No argument for me..I am expecting up as I say... just noting that the $817 level I pointed out yesterday as being a potential resistance/pivot/support level has indeed done so for the past 12 hours baring minor dips out but not out of the channels... I am going to continue to track the pivots and levels I have posted and see how they continue to play out... as a bit o fun
LOL... u guessed 20 numbers between 725-991, added "-ish" to those numbers, called this a "channel" and now claim victory that the price hovered around one of your "-ish" guesses for 3 hours. On top of that you said "i expect it to go up but it could go sideways and here are some lower prices in case it falls."
Quick, sign me up for your newsletter, Nostradamus. Care to give us another $250 range guess in quatrain?
Oh dear , I am sorry,, you are right I posted a scenario and it actually played out for 24 hours so far and continues to ...
sorry how stupid of me... I shall only post photos of flying trains from now on, that is what we are here for silly me...
lol... maybe you should learn how to read! and what support and resistance and pivot points are. -
EDIT Sorry I am a cranky fckr in the mornings I
predicted channels and pivot levels.... so ermm yeah... take a read
try to understand what that actually means , before you start to ridicule someone, before you know, talking a load of words that do not make sense.. I am not trading from these charts anyway , I am a fundamentals guy... I already posted that
I am an idiot posting this for fun.. but no still not good enough for ya...
As I have already posted , I put the downside support and pivot levels in place as they could come into play
e.g the price $817 first acted as support , then turns pivot, the next level of support is $800 and the next level above it is $825
so in that scenario as soon as we hit $817 then :
Resistance level 1= $825
PIVOT level= $817 - $817 was the support level turned pivot.
Support level 1= $800
SO the price was stuck there $817 for around 12 hours (now almost 24 hours) and still has not really traded out of the range I gave for the
first channel = of $800 - $817 - $825 ... for
24 hours now - plus I called the pivot of $817 sorry if $817 is not specific enough for you $817 a key pivot = YUP we have been pivoting around here for 24 hours ish
$800 next support = YUP we have not broken this
$825 Next resistance= YUP we have not broken this.
This is how posting support and resistance and pivot levels works !! so my numbers showing the different potential pivot points are actually quite specific... well very specific , and also the first set of numbers each side of the current price are the 1st most probable figures to be traded around.
Added to that I have stated yesterday that we a trading sideways at around $820-$ 825 , I also stated that I see us going up form here , but that there are downside supports, and I have stated the levels going in both directions that I see resistance and psychological resistance and support...and plus I have explained that this is covering how I see a BREAKOUT as I am basing the figures on FIBBONANCI RETRACEMENTS (a form of TA that I did not invent by the way) and I say that this is only valid if the breakout occurs now, or within the next few weeks.
So basically I posted a scenario and so far it as played out... the "magic price" could have traded to ANYTHING in the last 24 hours but it has not.
What I was trying to point out is there MAY be some resistance points around fib retracement lines.... so I posted the retracement lines, and their pivot points... out of interest… on this price movement and speculation thread..
The reason I posted a the figure of $775- $820 for the SIDEWAYS scenario, was just incase we do not get an actualy breakout within the next few weeks.
I am not saying this is going to play out, but I am saying
I did not invent Fibbonanci retracement lines or support levels or resistance levels - it is something I learned about 7 or 8 years ago and have seen it used to very good effect to describe RETRACEMENTS of moves, I have used in the PM market to sucess myelf (sometimes) and seen it used a lot by old timer traders that have been in the game trading for 30/40 years - I repeat I did not make this up myself, I am just passing it on.
At least I actually speculated and gave specific figures and specific reasons (ie Fib lines, or fiblines intersecting with psychological resistance levels) and I have come and stated it for the world to see, as sstated earlier I can just go back to posting pictures of flying trains... choo choo, my kid likes it when I make the noise.. oh how he loves it, maybe I shall get him to post (he would probably be as accurate as most here, myself included ; )
I may not be nostradamus, but I am not trying to be, just playing out a public experiment- did I mention I am a buyer and a holder of BTC I do not sell at the moment anyway, as I said I am a fundamentals guy at heart… I bought a few years back, and I will sell in 2017-2020 - so I do not need these figures anyway... it was as I say a bit of fun, and I just wanted to use them buzzwords I think.
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