timwest

BITCOIN BTCUSD WEEKLY DECLINE IS OUT OF TIME

BITSTAMP:BTCUSD   Bitcoin / Dollar
571 10 4
Updating my last chart using TIME AT MODE trend analysis.

Time for the decline has expired as of today's close.

Perhaps upside to retest the previous mode is possible @ 600+/- or $760.
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where is the disagree button?
-5 Reply
I am clicking the same one too !!!
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No1 No1
why am I getting negs...?
-2 Reply
Possibly. Still looks very bearish to me at this point, I don't see a lot of bullish confirmation.... yet. Could break down to $400 ish quite easily by Monday.
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Bitcoin is hard to chart without taking fundamentals into consideration. The reason why it hasn't dipped considerably yet is because of uncertainty in China. Chinese exchanges are still able operate, but once the major ones start closing down your projected crash may happen but at a later date.
+3 Reply
This is just a mechanical discussion: This is just what the method tells me to do and is only price and time based. It works well enough for me to publish ideas here and it has been very useful for defining the tops and bottoms in the past 12 months.
+6 Reply
At the moment I'm particularly interested in analysis that uses time as the primary factor rather than price. Seasonality would be an example of this. Is this time dominant? If so, where can I read more?
+1 Reply
timwest PRO jago25_98
Hi jago25_98 I didn't see your comment until today. This method uses ONLY time and is NOT seasonality-based at all. Look at the other charts and see if you can follow the rules. If not, give me a message and I can explain it.
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your methodology seems to work well here. I am looking forward for your next Bitcoin analysis.
+2 Reply
Did you see the latest analysis?
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