PnF TA

[bbc.reporter]

@klee. Long time follower here. That looks like a baccarat trending chart. Anyway I would like to ask where do you think bitcoin is going from here. I see opposing views because some think it will break resistance and be on its way to $800. Others say that this is a triple top pattern and that bitcoin will go back down again. I want to know what your analysis is on the matter and why you have come to that conclusion.

[klee]

So China gave an extremely strong signal but West did not follow (almost triple top as you say):




I use BTC-e for various reasons but the situation is the same at other western exchanges. It seems we need to go 750+ to get the job done there.

So I could not predict the future but there is something weird in this pump which I don't like too but with Bitcoin it is always like this, you are never sure if the pump/dump is real until later.

I would suggest to stay long and bail if 680$ (btce). This is not a day trading advice as you understand because the 50$ (730->680) spread is pretty big but a lower threshold is very noisy at the moment.

[freshman777]

So China gave an extremely strong signal but West did not follow (almost triple top as you say):

Everybody knows China likes to fake volume. They are not pioneers after Willybot was first to do it but they excel at copying inventions. The West is smart to avoid this bull trap.

[sandiman]

So China gave an extremely strong signal but West did not follow (almost triple top as you say):

Everybody knows China likes to fake volume. They are not pioneers after Willybot was first to do it but they excel at copying inventions. The West is smart to avoid this bull trap.

the west smart money is trading in chinese exchange  but yes some exchange have "fake" volume, or just no fees and possibility to trade with yourself.

[klee]

This is an endless discussion guys.

IMO we should not care much because you can always move some BTC at China and trade these big moves. Sooner or later the rates will become equal and you can withdraw in BTC again.

The interesting coin to watch though now is ETH:




0.01225 doom
Next good entry around 0.008



Monero is interesting too (as always):



We double bottomed in the bullish support and had a buy signal (0.00895+)

Next breakout if it happens is around 0.012 and would be an ascending triple top break, which above 0.013 is breaking the bearish resistances too.
Currently we are at support with a very strong sell signal at 0.00556548 but you should not sell IMO because between 0.0026-0.0045 you buy with hands and feet.

[Kramerc]

I like what I'm reading, it's pretty much what I've been thinking as well. ETH dooming. XMR is between support and resistance, but a break down will likely take it to the .004 zone.

Cheers!

[klee]

[klee]

https://steemit.com/btccny/@cryptxo/bitcoin-p-and-f-ta

[hdbuck]

https://steemit.com/btccny/@cryptxo/bitcoin-p-and-f-ta

For downwards in a new post if we break below 5200.

brekk. gg. post?

[klee]

https://steemit.com/btccny/@cryptxo/bitcoin-p-and-f-ta

For downwards in a new post if we break below 5200.

brekk. gg. post?

Moon postponed for some time - I will have to investigate first before I post what's next.

Looking at the weekly Bollinger Bands and buying the median is a very safe bet. If we visit the lower line go on leverage (x3-x5)

[klee]

Buy below 5000cny, stop if all 3 Chinese exchanges break 4800

[klee]

Buy below 5000cny, stop if all 3 Chinese exchanges break 4800

Take profit around 5200-5300 and re-enter if we make a new high

[Gillette]

Klee begin grabbing as much btc as you can before it`s too late!

[klee]

Told ya to buy below 5000 and take profit 5200-5300 

Now catch the knife around 4700 with a stop at 4650. Buy both hands if it falls around 4000, stop 3850

Tips are welcome 

[klee]

We go long here or if we close more than 15m at 5300+




Stop loss 5075 (Huobi):





EDIT: These are short term trades

[klee]

https://twitter.com/CryptXO/status/802799957577203712

https://twitter.com/CryptXO/status/802800131531743232

[klee]

https://twitter.com/CryptXO/status/802801453282639872

[klee]

I have a special offer for Cyber Monday that will be valid until Sunday:

30% discount for my new subscribers!

PM me if you are interested

[Gillette]

Klee begin grabbing as much btc as you can before it`s too late!

As always, I was right this time as well! 

[klee]