-3000 area.

I suspect we might break 3040 and test 3150 too, even breaking 3150 and testing 3300-3350.

Just speculating though in the last sentence.

img]https://www.tradingview.com/x/8L03nyyS/[/img]


Chart of the day is the next one:

img]https://www.tradingview.com/x/7w0TWuhY/[/img]


Why??  

Nice calls !! Are you using trading view and so the "pro" offer to make PnF analysis at intra-day level ?

Yes but we are ready to release our own PnF charting tools as standalone service or as a bonus for the Slack subscribers.

Keep in mind guys that the products may be restructured at any time if we decide it will be best suited for us (eg disband the monthly subscribers package, increase subscription fees etc).

My plan is to offer in the future 2 independent dirty cheap tools (charts TV like -in the beginning only PnF- plus it's social networking features and a Signal Bot).

I will probably make the Slack team more 'VIP' style and will consider if I will offer another service of weekly reports (bullbear analytics style).

The latter is not my main goal though, I wanna focus on quality TA for few, researching on how to enhance PnF & my TA and developing products like the aforementioned....

[HmmMAA]

I'd like to thank you for the great service . Hopefully some day after much reading i will have a "crystal ball" like yours .

[klee]

https://twitter.com/CryptXO/status/736455783102087168

[klee]

https://twitter.com/CryptXO/status/736504979632984064

[Hunyadi]

https://twitter.com/CryptXO/status/736455783102087168

How is the updated chart?

[klee]

https://twitter.com/CryptXO/status/736455783102087168

How is the updated chart?

We hit the horizontal resistance and will probably fall back in the double resistance cross



Very typical CLOSE chart behavior.

Quote:

02:05
Huobi hit 3944 for f@ck's sake
02:05
What do you expect?
02:05
If it was to break 4000 it would have happened in this spike...
02:06
If it does break it, all bets are off...