Trading with point and figure

range coiling

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whammo
13128 area hit
 
we watch for the next buy signal
or a possible pullback
overbought is difficult to find...because its crazy......lol
 
everybody is talking about Bitcoin....so it will be great "dinner party" talk
and we want to pitch ourselves at the best in the game ....to see how good we really are

NO Shorts...this is pure accumulation
 
sub 17K....and we start to look for supp first...then a buy signal
otherwise...up we go and wait for a poss top to form
thats all we can do
cannot call levels..they mean nothing.....lol
 
not goin to spreadbet..yet
thinking about opening an account and buying it...not much money
BVC do a Cryptowallet
especially for our children
seems to be cheaper than spreadbet....and probably less stressful
liquidate into normal currency when trend gets busted

%log boxes catch the price action....so there is a lot more to be had than shares
only goin to be small amounts...so no sleep lost
no margin calls either....lol
 
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not overbought
sellers got lucky on Thursday....when it pulled back to test the trend

They got toasted on Friday
 
It has broken higher
there are no signs of any sellers
scalp shorts only
DO NOT call the top.ie FIBS/Gann targets
 
not goin to spreadbet..yet
thinking about opening an account and buying it...not much money
BVC do a Cryptowallet
especially for our children
seems to be cheaper than spreadbet....and probably less stressful
liquidate into normal currency when trend gets busted

%log boxes catch the price action....so there is a lot more to be had than shares
only goin to be small amounts...so no sleep lost
no margin calls either....lol

1 B coin = £16800 according to BVC, its one hell of a drop when/if the bubble bursts.
 
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