Predictive Analysis & Forecasting | #BTCUSD #Bitcoin

BITSTAMP:BTCUSD   Bitcoin / Dollar
1093 13 10
Predictive Analysis & Forecasting | #BTCUSD #Bitstamp


I caved in. Bulls rammed my tree houses and bears climbed up to my doorstep expertly convincing me that one exchange was far better than the other one. I put down my honeybee outfit, sat at my Apple             McIntosh 134-K colored screen and ceded to the overwhelming arguments that Bitstamp exchange is far, far superior to BTC-e and GOX - Thing is, I agreed to the same compelling argument I had to listen to from the GOX folks and the BTC-e folks, because quite frankly, we are in the business of studying the trade winds that prevail over all three exchanges. If there is another exchange being created to transact bitcoins , please do let me know with support and evidence from NASA's best telescope, and we'll produce another one for you as well, with all the superlative compliments.


The pattern trader might enjoy a few tricks of the trade here by deciphering a Shark under development. Sharks are quasi-patterns, in the sense that Scott Carney defined his creation as starting at Point Zero, moving on to Points X, A, B and C ... point C completing the pattern. This is so, because the Shark , being the quasi-pattern that it is, is in fact the "Door-Keeper" to yet another pattern, called the 5-0 Pattern, another discovery of Scott Carney.

(HINT: "Five-O" = 5-0 = 50% ... That is the decline that ensues at completion of the Shark pattern. Again: hint, wink, rib jab)


Major advances have occurred in the chart, and while the dominant directional bias has been bearish , price has resisted excessive declines. The price in the charts are left for reference so that the structural trader sees what we see in terms of probable support. A break of 765 should ask concern bulls, whereas a break of 725 should promp bears to come out of their cave, so to speak.

Using our own cranking machine, we are perceiving a short-term bullish reversal confirmation at play, with a soft overhead resistance at 816.25, and a probable slight pull back at 827.53. This is a speculative scenario that our system is putting out when interrogated about the seemingly thick mud in which bitcoin seems to dwell.

The chart has turned from bearish to neutral-to-bullish, understanding that very weak declines have failed to bring bears into dominance at this point. Instead, a protracted trench war has settled over the entire timeframe, and we are expecting a few commando moves to reveal the next directional move.


David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
Denver, Colorado USA


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--------------------------------- Disclaimer: All of our analyses are for educational purpose only. The forecasts, analysis and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from Bob Lobb Law and enter the market at your own perils - 4xQuad, LLC.
3 years ago
thanks, once again, both for the laughs and the TA
4xForecaster PRO B10ckLanders
3 years ago
3 years ago
Hi David! Many, many thanks for doing a Bitstamp BTCUSD analysis. As Bitstamp's had the biggest average BTCUSD volume for the past couple of months this is really useful.

I know Bitfinex has less volume, and the prices are generally very close to Bitstamp, but the small extra volatility on Bitfinex might contain more "information" than Bitstamp, plus of course you can short BTCUSD on Bitfinex. If you ever have some spare time to do a Bitfinex BTCUSD analysis that'd be great.

Many thanks again for the BItstamp analysis. It'll help me stay patient during this sideways drift, and help me change from long to short if the price action dictates. Best wishes, Nick
4xForecaster PRO nick.stoneman.5
3 years ago
Thank you Nick. If you have a link where I might get the BTC-finex chart, I will certainly look at it. Last I filtered BTCUSD, only three exchanges came through. Bitinex was not one of them, unless I missed something? Please, do let me know if you can isolate that one. Cheers and thank you for stopping by. David
nick.stoneman.5 4xForecaster
3 years ago
Hi David. I just checked myself and Bitfinex is not on Trading View. They are on Bitcoin Wisdom - http://bitcoinwisdom.com/markets/bitfinex/btcusd - but I guess you'd need it on Trading View. I'll ask Trading View if they can add it. I've been very impressed with your analyses of BTCUSD. I see you have proprietary methods. If they're within my budget I'd be interested in purchasing / subscribing. Can you please let me have a link to your website? I've had a look at your Facebook page but that doesn't seem to describe your products and / or services - just some very impressive results! Or am I being blind? Many thanks and best wishes, Nick
4xForecaster PRO nick.stoneman.5
3 years ago
Thank you Nick - Yes, the main information on the prop trading has been selected out of the Facebook page and kept out of public eyes. I have taught courses on improving trading skills, but I have since closed the course for the time being. As a MOD here, I would rather not piggy back and promote any commercial products or services, but I have offered suggestions to the developers of this site to establish classroom. These guys are great and I am sure that TradingView will be able to come up with something like that. I also asked that a signal service be released, however, there are many more projects down the pipe, and they all seem as exciting. Thank you for looking into bitfinex. If the developers get it going on this site, contact me and I will do my best to apply an objective analysis on it, as I did with the other three. Cheers, David.
3 years ago
Hey, thanks for switching over to Bitstamp. I think you'll get better data and better predictions that way. Also, thanks for your always-colorful descriptions of the landscape of Bitcoin. I always look forward to reading your descriptions as much as I do the charts :)
4xForecaster PRO Edgar_Flint
3 years ago
Hello @edgar.flint.90 - It's nice to know someone else laughs along with me. I will try to keep it up. Thank you for the kind feedback. Cheers, David
3 years ago
Thanks for switching to Bitstamp, there are many who think Mtgox is dead exchange. Thanks for your informative charts and humorous literature!
4xForecaster PRO apiviali
3 years ago
Thank you @apiviali - It was no trouble adding yet another exchange. I am glad it fits your needs. Feel free to chime in anytime. Cheers! David
3 years ago
You're too good at this; I need to know your secrets :V
4xForecaster PRO MikeLloyd
3 years ago
Hello @MikeLloyd - Easy: A loving home, fresh fruits and 17 years of facetime with the charts. Thank you! David
3 years ago
really good stuff mate, thanks for sharing your expertise
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