...soon for BTSBTC. I could be wrong on this but I believe it's actually quite possible in the very near future. This is what I'm thinking at a bare minimum. BitShares is a good coin. I don't consider it a shit coin. I'm not sure what others are saying as to where BTSBTC is going on Polo. If anyone else wishes to contribute their thoughts, please do. Happy...
...from the looks of the 1h (60m) and other higher TF's. Can I be wrong? Of course. Whales can drop it on a whim if they wish. Time will tell... Happy Trading, David
...from the higher TF's like the 2h (120m) and 8h (480m). Be ready traders... Be ready.... Could I be wrong? Of course.... Just as I have said in a previous publication on ZECUSDT, "Whales can drop it on a whim if they choose to do so." Happy Trading, David
Hi everyone. It appears we have almost completed this wedge. Since Godmode has the Black LSMA at or near 20%, I would say our move OUT of this wedge will be Upward, NOT downward. This is my opinion. I'm about to take a power nap until we get out of this wedge. Cheers, David
It is quite common to have a Double Throwback after a Triple Breakout. I marked the 3 breakout points on the chart and drew a magenta color line to show a Double Throwback to $128. It's possible we may go to as low as $116 on my 0.618 FIB RT on Coinbase before having a Mark Up. Coinbase seems to show much more support at $128 than Poloniex. Hence the price...
I will copy and paste my Multi-Chart with 8 Time Frames (720m, 1 Day, 2 Day, 3 Day, 4 Day, 5 Day, 6 Day and Weekly) in just a moment for an easier view. The chart on the publication cover seems to always get blown up to a lower resolution. You'll see those TF's more clearly if you click the copy of it that I will post below shortly after posting this...
Using My "Loaded Guns" Theory, it looks like the 0.618 FIB RT (Re-Trace) is where I have placed it on my chart @ $1,897.70.
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:
May still have more downside to go. The same goes for most other crypto pairs as well. Just look at Godmode and you will see what I mean. I pointed out in a previous publication regarding the "June Dump Month." I'm NOT surprised to see this MAJOR consolidation occurring at the moment. I KNEW it would be some time near the first week in June. Like...
...for easier reading of the Text Bubble. MAKE SURE when you add Godmode indicator to a chart that you change the inputs from 9, 26, 13 -to- 9, 6, 3. ALSO, click the "add" (+) symbol in the top left corner inside the box of Godmode to add LSMA to Godmode. Then click the wheel of LSMA and change its input from 25 to 32. IF THE ABOVE INSTRUCTIONS ARE NOT...
Neutral on LTC for the moment. The 1h has a green line coming up to touch the red line; indicating upside. One can buy now if they want but have a stop loss in order. One concern is the green line at 68% in the 30m TF. Meaning, it may be almost spent in terms of upside before coming back down "potentially." We shall know more within the next 30 minutes to 4...
...$1,038. Still the overall trend is up. We are only in a brief consolidation period in my opinion. Remember, that $1,300 physiological barrier is allowing whales to play here for a while and get top dollar for their bitcoin before breaking out at $1,300. Very sorry for not trusting Godmode indicator in my previous analysis. I was going along with my gut...
The text bubble pretty much speaks for itself. Do NOT assume my labelling this "LONG" means to buy right this very moment. One must look at the lower TF's to determine when to make best possible entry. I do want to point out that Bitcoin generally has a big pump in the month of May and a big consolidation during the month of June according to history. It...
...substantially in the near future. I don't see any serious downside price action according to Godmode Indicator. I'm expecting we'll go to $47 to $47.50 price range at a minimum in the very near future. I've drawn a red line at a resistance level of approximately $45.45 price range. I'm expecting us to test that level and break through in the near future. ...
...to follow shortly. Do NOT immediately buy in unless you've already completed TA yourself in lower TF's to determine WHEN may be the best time for entry. Pasted chart again for easier read of Text Bubble: Again, more TF's will follow shortly...
I'm currently long on ZECUSD. Does this mean one should buy this very moment? No, not necessarily. I would recommend going to lower TF's to determine "when" might be the best time for entry. I'll post lower TF's than this 2 Day TF shortly after posting this publication. The text bubbles speak for themselves. I do expect ZEC, ETH, DASH, XMR and BTC to do...
...of text bubbles. The Daily indicates we still have more upside to continue. However, the lower TF's are currently showing a brief consolidation/distribution period before a continued move upside. How much further upside is yet to be determined. If you look at the Daily chart here, you can see the green, red & black lines CAN stay above the 80% mark for quite...
especially, when looking at the Daily TF. The reason I do not have six TF's posted on this pair is because all TF's pretty much had the Green, Red and Black (LSMA) lines hovering around 80%. This is normal when a pair is pumping the way this pair is currently. I made entry on this pair at $10.44; exited at $13.50 USD and re-entered at $12.50. The current...