PnF TA

[klee]

how's bitcoin doing klee? expecting lower lows or what? (cuz i obv didnt close some longs heh )

I don't care about BTC to be honest - when Bitcoin suffers, alts party.

Important thing is to be in cryptos until (and if) the whole crypto market becomes bearish again.

That said, a double bottom (560) or even a flash crash at around 460 is possible but so what? Long term we are still bullish.

Below 400 real troubles...

(Some people think I day trade while in fact I am super long term bullish on BTCUSD and just having fun increasing my Bitcorns via alts. It is very easy basically, buy them when BTC rallies and they are extremely oversold and sell them when BTC is bleeding like now and they become overbought - like XEM yesterday).

[hdbuck]

how's bitcoin doing klee? expecting lower lows or what? (cuz i obv didnt close some longs heh )

I don't care about BTC to be honest - when Bitcoin suffers, alts party.

Important thing is to be in cryptos until (and if) the whole crypto market becomes bearish again.

That said, a double bottom (560) or even a flash crash at around 460 is possible but so what? Long term we are still bullish.

Below 400 real troubles...

(Some people think I day trade while in fact I am super long term bullish on BTCUSD and just having fun increasing my Bitcorns via alts. It is very easy basically, buy them when BTC rallies and they are extremely oversold and sell them when BTC is bleeding like now and they become overbought - like XEM yesterday).

I hear you, I'm long term permabull on BTC, but i'm just trying to figure out the probability of a setback to $460-560 range or even lower, cuz I closed some longs that I would like to reopen without getting squeezed by the media hype since brexit, and considering the 2 weeks^tm halving incoming.

Also I'm long LTC now, so if there would be a pump that'd be good.

[klee]

how's bitcoin doing klee? expecting lower lows or what? (cuz i obv didnt close some longs heh )

I don't care about BTC to be honest - when Bitcoin suffers, alts party.

Important thing is to be in cryptos until (and if) the whole crypto market becomes bearish again.

That said, a double bottom (560) or even a flash crash at around 460 is possible but so what? Long term we are still bullish.

Below 400 real troubles...

(Some people think I day trade while in fact I am super long term bullish on BTCUSD and just having fun increasing my Bitcorns via alts. It is very easy basically, buy them when BTC rallies and they are extremely oversold and sell them when BTC is bleeding like now and they become overbought - like XEM yesterday).

I hear you, I'm long term permabull on BTC, but i'm just trying to figure out the probability of a setback to $460-560 range or even lower, cuz I closed some longs that I would like to reopen without getting squeezed by the media hype since brexit, and considering the 2 weeks^tm halving incoming.

Also I'm long LTC now, so if there would be a pump that'd be good.

Can't predict the future without a good signal/pattern but 4400+ will be good...

[dukas93]

Hi Klee,
 I'm went all in when fct hit 1800 like you said. Should I hold it, what do you think? And could it hit 3000 sat in the near future.

[bbc.reporter]

how's bitcoin doing klee? expecting lower lows or what? (cuz i obv didnt close some longs heh )

I don't care about BTC to be honest - when Bitcoin suffers, alts party.

Important thing is to be in cryptos until (and if) the whole crypto market becomes bearish again.

...

Isn't it the other way around? When bitcoin suffers, altcoins also suffer in fiat value. And the logical thing to do is to short btc rather than hold alts. On the other hand, when bitcoins go up in fiat value, so do alts. But some alts grow faster against fiat making it grow faster vs bitcoin as well. So the logical move would be to hold those alts with the fast growth potential.

Please correct me if I'm wrong. But that's my impression of the btc - alts market. I would appreciate to be corrected and enlightened.

[klee]

Hi Klee,
 I'm went all in when fct hit 1800 like you said. Should I hold it, what do you think? And could it hit 3000 sat in the near future.

It depends on your goals (portfolio/risk management)

Long term you can hold, my PO for XEM is around 10k (of course it may never get hit), but I see it probably retesting the ATH (double top) too.

If you are medium/short term capitulate at 1350 and buy back in the 650-750 & 10001200 area.

[klee]

how's bitcoin doing klee? expecting lower lows or what? (cuz i obv didnt close some longs heh )

I don't care about BTC to be honest - when Bitcoin suffers, alts party.

Important thing is to be in cryptos until (and if) the whole crypto market becomes bearish again.

...

Isn't it the other way around? When bitcoin suffers, altcoins also suffer in fiat value. And the logical thing to do is to short btc rather than hold alts. On the other hand, when bitcoins go up in fiat value, so do alts. But some alts grow faster against fiat making it grow faster vs bitcoin as well. So the logical move would be to hold those alts with the fast growth potential.

Please correct me if I'm wrong. But that's my impression of the btc - alts market. I would appreciate to be corrected and enlightened.

My view in this is long term, I should have clarified.
So as long as BTCUSD/BTCCNY is bullish (long term again) the simple thing to do is to increase your coinz in general (you could increase your ETHs or XMRs or whatever but for most it makes more sense to do it with Bitcoin).

To give you an example, BTC becomes full bear IMO below 400 (technically at 380, practically below 425 so let's say 400).

Imagine you could sell at 750 and buy back at 575. 23% profit in BTCs.
Meanwhile you could just buy NXT at 2000 and sell at 4000. Profit 100% in BTC

So around 75% in USD, right?

Now some may prefer to short BTCUSD but I don't like margin trading for fees, risks etc

Hope I helped and I am not making any important mistake in this strategy.

EDIT: Below 400$ you go something like 90% fiat and 10% play BTC at Polo for some crazy shit happening (it will!)
Also, in a general bear market in cryptos (we have been there for 2 years in the past, with the exceptions of XRP, DASH & XMR rallies) you could short the weaker alts (eg LTC, BTS) but as I said, I don't like shorting.

[dukas93]

Hi Klee,
 I'm went all in when fct hit 1800 like you said. Should I hold it, what do you think? And could it hit 3000 sat in the near future.

It depends on your goals (portfolio/risk management)

Long term you can hold, my PO for XEM is around 10k (of course it may never get hit), but I see it probably retesting the ATH (double top) too.

If you are medium/short term capitulate at 1350 and buy back in the 650-750 & 10001200 area.

 Thanks for your advice. Hope it will get to 10k soon. And about FCT, saw it raised high about 2 days, do you have any idea about this coin?

[klee]

Hi Klee,
 I'm went all in when fct hit 1800 like you said. Should I hold it, what do you think? And could it hit 3000 sat in the near future.

It depends on your goals (portfolio/risk management)

Long term you can hold, my PO for XEM is around 10k (of course it may never get hit), but I see it probably retesting the ATH (double top) too.

If you are medium/short term capitulate at 1350 and buy back in the 650-750 & 10001200 area.

 Thanks for your advice. Hope it will get to 10k soon. And about FCT, saw it raised high about 2 days, do you have any idea about this coin?

Strong resistance at 270-280k, if you are long take profit there. Buy back if 290k (use small amount).

Weak support at 220k, very strong 110-113k, stop loss (if you buy there) 90k.
I would try to enter at 95K (this would be a long term trade).

[dukas93]

Hi Klee,
 I'm went all in when fct hit 1800 like you said. Should I hold it, what do you think? And could it hit 3000 sat in the near future.

It depends on your goals (portfolio/risk management)

Long term you can hold, my PO for XEM is around 10k (of course it may never get hit), but I see it probably retesting the ATH (double top) too.

If you are medium/short term capitulate at 1350 and buy back in the 650-750 & 10001200 area.

 Thanks for your advice. Hope it will get to 10k soon. And about FCT, saw it raised high about 2 days, do you have any idea about this coin?

Strong resistance at 270-280k, if you are long take profit there. Buy back if 290k (use small amount).

Weak support at 220k, very strong 110-113k, stop loss (if you buy there) 90k.
I would try to enter at 95K (this would be a long term trade).

 Thank you very much. I was in when it was about 160k. I'm a long term so want to make sure it could be hit a little higher than 290k. But will take profit as you advised. Thanks again.

[Bit2EZ]

Hi klee, only just started using PnF, really enjoying your thread.

I got out of FCT at 250k, do you think we will see another dip prior to testing 280k?

Also in XEM, do you think we have hit a floor at 1400 or are we headed sub 1200?

[klee]

Hi klee, only just started using PnF, really enjoying your thread.

I got out of FCT at 250k, do you think we will see another dip prior to testing 280k?

Also in XEM, do you think we have hit a floor at 1400 or are we headed sub 1200?

I don't predict movements, I see (with proper PnF settings) strong supports/resistances, clear signals and strong patterns.

Right now the setup is clear - it needs to go 290k and then it will rally hard probably. I would advise to re-enter only after that with a small position (volatility).

XEM medium term will drop to 650-1250 if BTC breaks 4400 (Huobi) and tests 5000cny area.

At 5200+ prepare for ALT tragedies....

[klee]

Hi klee, only just started using PnF, really enjoying your thread.

I got out of FCT at 250k, do you think we will see another dip prior to testing 280k?

Also in XEM, do you think we have hit a floor at 1400 or are we headed sub 1200?

I don't predict movements, I see (with proper PnF settings) strong supports/resistances, clear signals and strong patterns.

Right now the setup is clear - it needs to go 290k and then it will rally hard probably. I would advise to re-enter only after that with a small position (volatility).

XEM medium term will drop to 650-1250 if BTC breaks 4400 (Huobi) and tests 5000cny area.

At 5200+ prepare for ALT tragedies....

Nice surprise that XEM seems entangled for now with BTC!

It is in buy mode since 1800-1850. Short term target 2350-2450.
Medium term around 3000.

[dukas93]

Have Pm you, please check inbox.

[klee]

Hi klee, only just started using PnF, really enjoying your thread.

I got out of FCT at 250k, do you think we will see another dip prior to testing 280k?

Also in XEM, do you think we have hit a floor at 1400 or are we headed sub 1200?

I don't predict movements, I see (with proper PnF settings) strong supports/resistances, clear signals and strong patterns.

Right now the setup is clear - it needs to go 290k and then it will rally hard probably. I would advise to re-enter only after that with a small position (volatility).

XEM medium term will drop to 650-1250 if BTC breaks 4400 (Huobi) and tests 5000cny area.

At 5200+ prepare for ALT tragedies....

Nice surprise that XEM seems entangled for now with BTC!

It is in buy mode since 1800-1850. Short term target 2350-2450.
Medium term around 3000.

Sell the news but with no big volume. So up it seems...

[klee]

[600watt]

up?

[klee]

1575

[klee]

1575

A more conservative target is 975-1000 for the next leg up.

[600watt]

1575

A more conservative target is 975-1000 for the next leg up.

i believe in bitcoin.

and in klee.