Quote from: klee on August 25, 2015, 02:36:12 PM

Quote from: MF Doom on August 25, 2015, 01:13:05 PM

I for one am really uneasy about the price right now, I feel like its a good buy opportunity, the best buy opportunity in a while actually, but at the same time I'm not sure there is enough buy support to even hold $200. I wonder if we break $200, it could be another long fall from there. Or, if some strong buying happens, we could be in for a run up. I feel like we're right on the edge and could go wither way.

So why would now be a good buy, and what reasons (actual reasons, not just "because were going to the moon") are there for the price to stabilize and continue upward?

IMO don't try to catch a falling knife, especially as the XT vs Core drama is not over.

That said, a buy from 125 down to 50 is a very good buy because there will be almost certainly a bounce at least to 150. Especially if the drama is over (which of course will make it almost impossible to fall below 100$ and probably will send us above 240s).

If the drama is over, above 235 is a certain buy.

With or without drama, all in above 285.

Just don't be greedy to trade the 160-235 chop. Wait patiently for better opportunity.

Good choice is a short between 228-232 with a stop at 234.

https://bitcointalk.org/index.php?topic=1064374.msg12086133#msg12086133

Quote from: klee on August 08, 2015, 01:43:26 PM

BEAR trend again!!!

Both in HL AND CLOSE.

No longs. Short the resistances. Maybe short some double bottom breaks. Close shorts at double top breaks.

Sub 200s?

Quote from: klee on July 27, 2015, 06:34:43 AM

I explained above why the current setup makes me cautious.
That does not mean I know where it will go (neutral ATM except some 'scalps') and we (everyone here) try with TA (TPTB with TA+fundamentals) to figure out a possible direction with every clue we can find in our charts.

In order to provide some more clues why a triple break must always be treated with caution in a counter signal, I will provide some more examples from BTC chart.

Coincidentally the first one is from the double top I mentioned before of last summer. I see many similarities with back then but there are of course differences too.
Not sure what will happen if we double top now (same or different pattern) but BTC tends to repeat patterns (don't you dare deny this! Tongue

).

So here is the first chart:

That was a very strong sell signal and a first serious warning that this asset should be treated with extreme caution! Even the subsequent strong double top could not reverse this and then we fell even harder!

We fell down to 445 and bounced at 530 - then another triple bottom (468) break finished any chances of recovery! We fell to 275:

275 to 410 and the another triple bottom at 368 sends us at 315. Then we rally up to 475 and we get another triple bottom at 365 which brings us at 165! :

That was the last time we encountered such a signal until the recent one.

Ok, it seems that what I wished for (triple top breakout) did not happen Undecided

But fortunately PnF would have to provide a clear signal and it did.

Some things (that were correct) to remember:

Quote from: klee on July 28, 2015, 04:43:24 PM

I am not predicting the direction - I know though the importance of the 300$ barrier.
It is 4th time we retest it this year. IMO there is no room for another failure. Whatever that means..

BTW, below 50$ the project should be considered dead.

Quote from: TPTB_need_war on July 28, 2015, 09:44:57 AM

The Chinese are getting in the mood to short everything. Once they realize they make more money with their money by putting up as margin shorting than buying becomes the new fad. You think they won't short Bitcoin too?

All assets other than the dollar are going be toasted by shorting over the next months as we head into the contagion that has been assured by the rising interest rates confirmed by the Fed leak a this past week.

Quote from: klee on July 27, 2015, 06:34:43 AM

I explained above why the current setup makes me cautious.
That does not mean I know where it will go (neutral ATM except some 'scalps') and we (everyone here) try with TA (TPTB with TA+fundamentals) to figure out a possible direction with every clue we can find in our charts.

In order to provide some more clues why a triple break must always be treated with caution in a counter signal, I will provide some more examples from BTC chart.

Coincidentally the first one is from the double top I mentioned before of last summer. I see many similarities with back then but there are of course differences too.
Not sure what will happen if we double top now (same or different pattern) but BTC tends to repeat patterns (don't you dare deny this! Tongue

).

So here is the first chart:

That was a very strong sell signal and a first serious warning that this asset should be treated with extreme caution! Even the subsequent strong double top could not reverse this and then we fell even harder!

We fell down to 445 and bounced at 530 - then another triple bottom (468) break finished any chances of recovery! We fell to 275:

275 to 410 and the another triple bottom at 368 sends us at 315. Then we rally up to 475 and we get another triple bottom at 365 which brings us at 165! :

That was the last time we encountered such a signal until the recent one.

Quote from: klee on July 26, 2015, 06:58:54 PM

Quote from: TPTB_need_war on July 23, 2015, 07:35:30 PM

Looks like week of Aug 10 will ensue the big sell off in gold (and probably also Bitcoin):

Do you know when the big sell off started the previous summer (from the 685$ high to 165$ bottom)? August 11th!

It made a nice double top 685$ and 665$ and the rest is history...
Will it repeat itself (315 and 305?)?

Quote from: klee on July 18, 2015, 11:02:04 AM

Let me make this clear: Tripple bottom break AND bullish trend are INCOMPATIBLE!!!

Quote from: klee on July 16, 2015, 04:05:54 PM

Triple top/bottom break is very strong signal, I doubt 275 support will hold.

Quote from: klee on July 16, 2015, 01:45:29 PM

Sell signal:

But on support line. Be careful anyway you trade..

Quote from: klee on July 16, 2015, 07:08:58 AM

BTC triple bottom at 284$. If it holds extremely bullish. If it breaks (280$) very strong sell signal.

Resistance 288-292 & 300-304$. Bullish trend broken at 260$.

Quote from: klee on July 30, 2015, 02:00:44 PM

http://prntscr.com/7ytx1o

Also:

Quote from: klee on July 22, 2015, 08:28:02 AM

Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.

Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!

Quote from: klee on July 26, 2015, 09:02:56 AM

kLee prophecy for the lolz:

315 -> 125 -> 215 -> 75 -> 145

EDIT: That is a bearish scenario if we fail to break 300$ again for good (>320)