Bitcoin Forum
January 25, 2020, 05:31:02 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 »
  Print  
Author Topic: Godmode Technical Analysis  (Read 6728 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (4 posts by 1 user deleted.)
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 09, 2019, 10:26:26 PM
 #321

My Marky,

Thanks for dropping by to comment...


What a sight for sore eyes! It's nice to finally see one good analyst who is predicting a bullish resolution. It seems like everyone else is licking their lips for a dump to $6000.


I believe many of those anticipating $6k's will get left behind.  At least from the looks of the indicators currently.

THEN once the price action is taken up to the $9,300 to $9,500 price range, we will see many novice traders begin to experience FOMO and buy in at or near the top of the $9,300 to $9,500 move; ONLY to experience "fear" once again when the price action comes back down to around $8,300 to $8,600 price level.

That's where I intend to get back into the market. I want to see some strength from bulls first, then I'll buy into the pullback.

I would pay close attention to what the price action does here before legging up.  If there is not a fairly decent pullback from here, the price action may act similar once the $9,300 to $9,500 price range is reached.  We may not see a decent pullback until around the $10,500 to $11,500 price range.

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.
1579973462
Hero Member
*
Offline Offline

Posts: 1579973462

View Profile Personal Message (Offline)

Ignore
1579973462
Reply with quote  #2

1579973462
Report to moderator
1579973462
Hero Member
*
Offline Offline

Posts: 1579973462

View Profile Personal Message (Offline)

Ignore
1579973462
Reply with quote  #2

1579973462
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1579973462
Hero Member
*
Offline Offline

Posts: 1579973462

View Profile Personal Message (Offline)

Ignore
1579973462
Reply with quote  #2

1579973462
Report to moderator
1579973462
Hero Member
*
Offline Offline

Posts: 1579973462

View Profile Personal Message (Offline)

Ignore
1579973462
Reply with quote  #2

1579973462
Report to moderator
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 10, 2019, 08:45:44 PM
 #322

"BTCUSD Has 4.5 Days to Dump Lower if it's Going to Do So."

https://www.tradingview.com/chart/BTCUSD/TYIntoqz-BTCUSD-Has-4-5-Days-to-Dump-Lower-if-it-s-Going-to-Do-So/



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.
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 11, 2019, 11:44:25 AM
 #323

"ETHBTC Dumps Soon; Consider Getting in Bitcoin; Read Comments..."  https://www.tradingview.com/chart/ETHUSDT/0fsLhTK2-ETHBTC-Dumps-Soon-Consider-Getting-in-Bitcoin-Read-Comments/

BELOW:  Is a 3-Day Chart I put in comments section of the video publication linked above:

ETHUSDT (Left); ETHBTC (Middle); BTCUSD (Right):


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.
exstasie
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 919


View Profile
October 11, 2019, 04:57:57 PM
 #324


Nice rejection by the bears last night:



What do you think, does that begin our last shot at new lows? I've still got some stink bids in the $6,000s I haven't pulled yet. Maybe there's still a chance. Smiley

dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 11, 2019, 05:03:32 PM
 #325


Nice rejection by the bears last night:



What do you think, does that begin our last shot at new lows? I've still got some stink bids in the $6,000s I haven't pulled yet. Maybe there's still a chance. Smiley

We have one hour remaining in the current 6h Candle.  The white energy in this 6h Candle looks like it could potentially continue with downward pressure a bit longer.  Which means we may have to wait another 6h candle or two before this current bout of downward pressure draws to a conclusion.




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.
figmentofmyass
Legendary
*
Offline Offline

Activity: 1274
Merit: 1065



View Profile
October 11, 2019, 06:14:15 PM
Merited by dmwardjr (1)
 #326

We have one hour remaining in the current 6h Candle.  The white energy in this 6h Candle looks like it could potentially continue with downward pressure a bit longer.  Which means we may have to wait another 6h candle or two before this current bout of downward pressure draws to a conclusion.

yesterday's video suggested we had 4.5 days (now 3.5) to establish the bottom, right? i'm keeping an open mind here. a wick to new lows that gets quickly bought up still fits that scenario.

i'm staying conservative because i'm mainly interested in when i can start leveraging long again. it's still too dangerous right now.

dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 11, 2019, 06:19:16 PM
Merited by figmentofmyass (1)
 #327

We have one hour remaining in the current 6h Candle.  The white energy in this 6h Candle looks like it could potentially continue with downward pressure a bit longer.  Which means we may have to wait another 6h candle or two before this current bout of downward pressure draws to a conclusion.

yesterday's video suggested we had 4.5 days (now 3.5) to establish the bottom, right? i'm keeping an open mind here. a wick to new lows that gets quickly bought up still fits that scenario.

i'm staying conservative because i'm mainly interested in when i can start leveraging long again. it's still too dangerous right now.

Hi FOMA,

Yes, it you're looking to leverage long, I would wait.  We will have a better feel of what the future may have in store once we have a new 3-Day, 4-Day, 6-Day, 9-Day and 12-Day candle begin on October 16, 2019.  The indicators will update then on all of those time frames to give us more valuable information.

Yes, a falling knife is possible.  We cannot rule that out.  If we have one, it will be a super quick event in my opinion.  So, best have buy orders in place down low.

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.
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 13, 2019, 09:09:32 PM
Last edit: October 13, 2019, 09:20:47 PM by dmwardjr
 #328

Possible future price action between now and Bitcoin Block Halving on May 16, 2020 using the Daily (24h) Time Frame.



A closer look with Bollinger Bands:


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.
marky89
Hero Member
*****
Offline Offline

Activity: 761
Merit: 502

CryptoTalk.Org - Get Paid for every Post!


View Profile
October 13, 2019, 11:02:34 PM
 #329

Possible future price action between now and Bitcoin Block Halving on May 16, 2020 using the Daily (24h) Time Frame.

I was hoping for a more decisive weekly close. Instead, it looks like we'll have a big upper shadow. $8500+ would have been a much prettier way to end the week.

Are you fairly confident the bottom is in already? How many days left until a new 12-day candle opens on your chart? I wasn't sure if you went by UTC or local time.

Thanks for your videos by the way, very informative!

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
JL0
Member
**
Offline Offline

Activity: 305
Merit: 13


View Profile
October 14, 2019, 12:23:25 AM
 #330

Possible future price action between now and Bitcoin Block Halving on May 16, 2020 using the Daily (24h) Time Frame.



A closer look with Bollinger Bands:


First Thank you. Could you post that on Tradingview ? I'd like to pursue it  Grin
If we look at the Volume it's low and for me I think we gonna drop some more.
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 14, 2019, 03:47:28 AM
 #331

Possible future price action between now and Bitcoin Block Halving on May 16, 2020 using the Daily (24h) Time Frame.

I was hoping for a more decisive weekly close. Instead, it looks like we'll have a big upper shadow. $8500+ would have been a much prettier way to end the week.

Are you fairly confident the bottom is in already? How many days left until a new 12-day candle opens on your chart? I wasn't sure if you went by UTC or local time.

Thanks for your videos by the way, very informative!

Hi Marky,

UTC time...

The current 12-Day Candle is from October 4th to October 15th.  A "new" 12-Day candle begins on October 16th.

I still feel good about my thoughts on us continuing the bull.  As for percentage...  I would say I feel about 75% likely to go bull and 25% to turn into more downward bear market until the new year. 

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.
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 14, 2019, 03:50:33 AM
 #332

First Thank you. Could you post that on Tradingview ? I'd like to pursue it  Grin
If we look at the Volume it's low and for me I think we gonna drop some more.

When you say, "Post it on TradingView for you to pursue it..." what do you mean by "pursue" it?

You mean you want me to post it as a chart publication on TradingView?


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.
dragonvslinux
Full Member
***
Offline Offline

Activity: 588
Merit: 187



View Profile WWW
October 14, 2019, 08:06:49 AM
 #333


A real live bottom call! That's a rarity these days among all this pessimistic sentiment.

I've got mixed feelings. We didn't get the classic high volume BTC capitulation I was looking for, but then again we didn't in July 2013 either. I'm still concerned this may be short term relief rally type action before the final shakedown. Bitfinex longs are still stubbornly high.

I understand your "concern."  However, I believe they plan on a short squeeze at current price level $8,500 to $8,700 before taking it up to $9,300 to $9,500 price range.  People have been in "fear" for quite a while and this is an opportune time for them to accumulate more coins with less competition for those coins while "fear" is still prevalent.  THEN once the price action is taken up to the $9,300 to $9,500 price range, we will see many novice traders begin to experience FOMO and buy in at or near the top of the $9,300 to $9,500 move; ONLY to experience "fear" once again when the price action comes back down to around $8,300 to $8,600 price level.  Many will sell then at a lower price because of "emotions."  Then the price will chill there for a bit before continuing back up once again and they buy back in at a higher price than what they sold.

That's my two cents...

I don't doubt this is possible, a move to mid $9k to re-test the descending triangle breakdown, I'm still waiting on this to occur hence avoiding adding to any short positions. However, why the price would find support again in the mid $8k's doesn't add up to me personally. Of course it could happen, but I don't see any reasoning at present. For starters, the 200 Day MA by that time will be even closer to $9k than it is now, so the price would again be stuck underneath it in a bearish fashion. A rejection from the triangle breakdown would be detrimental to the price and confirm a longer-term downtrend in my mind. The chances of the $8k area holding a second time within a short time span seems very low in this sense.

I also read you don't rule out $6k, so well aware you recognize this could happen too. Call me boring, but I'm still waiting for the target of the triangle breakdown to be achieved before laddering heavily, which Bitcoin in the past as respected more than most asset classes. Either that or a decent buying opportunity that currently doesn't present itself in my opinion.

Just throwing in my two satoshis to the speculation.

dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 14, 2019, 09:40:55 AM
 #334

I don't doubt this is possible, a move to mid $9k to re-test the descending triangle breakdown, I'm still waiting on this to occur hence avoiding adding to any short positions. However, why the price would find support again in the mid $8k's doesn't add up to me personally. Of course it could happen, but I don't see any reasoning at present. For starters, the 200 Day MA by that time will be even closer to $9k than it is now, so the price would again be stuck underneath it in a bearish fashion. A rejection from the triangle breakdown would be detrimental to the price and confirm a longer-term downtrend in my mind. The chances of the $8k area holding a second time within a short time span seems very low in this sense.

I also read you don't rule out $6k, so well aware you recognize this could happen too. Call me boring, but I'm still waiting for the target of the triangle breakdown to be achieved before laddering heavily, which Bitcoin in the past as respected more than most asset classes. Either that or a decent buying opportunity that currently doesn't present itself in my opinion.

Just throwing in my two satoshis to the speculation.

Hi DvsL,

Thanks for dropping into the forum to respectfully share your opinion.  You have certainly made some good points.  It will be much easier for me to address the 200 Day-MA in a video.  I'll plan on creating a video addressing the 200 Day-MA within the next 24 hours.

Stay Awesome!

David

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.
JL0
Member
**
Offline Offline

Activity: 305
Merit: 13


View Profile
October 14, 2019, 12:55:19 PM
 #335

First Thank you. Could you post that on Tradingview ? I'd like to pursue it  Grin
If we look at the Volume it's low and for me I think we gonna drop some more.

When you say, "Post it on TradingView for you to pursue it..." what do you mean by "pursue" it?

You mean you want me to post it as a chart publication on TradingView?


That's exactly what I mean  Grin
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 14, 2019, 05:07:57 PM
 #336

NEW VIDEO PUBLICATION:  "50-Day MA Crossing 200-Day MA Does NOT Necessarily Mean DEATH."  https://www.tradingview.com/chart/BTCUSD/gWrevEoz-50-Day-MA-Crossing-200-Day-MA-Does-NOT-Necessarily-Mean-DEATH/

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.
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 14, 2019, 05:11:36 PM
 #337

First Thank you. Could you post that on Tradingview ? I'd like to pursue it  Grin
If we look at the Volume it's low and for me I think we gonna drop some more.

When you say, "Post it on TradingView for you to pursue it..." what do you mean by "pursue" it?

You mean you want me to post it as a chart publication on TradingView?


That's exactly what I mean  Grin

The video publication I just posted in the link above this response is the reason I did NOT create a Chart Publication for that POSSIBLE scenario.  It could honestly go either way in regard to the price action remaining below the 200-Day MA up to 53-Days (similar to 2015) before final transition into a long term bull trend.  The indicators suggest we could go ABOVE the 200-Day MA.  However, I know from experience that upward pressure does not always equate to SIGNIFICANT upward price action during the upward pressure.  Hence, the reason for not posting that as a CHART publication.

NEW VIDEO PUBLICATION:  "50-Day MA Crossing 200-Day MA Does NOT Necessarily Mean DEATH."  https://www.tradingview.com/chart/BTCUSD/gWrevEoz-50-Day-MA-Crossing-200-Day-MA-Does-NOT-Necessarily-Mean-DEATH/

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.
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 17, 2019, 07:17:36 PM
 #338

"White Energy in 3-Day TF Dictates WHEN Downward Pressure Ends."  SEE COMMENTS IN COMMENTS SECTION:  https://www.tradingview.com/chart/BTCUSD/ubrlf8QA-White-Energy-in-3-Day-TF-Dictates-WHEN-Downward-Pressure-Ends/

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.
illyiller
Hero Member
*****
Offline Offline

Activity: 699
Merit: 520



View Profile
October 17, 2019, 09:04:02 PM
 #339

"White Energy in 3-Day TF Dictates WHEN Downward Pressure Ends."  SEE COMMENTS IN COMMENTS SECTION:  https://www.tradingview.com/chart/BTCUSD/ubrlf8QA-White-Energy-in-3-Day-TF-Dictates-WHEN-Downward-Pressure-Ends/

I sure hope we can avoid the 50/200 MA cross ("death cross") on the daily chart. Those usually confirm a mid/long term bear market. They look to intersect pretty soon, maybe next week. A significant move down to the low $6,000s would be pretty threatening for that reason.
dmwardjr
Legendary
*
Offline Offline

Activity: 1428
Merit: 1141


Crypto Trading Technical Analyst


View Profile
October 17, 2019, 09:13:12 PM
 #340

"White Energy in 3-Day TF Dictates WHEN Downward Pressure Ends."  SEE COMMENTS IN COMMENTS SECTION:  https://www.tradingview.com/chart/BTCUSD/ubrlf8QA-White-Energy-in-3-Day-TF-Dictates-WHEN-Downward-Pressure-Ends/

I sure hope we can avoid the 50/200 MA cross ("death cross") on the daily chart. Those usually confirm a mid/long term bear market. They look to intersect pretty soon, maybe next week. A significant move down to the low $6,000s would be pretty threatening for that reason.

If you have not seen this video yet, watch it:  "50-Day MA Crossing 200-Day MA Does NOT Necessarily Mean DEATH."  https://www.tradingview.com/chart/BTCUSD/gWrevEoz-50-Day-MA-Crossing-200-Day-MA-Does-NOT-Necessarily-Mean-DEATH/

We are currently in Phase D of a Wyckoff Accumulation Schematic. Phase D has two major events. #1 - Is the "Sign of Strength" (SOS) pushing us substantially above Preliminary Support to establish a new higher trading range. #2 - is the "Back Up/Last Point of Support" (BU/LPS); which is basically re-accumulation within that new higher established trading range.  Once our "Back Up/Last Point of Support" (BU/LPS) is completed; this will end Phase D and we transition into Phase E.  However, We are not "officially" in Phase e until we breakout ABOVE $13,880 on Bitstamp.

My most recent video publication for BTCUSD points out the indicators in the 3-Day time frame in conjunction with the 12-Day time frame will likely be the best time frames to use to see WHEN this episode of downward pressure in this "Back Up/Last Point of Support" (BU/LPS) will likely end and we begin to slowly transition into Phase E of our Wyckoff Accumulation Schematic.

Even if we do fall lower into the $6k's, this does not mean we are going to continue into a prolonged bear market.  It simply means our BU/LPS dropped lower before our transition into Phase E in my opinion.




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.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!