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Author Topic: Godmode Technical Analysis  (Read 6725 times)
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dmwardjr
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September 24, 2019, 10:02:02 PM
Last edit: September 25, 2019, 01:37:03 AM by dmwardjr
 #281

Our "Back-Up/Last Point of Support" (BU/LPS) Event marks the completion of Phase D. Which means we are about to have our transition into Phase E once we see our "Sign of Strength."


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September 24, 2019, 10:04:07 PM
 #282

Here's some more information:  We have just seen our "Backup/Last Point of Support" in my opinion.  Which means we are about to make the transition from Phase D into Phase E.  This link provides a BRIEF insight on the BASICS of Wyckoff Method: https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method

2012 Accumulation Schematic With Description of each Phase:



2015 Accumulation Schematic With Description of each Phase:


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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September 25, 2019, 11:09:28 AM
 #283

Will We Make History Falling Below 90-EMA in 4-Day TF Huh   https://www.tradingview.com/chart/BTCUSD/3EAyao7n-Will-We-Make-History-Falling-Below-90-EMA-in-4-Day-TF/

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September 25, 2019, 05:51:33 PM
Merited by dmwardjr (1)
 #284


could be but i'm with ya---unlikely.

i was expecting a spring off the 200dma here but instead, all this momentum on the 1h-2h time frames is being squandered. halfway towards exhaustion while we just hover above the lows. stagnant, not what i hoped to see.

so indeed we might need another spike down into the $7000s. it'll likely get bought up pretty hard though. then the bottom sellers will start chasing!

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September 25, 2019, 10:13:02 PM
 #285


could be but i'm with ya---unlikely.

i was expecting a spring off the 200dma here but instead, all this momentum on the 1h-2h time frames is being squandered. halfway towards exhaustion while we just hover above the lows. stagnant, not what i hoped to see.

so indeed we might need another spike down into the $7000s. it'll likely get bought up pretty hard though. then the bottom sellers will start chasing!

Hi FOMA,   Grin

Yep, we got that spring off the 200dma.

Hard to say if we get that other spike into the upper $7k's. Maybe...  I feel pretty good about that 80-EMA and especially, the 90-EMA.

Also NOTE the month of October DURING A BULL (Accumulation) Trend; NOT during Distribution like we have seen in 2014 Distribution and 2018 Distribution. We are in ACCUMULATION Schematic. Only one time have we seen a bearish month of October during Accumulation. That was in 2012.


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September 26, 2019, 12:06:57 AM
Last edit: September 26, 2019, 12:57:44 AM by dmwardjr
 #286

IMPORTANT NOTE:

Let's NOT assume we MUST fall into Distribution in a similar way to 2014 and 2018 "IF" we have Weekly Candles CLOSE BELOW the 21-EMA.  I'm about to provide an example WHY I prefer to use the 4-Day over the Weekly.  However, I'm using the 80 and 90 EMA in the 4-Day instead of the commonly used 20 or 21 EMA in the Weekly.

Here's the Weekly:  The text bubbles are self explanatory in each chart.  The Red Dots in the Weekly Chart is the 21-EMA



Here's the 4-Day:  The text bubbles are self explanatory in each chart.



ALSO NOTE how the White 200-MA in the Daily (24h) was broken by a couple of candles in 2013.  Yet, we did not fall into a prolonged period of Distribution like we did in 2014 and 2018.


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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September 26, 2019, 02:49:37 PM
Last edit: September 27, 2019, 11:33:42 PM by dmwardjr
 #287

It's POSSIBLE History MIGHT Be Made With 90-EMA in 4-Day TF.  https://www.tradingview.com/chart/BTCUSD/mdSYh3aw-It-s-POSSIBLE-History-MIGHT-Be-Made-With-90-EMA-in-4-Day-TF/

It's possible for future price action to play out like the following...  Which is explained in the video:


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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September 30, 2019, 05:31:50 PM
Last edit: October 01, 2019, 09:48:40 AM by dmwardjr
 #288

Not Out of the Woods Yet Until Next 12-Day Candle for Reversal  https://www.tradingview.com/chart/BTCUSD/yJTBLn5K-Not-Out-of-the-Woods-Yet-Until-Next-12-Day-Candle-for-Reversal/

Be sure to checkout comments and charts in comments section of the link to the publication (above).

Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 01, 2019, 05:28:30 PM
Merited by figmentofmyass (1)
 #289

ALERT ALERT ALERT...

REVERSAL IS IN THE BAG "THIS WEEK."

Meaning... THIS WEEK is the last week of downward pressure.  It will be OBVIOUS next week that Upward Pressure has taken control for a sustained long term upward momentum.

Compare WHITE Vertical Time Lines in this Weekly TF.  The White vertical time line to the far left is July, 2013.  I see a LOT of similarity between present day and July, 2013.  We may have already seen bottom.

I'll provide a video within the next hour or two.


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 01, 2019, 06:59:06 PM
 #290

Hi EVERYONE!

We are getting VERY CLOSE to time to say, "PRICE DOWN PICK UP!"  ; ) https://www.youtube.com/watch?v=lEBP9dpVM70

We are about to reverse to downward pressure ONE LAST TIME in the Daily (24h) TF.  Whether or not we see a lower low during that time is unknown.  However, all I got to say is this, "IF you have not bought in yet, THAT will be the time to get in because we will not see this low of price again."  PERIOD...  It's possible we may have already seen our "low."  Too hard to say at this time...  However, I do feel quite confident this next stint of downward pressure coming up in the Daily (24h) TF will be our last stint of downward pressure before we can say, "PRICE DOWN PICK UP!"  My thoughts are explained in the video below...


"ALERT - REVERSAL IN THE BAG NO LATER THAN OCT. 6th OR 7th" -
https://www.tradingview.com/chart/BTCUSD/tFVU77qs-ALERT-REVERSAL-IN-THE-BAG-NO-LATER-THAN-OCT-6th-OR-7th/

Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 01, 2019, 08:13:47 PM
Last edit: October 01, 2019, 09:50:07 PM by dmwardjr
 #291

A look at POSSIBLE future trek of the lines within Godmode in the Daily (24h) TF:  Remember, the WHITE ENERGY is NEAR EXHAUSTION.  I'm expecting it to turn back down potentially soon.  NOTE the date on the WHITE vertical time line at the bottom of the chart for reversal to significant upward pressure by October 7th.


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 02, 2019, 03:43:01 AM
Last edit: October 02, 2019, 04:00:21 AM by dmwardjr
 #292

We have a NEW Daily (24h) Candle.  Which means the indicators in the Daily (24h) have updated (Advanced forward).  Here's what they look like now.  NOTE:  I made adjustments after the lines of the indicators had advanced.


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 02, 2019, 08:19:21 AM
 #293

NEW VIDEO Publication titled, "The Weekly 21-EMA is NO LONGER PRECEDENT.  Time for NEW Precedent."  https://www.tradingview.com/chart/BTCUSD/csAFwPYs-The-Weekly-21-EMA-is-No-Longer-Precedent-Time-for-New-Precedent/


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 02, 2019, 04:16:32 PM
 #294

Compare WHITE Vertical Time Lines in this Weekly TF.  The White vertical time line to the far left is July, 2013.  I see a LOT of similarity between present day and July, 2013.  We may have already seen bottom.

I've been seeing parallels too. Sentiment-wise it feels very similar. I remember feeling really pessimistic in early July 2013 when we put that bottom in. All the weakness we're seeing now on the lower time frames is eliciting similar feelings. Smiley

I take it you don't put much stock into the descending triangle breakdown everyone is talking about?

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October 02, 2019, 06:26:36 PM
 #295

ALERT ALERT ALERT...

REVERSAL IS IN THE BAG "THIS WEEK."

Meaning... THIS WEEK is the last week of downward pressure.  It will be OBVIOUS next week that Upward Pressure has taken control for a sustained long term upward momentum.

that's quite a bold prediction considering we just broke downwards into a new sub-$9k trading range! if we had quickly sprung back up on the weekly chart i'd be more confident but since bulls look so sluggish, i'm waiting for an SOS type signal before flipping to the long side.

i might put out some spot bids on the next leg down though. we're due for a serious bounce no matter what. you think we still got a shot at those $6893 or $7355 levels or you leaning towards a higher low now?

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October 02, 2019, 09:08:55 PM
 #296

ALERT ALERT ALERT...

REVERSAL IS IN THE BAG "THIS WEEK."

Meaning... THIS WEEK is the last week of downward pressure.  It will be OBVIOUS next week that Upward Pressure has taken control for a sustained long term upward momentum.

that's quite a bold prediction considering we just broke downwards into a new sub-$9k trading range! if we had quickly sprung back up on the weekly chart i'd be more confident but since bulls look so sluggish, i'm waiting for an SOS type signal before flipping to the long side.

i might put out some spot bids on the next leg down though. we're due for a serious bounce no matter what. you think we still got a shot at those $6893 or $7355 levels or you leaning towards a higher low now?

Hi FOMA,

Good to see you!   Grin

I think $7,355 would be about as low as I would feel safe to place an order; out of fear I would miss getting filled if I were sleeping at the time it went down.

Yes, it was a rather bold prediction.  Which is why I later on (in comments section) said the following:

10 hours ago
Comment: There is a SLIGHT chance of not seeing reversal to SUSTAINED upward pressure until mid October. It still looks pretty good for October 6th or 7th. At the same time I want to encourage others who have not pulled the trigger to buy yet to stay in cash (FIAT or Tether) a bit longer. Maybe until on or around October 4th I will provide another video and/or chart publication with more information as to whether we are about to begin our SUSTAINED long term bull trend.


It would have been "more reserved" to say,

"I'm expecting the 12-Day Candle beginning October 4th to be the 12-Day Candle in which we should find our bottom and begin turning up.  Not sure if it will be during the first 6 days or the last 6 days of that 12-Day Candle.  However, I do see us finding bottom during the 12-Day Candle beginning October 4, 2019."

Here's a look at the 12-Day:  Remember the next 12-Day Candle begins October 4, 2019.  The current 12-Day Candle began, September 22nd.  The next 12-Day Candle AFTER the one that begins October 4th will be October 16th.  So, some time between October 4th and October 15th is when I'm expecting us to see a reversal to SUSTAINED upward pressure.


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 02, 2019, 09:13:21 PM
 #297

Compare WHITE Vertical Time Lines in this Weekly TF.  The White vertical time line to the far left is July, 2013.  I see a LOT of similarity between present day and July, 2013.  We may have already seen bottom.

I've been seeing parallels too. Sentiment-wise it feels very similar. I remember feeling really pessimistic in early July 2013 when we put that bottom in. All the weakness we're seeing now on the lower time frames is eliciting similar feelings. Smiley

I take it you don't put much stock into the descending triangle breakdown everyone is talking about?

Hi Exstasie,

Good to see ya!   Grin

No, I don't put much stock into descending triangles.  I rely more on indicators in multiple time frames than I do "patterns."

Yes, I can imagine the emotions everyone was going through at the time in July 2013.  Especially with a Weekly Candle closing BELOW the Weekly 21-EMA and the Daily Candle Closing BELOW the 200 Day MA.  We are experiencing very similar today for sure.  Both in emotions AND with the Weekly 21-EMA and Daily 200-MA.

Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 02, 2019, 09:25:05 PM
 #298

A look at the 0.786 FIB RT level.  It's been holding up for quite some time.


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 03, 2019, 05:28:49 PM
 #299

ETHUSD will be bearish most all of October in my opinion.  As well as many other ALT/USD pairs.  Bitcoin will begin to rise in value soon WHILE ETH/USD and ETH/BTC dump lower.  ETHUSD and ETHBTC may be a slow bleed until mid December.

Have a look at this 12-Day TF for BTCUSD:


Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/WyckoffMode/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
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October 03, 2019, 08:06:18 PM
 #300

ETHUSD will be bearish most all of October in my opinion.  As well as many other ALT/USD pairs.  Bitcoin will begin to rise in value soon WHILE ETH/USD and ETH/BTC dump lower.  ETHUSD and ETHBTC may be a slow bleed until mid December.

While I'm starting to see some positive signs on the weekly ETHBTC chart, I agree it looks like one more grind downwards is probable.

I remember you mentioned something about a bull market in altcoins next year? Did you have any projections regarding price? I'm particularly interested in the ETHBTC pair.

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