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Offline Ander

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BTS long term support
« on: December 17, 2014, 05:55:39 AM »

We just bounced off long term support.


These are the times to buy, not when it is up 30% due to some pump. (Like the last time I posted a chart...sigh)


If anyone complains that 4 months isnt "long term", well...4 months is a long time in Crypto, and BTS has only been out a few months. :P
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lzr1900

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Re: BTS long term support
« Reply #1 on: December 17, 2014, 06:01:52 AM »
BUY BUY BUY.
The picture you post is too small to display.
« Last Edit: December 17, 2014, 06:03:43 AM by lzr1900 »

Offline cass

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Re: BTS long term support
« Reply #2 on: December 17, 2014, 08:36:20 AM »
 :P
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline Ander

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Re: BTS long term support
« Reply #3 on: December 19, 2014, 07:04:40 AM »
It held again today with a second bounce up from the uptrend line. 

Hope it holds.
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Offline Ander

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Re: BTS long term support
« Reply #4 on: December 21, 2014, 08:23:35 AM »
I bought a lot more BTS today.  Converted some more bitcoin and sold all other alts for BTS. 

It could go down, every crypto could go down in a big crash, or it could go up.  But whatever happens, I want to be all in on the coin with the best technology. :)
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Offline Ander

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Re: BTS long term support
« Reply #5 on: December 22, 2014, 02:51:52 AM »
This price action is looking very bullish, imo.
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Offline Ander

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Re: BTS long term support
« Reply #6 on: December 22, 2014, 09:48:11 PM »
I think this is the first time I did a market buy of a bunch of BTS and didnt regret it a day or two later.  Woulve been left behind if I'd tried to get a limit order filled under the price!

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Offline kisa

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Re: BTS long term support
« Reply #7 on: December 22, 2014, 09:50:41 PM »
@Ander - please what do you think of BTC price action?

Offline Ander

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Re: BTS long term support
« Reply #8 on: December 22, 2014, 11:01:10 PM »
@Ander - please what do you think of BTC price action?

50% chance of going down to 250-275, 50% chance of just going higher from here, imo.  Mostly I just follow chessnut's and Rynindaclem's posts on btc.  I think bitcoin has at least more more move up to new all time highs, so I dont think it will go below the mid 200s.  I think BTS will outperform it in 2015.  I still have some btc for diversity (its like Gold 2.0 imo), but I've got more BTS now.
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Offline Ander

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Re: BTS long term support
« Reply #9 on: December 22, 2014, 11:06:59 PM »
Here is the bounce off the support line.  I think we continue to go higher in the coming weeks and months.

1d MACD gave a buy signal again.
Even better, 3d MACD also gave a buy signal!

3 day MACD had given a sell signal on Sept 24, at around .200 CNY or so.  If one had sold that and rebought here it wouldve been an excellent trade.


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Offline kisa

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Re: BTS long term support
« Reply #10 on: December 22, 2014, 11:24:29 PM »
thanks so much for sharing your views!

Offline lil_jay890

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Re: BTS long term support
« Reply #11 on: December 23, 2014, 12:27:23 AM »
Pretty good looking inverse head and shoulders... I have been looking for a bottom in crypto ever since we started getting divergences from different alts like ripple.  If we break the neckline at 0.15 I would say that the downtrend is over and we should start to move up if not consolidate.  If we get rejected off 0.15 and break through that support line we probably test support around 0.07 for another flush out of the longs.  This would be around a $25mil market cap.

Offline Ander

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Re: BTS long term support
« Reply #12 on: December 23, 2014, 04:56:17 AM »
Pretty good looking inverse head and shoulders...

Indeed.  Actually there are two possible inverse H&S that could form, one small and one large:

The small red inverse H&S forms if we go down a bit and then go up again and break above the recent .118 CNY high.  It could go down to the support line, but it doesnt need to go down that far.  (The drop to .105 was already enough, though we could go lower in the next couple days).

The large purple inverse head and shoulders has been forming for the past two months, and triggers on a break above .135.   Its a bit irregular, the right shoulder is too long, but I think it would still be meaningful.  The .135 CNY level is a big resistance level, if we break above it then we are solidly in bull mode and should go much higher.




Important note: An inverse head and shoulders is meaningless until the neckline is broken.  Its only a potential setup so far.
« Last Edit: December 23, 2014, 05:10:08 AM by Ander »
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Offline Ander

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Re: BTS long term support
« Reply #13 on: December 23, 2014, 05:00:14 AM »
To summarize: Break above the red line, go to the purple line.  Break above the purple line, go MUCH higher. :)
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Offline jckj

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Re: BTS long term support
« Reply #14 on: December 23, 2014, 05:33:19 AM »
If bts has reached its right way and right time, it hase been up more than $1,now. It will go up with mumbers rising and right time right things .

 

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