timwest
Short

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

BITFINEX:BTCUSD   Bitcoin / Dollar
3009 32 28
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
MoonTrader
2 years ago
What do you mean by "an entire session"? Thanks.
+1 Reply
BitWave PRO MoonTrader
2 years ago
I think “8-day range”
+1 Reply
Intuit PRO MoonTrader
2 years ago
http://www.investopedia.com/terms/t/tradingsession.asp
+1 Reply
timwest PRO MoonTrader
2 years ago
If the high of a 24-hour day is below 226, then sell short.
+3 Reply
ChartArt
2 years ago
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
Bart_S PRO
2 years ago
Hi Tim, Is there Options available for Bitcoin. Which ticker should I look for? Thx!
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Ni6HTH4wK PRO Bart_S
2 years ago
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
2 years ago
Only futures are up on OkCoin thats about it. .
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Bart_S PRO 598XT045
2 years ago
Thanks guys!
Reply
ChartArt Bart_S
2 years ago
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
2 years ago
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
2 years ago
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
2 years ago
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
LastBattle
2 years ago
Already below 226 :D
$216 at this point in time, see you guys on Earth. Moonians.
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timwest PRO LastBattle
2 years ago
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
IvanLabrie TOP timwest
2 years ago
Bitcoin responds really well to this methodology...excellent chart, thanks for sharing Tim!
+1 Reply
Douglas-Squirrel timwest
2 years ago
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.
+1 Reply
LastBattle Douglas-Squirrel
2 years ago
Use UTC for closing, its always the time when big dump occurs as the daily candle closes.
+1 Reply
MoonTrader
2 years ago
Well, here we are a day later. The bar stayed under $226. Bearish now?
+2 Reply
Douglas-Squirrel MoonTrader
2 years ago
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
2 years ago
Right - the signal is "not" in place yet. I'm giving you the signal so you have it in "advance".
+2 Reply
BuyBitcoin.WS timwest
2 years ago
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
timwest PRO BuyBitcoin.WS
2 years ago
Sorry for not following up on this signal. The market set up and gave a clear sell signal by spending an entire day under $226 and better yet, it broke under the previous day's low giving more credence to the sell signal. Then the next day the market didn't follow through to the downside indicating that the sellers are not aggressive. The next day the stop was hit going back over $226 for a small loss. I am not publishing on this market every day to update the signals that TIME AT MODE gives along with my 26 years of experience forming this methodology, but please message me directly if you have a question because I can address questions easier that way. Thanks. Tim
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Y0l0
2 years ago
well that escalated quickly
snapshot

snapshot
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vortexspaces
2 years ago
Seems btc want to go another way
+1 Reply
Douglas-Squirrel
2 years ago
Tim, is this rally part of a 11 day mode upward? If so what are the upper targets
+1 Reply
Zoltan
2 years ago
aaand ???
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rivet.popper Zoltan
2 years ago
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
2 years ago
Sorry, "...I don't think Tim West's Time At Mode principles apply at all to the virtual space."
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IvanLabrie TOP rivet.popper
2 years ago
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
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