Quote from: Jesse Livermore on May 13, 2015, 02:55:06 AM

Quote from: dEBRUYNE on May 12, 2015, 06:00:40 PM

Quote from: dEBRUYNE on May 11, 2015, 10:53:19 AM

Quote from: splawik21 on May 11, 2015, 08:00:44 AM

I have NO Tok abilities of TA but for me it looks like the end of correction and the completion of a diagonal triangle... Toknormal correct me if I`m wrong ....

We saw something similair on the XMR chart, the result:

The bigger picture:

To follow up on this, the chart currently looks a bit like a head & shoulders as well, which is also a bearish pattern -> http://www.investopedia.com/terms/h/head-shoulders.asp

I am curious as how this is going to play out, since support in the 0.01-0.011 area historically tends to be strong.

Complete and total BS being peddled here by this guy. To not compare the volume signatures is to completely mislead.

Your XMR chart above shows a completed pump and dump bubble burst in action from late March to early April.
Lots of volume going up and then it dries out and the sellers get the hell out without any kind of buyers there to cushion the fall.

The fact that it completely gave up the rally it had just made on less volume is clue #1 that the XMR's rally was a complete bs pump.
Next the fact that XMR kept running into that line you drew just above 0.0028 with absolutely trendless volume, and without being able to make a higher-high, was clue #2 that the pump was over and the "Dump Part 2" was about to commence with the next round of weak hands heading for the exit upon a break of that line.

Overall you see none of these same volume signatures in Dash. Instead you see a massive volume increase with price following and then a declining dropoff in volume and a slowing down of the price decline post-rally and an overall basing pattern in price.
This is called "take a breather" phase or "accumulation". Notice, we are still nowhere near the initial price levels, unlike XMR which immediately dropped back initial support and then eventually to those first price levels because it had no actual long-term accumulation taking place in it. Notice, there is a trend in the Dash volume...it is declining drastically as this spring is about to be sprung upwards again...everything points to the next big trend move likely being upwards due to likely imminent news events soon.

JL

I was just trying to do someone a favour, since I am not a TA guru I am not going to comment on the rest of your post. Anyway, the bolded part is simply not true. The XMR rally began with the bottom at 0.00978 and finished at 0.0043, currently we are at 0.0020. The dash rally began at around 0.006 and finished at 0.0247, currently we are at 0.0113. So looking at the percentages they are basically the same.