... on this Daily TF. We are only having some consolidation...
...after day. I have four Pitch Forks that mark various trends. I will pull back on another chart to post after this publication. Don't miss this one folks. 12h TF:
...in Wyckoff's cycle to a Spring and/or Up Thrust. Yes, I could be wrong on this one and we end up going down further. However, I have a hunch this is not the case. I believe we are not far off from taking a leg up to the $50 to $55 range. Yes, I'm saying I'm "long" on this one. However, this does "not" mean we should ignore taking the opportunity to make as...
After observing Silver and Gold prices going up the way they are currently, I'm beginning to believe we may not drop as low when we consolidate again before legging up. The reason I'm saying I'm "Short" on BTCUSD right now is because I believe our next decent size consolidation move will begin within the next 2 to 5 days. Buying right now may be a bit risky...
LOL I like the way DASHUSD is looking... I'll post 2 to 4 more charts after posting this 4h TF publishing... I did add "another" Pitch Fork on top of another. I will send that "older" Pitch Fork to "Back" in the next chart I post; where the new Pitch Fork is bolder.
I had several people ask me where NXT is going. So, I decided to do a publishing on NXTUSD. It was very hard to determine what our Preliminary Support (PS) for NXTUSD from the Weekly TF. I had to go to the Daily TF to "try" to get an idea of where PS could possibly be. If we do not go well past 0.01281589 on the first Automatic Rally, it's quite possible...
... opinion. It is better to trade this coin in USD than BTC in my honest opinion. Everyone should trade a coin in USD if it's offered for trade in USD. EDIT: Heikin-Ashi Weekly candles indicates potential for more downside. May NOT want to rush to get into this one. Play it smart on making a good entry. Weekly Heikin-Ashi (HA) posted below. EDIT #2: ...
...the course of the next 5 to 10 days. Expect a LOT of resistance at $13.75 to $14.25. We will have to bust through $14.25 quite soundly in order to see us NOT fall back down to the $12.55 to $12.75 range again. In any case, I don't see much chance of losing on XMRUSD at the moment. My opinion. I'm not responsible for any trades made by anyone based off my...
It was getting old scrolling down. Starting new ideas while looking for patterns with those ideas. You're just watching me think out loud. Anyone else can join in if they like. Here is a copy of the Chart: www.tradingview.com Add to/Take from, whatever you like... Share any ideas, patterns, etc...
I'm still fine tuning a little bit. However, I at least wanted to get this out there. More charts to come... Note: I'm not posting a chart any more unless it's worth posting. Paying more attention to numbers now; rather than colors. Well, still colors too, but in association with numbers.
The volume has decreased quite a bit; this can also be seen by the BB's [I'll be sure to bring them forward "visually" in an upcoming chart. I'm going on a theory to see if the the shape (track) of the candles will play out as I have depicted with the yellow lines. Note, I only depicted the high and low points; NOT the battles that go on in between. I will try...
Pay attention to the yellow lines previous event and current/future... We'll see how it plays out....
...Test. Maybe $33.33 again? If it goes that low, I would not be surprised at all for a Spring to begin instead of it being just another Automatic Rally. It may be just another AR (2nd AR) if one thinks about the accumulation phase we're in. How long will this last before it's pumped up for a consolidation move? When pumped up, where to? That's what I would...
I'm starting with this ride of Royal blue and have only placed ONE Explosion (FIB Circle) on the chart.
It gets old scrolling down through a publishing to get to current charts. So, started a new thread to show the similarities I'm beginning to see with the two FIB Circles pictured here... I did not want to compare the Consolidation Event in between because it was interrupted by the BitFinex Hack. Hopefully, this one will have no interruptions. hehe ; )
what plays out.... This is the Daily TF... Copy of the chart if you want it: www.tradingview.com
This Publication will slowly apply FIB TOOLS to The Birth of BITCOIN.
... to 1.618 Extension. DEFINITIONS of what I intend to convey with this and following charts. FIB SRF FIB SRA FIB RT to 0.618 % [Retrace from top of Peek from a Spring and/or Upthrust Event; Then down to the "FIB RT 0.618 % (Retracement back down to bottom of Consolidation Wave). FIB RT to 1.618 % Extension: . I Explained in a previous...