WyckoffMode

ETHUSDT - POLO: copied in comments for easier reading.

WyckoffMode Updated   
POLONIEX:ETHUSDT   Ethereum / Tether USD
21

Text Bubble speaks for itself...

I'm not surprised with this consolidation that I "KNEW" was coming; as pointed out in my previous publication on BTCUSD. Which see:
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I could "possibly" be wrong with my $100.00 price point with ETHUSD. The reason I say this is in regards to current geopolitical climate. Time will tell if I am right.
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This is for "Newbies...."

It's common for pauses on the way down during Throw Backs. Each pause allows whales to make newbies think the dump is over and allows the "BUY" orders to build back up in the order books for them to dump into once again.

Just saying...
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Everyone "should" have sold for USD, EUR, etc... no later than last night to protect their USD, EUR, etc... capital.

It doesn't matter if you even sold for USDT. Bottom line... you are protecting your USD capital to buy back in at the bottom before we have a Mark Up.

Not all pairs will have a Mark Up. All the "shit coins" will continue in free fall.
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I'm still saying $111.00 "AT A MINIMUM" for ETHUSDT on Poloniex.
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I hope a whale on Polo is reading this publication and proves me wrong on $111.00 being the bottom before a Mark Up. Either way, I'm going to win. Because I'm mining the hell out of ETH and waiting to buy (trade) ETH.

I've been selling while mining up until $180's. I've been holding what I mine now; waiting for the Mark Up.
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I be damn if it didn't hit my yellow line DEAD ON IT I MEAN.... DEAD ON IT; before going up. My FIB told me $111 but my gut told me $100
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The 4h (240m) TF still looks good according to Godmode. I will look at other TF's to see if I believe we may have any possible changes of consequence in the near future.

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This is the 1h (60m) TF:

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For those of you following this thread; let me remind you this publication is for Poloniex traders. The price difference between Polo and Coinbase at this writing is approximately $10 higher on Coinbase.

The following chart is the 12h (720m) TF:

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Posting the 12h TF once again simply to show the movement on the green and red lines within Godmode over the past 2 hours:

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Posting the 1h TF once again simply to show the movement on the green, red and black lines within Godmode over the past 2 hours:

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Posting the 4h TF once again simply to show the movement on the green, red, black lines along with the blue ghost line over theist 2 hours. Note how the blue ghost line has began to curve downward a bit and the price action upwards has slowed down a bit.

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Looking at this 8 hour (480m) TF, it appears we still have more upside to go. Yes, we may come down a hair before continuing upward BUT more upside potential is still evident.

Happy Trading:

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I want to encourage everyone who is using Godmode with the inputs and LSMA with inputs I have instructed to pull up a chart with it in the 1m or 2m TF and watch the price action LIVE. This way you can get a better idea of how the lines work as I have instructed in my publication on Basics for HOW to use Godmode. Pay attention to when the lines are at or above 80% AND when the lines are at or below 20%. This way you'll have a better understanding of how they will work in the higher TF's. Only realize the higher TF's will take longer to play out.
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I believe ETHUSDT will continue to go down based on the hourly (1h TF) on Polo:

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For those of you on Polo,

The price action and Godmode indicator on Polo is very similar to the Godmode indicator on Coinbase. Which see below:

POLONIEX:

COINBASE:

The only difference I have in those two charts is Polo has a 40 minute TF; where Coinbase has a 45m TF.
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And yes, the prices are different by at least $10 most of the time. I have seen the difference larger.

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