I hope this publication helps my followers understand what I intend to convey with the word, "Bottom." If you're not clear about something in the future, simply ask and I'll do my best to clarify when I have the time. Bitcoin History From 2011 to Present Day Using Wyckoff Method: 2012 Accumulation Schematic With Description of each Phase: 2015...
...Long Term = More Accumulation in Anticipation of the Coming LiteCoin Block Halving in August, 2019. If you haven't noticed, we're also seeing sign of a Head & Shoulders in the Daily TF. So, expecting one more push up is kind of risky under the present circumstances; with so many conflicting signals in multiple time frames. Needless to say, I do see more...
The main thing is to focus on the ENERGY in the 60m (1h) TF. If it goes DEEP down below 20% level or up HIGH above the 80% level, be ready to make a trade. I was limited on what I could say in the 10 minutes they allow me. Hopefully, this gave you some ideas on trading with the hourly (60 minute) time frame. PLEASE DO NOT PUT MUCH FOCUS on the 30m and 15m time...
We're nearing exhaustion. I would not be surprised if the trading day today ends in the negative (red). I also believe the plunge protection team is in place to keep the market relatively up until AFTER the 2020 election. THEN we can expect a serious drop in order for Wall Street to properly reflect Main Street.
We do see the "chance" for an upward move approaching in the near future. Will that upward move be a significant move? The indicators in the 4-Day and Weekly do not think so. Meaning, I do not see us continuing up to test $6,000. If we do go up, I see us only testing Resistance once again at the $4,000 price level. We may reach or go near the $4,000 price...
If this doesn't convince you, let me know and I'll see if I can elaborate more on the 2-Week and 1-Week Time Frames to TRY to convince you. ; ) You might want to check out other publications on the same subject I've linked you to (below) in "Related Ideas." By the way, this publication is NOT SAYING WE'RE NOT FALLING AGAIN. BY NO MEANS IS THIS PUBLICATION EVEN...
I was asked a question: "What indicator do you use to identify the 'bottom' is in?" The purpose of this publication is to answer that question. I do not use the indicators in this publication only. I also like using Moving Averages and comparing those moving averages with history. However, I rely more on the indicators than I do moving averages. Moving...
The purpose of this video is to COMBINE the two previous publication for CLARIFICATION. The previous publication focused on COMBINING the information given to us with the Phoneix ARI and Godmode. Example: Godmode showing signal for an upward move WHILE the Phoenix ARI still shows a DOWNWARD sentiment. Which would intend to convey the current upward signal in...
BNBUSDT is finding a lot of resistance (supply) continuing to dump on each attempt it has made to push through Preliminary Support (Identified by the long red rectangle). Is it possible we could go to new highs much higher than $11.38? It's possible... Especially, if we're in the process of an "Up Thrust" on Phase B in a large Wyckoff Distribution Schematic. It...
Does this mean the price action is destined to fall significantly between now and all through the weekend? No, not necessarily... We could simply go sideways from now and through the entire weekend. I'm simply not seeing a signal for a significant move to the upside from now and through the weekend. The reason this shows current position as "SHORT" is because...
However, we may not go up quite as much (when looking at percentage) compared to LTCUSDT. Have a look at the 18h TF: 18h again with additional notes: LTCUSDT Publication:
The purpose of this publication is to help those NEW to Trading View and/or NEW to technical analysis in general and not quite sure how to setup a chart for a particular pair (ticker) for the purpose of doing TA (Technical Analysis). Be sure to watch as many of my video publications as possible to try to get a grasp on how I use the indicators shown in this video...
This is only a brief dip in my opinion. As you can see by the 2-Day TF, we still have PLENTY of room for upward pressure to continue; according to the indicators. Here's the same chart again as the cover chart just in case Trading View's platform scrunches up the cover chart: Feel free to have a look at the video publication link provided in "Related Ideas"...
This video publication is a follow up to the previous LTCUSD publication. The first one started out with the Monthly TF; which did not allow as much time for me to focus on the Daily, 2-Day, 3-Day and 4-Day indicators with Godmode. This is accomplished in this video publication with more details on Godmode.
You'll appreciate this update... Especially, if you trade on margin often. More updates to follow later this afternoon. I may provide an update with the 90m and 3h before getting ready for my conference call. I "might"... We'll see... Cheers... ; )
HI EVERYONE!!! This was a brief (10 minute) video to point out what we see in the near, medium and long term for LTCUSDT. The Near (short) term does look like more downward pressure to me. I'm posting another chart for the 12h to point out the Phoneix TSI Short Cycle indicates downward pressure is likely to commence soon but not guaranteed. As for Medium Term;...
There's a SLIGHT chance for one more spike up to Test Resistance at $160 to $170 level (when looking at the 10-Day and 7-Day time frames). However, it's not looking too promising at the moment. If we see a change in the indicators a couple days from now indicating a better chance probability for one last test of resistance, then an update may be provided to...
Multiple time frames were covered to TRY to give an idea of where we're going and when we will get there. We had a look at the 3d, 2d, 24h, 18h, 6h and 3h TF's. Updates will follow later after I have a couple more phone calls. Wish everyone happy trading and have a great day!