timwest
Short

Bitcoin BTCUSD -Daily -Time at Mode - Sell if...

BITFINEX:BTCUSD   Bitcoin / Dollar
3028 32 29
Note how well BTCUSD             set up an 8-day range and then launched out to confirm the short term accumulation.

Since the peak in January, BTCUSD             is sliding back down to retest the mode of the accumulation at the lows and it held the first time. See green arrows. Note also how even the volume distribution is here on the right side of the graph.

If BTCUSD             can hold completely under 226 for an entire session, it sets up a sell signal for 8 days and a potential test of the lows in that time frame.

Keep posted!

Tim 1:55PM EST
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
What do you mean by "an entire session"? Thanks.
+1 Reply
BitWave PRO MoonTrader
I think “8-day range”
+1 Reply
Intuit PRO MoonTrader
http://www.investopedia.com/terms/t/tradingsession.asp
+1 Reply
timwest PRO MoonTrader
If the high of a 24-hour day is below 226, then sell short.
+3 Reply
So far it is holding the support area quite nicely, as you can see in my chart. It really looks like the start of a new rally right now. A rally, which might last a day or a few more.

Bitcoin Bounce. February 2015
+2 Reply
Hi Tim, Is there Options available for Bitcoin. Which ticker should I look for? Thx!
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Nope, just an exchange. Use my referral code to get 10% off fees for the first month. Need to either buy bitcoin and send it here or wire money.
https://www.bitfinex.com/?refcode=jGwmQ2rKPg
+1 Reply
598XT045 Bart_S
Only futures are up on OkCoin thats about it. .
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Bart_S PRO 598XT045
Thanks guys!
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ChartArt Bart_S
You can trade Bitcoin options on IG markets and on their US sister site NADEX:

http://forexmagnates.com/bitcoin-back-ig-markets-ladder-sprint-binary-options-launched-yesterday/
http://forexmagnates.com/u-s-bitcoin-binary-options-now-live-north-american-derivatives-exchange/
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ChartArt ChartArt
Since you seem to be located in Ireland, Bart_S. You are lucky, because the European price feed is potentially better. The BTC price data feed in the US is from TeraExchange’s TeraBit Index.
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sonarous Bart_S
There are actually options available for BTC...but they're a little weird. 796 has them. https://796.com/invite/do/132468 to which I will shill my referral code.

12-24-72-1wk options. Call/put and a 'market maker' (can be you) has to allot for them. Didn't say it was great, just saying that it does exist. It also has x50 leverage, which will get you margin called on a $3 move
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News today was positive good, news of greeces new money problems (maybe the ppl with money left will invest in btc?), and the bitlicense release without much restrictions.
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Hi, help me to find your VPVR indicator, please .. what is the full name ? I have been trying to find it, but no luck.. please help.. thank you
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timwest PRO kinetix360
VPVR - Is an indicator that you get when you subscribe to Pro. It plots volume across the range. I'd guess it is "Volume Price, Volume Range" for short. Volume spread out over a range into as many increments as you want to see. I prefer at least 4 bars of volume for each day of trading.
+2 Reply
Already below 226 :D
$216 at this point in time, see you guys on Earth. Moonians.
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timwest PRO LastBattle
For the "ideal" entry, tomorrow just needs to stay below $226 for the day. Then sell at the close. Add on the way down.
+3 Reply
Bitcoin responds really well to this methodology...excellent chart, thanks for sharing Tim!
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So on these 24 hour exchanges, that don't have daily sessions, per se, instead of looking at one day candles, shouldn't we just get the confirmation of a 24hour time period under 226ish.
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LastBattle Douglas-Squirrel
Use UTC for closing, its always the time when big dump occurs as the daily candle closes.
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Well, here we are a day later. The bar stayed under $226. Bearish now?
+2 Reply
I'm not sure about the signal given that it broke above 226 on the next candle. There was another TAM forecast where it was giving mixed signals as well. Tim, what other indicators or evidence do you use to further your confidence in a signal. here is the other forecast using TAM that I am talking about:
Bitcoin /Dollar - BTCUSD -Daily - Two Scenarios from here $375
+1 Reply
timwest PRO Douglas-Squirrel
Right - the signal is "not" in place yet. I'm giving you the signal so you have it in "advance".
+2 Reply
weve been under $226 for an extended period of time now i think 3-4 sessions? which means were going to see 16x-17x again
+2 Reply