WyckoffMode

BTCUSD - I'm thinking $1,109 minimum. It could go down to...

Short
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
12
...$1,038. Still the overall trend is up. We are only in a brief consolidation period in my opinion. Remember, that $1,300 physiological barrier is allowing whales to play here for a while and get top dollar for their bitcoin before breaking out at $1,300.

Very sorry for not trusting Godmode indicator in my previous analysis. I was going along with my gut instead of a damn good indicator like Godmode.

From now on, I'll share what Godmode is telling me and what my gut is telling me. More than likely, Godmode will be the prevailing authority every time.
Comment:
I did that with ETH, XMR and ZEC but I did not do that with my previous TA on BTC. It won't happen again...
Comment:
Comment:
New blue text bubble in the Daily TF. One can buy now based on the 3.5 hour (210m) TF and the 12h TF both showing upside. However, you would have to keep a close eye on it or set a stop loss you feel comfortable with. We can currently go either way at the moment.
Comment:
Nothing obvious yet on the horizon as I have seen with ETH and ZEC in the past few days. BTC is still in kind of a wait and see mode. One can buy with a stop loss but BTC still isn't quite sure what it's going to do currently. My guess is we are back into a slow climb mode [According to the 6h (360m) and 12h (720m) TF's. However, I'm not certain of that. We have too many mixed signals at the moment.


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