My Thoughts Shared WIth Indicators for BTCUSD Bitstamp
My thoughts speak for themselves in this short 10 minute video. Updates for BTCUSD will continue with this publication in the days to come.
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I'm about to get some much needed shuteye. I'll post a video publication for Wyckoff Method later today. I've been up all night and need some rest.
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Here's the 2h and 4h: I'll post another chart shortly with two other time frames:
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Daily TF: I may post another chart. I'm going to have a look at the 12h, 2-Day and 3-Day to see if there has been a significant change.
Here's the Daily (24h):
Here's the Daily (24h):
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Before I post the 12h, I want to emphasize I've posted NOTHING in this publication for the Day Trader. This has been for the INVESTOR. An investor makes very few trades and intends on looking to make entry at or near the bottom of a bear trend before it reverses to a bull trend and sit on their entry for many months or years. Sure, the Day Trader may find "some" of the information in these updates helpful here. If I were day trading, I would be using the 5m, 15m, 30m, 60m, 2h and 4h TF's.
Here's the 12h:
Here's the 12h:
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2-Day TF:
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Daily (24h) TF:
2-Day (48h) TF:
2-Day (48h) TF:
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By the way, you can compare the indicators in the current posts I just made for the 2-Day TF with the 2-Day TF posted on December 1st.
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$2,449.80 to $2,868.65 price range is likely where we might be going. Thoughts anyone?
Here's another look at FIB's I placed on this chart and posted in the previous publication to this one.
$2,449.80 to $2,868.65 price range is likely where it's going. What do y'all think?
Here's a look at the indicators:
Here's another look at FIB's I placed on this chart and posted in the previous publication to this one.
$2,449.80 to $2,868.65 price range is likely where it's going. What do y'all think?
Here's a look at the indicators:
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Without indicators to see the FIB's better:
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Oops... Forgot to show support from history where the red highlight flows from:
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It's quite obvious this is the "Selling Climax" we have been looking for (Red text bubble). I've been putting this off the past few days but I'm planning to create a couple of video publications this weekend. One to cover Wyckoff Method from beginning to present and the other to cover Godmode and other indicators at present. Here's the chart I'll cover for Wyckoff Method from beginning to present:
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4h TF:
6h TF:
12h TF:
Daily (1440m) TF:
2-Day:
6h TF:
12h TF:
Daily (1440m) TF:
2-Day:
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There is a potential for the following to play out as shown in this 18h TF. I'm going to do another video publication later on today or tonight. I'll share what I'm seeing in the 14-Day, 10-Day, 7-Day, 3-Day, 2-Day and Daily time frames.
Here's the 18h TF:
Here's the 18h TF:
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ALL COMMENTS BELOW ARE IN REFERENCE TO WHAT I'M SEEING WITHIN GODMODE INDICATOR:
The 3h, 6h and 9h are all still currently showing downward pressure. It's possible for this to fall as low as $3,675 but may only go to $3,775.
The 12h (far left) and the 24h (far right) both show a chance for more upward pressure; while the 18h (center) shows more downward pressure. We're seeing kind of MIXED signals here when looking at these three time frames.
2-Day, 3-Day and 4-Day all CURRENTLY look bearish. There is a CHANCE the Green Line in all three time frames may not go down deeply and turn back up soon to continue upward pressure. This is something the bulls will have to contend with for the next several days into the new year.
The 3h, 6h and 9h are all still currently showing downward pressure. It's possible for this to fall as low as $3,675 but may only go to $3,775.
The 12h (far left) and the 24h (far right) both show a chance for more upward pressure; while the 18h (center) shows more downward pressure. We're seeing kind of MIXED signals here when looking at these three time frames.
2-Day, 3-Day and 4-Day all CURRENTLY look bearish. There is a CHANCE the Green Line in all three time frames may not go down deeply and turn back up soon to continue upward pressure. This is something the bulls will have to contend with for the next several days into the new year.
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The Purple ENERGY Ghost is rather high already in the 5-Day, 6-Day and 7-Day. Especially, the 5-Day and 6-Day time frames. I do like how the Stochastic RSI is coming up in all three time frames. However, the Phoenix ARI is not coming up just yet. There's still a chance the Green Line in the 5-Day time frame only comes down briefly (shallow) then turns back up again. We'll need a few more days to pass to have a better idea.
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8h Time Frame:
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The purpose of the following two charts is simply to show the POTENTIAL for an inverse head and shoulders.
16h TF:
2-Day TF:
16h TF:
2-Day TF:
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Have a look at this 4h TF to see what I mean by there being a CHANCE for this potential inverse head and shoulders to result in an Automatic Rally:
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Look how the indicators have changed all of a sudden in the 4h TF. It goes to show why the higher TF's should be given more precedence than short time frames in regard to trends.
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Those interested in a HIGHER time frame, such as the 7-Day TF, might find the indicators interesting here:
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14-Day TF is also looking bullish. Which see...
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The 21-Day (3-Week) TF also looks bullish. Note how the Blue LSMA just made contact with the Green Line WHILE the Green Line was going up.
Yes, we use HIGH Time Frames to see where we are going and LOW Time Frames for better entry. WHY am I saying this? If you are waiting for Godmode's Green Line to come up in the MONTHLY Time Frame, you may miss out on a low entry price.
Today (Where I live) is December 30, 2018. Meaning, the indicators in the MONTHLY Time Frame will update in less than 48 hours on January 1, 2019. By the time they update, you may likely see the Green Line has moved up for the Red RSI and Blue LSMA both to make contact with the Green Line WHILE it is moving up; indicating upward pressure. However, that was a lagging signal because of how HIGH of a time frame that was being used to decide WHEN to make entry. Is it safer to use that high of a time frame as an INVESTOR and not a Day Trader? Sure it is. I'm simply pointing out a more effective way of using Godmode with Stochastic RSI and Phoenix ARI indicators.
Here's the Monthly TF: NOTE how the Phoenix ARI is already wanting to come up in the Monthly TF.
Yes, we use HIGH Time Frames to see where we are going and LOW Time Frames for better entry. WHY am I saying this? If you are waiting for Godmode's Green Line to come up in the MONTHLY Time Frame, you may miss out on a low entry price.
Today (Where I live) is December 30, 2018. Meaning, the indicators in the MONTHLY Time Frame will update in less than 48 hours on January 1, 2019. By the time they update, you may likely see the Green Line has moved up for the Red RSI and Blue LSMA both to make contact with the Green Line WHILE it is moving up; indicating upward pressure. However, that was a lagging signal because of how HIGH of a time frame that was being used to decide WHEN to make entry. Is it safer to use that high of a time frame as an INVESTOR and not a Day Trader? Sure it is. I'm simply pointing out a more effective way of using Godmode with Stochastic RSI and Phoenix ARI indicators.
Here's the Monthly TF: NOTE how the Phoenix ARI is already wanting to come up in the Monthly TF.
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Even though this covers Wyckoff Accumulation for 2015, it will be very helpful for 2019. Copy the following two charts. This one describes EVENTS in each phase of the schematic:
This next chart gives a visual of the previous two Accumulation Schematics before this third one we are about to enter:
This next chart gives a visual of the previous two Accumulation Schematics before this third one we are about to enter:
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For emphasis, here is bitcoin in the beginning with its FIRST Accumulation Schematic:
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2-Day TF with description of each Phase within a Wyckoff Accumulation Schematic for Year 2019.
2-Day TF with indicators:
Price Down Pick Up!!! www.youtube.com/watch?v=lEBP9dpV...
2-Day TF with indicators:
Price Down Pick Up!!! www.youtube.com/watch?v=lEBP9dpV...
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My bad... forgot to include the "Abbreviations Definitions" text bubble in the 2019 Accumulation Schematic:
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Currently working on text bubbles for higher TF's. Thought I would go ahead and post the following TF's while working on the higher TF's.
6h TF:
12h TF:
18h TF:
24h TF:
2-Day TF:
6h TF:
12h TF:
18h TF:
24h TF:
2-Day TF:
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4-Day TF:
Weekly TF:
2-Week TF:
Weekly TF:
2-Week TF:
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A "NEW" 7-Day candle was created last night, which means the indicators also updated in the 7-Day TF. The Purple Ghost currently looks as though the upward pressure we were experiencing may have come to an end in the near term. So, we may likely see a downward push again. I'm uncertain as to how far down it goes from here. I just wanted to let everyone know it looks as though we may have more downward pressure for "up to" a couple more weeks.
This CAN CHANGE and the Purple ENERGY Ghost turn back up in the 7-Day TF while the current 7-Day Candle is playing out. In the mean time, those looking for this being the time to invest a decent portion of your capital in a long position may need to wait a bit longer.
7-Day TF:
This CAN CHANGE and the Purple ENERGY Ghost turn back up in the 7-Day TF while the current 7-Day Candle is playing out. In the mean time, those looking for this being the time to invest a decent portion of your capital in a long position may need to wait a bit longer.
7-Day TF:
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Daily TF:
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I still like what I'm seeing in the 2-Day TF. It shows hope of a reversal to upside pressure still. So, I'm not giving up on us potentially going up here. There's still a chance we do not have a significant drop down before we see our Automatic Rally.
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Have a look at the indicators in the 2-Day TF again 3 hours later from the previous post:
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Compare the Blue LSMA and Phoenix ARI in this Daily TF 3 hours later from the previous time I posted the Daily TF.
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Compare the Green Line in this 7-Day TF to the Green Line in the 7-Day TF chart I posted 5 hours ago. This is a PRIME example of what I mean about the indicators FLUCTUATING over the course of the time period of the current candle playing out. In this case, it's a period of 7-Days that began January 1st.
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2-Day TF Update:
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BTCUSD 3-Day Time Frame UPDATE:
Daily TF:
12h TF:
6h TF: