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Kick_Back_Time
Jun 28, 2019 4:31 PM

An update to my weekly time frame (bounce off 13880 complete) 

Bitcoin / U.S. dollarBitstamp

Description

Here is an update to my weekly chart. I haven't changed anything
The price wicked off 13880 exactly as expected
At this point I'm still expecting this rollover to take place into Sept.
The 5,6 and 7 you see were drawn on the monthly and show up here on the weekly as well about where they should be.
Disregard the yellow arrow you see in the bottom panel, it means nothing on this time frame.
I drew in my own volume profile because I'm using the free version of Tradingview.
The higher time frame Stochastics are opposing each other meaning, the weekly and daily are pointing down, while the monthly is pointing up. And the mid to lower TF's are on a hunt right now.
The RSI is still very much in bullish control on the higher TF's
We are seeing some divergences on the higher TF's
I put a lot of emphasis on balance I did a not-so-great job of explaining that in my video. I will try to touch on it again to give a better understanding in my next video.
There could be some wild wicks that don't fit in, but the price should return back to my rollover area.
It's the monthly that I'm waiting for ultimately to create a bullish entry. As I mentioned, around September
It's going to be a sideways moving market looks like for while, but there will be some short term opps in there

I made a video on my youtube channel explaining things a little further: channel name "Kick Back Time"
and I will make more as more establishment takes place

Of course, this is not financial advice.

Patrick @ Kick Back Time
and I'll be kicking back time

Comment

Disregard the text and yellow arrow you see in the lower RSI/Stoch panel. They are intended for other TF's

Comments
bodeen88
Only thing you'll be kicking in the next few days is yourself.
Kick_Back_Time
@bodeen88, Man, if you're going to troll, please don't do it here. I don't go into your house and piss on your rug do I?

But you did intrigue me to look into your ideas and here's a quote of yours I just pulled up off one of your last brilliant ideas that says a lot about you :

"Weak Hands Get Shook" ... those are words from an young uneducated poker player. Here's a a saying to lay over the top of that one, "strong hands hold heavy bags"

and to think people are getting influence from destructive people like yourself. God help them
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