PnF TA

[Ted E. Bare]

Nice try PnF peoples. I'm not selling anything.

[klee]

Nice try PnF peoples. I'm not selling anything.

Good for you.
You do have to take profit some day though, if not you don't need TA.

If yes, what is your method defining the take profit?

Also, I explicitly say to rebuy 700+ AND 15m close 4800+ (to avoid a bull trap).

[freshman777]

Nice try PnF peoples. I'm not selling anything.

Good for you.
You do have to take profit some day though, if not you don't need TA.

If yes, what is your method defining the take profit?

Also, I explicitly say to rebuy 700+ AND 15m close 4800+ (to avoid a bull trap).

When you're ready to take profits from Bitcoin, you won't have to
Seriously, should one take profits in depreciating fiat full of centralised risks? It's a big question that can make one refrain from selling at all. Hopping between Bitcoin and alts can be a safer option at this turbulent time. Sorry if this is off topic.

[klee]

Nice try PnF peoples. I'm not selling anything.

Good for you.
You do have to take profit some day though, if not you don't need TA.

If yes, what is your method defining the take profit?

Also, I explicitly say to rebuy 700+ AND 15m close 4800+ (to avoid a bull trap).

When you're ready to take profits from Bitcoin, you won't have to
Seriously, should one take profits in depreciating fiat full of centralised risks? It's a big question that can make one refrain from selling at all. Hopping between Bitcoin and alts can be a safer option at this turbulent time. Sorry if this is off topic.

Plan is to buy more BTC lol 

If I fail, well at least I tried

[klee]

Seriously now, another leg up will make this big time banana, my take profit then will be around 30% (eg 28%) increase in 24h (see bitcoinwisdom front page).

Then I am closing computer and will not check BTC price for a week...

[klee]

Oh boy, the 15m close chart will give a triple top break in a breakout, just realized it    

[freshman777]

Plan is to buy more BTC lol 

If I fail, well at least I tried

If I had your confidence about BTC undefeatability, life would be much simpler. Buy alts low, sell them high. Every time I want to sell alts high, I have to weigh in that Bitcoin's odds of survival haven't been rising; to the contrary. End of rant.

[Hunyadi]

This is the moment when you sell all your BTC and buy back at 700$ or 470-520$ area.

Yet again?

Yes, this is the way to increase the chances of catching a big drop.

Buying back at 600+ was not so bad. You lost a small percentage of BTC, so what?

I agree, that kind of cautious approach is good for traders.

[klee]

Plan is to buy more BTC lol 

If I fail, well at least I tried

If I had your confidence about BTC undefeatability, life would be much simpler. Buy alts low, sell them high. Every time I want to sell alts high, I have to weigh in that Bitcoin's odds of survival haven't been rising; to the contrary. End of rant.

Actually I am all in alts now.

I should have clarified that (so in a sense I have not sold).

I am bullish BTC long term (BTCUSD, BTCCNY etc) so there is no need IMO to ever go fiat in trades.
I have seen better results increasing my gains through alt trading (they have insane percentage gains) and I do not suffer from the greed/fear issues I have with BTC fiat pairs. Same gains with btc/fiat can only be achieved with margin (more than x5) which is extremely risky.


I expect 2 scenarios:

1) BTC retraces. ALTs go nuts again.
2) BTC breaks out again. ATH will be violated until Friday (max at weekend).
ALTs suffer loses but not so big as most expect. After ATH is broken, they go nuts too.

[sandiman]

Plan is to buy more BTC lol  

If I fail, well at least I tried

If I had your confidence about BTC undefeatability, life would be much simpler. Buy alts low, sell them high. Every time I want to sell alts high, I have to weigh in that Bitcoin's odds of survival haven't been rising; to the contrary. End of rant.

Actually I am all in alts now.

I should have clarified that (so in a sense I have not sold).

I am bullish BTC long term (BTCUSD, BTCCNY etc) so there is no need IMO to ever go fiat in trades.
I have seen better results increasing my gains through alt trading (they have insane percentage gains) and I do not suffer from the greed/fear issues I have with BTC fiat pairs. Same gains with btc/fiat can only be achieved with margin (more than x5) which is extremely risky.


I expect 2 scenarios:

1) BTC retraces. ALTs go nuts again.
2) BTC breaks out again. ATH will be violated until Friday (max at weekend).
ALTs suffer loses but not so big as most expect. After ATH is broken, they go nuts too.

Agree with you on ALTs, people tend to think they are weak when btc rise, but if you compare against Fiat they are showing good strenght, and as soon as BTC calm down, they'll show good strenght against it (even though some alts are already showing strengh against btc).

[freshman777]

I expect 2 scenarios:

1) BTC retraces. ALTs go nuts again.
2) BTC breaks out again. ATH will be violated until Friday (max at weekend).
ALTs suffer loses but not so big as most expect. After ATH is broken, they go nuts too.

Kind of what I expect too, "nuts" won't happen overnight though.

[klee]

BFX broke 700$

Let's see China...

[Kramerc]

Just wanted to step in and say that I'm loving the updates and the service, even though I'm currently not subscribed.

I just don't have enough time to trade too often, but I'll be happy to subscribe soon.

Cheers.

[klee]

Just wanted to step in and say that I'm loving the updates and the service, even though I'm currently not subscribed.

I just don't have enough time to trade too often, but I'll be happy to subscribe soon.

Cheers.

Thanks, take care!

[klee]

I own this market.

[klee]

Most important chart here.

[pontikis13]

Whats the interpretation of them? Do you see the price dripping to meet the green support lines?

[klee]

Whats the interpretation of them? Do you see the price dripping to meet the green support lines?

My interpretation is that BTC has 1 or max 2 weeks to break above 4800cny again (could happen of course), so this was a small pullback only.

First very strong support is 575 area, then 540-550, then 475-520.

I made more detailed analysis for my members which I would not like to say here public.

Point is it has to recover fast for 2 reasons (pretty obvious ones but will not disclose them).

[ssmc2]

Are you saying then that if we break 4800 again the next stop is ATH?

[klee]

Are you saying then that if we break 4800 again the next stop is ATH?

It will be cut like butter IMHO