BTCUSD - Copied & Pasted for Easier Reading in Comments...
The text bubble pretty much speaks for itself.
Do NOT assume my labelling this "LONG" means to buy right this very moment. One must look at the lower TF's to determine when to make best possible entry.
I do want to point out that Bitcoin generally has a big pump in the month of May and a big consolidation during the month of June according to history. It appears we are in a slow and steady Spring towards a Breakout through $1,300. Hence, my reasoning to expect a fairly good size 3 Day candle soon. Will it be this 3 Day candle? Not sure... It may be the next 3 Day candle.
I will follow up with lower TF's shortly...
Do NOT assume my labelling this "LONG" means to buy right this very moment. One must look at the lower TF's to determine when to make best possible entry.
I do want to point out that Bitcoin generally has a big pump in the month of May and a big consolidation during the month of June according to history. It appears we are in a slow and steady Spring towards a Breakout through $1,300. Hence, my reasoning to expect a fairly good size 3 Day candle soon. Will it be this 3 Day candle? Not sure... It may be the next 3 Day candle.
I will follow up with lower TF's shortly...
Comment:
Comment:
I owe everyone an apology for this TA. I went with my gut instead of the indicator (Godmode) with this TA.
I followed Godmode on ETH, ZEC and XMR but not BTC. It won't happen again.
I followed Godmode on ETH, ZEC and XMR but not BTC. It won't happen again.
Comment:
Comment:
That crap that occurred with BitFinex and other exchanges not being able to make deposits/withdrawals via wire transfer totally messed up my prediction for the next several 3 Day candles being "UP."
The over all trend has still been up based on my predictions.
The over all trend has still been up based on my predictions.
Comment:
HOW did bitfinex affect Stamp and make it go down more?
Here's why...
Coinbase, Stamp and other exchanges who did NOT have their ability to conduct wire transfers in USD have been overcome with a massive selling pressure from those who were seeking for an exchange that did still have the ability to conduct wire transfers via USD. Stamp, Coinbase, BitPay, and Circle have had more of their downward pressure coming from miners seeking to find a means of converting their crypto to USD in order pay for their power costs. I'm sure there are traders who also needed USD for a multitude of other reasons. Hence, the more serious downward pressure we experienced on Stamp, Coinbase, etc... compared to the other exchanges who could not do wire transfers in USD.
Here's why...
Coinbase, Stamp and other exchanges who did NOT have their ability to conduct wire transfers in USD have been overcome with a massive selling pressure from those who were seeking for an exchange that did still have the ability to conduct wire transfers via USD. Stamp, Coinbase, BitPay, and Circle have had more of their downward pressure coming from miners seeking to find a means of converting their crypto to USD in order pay for their power costs. I'm sure there are traders who also needed USD for a multitude of other reasons. Hence, the more serious downward pressure we experienced on Stamp, Coinbase, etc... compared to the other exchanges who could not do wire transfers in USD.
