This publication is educational and the first video of several to come in the future in regards to using Godmode 3.1 Mod with LSMA (LTCUSD). More updates to this publication will follow over the next several days.
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This is a WRITTEN publication that includes FIVE (5) BASIC RULES for Godmode 3.1 Mod With LSMA (LTCUSD)...
Maybe you're wondering... "Can I use this with anything else other than (LTCUSD)? The answer is YES...
Godmode 3.1 Mod with LSMA (LTCUSD) has an option in "Format" under the "Inputs" tab for "Multi-Exchange." Which see: i.imgur.com/FWSbBP4.png
Godmode 3.1 Mod with LSMA (LTCUSD) Source Code will monitor data from four (4) Exchanges within its code in the event you "check" the "Multi-Exchange" box. Those four (4) exchanges are "COINBASE: LTCUSD" "BITFINEX: LTCUSD" "BTCE: LTCUSD" and "BITSTAMP: LTCUSD." Which see on line 11 and 12 of the source code: i.imgur.com/ZqbAqyt.png
The ONLY time you "check" the "Multi-Exchange" box is WHEN you are using this indicator (Godmode 3.1 Mod with LSMA) for "LTCUSD" ONLY. It's STRONGLY RECOMMENDED "NOT" TO CHECK THE "MULTI-EXCHANGE" BOX WHEN USING THIS INDICATOR FOR ANYTHING ELSE OTHER THAN "LTCUSD."
However, I recommend NEVER checking the "Multi-Exchange" box even when using it for LTCUSD. WHY? Because one of the four (4) exchanges it monitors data is "BTCE." Well, "BTCE" is no longer in existence (dead). Which means you would be monitoring only 3 of the 4 exchanges. If you want, you can COPY the source code and paste it into a new indicator you create and EDIT line 12 of the code by changing "BTCE" to "BINANCE." THEN you could use "Multi-Exchange" for LTCUSD more effectively. However, make sure to UN-CHECK the "Multi-Exchange" box when using your NEW indicator to monitor any other pair other than LTCUSD.
Thanks David, but how I see, it we should get 1 test for the bottom, which a possible lower bottom price. Is that right/? 1think we also need to consider is that we have a parabolic bull run. The moves down after will cause a fast oversold situation. After that we had a long sideway move which could have caused the same now. What do you think about that?
Correct... That could POSSIBLY occur, but later in Phase C for the Wyckoff SPRING event. That would be our best chance for a drop BELOW $3,122 on Bitstamp. If that occurs on this NEXT drop AND if it does it on LOW volume, THAT would be a good sign of a Wyckoff SPRING event is in play. However, I'm actually anticipating one more test of support ABOVE $3,122 on this drop that's coming up soon. Then one more Simple Rally Event before FINALLY heading down on LOW volume for a Wyckoff SPRING event.
So, to be clear about what I intend to convey when I say, "The Bottom Is In..." I mean to imply the BEAR MARKET IS OVER and we are currently in ACCUMULATION to prepare for a Sign of Strength, which will lead us into a couple of years of BULL MARKET.
The Sign of Strength will occur in Phase D of a Wyckoff Schematic and Phase E will be those two years of a bull market with multiple tiers of re-accumulation after re-accumulation that builds into a Buying Climax and results in approximately a year of Distribution to start all over again,
Flixer
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@ProwdClown, Many many thanks. If I have ideas, I'll let you know:P