klee (OP)
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December 06, 2016, 11:16:43 AM |
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Kramerc
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December 06, 2016, 01:54:37 PM |
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Disappointing catapult for now, bitcoin @ weekly, no?
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klee (OP)
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December 06, 2016, 02:20:44 PM |
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Disappointing catapult for now, bitcoin @ weekly, no?
BTCCNY catapult at 5300? If so, yes it is disappointing and one of the reasons I think we topped short/medium term...
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Kramerc
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December 06, 2016, 10:48:00 PM |
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At 5500 cny, isn't it? But yeah, that;s the one I'm talking about.
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klee (OP)
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December 06, 2016, 11:01:03 PM |
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At 5500 cny, isn't it? But yeah, that;s the one I'm talking about.
Catapult was the previous X column (triple top break, reversal, new breakout)
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klee (OP)
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December 06, 2016, 11:09:47 PM |
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On the other hand, BTC-e has a catapult too (at 740$) which is still valid and it did not even reverse: Situation at Stamp & BFX is different because they did not make a spread double top break (yet).
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Kramerc
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December 07, 2016, 07:51:44 AM |
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In my opinion, BTC-e is the most balanced exchange; never overextends on the panic dumps (usually indicating a real bottom to the other exchanges), never overextends on the rallies either (on the $500 spike it stopped at $459, only to make higher highs in the following days), and I find it very bullish that it is btc-e who managed to make HHs on this rally, alongside china.
We shall soon see, I guess.
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klee (OP)
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December 07, 2016, 08:03:19 AM |
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In my opinion, BTC-e is the most balanced exchange; never overextends on the panic dumps (usually indicating a real bottom to the other exchanges), never overextends on the rallies either (on the $500 spike it stopped at $459, only to make higher highs in the following days), and I find it very bullish that it is btc-e who managed to make HHs on this rally, alongside china.
We shall soon see, I guess.
Totally agree - if only TradingView supported Coindesk and/or Tradeblock indexes...
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klee (OP)
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December 07, 2016, 06:30:44 PM |
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klee (OP)
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December 08, 2016, 02:27:44 PM |
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A bearish catapult (0.00028) will probably take us to 0.00015 area (meeting the Price Objective from the O reversal column, after the failed triple top break -bulltrap?) Meanwhile, BTC hit the 50% reversal (5386) from the recent spike at 5550 to the low at 5222 (okcoin). So I expect at least 61.8-78.6% retrace.
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klee (OP)
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December 09, 2016, 08:34:55 AM |
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$BTC buy zones in case of a dump/selloff:
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600watt
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December 09, 2016, 08:39:38 AM |
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^^ let´s buy all the zones!
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klee (OP)
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December 09, 2016, 08:49:54 AM |
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^^ let´s buy all the zones!
Pyramid bids Just to clarify, I am not saying it will dump but if it does then we have the above support areas.
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windjc
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December 09, 2016, 09:21:26 AM |
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A bearish catapult (0.00028) will probably take us to 0.00015 area (meeting the Price Objective from the O reversal column, after the failed triple top break -bulltrap?) I'll gladly put a side bet of up to 25 BTC that GAME is not going anywhere near 15k sats. It already went to 27kish. GAME continues to outperform every altcoin since its inception as was documented 3rd party this month. 15k sats would mean that there is someone or a group of someones that owns enough that are not long term holders that can dump it down. There simply aren't such people that exist. Furthermore, all of this would need to happen within the next week, before a list of more announcements are made. GAME is definitely a coin where you need to dig deep into the (gasp) fundamentals before understanding the charts.
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klee (OP)
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December 09, 2016, 09:29:19 AM |
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A bearish catapult (0.00028) will probably take us to 0.00015 area (meeting the Price Objective from the O reversal column, after the failed triple top break -bulltrap?) I'll gladly put a side bet of up to 25 BTC that GAME is not going anywhere near 15k sats. It already went to 27kish. GAME continues to outperform every altcoin since its inception as was documented 3rd party this month. 15k sats would mean that there is someone or a group of someones that owns enough that are not long term holders that can dump it down. There simply aren't such people that exist. Furthermore, all of this would need to happen within the next week, before a list of more announcements are made. GAME is definitely a coin where you need to dig deep into the (gasp) fundamentals before understanding the charts. Price Objective - http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts:pnf_vertical_countIt is not my estimation, the chart points there. Will it be met? I don't know. My take is that we will retest 25 area. EDIT: "Keep in mind that these Price Objectives are rough estimates based on P&F charting techniques. There is no guarantee that prices will reach the objective."
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klee (OP)
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December 09, 2016, 09:31:28 AM |
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See this horizontal green line at 26? It is the breakout price that acts as support - I am a buyer there!
EDIT: 29 has double support so it will be tough to break - it can happen though. So spread the bids at around 30 and 25 with ratios depending on your risk management.
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windjc
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December 09, 2016, 09:34:03 AM |
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See this horizontal green line at 26? It is the breakout price that acts as support - I am a buyer there!
Ok, I am confused, as your post says if it breaks 28 it "probably" goes to 15. So you must be buying 26 for a very short term bounce on the way to 15? But, while I like these charts generally, I have first hand information regarding the fundamentals of this coin. 15k would be a price target for an extended bear run probably lasting months. And that just can not happen in my estimation.
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klee (OP)
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December 09, 2016, 09:38:54 AM |
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See this horizontal green line at 26? It is the breakout price that acts as support - I am a buyer there!
Ok, I am confused, as your post says if it breaks 28 it "probably" goes to 15. So you must be buying 26 for a very short term bounce on the way to 15? But, while I like these charts generally, I have first hand information regarding the fundamentals of this coin. 15k would be a price target for an extended bear run probably lasting months. And that just can not happen in my estimation. Before I try to explain (with EDIT) here is an update: Double bottom! I am posting and then will EDIT it. EDIT: So, first of all it is important to note that this is a CLOSE chart so the support/resistances may spike lower/higher respectively. Now, closing 15m at 28 and below is a bearish catapult which is one of the strongest sell signals in P&F. This combined with the 15 PO makes me think it is quite probable to have a sell off with a spike even at around 15 area. But we will close probably around 26 support. I hope this clarifies it. Regarding fundamentals, I will not argue but I see now that for 15 it takes around 1.4m GAME to dump with one go (not very likely of course). My question to you is: do you know ALL game whales with amounts like this? Are you 100% sure that they will not dump in case BTC breaks higher (very probable)? Just asking, not provoking you.
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klee (OP)
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December 09, 2016, 09:56:05 AM |
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Here is the weekly HL: Still on buy mode (it updates at Sunday). It has reversed at current price but HL gives priority to current trend until timeframe closes (Sunday 00:00 Polo time)
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windjc
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December 09, 2016, 06:34:56 PM |
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See this horizontal green line at 26? It is the breakout price that acts as support - I am a buyer there!
Ok, I am confused, as your post says if it breaks 28 it "probably" goes to 15. So you must be buying 26 for a very short term bounce on the way to 15? But, while I like these charts generally, I have first hand information regarding the fundamentals of this coin. 15k would be a price target for an extended bear run probably lasting months. And that just can not happen in my estimation. Before I try to explain (with EDIT) here is an update: Double bottom! I am posting and then will EDIT it. EDIT: So, first of all it is important to note that this is a CLOSE chart so the support/resistances may spike lower/higher respectively. Now, closing 15m at 28 and below is a bearish catapult which is one of the strongest sell signals in P&F. This combined with the 15 PO makes me think it is quite probable to have a sell off with a spike even at around 15 area. But we will close probably around 26 support. I hope this clarifies it. Regarding fundamentals, I will not argue but I see now that for 15 it takes around 1.4m GAME to dump with one go (not very likely of course). My question to you is: do you know ALL game whales with amounts like this? Are you 100% sure that they will not dump in case BTC breaks higher (very probable)? Just asking, not provoking you. I'm not trying to provoke either. Thanks for the explanation. And to answer your question, the answer is yes, I do know all those whales. And I know no one is going to dump like that. They are all working full time on the project.
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