timwest

Bitcoin/ Dollar - BTCUSD - Daily - TIME AT MODE CONCEPT

BITSTAMP:BTCUSD   Bitcoin / Dollar
1202 15 17
Shows that the recent low was nicely structured with the 'time at mode' methodology.

Two consolidations projected a low on and one day after the low in Bitcoin .

There is massive overhead supply just above the current market and I will publish charts when it gets to a sell level or a sell setup. Marc Andreessen put his foot forward on Bitcoin in recent days to validate its long term value, so there is a short-covering rally going on here, from what I can see.

Tim 11:24AM EST 10/8/2014
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BuyBitcoin
2 years ago
Hey Tim is that Range Movement Indicator available for free on Trading View if I look for it? Thanks
Reply
timwest PRO BuyBitcoin
2 years ago
Hi EliX - I'm sorry that I included that indicator on the chart because it is in my "Key Hidden Levels" Scripts package. Range Movement isn't even necessary in the analysis of the chart, other than Bitcoin is still in a very strong downtrend (which is pretty obvious without an indicator).
+1 Reply
GumerShafigulin
2 years ago
Hello Tim. Your prediction about month ago was very true! Just let us know when it gets the sell level please.
+1 Reply
timwest PRO GumerShafigulin
2 years ago
Will do. I'll just be completely objective and unemotional, as always.
Reply
Igor'Petrovba
2 years ago
good! bitcoin is short 230 english brozer!
Reply
NightWish
2 years ago
TimWest, i'm afraid you are missing one VERY important point here. Volume has been VERY high since we have touched 276usd, i would have agreed with you if volume was about the same as the previous downwards movements. I would love to see you re-think this strategy keeping the volume in mind.
+2 Reply
IvanLabrie PRO NightWish
2 years ago
Volume was lower than previous volume spikes...this is still heading down I'd say. Maybe time for a correction before a double bottom on climatic volume. I agree with Tim's view.
Reply
NightWish IvanLabrie
2 years ago
I'll keep this in mind to keep realism in sight, though i'm strongly convinced we have reached reversal, I would even go as far as to say this is equal to the 50USD on 2013
+1 Reply
IvanLabrie PRO NightWish
2 years ago
snapshot
Tim, feel free to comment. Interested on hearing what you have to say on the topic of volume.
Reply
timwest PRO NightWish
2 years ago
Volume isn't all it is chalked up to be. Price is the most important. Volume can be manipulated. I like to see range expansions with higher volume, but I can analyze comfortably without volume.
+2 Reply
NightWish timwest
2 years ago
We've just touched 1st resistance @ 355usd you're talking about the 2nd line which is 364usd imo there is a third higher line which is 377usd. I'm seeying buying-bots accumulating over all exchanges, keeping the growth upwards, as soon as they turn off you will be right. Keeping this in mind we'll have to see how this plays out.

http://i.imgur.com/4r6HCrp.png
+2 Reply
NightWish NightWish
2 years ago
I know this might be Tinfoil-hat-talk, but there are buying bots highly active across all exchanges, they seem to buy, create support, then let go and catch the panic straight on supportlevels again, i haven't seen this kind of activity ever before, you can clearly see the bots being turned on again on the far right:

http://i.imgur.com/GnIegXH.png
+1 Reply
timwest PRO NightWish
2 years ago
I see there is a nice uptrend in place on the 2-hour chart you have posted -
Reply
NightWish timwest
2 years ago
I know we shouldn't be using our tinfoil-hats here, but these high-frequency-bots are something i've never seen before and i've been closely following the charts since early 2013. Something to take into consideration at least. (i've tried to open up a private-conversation but I have to wait several hours because this account is new, so sorry for cluttering this thread)

Your thoughts?
+1 Reply
IvanLabrie PRO
2 years ago
Target hit! :D
Reply
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