BTCUSD BitStamp; Wyckoff Accumulation Schematic #2 Continued...
The previous publication for BTCUSD Stamp was beginning to get a bit too much to scroll through when updating. So, I'm starting a new publication to avoid having to scroll down so much. As usual, I have copied and pasted the chart again in comments below to make the chart easier to view in full and the text bubbles easier to read. I really wish TV would get that fixed with the program scrunching up charts used as the cover photo for publications.
You will notice I've added some text bubbles to this chart for more clarification about Wyckoff Phases. More TA to come in the future as things play out. I simply wanted to clarify what is occurring at the moment with this Wyckoff Accumulation Schematic. Also, I left a link to the previous publication on this schematic in the area labeled, "Link to Related Ideas."
I'm also posting a link to stockcharts.com to create easy access to Wyckoff teachings on this schematic: stockcharts.com...school/doku.php?id=chart_s...
I hope this is helpful for those who were wondering where we are in the Schematic.
IMPORTANT NOTE:
I'M NOT RESPONSIBLE FOR ANY TRADES MADE BASED OFF MY TECHNICAL ANALYSIS . ALSO, MY TIME IS LIMITED DUE TO OTHER PROJECTS CURRENTLY ONGOING.
I ALONE RESERVE THE RIGHT TO RESPOND TO WHOM I WANT, WHEN I WANT AND WHETHER OR NOT I WANT TO RESPOND.
I ENCOURAGE COMMENTS AND SUGGESTIONS. HOWEVER, BE RESPECTFUL WHEN DOING SO, PLEASE.
IF ABUSIVE PERSONAL ATTACKS ARE PLACED HERE IN THIS PUBLICATION, YOU WILL BE REPORTED AND MORE THAN LIKELY BANNED.
SO, LETS KEEP IT REAL WITH ONE ANOTHER WHILE HAVING CONSTRUCTIVE CRITICISM WHEN SHARING THOUGHTS AND/OR IDEAS.
Happy Trading!
David
You will notice I've added some text bubbles to this chart for more clarification about Wyckoff Phases. More TA to come in the future as things play out. I simply wanted to clarify what is occurring at the moment with this Wyckoff Accumulation Schematic. Also, I left a link to the previous publication on this schematic in the area labeled, "Link to Related Ideas."
I'm also posting a link to stockcharts.com to create easy access to Wyckoff teachings on this schematic: stockcharts.com...school/doku.php?id=chart_s...
I hope this is helpful for those who were wondering where we are in the Schematic.
IMPORTANT NOTE:
I'M NOT RESPONSIBLE FOR ANY TRADES MADE BASED OFF MY TECHNICAL ANALYSIS . ALSO, MY TIME IS LIMITED DUE TO OTHER PROJECTS CURRENTLY ONGOING.
I ALONE RESERVE THE RIGHT TO RESPOND TO WHOM I WANT, WHEN I WANT AND WHETHER OR NOT I WANT TO RESPOND.
I ENCOURAGE COMMENTS AND SUGGESTIONS. HOWEVER, BE RESPECTFUL WHEN DOING SO, PLEASE.
IF ABUSIVE PERSONAL ATTACKS ARE PLACED HERE IN THIS PUBLICATION, YOU WILL BE REPORTED AND MORE THAN LIKELY BANNED.
SO, LETS KEEP IT REAL WITH ONE ANOTHER WHILE HAVING CONSTRUCTIVE CRITICISM WHEN SHARING THOUGHTS AND/OR IDEAS.
Happy Trading!
David
Comment:
Related Idea Previously:
Comment:
I WANT TO ENCOURAGE ANYONE TO DO THE SAME THING I'M DOING!!! Seriously...
This is "Wyckoff's" methods. Not mine... He's passed away a long time ago. He left a legacy and a wealth of knowledge for all to learn and know it well. Feel free to share what you come up with.
This is "Wyckoff's" methods. Not mine... He's passed away a long time ago. He left a legacy and a wealth of knowledge for all to learn and know it well. Feel free to share what you come up with.
Comment:
IMPORTANT NOTE: This is "DISTRIBUTION" Schematic. NOT "Accumulation" Schematic.
Comment:
I've had "accumulation" on the mind. ;-)
Comment:
Someone wondered if I could plot a Wyckoff Schematic for period beginning the end of 2013 to beginning of 2014.
I also added these comments in our discussion:
The way bitcoin is designed to be "DEFLATIONARY," it naturally creates a DYNAMO affect that results in continuous Distribution Phases (Schematics) that repeat over and over again WITHOUT FALLING INTO PHASE "E".
BUT
IF we have something TERRIBLE occur, it can affect a Distribution Schematic/Phase and result in a Phase E.
Our TERRIBLE event I'm expecting is a financial collapse or the UN shutting down all exchange websites.
The US relinquished the internet to the UN in regards to website creation.
If I'm not mistaken
As to WHEN we have a TERRIBLE event; not sure when...
But that's what it will take to Kill and/or postpone the DYNAMO.
All of this is my opinion.
Pardon for any spelling or grammatical errors...
I also added these comments in our discussion:
The way bitcoin is designed to be "DEFLATIONARY," it naturally creates a DYNAMO affect that results in continuous Distribution Phases (Schematics) that repeat over and over again WITHOUT FALLING INTO PHASE "E".
BUT
IF we have something TERRIBLE occur, it can affect a Distribution Schematic/Phase and result in a Phase E.
Our TERRIBLE event I'm expecting is a financial collapse or the UN shutting down all exchange websites.
The US relinquished the internet to the UN in regards to website creation.
If I'm not mistaken
As to WHEN we have a TERRIBLE event; not sure when...
But that's what it will take to Kill and/or postpone the DYNAMO.
All of this is my opinion.
Pardon for any spelling or grammatical errors...
Comment:
IF you're wondering how a financial collapse can affect crypto?
IF banks are closed down because of a financial collapse, those interested in buying crypto will not have much capital at all to do so.
IF banks are closed down because of a financial collapse, those interested in buying crypto will not have much capital at all to do so.
Comment:
Andreas proves my point about one of the two biggest threats to crypto in this short 2 minute video: www.youtube.com/watch?v=MNXSDaD9...
He knows full well. Greece is a prime example of capital being frozen with no ability to EXIT the current FIAT system.
He knows full well. Greece is a prime example of capital being frozen with no ability to EXIT the current FIAT system.
Comment:
One more comment in regard to the following previous comment quoted here:
"IF we have something TERRIBLE occur, it can affect a Distribution Schematic/Phase and result in a Phase E."
"Our TERRIBLE event I'm expecting is a financial collapse or the UN shutting down all exchange websites."
My comment to the quote above: Crypto being affected TERRIBLY could occur with a financial crash first AND THEN an attack on the exchanges, etc...
"IF we have something TERRIBLE occur, it can affect a Distribution Schematic/Phase and result in a Phase E."
"Our TERRIBLE event I'm expecting is a financial collapse or the UN shutting down all exchange websites."
My comment to the quote above: Crypto being affected TERRIBLY could occur with a financial crash first AND THEN an attack on the exchanges, etc...
Comment:
I personally, believe it's a discussion ALL OF US should have to "try" to determine what one can do in regard to a particular scenario or combination thereof.
Apologies for all the email notifications you may be receiving as a follower from my updates to this publication. I just think it's a serious discussion we must have. VERY SERIOUS!!!
David
Apologies for all the email notifications you may be receiving as a follower from my updates to this publication. I just think it's a serious discussion we must have. VERY SERIOUS!!!
David
Comment:
Currently looking like $4,670 at a minimum for the moment. Of course, this could change on the fly. I'm just telling you what I'm seeing currently based on indicators at the bottom of the chart:
Comment:
I recently had the following questions in a PM. I'm posting here to avoid answering the same question multiple times...
The first question sent to me in a PM states: "Hi, you've raised some interesting points in your idea but i wanted some more clarification on why you think crypto will definitely be the de facto currency of the future, if you think that it is likely to be state manufactured crypto? I mean why change it to that from the current system if it is only to go back to a state created fiat?"
We will still have current cryptos that are NOT DECENTRALIZED. However, corrupt States controlled by Central Bank cabals want to maintain "control" if at all possible. Hence, their reason for wanting to get into the blockchain/crypto space. Yet, the State crypto they would create would be under centralized "control." Meaning, they can create as many tokens/currency as they like . They would be able to freeze the wallet of anyone they want to. Garnish funds whenever they like, etc...
They see DE-centralized blockchains as a threat to their corrupt system of control. So, they intend on entering the space to try to maintain "control." They will fool the masses who are not educated on the importance of decentralization in a crypto. They are saying they can "control" they volatility of THEIR crypto; saying it's better. Yet, you and I know that's only a ploy to fool the masses who are uneducated in this space.
2nd question sent to me PM:
Also if the usd survives then do you still expect a hyper inflationary event in fiat, and if so how could the usd make it through that as a viable currency?
The US dollar will experience inflation. As for US being a "viable currency;" It will not be viable for a while. At least not in the scenario I believe will occur. It will take time for inflation to correct itself to a small degree. However, the purchasing power of the USD will not be as strong as before to buy goods and services made/provided from outside the US the way it used to.
I'm expecting a "collapse and reset" of the system in the future. It will begin with about a 20% fall in the DOW some time before year end in my opinion. Not sure how long before a complete collapse, a reset, potential war, etc... This is when crypto will begin to be attacked quite vigorously from States ran by big corporate cabals and the Central Banks.
Some States will be overcome by a revolting citizenry in possible revolution and potential civil war. The citizenry in the US have guns to fight against a corrupt ran central government looking to maintain their control. I have hopes that We The People of the US will overcome this threat of control once We The People wake up to the fact all of their 401k is gone, pensions gone, bank account gone, can't buy much with what cash they had on hand, etc... We won't fall for their suggestion to get out of the mess; I hope.
Watch this short video: Money As a System of Control by Andreas: www.youtube.com/watch?v=FyK4P7Zd...
The first question sent to me in a PM states: "Hi, you've raised some interesting points in your idea but i wanted some more clarification on why you think crypto will definitely be the de facto currency of the future, if you think that it is likely to be state manufactured crypto? I mean why change it to that from the current system if it is only to go back to a state created fiat?"
We will still have current cryptos that are NOT DECENTRALIZED. However, corrupt States controlled by Central Bank cabals want to maintain "control" if at all possible. Hence, their reason for wanting to get into the blockchain/crypto space. Yet, the State crypto they would create would be under centralized "control." Meaning, they can create as many tokens/currency as they like . They would be able to freeze the wallet of anyone they want to. Garnish funds whenever they like, etc...
They see DE-centralized blockchains as a threat to their corrupt system of control. So, they intend on entering the space to try to maintain "control." They will fool the masses who are not educated on the importance of decentralization in a crypto. They are saying they can "control" they volatility of THEIR crypto; saying it's better. Yet, you and I know that's only a ploy to fool the masses who are uneducated in this space.
2nd question sent to me PM:
Also if the usd survives then do you still expect a hyper inflationary event in fiat, and if so how could the usd make it through that as a viable currency?
The US dollar will experience inflation. As for US being a "viable currency;" It will not be viable for a while. At least not in the scenario I believe will occur. It will take time for inflation to correct itself to a small degree. However, the purchasing power of the USD will not be as strong as before to buy goods and services made/provided from outside the US the way it used to.
I'm expecting a "collapse and reset" of the system in the future. It will begin with about a 20% fall in the DOW some time before year end in my opinion. Not sure how long before a complete collapse, a reset, potential war, etc... This is when crypto will begin to be attacked quite vigorously from States ran by big corporate cabals and the Central Banks.
Some States will be overcome by a revolting citizenry in possible revolution and potential civil war. The citizenry in the US have guns to fight against a corrupt ran central government looking to maintain their control. I have hopes that We The People of the US will overcome this threat of control once We The People wake up to the fact all of their 401k is gone, pensions gone, bank account gone, can't buy much with what cash they had on hand, etc... We won't fall for their suggestion to get out of the mess; I hope.
Watch this short video: Money As a System of Control by Andreas: www.youtube.com/watch?v=FyK4P7Zd...
Comment:
Excellent video of what could be on the rise in a few months to come. Don't let the title fool you. www.youtube.com/watch?v=arJyIOM1...
Comment:
Those who have followed me for quite a while are probably aware I watch the following youtube channels religiously. I'm providing links again for those just now following:
X22 Report: www.youtube.com/user/X22Report/videos
X22 Report Spotlight: www.youtube.com/chan...lyhxyjA4f14WQ/videos
Greg Hunter: www.youtube.com/user/usawatchdog/videos
X22 Report: www.youtube.com/user/X22Report/videos
X22 Report Spotlight: www.youtube.com/chan...lyhxyjA4f14WQ/videos
Greg Hunter: www.youtube.com/user/usawatchdog/videos
Comment:
For those wondering... I'm still waiting for a blue pressure dot to appear on the 1440 minute Time Frame (Daily TF). It's rare for the blue line to go above 80% "without" at least one pressure dot to appear before coming back down. This can be seen in Godmode if you have your inputs as I have indicated in times past; along with an LSMA set to an input of 32.
I put a black circle on the indicator to show where I'm waiting for a blue pressure dot to appear:
I put a black circle on the indicator to show where I'm waiting for a blue pressure dot to appear:
Comment:
I just woke up to a nice Up Thrust on the Daily TF. Wyckoff, referred to this particular Up Thrust as a shakeout. Mainly because of where this Up Thrust has occurred. Which see in the paragraph when referred to as a "...terminal shakeout:"
Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring.
Current progress in the Schematic on the Daily TF w/o indicators at bottom.
Progress with indicators at bottom:
I will have more to add in this publication on this USD pair and other USD pair publications after I get a bite to eat. Still feeling under the weather. My throat is still sore and congested. However, knowing our progress (current location) on USD pairs in their respective schematic and phase is up lifting.
All the best,
David
Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring.
Current progress in the Schematic on the Daily TF w/o indicators at bottom.
Progress with indicators at bottom:
I will have more to add in this publication on this USD pair and other USD pair publications after I get a bite to eat. Still feeling under the weather. My throat is still sore and congested. However, knowing our progress (current location) on USD pairs in their respective schematic and phase is up lifting.
All the best,
David
Comment:
New text bubbles:
Comment:
About to do a few things that will have me away a few hours. Mail taxes, etc...
This is simply an update for my personal future reference. I also lowered the TF to allow one to see the pull back (Back Up).
I'll see everyone later.
This is simply an update for my personal future reference. I also lowered the TF to allow one to see the pull back (Back Up).
I'll see everyone later.
Comment:
I'm not certain of this. So, I'm not responsible for any trades made based of my "opinions."
It appears we might come down to the $5,200 to $5,300 range to fuel up for more upside.
It appears we might come down to the $5,200 to $5,300 range to fuel up for more upside.
Comment:
Tuff market to be flirting with shorting right now! Too risky!!!
Comment:
We may very well leg up "AGAIN!" So, if you're looking for when to get in, you might do what I said with the 3 x 3rds.
Comment:
One more comment and I'll chill for a while:
WHAT IF - the IMF and the Central Banks are out to "TRY" to prove a point by "Intentionally" pumping up bitcoin BIG TIME only to slam it down to zero to "TRY" to get support for their SDR crypto coin where they say, "We can control volatility?"
Even if they slammed it down to zero, it would be back up in a heartbeat. It's something to think about. If that's the case, they are busy pumping now. They have unlimited digital funds to do it. Maybe my thoughts are far fetched. I don't know...
WHAT IF - the IMF and the Central Banks are out to "TRY" to prove a point by "Intentionally" pumping up bitcoin BIG TIME only to slam it down to zero to "TRY" to get support for their SDR crypto coin where they say, "We can control volatility?"
Even if they slammed it down to zero, it would be back up in a heartbeat. It's something to think about. If that's the case, they are busy pumping now. They have unlimited digital funds to do it. Maybe my thoughts are far fetched. I don't know...
Comment:
UPDATE:
Comment:
I'm working on something. You might say, "Oh boy, he's thinking out loud again." lol
Not finished yet. If I believe it's what I think it is, there will be a new publication.
Not finished yet. If I believe it's what I think it is, there will be a new publication.
Comment:
Certainly looks like it's pullback time. Busy figuring out where to...
Comment:
I'm not responsible for trades based off my TA. I'm simply pointing out "opinion."
Keep in mind, this may play out over the course of 3 to 8 days.
Keep in mind, this may play out over the course of 3 to 8 days.
Comment:
I know $4,985.13 sounds like quite a bit. However, it's only a 20% drop over the course of several days. That's common percentage drop, Current market sentiment could be different now from previous red FIB you see on the chart. Time will tell.
Comment:
View with Indies:
Comment:
I'm still thinking eventually to the $4,985 to $5,085 range. My opinion....
Comment:
I'm off to bed.
All the best!
David
All the best!
David
Comment:
I'm still waiting for our current Daily candle to close to see if my TA regarding current Distribution Dip will play out as plotted to approximately $4,985.
Here is the Daily; main focus are the indicators below:
I'm stepping up one Day to the 2 Day TF:
I'm waiting for our current Daily candle to complete; which will update the indicator on this 2 Day TF for me to see if the 3rd indicator from the top has a blue line to come down and cross orange line to give more validation of a continued downward move.
More are holding onto their bitcoin instead of trying to trade it on the waves. More big players are holding instead of trading. This "may" not go down as much as I'm suspecting. Hence, my waiting for the validation at the end of our current Daily candle to also update this 2 Day candle and indicators.
Here is the 1080m (18h):
Here is the 720m (12h):
Here is the Daily; main focus are the indicators below:
I'm stepping up one Day to the 2 Day TF:
I'm waiting for our current Daily candle to complete; which will update the indicator on this 2 Day TF for me to see if the 3rd indicator from the top has a blue line to come down and cross orange line to give more validation of a continued downward move.
More are holding onto their bitcoin instead of trying to trade it on the waves. More big players are holding instead of trading. This "may" not go down as much as I'm suspecting. Hence, my waiting for the validation at the end of our current Daily candle to also update this 2 Day candle and indicators.
Here is the 1080m (18h):
Here is the 720m (12h):
Comment:
This is looking like it will continue up without as dramatic of a dip. I believe Bitcoin was allowed to go up more while keeping ETH, XRP, XMR and others depressed in price before they sold bitcoin at those higher prices to ACCUMULATE USD, EUR, CHY (FIAT) to then DISTRIBUTE to the ALT's traded in FIAT.
My point is, they did not have to sell as much BTC for FIAT because the ALT's were kept depressed in price while BTC increased in price.
So, we may not go down as much as I previously suggested. I'm still keeping an eye on it. You may want to consider dividing up your investment into 3rd's like I have suggested before.
One 3rd to buy now
One 3rd to buy a potential dip.
Last 3rd for potential further dip and/or breakout.
My point is, they did not have to sell as much BTC for FIAT because the ALT's were kept depressed in price while BTC increased in price.
So, we may not go down as much as I previously suggested. I'm still keeping an eye on it. You may want to consider dividing up your investment into 3rd's like I have suggested before.
One 3rd to buy now
One 3rd to buy a potential dip.
Last 3rd for potential further dip and/or breakout.
Comment:
Example of what I mean by "Depressed"
Comment:
The ALT's were "Depressed" in value by selling off those alts for FIAT to pump BTCUSD.
It's called DISTRIBUTION
It's called DISTRIBUTION
Comment:
I used only ETHUSD and LTCUSD as examples of this DISTRIBUTION. We could add others. I simply wanted to post an update as soon as possible.
Comment:
Don't forget:
The composite group also dumped LTCBTC, ETHBTC and other ALT/BTC pairs for more BTC to accumulate more BTC to dump later at a higher price.
Understand?
The composite group also dumped LTCBTC, ETHBTC and other ALT/BTC pairs for more BTC to accumulate more BTC to dump later at a higher price.
Understand?
Comment:
Myself and others are expecting a rise in price up to the fork which creates Bitcoin Gold.
Another important point made by ru.tradingview.com/u/Romanov_Trade/.
Translation:
By the way, October 26, 2017 Amazon could confirm or deny the rumors that they will begin to accept cryptocurrency, so on the 26th the price may greatly move in any direction. If they confirm the rumors, despite the fact that October 25 disappears the fundamental reason for the growth (a fork of "BitCoin Gold", but there is a new reason for (taking) strong enough to grow.
While to gold is possible only with the loss of bitcoin. So I'm more inclined that the gold loss is better not to take.
Another important point made by ru.tradingview.com/u/Romanov_Trade/.
Translation:
By the way, October 26, 2017 Amazon could confirm or deny the rumors that they will begin to accept cryptocurrency, so on the 26th the price may greatly move in any direction. If they confirm the rumors, despite the fact that October 25 disappears the fundamental reason for the growth (a fork of "BitCoin Gold", but there is a new reason for (taking) strong enough to grow.
While to gold is possible only with the loss of bitcoin. So I'm more inclined that the gold loss is better not to take.
Comment:
I accidentally labeled BTCUSD "LTC". here is a correction with additions.
Comment:
Correction: I chose pairs on other exchanges with MORE data which means more accurate percentages.
Comment:
The "Bull" is whispering into my ear telling me, "They won't take it down very low this is only a continued tactic to shakeout before continuing up to trap bears."
However, the Bear is telling me to listen to what my indicators are telling me.
The Daily is definitely showing signals of more continued downward pressure.
"IF" the downward pressure on the Daily continues all the way down to 0.0% on my indicators, we're only 1/4 of the way through this downward pressure. This 1/4 of the way through it is revealed on the 720m TF on the right side in the chart below.
360m TF ENLARGED:
720m TF ENLARGED :
However, the Bear is telling me to listen to what my indicators are telling me.
The Daily is definitely showing signals of more continued downward pressure.
"IF" the downward pressure on the Daily continues all the way down to 0.0% on my indicators, we're only 1/4 of the way through this downward pressure. This 1/4 of the way through it is revealed on the 720m TF on the right side in the chart below.
360m TF ENLARGED:
720m TF ENLARGED :
Comment:
If one scrolls back in this Twitter feed, they can see many long positions were liquidated on margin longs in LTC. Looks like it's BTCUSD's turn to liquidate long margin bets.
twitter.com/WhaleCallsAlts
twitter.com/WhaleCallsAlts
Comment:
Time to get back in!
My opinion! Not responsible for trades made based off my TA...
My opinion! Not responsible for trades made based off my TA...
Comment:
Hopefully, orders were placed between $4,985 up to $5,149 and some of them were filled.
I was exhausted and fell to sleep. I had an order filled at $5,150 that I placed; just to make sure I got in while sleeping. Bought some more at $5,318.
I was exhausted and fell to sleep. I had an order filled at $5,150 that I placed; just to make sure I got in while sleeping. Bought some more at $5,318.
Comment:
I"m not saying it won't come back down again but it looks like we found bottom and going back up to me.
Comment:
What I'm about to say is mainly based off the 1440m (Daily) and 2 Day TF's:
Looks like a bit more upside to go:
Looks like a bit more upside to go:
Comment:
Comment:
A couple of hours have passed. After taking a closer look at the 360m TF, I can see $6,680 quite easily. before we continue to the double top near $7,400 to $7,600.
Comment:
More updates coming:
Comment:
IGNORE PRICE POINTS YOU SEE ON THE CHART. FOCUS ON TEXT BUBBLES FOR NOW.
Here is the 4 Day TF :
Here is the 4 Day TF :
Comment:
It's POSSIBLE we have one more small move up before coming down according to indicators in this 5 Day TF. Text bubbles provide explanation.
Comment:
6 Day TF:
Only pay attention to text bubbles for now. I have yet to do FIB's for 0.618 retrace. I'm going to the 7 Day now before doing 0.618 FIB RT.
Only pay attention to text bubbles for now. I have yet to do FIB's for 0.618 retrace. I'm going to the 7 Day now before doing 0.618 FIB RT.
Comment:
7 Day TF:
Only pay attention to text bubbles for now. I still have yet to do FIB's for 0.618 RT.
Only pay attention to text bubbles for now. I still have yet to do FIB's for 0.618 RT.
Comment:
My FIB RT to 0.618 placed in the 7 Day TF:
KEEP IN MIND: THIS IS MY "OPINION" I'M NOT RESPONSIBLE FOR ANY TRADES MADE BASED OF MY "IDEAS."
KEEP IN MIND: THIS IS MY "OPINION" I'M NOT RESPONSIBLE FOR ANY TRADES MADE BASED OF MY "IDEAS."
Comment:
This is simply to provide an example of WHY I place my 0.0% and 100.0% where I place them. It's based off a theory I made created called Loaded Guns Theory which is KIND OF similar to Elliot Wave Theory.
Note the example of the RED TEXT BUBBLES.
Note the example of the RED TEXT BUBBLES.
Comment:
Comment:
I will provide a more thorough example of another rule that must be obeyed IN THE EVENT we have a DOUBLE MARK UP instead of SINGLE MARK UP. We had a DOUBLE MARK UP from $891.33 to $2980.00. Therefore, the rule applied there for the NEXT 0.618 FIB RT FROM THE NEXT ATH required placing the 100.00% FIB at $1,830.00 and the 0.00% @ $4,979.90. The $1,830.00 was considered the 2nd Gun Down.