I CLEANED UP BTCUSD BITSTAMP and put it on Monthly Long Term...
... Analysis. Remember, the purple are pump months and blue are dump months . With that in mind you see why I agree with the Heikin-Ashi Candles being blue and an long wick (shadow) above it candle that's higher than the previous. That indicates will still currently have a lot of momentum on the MONTHLY.
This is NOT a short term analysis. Yes, there will be more volatile trading ahead but we are about to lift off again certainly after this month is out and we head toward Pump/Up Thrust Months. Yes, some consolidation before we get there. So, more consolidation to come more than likely. How big the moves? I'm thinking at least $50 to $120 in both ways until we finally Spring or Up Thrust.
You see the Purple Vertical Time Line for May, 2017. If we wait too long before getting there, it will probably be an Up Thrust. Otherwise, it will be a couple of more weeks of consolidation before we continue a gradual "Spring" towards, June Dump Month .
If we continue more sideways in Consolidation/Accumulation mode up till May, Expect a very dramatic Up Thrust. That was just a reminder.
That's my two cents on Bitcoin/US Dollars
CLOSE UP:
This is NOT a short term analysis. Yes, there will be more volatile trading ahead but we are about to lift off again certainly after this month is out and we head toward Pump/Up Thrust Months. Yes, some consolidation before we get there. So, more consolidation to come more than likely. How big the moves? I'm thinking at least $50 to $120 in both ways until we finally Spring or Up Thrust.
You see the Purple Vertical Time Line for May, 2017. If we wait too long before getting there, it will probably be an Up Thrust. Otherwise, it will be a couple of more weeks of consolidation before we continue a gradual "Spring" towards, June Dump Month .
If we continue more sideways in Consolidation/Accumulation mode up till May, Expect a very dramatic Up Thrust. That was just a reminder.
That's my two cents on Bitcoin/US Dollars
CLOSE UP:
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TARGET: $3,252.72 By January 1, 2018
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NEW NUMBERING SYSTEM FOR LOADED GUNS EXPLAINED. Explanation is also included in the Text Bubble within the chart:
DIFFERENT Numbering System:
First BIG Gun was being formed, beginning August, 2012 UP TO G-1c on November/December, 2014. A BIG consolidation had to take place at some point, it ended up being Mount Goxxed that continued until September 2015.
Then was CONFIRMED a SPRING had begun and we are still on it to this day ON THE MONTHLY. This SPRING will likely end up in growing into an Up Thrust soon. Especially, once we have one more consolidation round Beginning in May or June, 2017 with a group of similar dumps as before.
The reason the names of each consolidation point (Dumps) has changed from "G" to "LG" is because the gun is loaded and getting ready to fire with a volatile wave after wave up bull rally's with consolidation dumps and LIKELY some UP THRUSTS with consolidation dumps along the way.
Once the gun has Fired as we continue a bull run, We will have begun forming Gun Number 2. The numbers of Gun 2 will begin as G-2a for each wave of Pumps with consolidation dumps until we get to a point of a VERY LARGE Consolidation move to fall into a bear cycle to work towards another Wyckoff Cycle to a Spring and/or Up thrust. Which at that time is LOADING Gun 2. That is when we begin labeling each Pump with Consolidation Dumps LG-2 instead of G-2 .
DIFFERENT Numbering System:
First BIG Gun was being formed, beginning August, 2012 UP TO G-1c on November/December, 2014. A BIG consolidation had to take place at some point, it ended up being Mount Goxxed that continued until September 2015.
Then was CONFIRMED a SPRING had begun and we are still on it to this day ON THE MONTHLY. This SPRING will likely end up in growing into an Up Thrust soon. Especially, once we have one more consolidation round Beginning in May or June, 2017 with a group of similar dumps as before.
The reason the names of each consolidation point (Dumps) has changed from "G" to "LG" is because the gun is loaded and getting ready to fire with a volatile wave after wave up bull rally's with consolidation dumps and LIKELY some UP THRUSTS with consolidation dumps along the way.
Once the gun has Fired as we continue a bull run, We will have begun forming Gun Number 2. The numbers of Gun 2 will begin as G-2a for each wave of Pumps with consolidation dumps until we get to a point of a VERY LARGE Consolidation move to fall into a bear cycle to work towards another Wyckoff Cycle to a Spring and/or Up thrust. Which at that time is LOADING Gun 2. That is when we begin labeling each Pump with Consolidation Dumps LG-2 instead of G-2 .
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Forgot to let you see ALL the numbering... hehe
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BTCUSD 12h TF:
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note the circles...
only this time on a LARGER scale...
only this time on a LARGER scale...
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Read the notes in that chart above
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Pulled back view to better convey what point I'm trying to get across...
Notes in comments... every text bubble... very important. I'm showing where we are going....
Notes in comments... every text bubble... very important. I'm showing where we are going....
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one more... added circle around current gun loading to help visualize it from the past circled in the same...
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MONTHLY:
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2 MONTH:
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REMINDER: THOSE ARE Heikin-Ashi CANDLES
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$1,746.92 Price Target for June, 2017 Consolidation Dump Month.
2 Week TF:
2 Week TF:
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Pulled back a little on the 2D TF:
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I've noticed a pattern for FIB re-tracements back down; mainly to 61.8. Then all the other normal re-tracements within the FIB are more accurate.
If I'm wrong, please correct me....
If I'm wrong, please correct me....