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

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
3099 32
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
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aaand ???
I don't think BTC can be predicted using traditional trading tools. It is somewhere between currency, asset and commodity and its price relies on many factors, including but not limited to mining expenses, difficulty, what merchants choose to do with BTC they earn, and simply the fact that it's got very low volume that can be manipulated by anyone with a million bucks to play with. Therefore I don't think Tim West's apply at all to the virtual space.
-1 Reply
rivet.popper rivet.popper
Sorry, "...I don't think Tim West's Time At Mode principles apply at all to the virtual space."
IvanLabrie rivet.popper
When you have a productive trading idea, share it here...if not, these kind of comments don't do much for your credibility as an investor/analyst/trader.
+1 Reply
Tim, is this rally part of a 11 day mode upward? If so what are the upper targets
+1 Reply
Seems btc want to go another way
+1 Reply
well that escalated quickly

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:
+1 Reply
timwest Douglas-Squirrel
Right - the signal is "not" in place yet. I'm giving you the signal so you have it in "advance".
+2 Reply
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