Bitcoin's Downtrend Analyzed - BTCUSD/Bitstamp
Using my Time at Mode Methodology - Following Up from my last posts on this methodology.
Time expired on day 11 and 12 last week (while I was on vacation, so I didn't publish this).
It takes a concentrated effort to keep managing what this methodology is telling you to do, but it is a very clear method to tell you exactly what is going on in the market from a trend/trending/accumulation/distribution perspective.
The rally here could extend to the mode where there was 12-days (also 11-days).
It is very interesting how the market fell by the same 16.4% range that the market traded in AT THE MODE, subtracted FROM THE MODE. The equal "points" decline didn't quite make it to the 48 points drop as shown. Either way, it's a pretty useful target and methodology.
Cheers,
Tim
See all of my BTCUSD charts - links below -
Time expired on day 11 and 12 last week (while I was on vacation, so I didn't publish this).
It takes a concentrated effort to keep managing what this methodology is telling you to do, but it is a very clear method to tell you exactly what is going on in the market from a trend/trending/accumulation/distribution perspective.
The rally here could extend to the mode where there was 12-days (also 11-days).
It is very interesting how the market fell by the same 16.4% range that the market traded in AT THE MODE, subtracted FROM THE MODE. The equal "points" decline didn't quite make it to the 48 points drop as shown. Either way, it's a pretty useful target and methodology.
Cheers,
Tim
See all of my BTCUSD charts - links below -
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