Clarification With Two Previous Publications Combined...
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 Godmode will NOT go up significantly because the Phoenix ARI was still showing downward sentiment (pressure). I probably should have provided VIDEOS in those publications in order to avoid confusion and provide better clarification of what I intended to convey.
Have a look at those two publications and what was provided in comments section of those publications. Links to those publications are provided in "Related Ideas" link below my comments.
Thanks again for following and your support! If you found this publication helpful, please take a moment to click "Like."
Happy Trading Everyone!
David
Have a look at those two publications and what was provided in comments section of those publications. Links to those publications are provided in "Related Ideas" link below my comments.
Thanks again for following and your support! If you found this publication helpful, please take a moment to click "Like."
Happy Trading Everyone!
David
הערה:
I will be working on business taxes. Which means I will be VERY busy the next several days with journal entries, etc... I will provide occasional publications but not many updates within those publications while working on business taxes.
הערה:
Further clarification:
Taking it up once more will certainly stand a chance of liquidating margin short positions. However, taking it up will also LULL IN margin long positions to set them up to be liquidated shortly afterward by taking us back down to test support in Phase B.
Taking it up once more will certainly stand a chance of liquidating margin short positions. However, taking it up will also LULL IN margin long positions to set them up to be liquidated shortly afterward by taking us back down to test support in Phase B.
הערה:
Update with the Daily to show the indicators then get back to business taxes.
הערה:
Someone made the following statement in a reply to a publication I posted in regards to "Moving Averages." That statement is quoted below. Before I post that statement, I need to inform you I'm pasting my reply to that statement in the next post. I also want to encourage anyone else who wishes to contribute to either statement to feel free to do so in the comments section of this publication. Here's their statement:
"The problem with looking at MA's is that Bitcoin is following a S grown curve, so we can't expect the same kind of growth that it exhibited five years ago. This is the reason why it is dropping below the MA's that held support back then."
My reply in the next post (below):
"The problem with looking at MA's is that Bitcoin is following a S grown curve, so we can't expect the same kind of growth that it exhibited five years ago. This is the reason why it is dropping below the MA's that held support back then."
My reply in the next post (below):
הערה:
I only use moving averages to assist with identifying the "potential" end and/or beginning of a trend; whether it be a bull or bear trend. Again, I use moving averages TO ASSIST...
The main indicators I use for INITIAL identification of a bull or bear trend in most any time frame is Godmode 3.1 Mod with LSMA, Phoenix Ari "merged" with Stochastic RSI, Phoenix TSI Short Cycle and Phoenix TSI Long Cycle. Moving averages are a LAGGING indicator and are used ONLY as a lagging indicator for ADDITIONAL confirmation to the other indicators listed previously.
I also use Wyckoff Method to identify EVENTS within a specific phase of a Wyckoff Schematic to assist with identifying the potential end and/or beginning of a trend within a particular time frame. The indicators I mentioned are used to assist with identify if and/or when an EVENT within a specific phase of a Wyckoff Schematic is or already has begun or about to end before transitioning into the next EVENT within a phase of a Wyckoff Schematic.
Simply drawing a couple of curves on a chart and saying the price action must stay inside that curve indefinitely is folly in my opinion. Especially, with bitcoin and several other crypto currencies. Why? Because the way the crypto currencies I'm referring to are designed in regards to "deflation." Let's use Bitcoin's deflative nature as an example: 1) It is scarce. 2) The amount of bitcoin mined reduces every year until no more Bitcoin will ever be mined. Those two factors alone OFFSET/DISRUPT any "CURVE" you wish to apply to it. If you were to create a graph of the examples I just provided, you would find that example creates an OPPOSING "CURVE" to the curved lines you may want to draw on a chart on the bottom and top of bitcoin's price action candles. Hence, my reason for saying that curve "OFFSETS" any curve you may have in mind to the contrary.
ANOTHER CURVE that's NOT to be ignored and to keep in mind applies to FIAT currencies. They've been on a never ending downward "S-Curve" to ZERO value BECAUSE OF THEIR DESIGN; which is based on DEBT. Bitcoin's "value" is not based on DEBT. It's based on five (5) principles that actually DEFINE "value." One of which is "scarcity." FIAT is not "scarce." It can be created in paper and/or digital form to infinity; Bitcoin cannot be created to infinity. So, any attempt to apply a curve to bitcoin that's contrary to its "fundamental" DESIGN is vain. It's my opinion that if one understands its "fundamental" design; they can focus more on "technical" analysis with indicators to determine it's "value."
I can actually make a sound argument (in regard to "curves") that Bitcoin's "curve" is like a "dynamo" that's on an ever "ascending" group of MULTIPLE "S-Curves." Mainly because of it's "deflationary" nature in its design.
Kind Regards,
David
The main indicators I use for INITIAL identification of a bull or bear trend in most any time frame is Godmode 3.1 Mod with LSMA, Phoenix Ari "merged" with Stochastic RSI, Phoenix TSI Short Cycle and Phoenix TSI Long Cycle. Moving averages are a LAGGING indicator and are used ONLY as a lagging indicator for ADDITIONAL confirmation to the other indicators listed previously.
I also use Wyckoff Method to identify EVENTS within a specific phase of a Wyckoff Schematic to assist with identifying the potential end and/or beginning of a trend within a particular time frame. The indicators I mentioned are used to assist with identify if and/or when an EVENT within a specific phase of a Wyckoff Schematic is or already has begun or about to end before transitioning into the next EVENT within a phase of a Wyckoff Schematic.
Simply drawing a couple of curves on a chart and saying the price action must stay inside that curve indefinitely is folly in my opinion. Especially, with bitcoin and several other crypto currencies. Why? Because the way the crypto currencies I'm referring to are designed in regards to "deflation." Let's use Bitcoin's deflative nature as an example: 1) It is scarce. 2) The amount of bitcoin mined reduces every year until no more Bitcoin will ever be mined. Those two factors alone OFFSET/DISRUPT any "CURVE" you wish to apply to it. If you were to create a graph of the examples I just provided, you would find that example creates an OPPOSING "CURVE" to the curved lines you may want to draw on a chart on the bottom and top of bitcoin's price action candles. Hence, my reason for saying that curve "OFFSETS" any curve you may have in mind to the contrary.
ANOTHER CURVE that's NOT to be ignored and to keep in mind applies to FIAT currencies. They've been on a never ending downward "S-Curve" to ZERO value BECAUSE OF THEIR DESIGN; which is based on DEBT. Bitcoin's "value" is not based on DEBT. It's based on five (5) principles that actually DEFINE "value." One of which is "scarcity." FIAT is not "scarce." It can be created in paper and/or digital form to infinity; Bitcoin cannot be created to infinity. So, any attempt to apply a curve to bitcoin that's contrary to its "fundamental" DESIGN is vain. It's my opinion that if one understands its "fundamental" design; they can focus more on "technical" analysis with indicators to determine it's "value."
I can actually make a sound argument (in regard to "curves") that Bitcoin's "curve" is like a "dynamo" that's on an ever "ascending" group of MULTIPLE "S-Curves." Mainly because of it's "deflationary" nature in its design.
Kind Regards,
David
הערה:
I do agree with you in regard to NOT EXPECTING "...the same kind of growth exhibited five years ago." You will find I made absolutely no reference to "GROWTH" in those publications (above). The only thing I referenced was the location of price action in relation to moving averages; while comparing that relation with past and present for the purpose of identifying the potential end of a trend and beginning of another trend. I also believe you would agree current price action in relation to moving averages indicates we are far more over-sold when comparing to historical price action and moving averages.
The main point of my argument to your statement is the following:
If we are to apply a "curve" analysis to Bitcoin Price Action, we must also take into account ALL OTHER CURVES THAT CAN AFFECT THAT PRICE ACTION. For example: Apply a "curve" analysis to the "deflationary" design of bitcoin in relation to the amount of bitcoin mined over the course of time as it becomes more scarce. ANOTHER CURVE: Apply a "curve" analysis to the "inflationary" design of FIAT currencies. WHY? Because we are using those FIAT currencies TO ASSIST with determining the "value" of Bitcoin.
My argument is "IF" we are to apply a "curve" analysis to bitcoin's price action, we MUST also apply a "curve" analysis to all other "fundamentals" that could affect Bitcoin's price action in regards to it's "value."
The main point of my argument to your statement is the following:
If we are to apply a "curve" analysis to Bitcoin Price Action, we must also take into account ALL OTHER CURVES THAT CAN AFFECT THAT PRICE ACTION. For example: Apply a "curve" analysis to the "deflationary" design of bitcoin in relation to the amount of bitcoin mined over the course of time as it becomes more scarce. ANOTHER CURVE: Apply a "curve" analysis to the "inflationary" design of FIAT currencies. WHY? Because we are using those FIAT currencies TO ASSIST with determining the "value" of Bitcoin.
My argument is "IF" we are to apply a "curve" analysis to bitcoin's price action, we MUST also apply a "curve" analysis to all other "fundamentals" that could affect Bitcoin's price action in regards to it's "value."
הערה:
35 minutes remaining until a NEW DAILY (24h) CANDLE BEGINS.
I've placed the tips of the point of each text bubble to point out where the Green Line is in Godmode and Where the Phoenix Ari is currently located in order to show you how they will update shortly after a NEW Daily (24h) Candle is created. I'll post the Daily again about an hour from now to compare to the chart below.
I've placed the tips of the point of each text bubble to point out where the Green Line is in Godmode and Where the Phoenix Ari is currently located in order to show you how they will update shortly after a NEW Daily (24h) Candle is created. I'll post the Daily again about an hour from now to compare to the chart below.
הערה:
I'm about to do another video publication. Before I do, I wanted to post the Daily (24h) TF once again to allow you to see how the indicators updated AFTER the creation of a NEW Daily Candle.
