BITCOIN Continues to Look Bullish in This 3-Day TF
Posting the 3-Day chart AGAIN because Trading View's platform will likely scrunch up the cover chart for this publication.
Here's my Bitcoin History Chart from Beginning to End using Wyckoff Method: You will see two (2) previous Accumulation Schematics (Beginning 2012 and 2015) along with a couple of periods of Distribution. We are currently beginning a new (our 3rd) Accumulation Schematic in my honest opinion.
Here's a look at the first Accumulation Schematic beginning in 2012:
Here's a look at the second Accumulation Schematic beginning in 2015:
Here's the third Accumulation Schematic beginning Present Day (2019):
For more information in regards to Wyckoff Schematics you can go to this link on stock charts: stockcharts.com...school/doku.php?id=chart_s...
I'll follow up with more charts soon. I thought it was time to create a new publication because I believe the TREND is changing and the previous BTCUSD chart was getting a bit long.
Here's my Bitcoin History Chart from Beginning to End using Wyckoff Method: You will see two (2) previous Accumulation Schematics (Beginning 2012 and 2015) along with a couple of periods of Distribution. We are currently beginning a new (our 3rd) Accumulation Schematic in my honest opinion.
Here's a look at the first Accumulation Schematic beginning in 2012:
Here's a look at the second Accumulation Schematic beginning in 2015:
Here's the third Accumulation Schematic beginning Present Day (2019):
For more information in regards to Wyckoff Schematics you can go to this link on stock charts: stockcharts.com...school/doku.php?id=chart_s...
I'll follow up with more charts soon. I thought it was time to create a new publication because I believe the TREND is changing and the previous BTCUSD chart was getting a bit long.
הערה:
Those of you wanting to UNDERSTAND Godmode 3.1 Mod with LSMA indicator more should click on the following publication and scroll down just a hair to see the FIVE (5) RULES I've written for Godmode 3.1 Mod with LSMA.
הערה:
2-Day TF:
הערה:
It's my recommendation that one trade with a smaller portion of their capital at the moment to accumulate coins.
In what way?
Have a look at the Accumulation Schematic that began in 2015:
I would use a small amount of your capital to attempt to buy at or near the bottom of our "Selling Climax" in Phase A; then Sell at or near the top of the Automatic Rally in Phase A to buy back in at or near the bottom of the Second Test in Phase A.
If you are an individual with LARGE capital, the Second Test in Phase A is an excellent place for you to begin accumulation of large amounts of coin over the course of Phase B as the price action plays out within a trading range. You can use small amounts of the coins you accumulate to sell again at the top of simple rallies in Phase B and buy more again on the Tests in Phase B. You can expect multiple TESTS and Rallies in Phase B before we get to our SPRING in Phase C. Pay close attention to the NOTE I've written in that chart (above) for the 2015 Accumulation Schematic. Phase C is where you will want to go ALL IN (so to speak) with your capital on the Spring and the TEST after the SPRING.
I'm saying this to emphasize NOW is NOT the time to be going on unless you're will to HODL for most of 2019. We may not see a SPRING and TEST after the Spring until September/October, 2019.
In what way?
Have a look at the Accumulation Schematic that began in 2015:
I would use a small amount of your capital to attempt to buy at or near the bottom of our "Selling Climax" in Phase A; then Sell at or near the top of the Automatic Rally in Phase A to buy back in at or near the bottom of the Second Test in Phase A.
If you are an individual with LARGE capital, the Second Test in Phase A is an excellent place for you to begin accumulation of large amounts of coin over the course of Phase B as the price action plays out within a trading range. You can use small amounts of the coins you accumulate to sell again at the top of simple rallies in Phase B and buy more again on the Tests in Phase B. You can expect multiple TESTS and Rallies in Phase B before we get to our SPRING in Phase C. Pay close attention to the NOTE I've written in that chart (above) for the 2015 Accumulation Schematic. Phase C is where you will want to go ALL IN (so to speak) with your capital on the Spring and the TEST after the SPRING.
I'm saying this to emphasize NOW is NOT the time to be going on unless you're will to HODL for most of 2019. We may not see a SPRING and TEST after the Spring until September/October, 2019.
הערה:
By the way, my idea of LARGE capital is one with $5,000,000 or more.
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REMEMBER: The charts I've posted recently are for the LONG TERM.
Here's the 2h TF for the NEAR TERM:
Here's the 2h TF for the NEAR TERM:
הערה:
Not sure how the current issue with BitFinex will affect the markets... It's certainly something to keep tabs on. Here's a tweet for BitFinex: We are aware of some issues on our platform and are working quickly to resolve. Please be assured all funds are safe. We appreciate your patience. twitter.com/bitfinex.../1080868500338561024
This could have something to do with taking coins off exchanges to confirm exchanges are not insolvent that is supposed to go into affect on January 3rd.
This could have something to do with taking coins off exchanges to confirm exchanges are not insolvent that is supposed to go into affect on January 3rd.
הערה:
Wyckoff Method is the best method to use in regards to getting an idea of what to look for in price action from one event to the next event. I prefer it over Elliot Wave Method.
One thing is for certain, we are looking for a confirmation of this Selling Climax concluding. The 2-Day TF is the main time frame I like using for that confirmation if HIGHER time frames are indicating the Selling Climax is drawing to a conclusion. And YES, the higher TF's such as the 4-Day, 7-Day, 14-Day, 21-Day and Monthly TF's are all signaling a potential conclusion.
The Blue LSMA in the 2-Day TF tends to turn back downward around the 50% level if we are in a BEAR market. This is WHY I'm placing so much emphasis on the Blue LSMA in the 2-Day TF in my previous note earlier regarding the 2-Day TF.
If the Blue LSMA in the 2-Day TF manages to overcome potential downward pressure AFTER reaching the 50% level, this will be a good signal the Selling Climax has concluded and we should be on our way to an Automatic Rally.
READ THE NOTE in this 2-Day TF:
One thing is for certain, we are looking for a confirmation of this Selling Climax concluding. The 2-Day TF is the main time frame I like using for that confirmation if HIGHER time frames are indicating the Selling Climax is drawing to a conclusion. And YES, the higher TF's such as the 4-Day, 7-Day, 14-Day, 21-Day and Monthly TF's are all signaling a potential conclusion.
The Blue LSMA in the 2-Day TF tends to turn back downward around the 50% level if we are in a BEAR market. This is WHY I'm placing so much emphasis on the Blue LSMA in the 2-Day TF in my previous note earlier regarding the 2-Day TF.
If the Blue LSMA in the 2-Day TF manages to overcome potential downward pressure AFTER reaching the 50% level, this will be a good signal the Selling Climax has concluded and we should be on our way to an Automatic Rally.
READ THE NOTE in this 2-Day TF:
הערה:
Bitfinex appears to be back online: twitter.com/bitfinex.../1080876235314614272
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Not sure if any of your remember what I said about my Phoenix TSI Long Cycle indicator in the 3-Day time frame in this video publication? If you don't remember, you're welcome to listen to it again. Click the chart below to watch and listen...
Anyway, I'm simply pointing out something important about the Phoenix TSI Long Cycle in the 3-Day TF here in this chart of present day:
3-Day TF:
Anyway, I'm simply pointing out something important about the Phoenix TSI Long Cycle in the 3-Day TF here in this chart of present day:
3-Day TF:
הערה:
This doesn't necessarily mean we will have a significant move to the upside based on what is seen in this 12h TF. I'm simply pointing out we should have upward pressure for a little while.
הערה:
So far so good with the Blue LSMA in the 2-Day TF. I previously stated the Blue LSMA in the 2-Day TF tends to turn back down and go to the 20% level again in a bear market. We're not seeing a sign of that sort of episode occurring yet. Which see:
Here's the Daily (24h) TF:
3-Day TF:
4-Day TF: This current 4-Day Candle just began today (14 hours ago). There's actually a pretty good chance for this Automatic Rally to begin within the next 82 hours (3.5 Days).
Here's the Daily (24h) TF:
3-Day TF:
4-Day TF: This current 4-Day Candle just began today (14 hours ago). There's actually a pretty good chance for this Automatic Rally to begin within the next 82 hours (3.5 Days).
