I Don't "Guess." I Simply Post What I See in My Indicators.
240m (4h) Chart posted again for easier reading and viewing the way it was intended:
It's my opinion upside reversal is close at hand. Not just from what I'm seeing with the indicators in BTCUSD in time frames ranging from the Daily to the 14-Day TF's. Simply have a look at indicators in all of the publications I've posted on other crypto currency pairs. It's hard for me to believe the other MAJOR alt coins will continue down "significantly" even further from current price levels. I just don't see this bear market lasting much longer for the alt-coin/usd pairs.
I suppose it's POSSIBLE we have a bull run in the Alt coins and a continued bear market in BTCUSD. However, I have a hard time getting in line with that narrative. Either all legitimate coins and BTC go up together or they go down together from current location. It's my opinion they're all about to go up while the stock markets go down.
If my analysis' for the US markets and crypto markets are correct, it's quite possible many (who have yet to get into crypto) begin to see crypto currencies may very well be a safe haven from our corrupt FIAT system in a similar way physical gold and silver in your hands is a safe haven. This realization may provide more liquidity into the crypto markets than we have seen before. However, if these new adopters of crypto don't act soon, they may not have a chance to transfer FIAT to exchanges like Coinbase and Gemini to convert their FIAT into crypto. In other words, Time is of the essence if they are to move capital into crypto exchanges.
Citizen's of Greece is a prime example. It was too late for them to transfer their capital into crypto exchanges AFTER their banks began limiting the amount of capital they can have access to in their own accounts. Spread the word around... Try to encourage others who have not adopted crypto to invest at least 5% of their capital into quality decentralized cryptos to hedge against the failing FIAT monetary system.
I'm about to go to Lowe's. More charts of different time frames will follow later this evening.
As a reminder (Disclaimer): My thoughts (ideas) are my own and are by no means "advising" others what to do with THEIR OWN CAPITAL. The decisions you make with your own money are rest solely on your own shoulders. My publications are simply OPINION.
Enjoy your evening and I'll update with more charts soon.
It's my opinion upside reversal is close at hand. Not just from what I'm seeing with the indicators in BTCUSD in time frames ranging from the Daily to the 14-Day TF's. Simply have a look at indicators in all of the publications I've posted on other crypto currency pairs. It's hard for me to believe the other MAJOR alt coins will continue down "significantly" even further from current price levels. I just don't see this bear market lasting much longer for the alt-coin/usd pairs.
I suppose it's POSSIBLE we have a bull run in the Alt coins and a continued bear market in BTCUSD. However, I have a hard time getting in line with that narrative. Either all legitimate coins and BTC go up together or they go down together from current location. It's my opinion they're all about to go up while the stock markets go down.
If my analysis' for the US markets and crypto markets are correct, it's quite possible many (who have yet to get into crypto) begin to see crypto currencies may very well be a safe haven from our corrupt FIAT system in a similar way physical gold and silver in your hands is a safe haven. This realization may provide more liquidity into the crypto markets than we have seen before. However, if these new adopters of crypto don't act soon, they may not have a chance to transfer FIAT to exchanges like Coinbase and Gemini to convert their FIAT into crypto. In other words, Time is of the essence if they are to move capital into crypto exchanges.
Citizen's of Greece is a prime example. It was too late for them to transfer their capital into crypto exchanges AFTER their banks began limiting the amount of capital they can have access to in their own accounts. Spread the word around... Try to encourage others who have not adopted crypto to invest at least 5% of their capital into quality decentralized cryptos to hedge against the failing FIAT monetary system.
I'm about to go to Lowe's. More charts of different time frames will follow later this evening.
As a reminder (Disclaimer): My thoughts (ideas) are my own and are by no means "advising" others what to do with THEIR OWN CAPITAL. The decisions you make with your own money are rest solely on your own shoulders. My publications are simply OPINION.
Enjoy your evening and I'll update with more charts soon.
Comment:
720m (12h) TF:
Comment:
Now THIS is a "guess." ; )
It's VERY HARD for ANYONE to have a "certainty" of WHERE we're going. But, if I had to "guess," I would say we will hit one of two targets. Either the 2.618 FIB at $12,901.54 - OR - the 3.618 FIB at $15,623.78. The following is the reason I'm saying one of those two (2) FIB's will be our target.
Wyckoff Accumulation Schematic requires our "Show of Strength" EVENT to go up high enough above the clear resistance at the 1.0 FIB AT A MINIMUM in order to allow for a "Back Up/Last Point of Supply" (Shake Out) to fall back down to or near that 1.0 FIB or 1.618 FIB when it corrects after being over-bought. The "Sign of Strength" and "Back-Up/Last Point of Supply" EVENTS occur in Phase D of a Wyckoff Accumulation Schematic.
Once the last down leg of the "Back-Up/Last Point of Supply" EVENT has occurred, we will have officially begun Phase E of Wyckoff's Accumulation Schematic. This is when Bitcoin will have left the previous trading range established by the "Back-Up/Last Point of Supply and entered into the Mark-Up of Phase E. The markup will be OBVIOUS to everyone when they see DEMAND is in FULL control Yes, there will be setbacks during the Mark-Up, such as shakeouts and other short-lived reactions.
In Phase E, we will continue in multiple waves of new higher-level trading ranges comprising of both profit-taking and acquisition of additional coins (RE-ACCUMULATION) by large operators similar to what we saw from January, 2016 to December, 2017. These trading ranges are often called “stepping stones” on the way to even higher price targets Phase E.
It's VERY HARD for ANYONE to have a "certainty" of WHERE we're going. But, if I had to "guess," I would say we will hit one of two targets. Either the 2.618 FIB at $12,901.54 - OR - the 3.618 FIB at $15,623.78. The following is the reason I'm saying one of those two (2) FIB's will be our target.
Wyckoff Accumulation Schematic requires our "Show of Strength" EVENT to go up high enough above the clear resistance at the 1.0 FIB AT A MINIMUM in order to allow for a "Back Up/Last Point of Supply" (Shake Out) to fall back down to or near that 1.0 FIB or 1.618 FIB when it corrects after being over-bought. The "Sign of Strength" and "Back-Up/Last Point of Supply" EVENTS occur in Phase D of a Wyckoff Accumulation Schematic.
Once the last down leg of the "Back-Up/Last Point of Supply" EVENT has occurred, we will have officially begun Phase E of Wyckoff's Accumulation Schematic. This is when Bitcoin will have left the previous trading range established by the "Back-Up/Last Point of Supply and entered into the Mark-Up of Phase E. The markup will be OBVIOUS to everyone when they see DEMAND is in FULL control Yes, there will be setbacks during the Mark-Up, such as shakeouts and other short-lived reactions.
In Phase E, we will continue in multiple waves of new higher-level trading ranges comprising of both profit-taking and acquisition of additional coins (RE-ACCUMULATION) by large operators similar to what we saw from January, 2016 to December, 2017. These trading ranges are often called “stepping stones” on the way to even higher price targets Phase E.
Comment:
PLEASE SEE THE "IMAGE" OF THE WYCKOFF ACCUMULATION SCHEMATIC #2 IN THE BOTTOM RIGHT CORNER OF THIS IMAGE ALONG WITH THE CURRENT CHART I POSTED ABOVE TO GET AN UNDERSTANDING OF "WHY" I'M SAYING WE NEED A "SIGN OF STRENGTH" TO GO TO A CERTAIN HEIGHT TO ALLOW ROOM FOR THE "BACK-UP/LAST POINT OF SUPPLY" TO FALL BACK DOWN NEAR THE 1.0 OR 1.618 FIB. i.imgur.com/uAEqcjG.png
Comment:
Here's a look at the 6h (360m) TF. I've drawn lines for the Blue LSMA, Red Relative Strength Index and Green Line to provide a visual that Ines up with a possible upside reversal to a bull run to begin on or around November 1st.
Comment:
Don't let this Monthly chart I'm about to post scare you. In fact, I posted this chart a couple of other times in publications before this one. I'm sure the Bitcoin Bears might try to find "hope" from this chart. I just like to share everything I'm viewing and my thoughts on what I'm viewing at times.
Comment:
Still looking good thus far in regards to "upward pressure" when looking at the Daily:
Comment:
A look at the 9h TF:
Comment:
2h (120m) looks like potential for upside pressure:
4h (240m) providing "mixed" signals of up and down pressure.
5h (300m):
8h (480m):
10h (600m):
12h (720m):
18h (1080m): "Same text bubbles at 12h TF."
Daily (1440m):
4h (240m) providing "mixed" signals of up and down pressure.
5h (300m):
8h (480m):
10h (600m):
12h (720m):
18h (1080m): "Same text bubbles at 12h TF."
Daily (1440m):
Comment:
3-Day TF UPDATE:
Comment:
Time for a brief dip again.... obviously...
Look at the blue and red line both making contact with the green line WHILE the green line is going down AND they made contact ABOVE the 80% level in this 180m TF:
Look at the blue and red line both making contact with the green line WHILE the green line is going down AND they made contact ABOVE the 80% level in this 180m TF:
Comment:
360m (6h) TF:
Daily TF:
2-Day TF:
Daily TF:
2-Day TF:
Comment:
6h (360m) TF:
Comment:
Update:
Hi everyone,
Hope everyone's "emotions" are doing okay. ; ) I'm doing fine here.
I was expecting the Green Line in the 7-Day to go up sooner. However, we've had no ENERGY behind the upward pressure to push us up. We can look at the Purple Ghost as the tool to measure the amount of ENERGY we have; whether it's upward or downward "energy."
If we continue sideways past November 24th, it's POSSIBLE the Composite Group may keep us flat (sideways within a tight trading range) between now and the end of the year FOR TAX PURPOSES; which makes perfect sense.
I'm posting this update while waking up/drinking coffee. Waiting for dinner to finish cooking. I've been sleeping during the day and working at night lately. It's currently 4:30pm (my time) in the United States.
I've had someone ask me my opinion of what may occur in the month of December. That's hard to say with several more weeks until December. However, it's currently looking like there's a chance of us continuing in a tight trading range until the first week of January; to start out the new year potentially with a significant pump.
I'll probably create a video publication for BTCUSD soon to share my thoughts about the possibility of trading within a tight trading range between now and the first week of January with the indicators.
One "MAJOR" contributor to the lack of "energy" to the upside has been the growth in OTC (Over The Counter) Markets. These type of markets have taken away much of the upside "energy" from "RETAIL" markets in my opinion. I've seen several crypto news articles of institutions accumulating crypto in OTC markets. We'll discuss these factors and other potential factors soon. We first need to see what occurs the remainder of this week.
Here's the 7-Day TF:
Hi everyone,
Hope everyone's "emotions" are doing okay. ; ) I'm doing fine here.
I was expecting the Green Line in the 7-Day to go up sooner. However, we've had no ENERGY behind the upward pressure to push us up. We can look at the Purple Ghost as the tool to measure the amount of ENERGY we have; whether it's upward or downward "energy."
If we continue sideways past November 24th, it's POSSIBLE the Composite Group may keep us flat (sideways within a tight trading range) between now and the end of the year FOR TAX PURPOSES; which makes perfect sense.
I'm posting this update while waking up/drinking coffee. Waiting for dinner to finish cooking. I've been sleeping during the day and working at night lately. It's currently 4:30pm (my time) in the United States.
I've had someone ask me my opinion of what may occur in the month of December. That's hard to say with several more weeks until December. However, it's currently looking like there's a chance of us continuing in a tight trading range until the first week of January; to start out the new year potentially with a significant pump.
I'll probably create a video publication for BTCUSD soon to share my thoughts about the possibility of trading within a tight trading range between now and the first week of January with the indicators.
One "MAJOR" contributor to the lack of "energy" to the upside has been the growth in OTC (Over The Counter) Markets. These type of markets have taken away much of the upside "energy" from "RETAIL" markets in my opinion. I've seen several crypto news articles of institutions accumulating crypto in OTC markets. We'll discuss these factors and other potential factors soon. We first need to see what occurs the remainder of this week.
Here's the 7-Day TF:
Comment:
3-Day TF: I have NOT changed the text bubbles I placed on the 7-Day chart when posting this 3-Day chart. So, do NOT assume the text bubbles apply to this chart. The purpose of posting this chart is to show the possibility of the Blue LSMA to POTENTIALLY continue the same route as what was drawn in the 7-Day TF.
Here's the 2-Day TF with new text bubbles: It's my opinion we remain in a tight trading range (identified by the neon green rectangle on the chart) as we have most of the time since August 8th.
Here's the 2-Day TF with new text bubbles: It's my opinion we remain in a tight trading range (identified by the neon green rectangle on the chart) as we have most of the time since August 8th.
Comment:
UPDATE:
To sum up previous posts: It's my opinion we do not see a serious dump between now and December 31st. At least that's the way it appears right now. This could change in the future. We still have 6 or 7 weeks remaining in this year.
As stated in a previous post, if we do not see a significant move of $2,000 or $3,000 to the upside by November 24th, it's likely we will continue in a tight trading range without a significant move up or down until the first week in January. Why? Mainly because BIG MONEY has more options to buy crypto in Over The Counter (OTC) markets; which takes away upward energy from Retail Market on exchanges. Also, this delay in a reversal to significant upside pressure may be because of year end taxes. They may be waiting until 2019 to begin a new tax year before orchestrating a significant move up and/or down to avoid major tax repercussions for 2018.
It's my opinion the OTC markets make it easier for Composite Groups to take advantage of Retail Markets. OTC exchanges allow ONLY those with access to OTC exchanges to see what's going on in those markets. Retailers (you and I) are not privy to this valuable "INSIDER" INFORMATION. Only those with BIG money are allowed on the INSIDE to see this INFORMATION. In my opinion, this is legalized group insider trading by not allowing retailers (on the outside) to see trades made (on the inside) in OTC markets.
EVERYONE should be forced to trade on retail exchanges. I could care less about the argument of keeping the RETAIL markets less volatile by allowing those with BIG FIAT and/or CRYPTO CAPITAL to trade in OTC exchanges. Taking away "volatility" from the retail exchanges only makes it harder to see which direction the retail exchanges may go. The advent of OTC exchanges introduces more indecision and emotions into the hearts and minds of small retail traders on retail exchanges.
Feel free to offer any suggestions or personal perspective in comments. I'm certainly open to reading anyone's perspective/thoughts on what they believe may be going on "fundamentally" and/or "technically."
To sum up previous posts: It's my opinion we do not see a serious dump between now and December 31st. At least that's the way it appears right now. This could change in the future. We still have 6 or 7 weeks remaining in this year.
As stated in a previous post, if we do not see a significant move of $2,000 or $3,000 to the upside by November 24th, it's likely we will continue in a tight trading range without a significant move up or down until the first week in January. Why? Mainly because BIG MONEY has more options to buy crypto in Over The Counter (OTC) markets; which takes away upward energy from Retail Market on exchanges. Also, this delay in a reversal to significant upside pressure may be because of year end taxes. They may be waiting until 2019 to begin a new tax year before orchestrating a significant move up and/or down to avoid major tax repercussions for 2018.
It's my opinion the OTC markets make it easier for Composite Groups to take advantage of Retail Markets. OTC exchanges allow ONLY those with access to OTC exchanges to see what's going on in those markets. Retailers (you and I) are not privy to this valuable "INSIDER" INFORMATION. Only those with BIG money are allowed on the INSIDE to see this INFORMATION. In my opinion, this is legalized group insider trading by not allowing retailers (on the outside) to see trades made (on the inside) in OTC markets.
EVERYONE should be forced to trade on retail exchanges. I could care less about the argument of keeping the RETAIL markets less volatile by allowing those with BIG FIAT and/or CRYPTO CAPITAL to trade in OTC exchanges. Taking away "volatility" from the retail exchanges only makes it harder to see which direction the retail exchanges may go. The advent of OTC exchanges introduces more indecision and emotions into the hearts and minds of small retail traders on retail exchanges.
Feel free to offer any suggestions or personal perspective in comments. I'm certainly open to reading anyone's perspective/thoughts on what they believe may be going on "fundamentally" and/or "technically."
Comment:
The Daily (24h) showing more downward pressure likely to continue till and possibly through the weekend until Sunday, November 18th before chance for reversal to upward pressure. I'm currently working on another informative publication for BTCUSD, Indicators used, Stop Loss and Trailing Stop.
Comment:
I'm about to figure out what I'm going to eat. Simply wanted to post another update before I find something to eat.
From the looks of the Blue LSMA in the 7-Day TF, it looks like we may continue with downward pressure for a while. Unfortunately, this also leads me to believe we were in Phase E of a Distribution Schematic all along and waiting for a "Selling Climax" to mark the beginning of Phase A in an Accumulation Schematic.
I learned a LOT from this and currently writing down a LOT of stuff to establish RULES to try to avoid missing something like this again in the future. I'll share my RULES in a separate publication later.
About to figure out what I'm going to eat. Here's the 7-Day TF:
From the looks of the Blue LSMA in the 7-Day TF, it looks like we may continue with downward pressure for a while. Unfortunately, this also leads me to believe we were in Phase E of a Distribution Schematic all along and waiting for a "Selling Climax" to mark the beginning of Phase A in an Accumulation Schematic.
I learned a LOT from this and currently writing down a LOT of stuff to establish RULES to try to avoid missing something like this again in the future. I'll share my RULES in a separate publication later.
About to figure out what I'm going to eat. Here's the 7-Day TF:
