About meTelecommunications Technical Trainer [I teach technicians how to use their meter to identify and locate troubles]; ALT Coin Miner [As a hobby]; Trade crypto on Poloniex; Trading pairs very soon. Play Texas No Limit Holdem rather seriously.
Joined 2 years ago
... Spring and/or Up Thrust DOWN towards a re-tracement during a Throw Back (Consolidation) I've found "2 x Guns down" offers closer results than most...
Let 0% be your Peek, of course; and let the Preliminary Support "x 2 Guns Down" Line (RT). to 0.618.
COPIED AND PASTED:
... DOWNWARD from the peek of a Spring and/or Up Thrust on each Gun that makes it to Loading and Firing then Dumps into Consolidation.
It's during that consolidation I'm referring to. Look at the Text Bubble within the chart to explain why I'm placing the 100% Re-tracement back to Preliminary Support Two Guns ...
I'm neutral on this one for now because I have BEEN in it for a while. Is it possible we could go down for another Test (Consolidation) or continue our trek upward. They bands are certainly tightening. Which means volatility coming soon. I'm beginning to believe it may be to the upside more. What say ...
... Analysis. Remember, the purple are pump months and blue are dump months . With that in mind you see why I agree with the Heikin-Ashi Candles being blue and an long wick (shadow) above it candle that's higher than the previous. That indicates will still currently have a lot of momentum on the MONTHLY.
I'm ALLOWING the GREEN of the CALL ME_Parabolic SAR to outline part of the gun about to shoot.
I outlined the rest just a little in thin green colors. The COVER POST is WITH candles. The next post underneath will be without Candles...
XMRUSD Monero is getting bullish once again it looks like along with BTCUSD. Same goes for DASH...
WITHOUT CANDLES; STILL on LOG scale:
Daily LOG Scale; previous were Weekly LOG Scale:
The notes speak for themselves. More updates without candles from the weekly.
This chart shows where the Bitfinex hack mess up the formation on this BB Hybrid Bands.
... opinion. It is better to trade this coin in USD than BTC in my honest opinion. Everyone should trade a coin in USD if it's offered for trade in USD.
EDIT: Heikin-Ashi Weekly candles indicates potential for more downside. May NOT want to rush to get into this one. Play it smart on making a good entry. ...
more when we look at Heikin-Ashi candles next. Coming down from this Bear trend, it looks like we have peeked and heading into this wedge. I'm saying SHORT for now. Heikin-Ashi candles next in comments.
Heikin-Ashi is showing more of a reversal on this Weekly as well. Which see:
We have a long wick (shadow) ...
... Rally on the Weekly. The PS and SC are much more accurate on the Weekly than the Daily when using Wyckoff's rules for Long Term Analysis. I'm going to say SHORT for now. Will confirm this after I look at Heikin-Ashi candles. They will be posted in comments shortly.
Will provide a Heikin-Ashi chart shortly ...
... point for very long at all. I would expect a MARK UP to be in short order afterwards up towards the top Aqua Blue horizontal line. I would not be surprised to see several shakeouts from the start when it begins to move and many more shakeouts along the way.
I persoanlly believe we will still see more SERIOUS downside yet to come. My opinion. LOOK at the indicators. LOOK at the Heikin-Ashi candles as well.
Your best bet is to sell all your alt coins at the moment to ultimately get them back into USD, EUR, CNY, whatever currency it is your trade BTC in.
So what ...
NOTE: ETHBTC, DASHBTC & XMRBTC all dump when BTCUSD pumps. However, XMRBTC did not dump NEAR AS MUCH as ETHBTC. WHY? Because the small XMRBTC dump was intended to be more of a SHAKEOUT before pumping it along with BTC. The Composite Group wants XMR just as they do BTC. Who wouldn't want truly anonymous ...