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Author Topic: Godmode Technical Analysis  (Read 7996 times)
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dmwardjr
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September 15, 2019, 11:53:48 PM
Last edit: September 17, 2019, 07:51:58 PM by dmwardjr
 #261

Hi everyone,

This chart (below) is "BLX"

I can only assume this ticker is an average price of all MAJOR exchanges throughout RECORDED history. I'm not for certain on this. It's only an assumption.

the index was developed by brave new coin. at this moment it's composed of coinbase, bitstamp, 2 kraken markets, gemini, and itbit. you can see the constituents (including historical ones) here: https://bravenewcoin.com/enterprise-solutions/indices-program/blx

I'm noticing several things on this chart that's not seen on a single exchange. I'll share my thoughts on BLX in a video publication later tonight.

i'm looking forward to it! i always love your videos.

has your view of the market changed at all since your last update on the 10th? it's starting to look like we'll end this correction totally sideways rather than hitting those levels in the $7000s or $8000s.

Hi FOMA,

Nice to see ya!   Grin

Thank you very much for taking the time to research how BLX is compiled and the link.  I'll have a look at it later.

I'm currently busy working on another chart for another publication.  That video publication will cover indicators in my NORMAL chart with indicators.  However, I will also include Wyckoff analysis in the comments section.  Here's the BLX chart I'm currently apply Wyckoff Method to:  Still working on it.  Then I'll get to that video.  I'll be sure to post it here when  completed.


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 17, 2019, 01:04:45 AM
 #262

"Still Chance for Drop to 40-EMA in 4-Day TF by End of September." - https://www.tradingview.com/chart/BLX/Gx3TKtQ3-Still-Chance-for-Drop-to-40-EMA-in-4-Day-TF-by-End-of-September/

There's certainly still a chance for a drop to the 30-EMA in the 4-Day TF around $9,565.00 by end of September.  From what I'm seeing in the 2-Day TF, we may continue with downward pressure until the last week of September to first week of October before we see a reversal to upward pressure.  I honestly do not see a "significant" move downward in the works.  My opinion of course...

Happy Trading and Stay Awesome!

David

Weekly TF “without” indicators:




Weekly TF “with” indicators:



4-Day TF “without” indicators:



4-Day TF “with” indicators:



2-Day TF “with” indicators:


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 17, 2019, 03:50:24 PM
 #263

"Still Chance for Drop to 40-EMA in 4-Day TF by End of September." - https://www.tradingview.com/chart/BLX/Gx3TKtQ3-Still-Chance-for-Drop-to-40-EMA-in-4-Day-TF-by-End-of-September/

There's certainly still a chance for a drop to the 30-EMA in the 4-Day TF around $9,565.00 by end of September.  From what I'm seeing in the 2-Day TF, we may continue with downward pressure until the last week of September to first week of October before we see a reversal to upward pressure.  I honestly do not see a "significant" move downward in the works.  My opinion of course...

I'm thinking along similar lines. The door looks to be closing on real selloff below the $9K level. It seems more likely that we'll keep building out this contracting triangle range.

A dip to the $9,500-$9,600 area would be just about perfect. It would keep the triangle intact and would keep us inside the daily Bollinger Bands. So we'd still be coiling for upside breakout, while still shaking out the weak hands.

Thanks for sharing!

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September 18, 2019, 10:12:16 AM
Last edit: September 21, 2019, 03:54:19 AM by dmwardjr
Merited by exstasie (1)
 #264

"Still Chance for Drop to 40-EMA in 4-Day TF by End of September." - https://www.tradingview.com/chart/BLX/Gx3TKtQ3-Still-Chance-for-Drop-to-40-EMA-in-4-Day-TF-by-End-of-September/

There's certainly still a chance for a drop to the 30-EMA in the 4-Day TF around $9,565.00 by end of September.  From what I'm seeing in the 2-Day TF, we may continue with downward pressure until the last week of September to first week of October before we see a reversal to upward pressure.  I honestly do not see a "significant" move downward in the works.  My opinion of course...

I'm thinking along similar lines. The door looks to be closing on real selloff below the $9K level. It seems more likely that we'll keep building out this contracting triangle range.

A dip to the $9,500-$9,600 area would be just about perfect. It would keep the triangle intact and would keep us inside the daily Bollinger Bands. So we'd still be coiling for upside breakout, while still shaking out the weak hands.

Thanks for sharing!

Hi Exstasie,

Good to see you!   Grin

Apologies for the delay responding.  I visited my parents today then I got busy remodeling my office once I got back.  I'll include a few photos of the progress below.

Thanks for dropping by and contributing.  The 30-EMA is still very much in play in the 4-Day.  The more I look at the 40-EMA in the 4-Day; even it is still in play if this keeps dragging out to September 30th.  You will see in this 4-Day chart I have a vertical time line at September 26.  The 40-EMA may very well be up near that Purple Trend Line I drew by some time between September 26th and 30th.  If so, we could be looking at $9,425 to $9,525.  Of course, they could do a hard dump as a shakeout before taking us up.  However, I personally believe that would be a gift to many who are waiting just for that.  I'm sure many have buy orders placed waiting for something like that.  Which is why they may not get the "gift" they are hoping for.



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 19, 2019, 03:25:31 AM
 #265

"Still Chance for Drop to 40-EMA in 4-Day TF by End of September." - https://www.tradingview.com/chart/BLX/Gx3TKtQ3-Still-Chance-for-Drop-to-40-EMA-in-4-Day-TF-by-End-of-September/

There's certainly still a chance for a drop to the 30-EMA in the 4-Day TF around $9,565.00 by end of September.  From what I'm seeing in the 2-Day TF, we may continue with downward pressure until the last week of September to first week of October before we see a reversal to upward pressure.  I honestly do not see a "significant" move downward in the works.  My opinion of course...

I'm thinking along similar lines. The door looks to be closing on real selloff below the $9K level. It seems more likely that we'll keep building out this contracting triangle range.

A dip to the $9,500-$9,600 area would be just about perfect. It would keep the triangle intact and would keep us inside the daily Bollinger Bands. So we'd still be coiling for upside breakout, while still shaking out the weak hands.

Thanks for sharing!

Well Exstasie, it looks like our 30-EMA has been hit in the 4-Day TF.  Next in line is the Gray 40-EMA in the chart below.  I believe it can hit the 40-EMA before reversal to upward pressure.  I'll provide a video publication later this evening.

Happy Trading Everyone!

Stay Awesome!

Update using the 4-Day TF before I get back to my office remodel:


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 19, 2019, 02:52:57 PM
 #266

It's POSSIBLE for downward pressure to come to a close on or around September 21st; when looking at this 12h TF.


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 21, 2019, 03:53:44 AM
Last edit: September 21, 2019, 08:00:38 AM by dmwardjr
 #267

NEW VIDEO PUBLICATION, titled, "Consider Scattering Buy Orders Between 30 & 40 EMA in 4-Day TF."  https://www.tradingview.com/chart/BTCUSD/W1lte82K-Consider-Scattering-Buy-Orders-Between-30-40-EMA-in-4-Day-TF/


Go to the 4-Day TF for your exchange and add the following indicators:  30-EMA and 40-EMA.  Once you see the current price for the 30-EMA and 40-EMA IN THE 4-DAY TIME FRAME (TF), I recommend scattering buy orders between those two EMA's in the 4-Day TF.  Of course, this is MY OPINION.  If we have not made it to or below the 30-EMA in the 4-Day TF by September 26, 2019.  I would consider slowly buying coins at whatever the price is at that particular time.  Why?  Because Composite Groups (Whales) may not allow it to go much lower again.

The following is an update on my office remodel:

Here is a view of the wall with new base cabinets I made to place a countertop on.  I also made that sliding drawer for my keyboard, mouse, etc...  I also made and painted all the shelving like I did the base cabinets.  I still need to make doors for the base cabinets but I'll do that later in the future.  



Here is a closer view of the sliding drawer.  I still have a couple of things to mount and wire up.  Such as my 1080p webcam and Elgato Stream Deck.  You also see a 15 inch MacBook Pro I placed there to give you perspective of the size of the 55 inch 4K TV's.  




Here's a photo of the PC build underneath the sliding drawer with keyboard and mouse.  It's nothing fancy but it gets the job done with those three 55 inch 4K TV's.  I have one more PC build to do similar to that one with the exact same case.  It will go underneath another countertop you will see shortly.

 

Here's a photo of my Allen & Heath ZED 12FX mixer.  You also see my Sennheiser wireless mic receiver hooked up to the mixer; as well as my transmitter with a cord to unravel with a small mic to go on the lapel of my shirt or jacket during educational videos, LIVE streaming, etc...  



Here is a view of my entire "L" shaped glass desk I bought in 2000 with three 27 inch Thunderbolt displays.  Two of those displays are connected to a Late 2013 Mac Pro desktop that looks like a black trash can.  The other display is connected to a Late 2012 Mac Mini.  I still need to do more wire management under the glass desk and add a sliding drawer under the Mac Mini for its keyboard and mouse.  You also see I mounted a shelf on the wall to place my Epson printer.  



I have one more PC build to do that will be very similar to the PC build you saw underneath the large counter top with base cabinets.  The next PC build will cover up that square opening you see in the wall underneath the short counter top.  I mounted that countertop with heavy duty "L" brackets.  It's not going anywhere.  I need to get two more 27 inch monitors -OR- two more 55 inch 4K TV's to place on or mount above this countertop mounted to the wall.  



Simply another view of the office as walk through the entrance door to the office:  


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 21, 2019, 09:26:58 AM
Merited by dmwardjr (1)
 #268

Go to the 4-Day TF for your exchange and add the following indicators:  30-EMA and 40-EMA.  Once you see the current price for the 30-EMA and 40-EMA IN THE 4-DAY TIME FRAME (TF), I recommend scattering buy orders between those two EMA's in the 4-Day TF.  Of course, this is MY OPINION.  If we have not made it to or below the 30-EMA in the 4-Day TF by September 26, 2019.  I would consider slowly buying coins at whatever the price is at that particular time.

I feel it too. The time is getting near. A few weeks tops, probably less. It's going to be a hell of a year end! I'm also getting the feeling we won't see that 40-EMA. Buyers are absorbing every dump in sight.

Maybe one more undercut of the lows to the ascending trend line ~ $9,500......if we're lucky!

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September 22, 2019, 12:25:41 PM
Merited by figmentofmyass (1)
 #269

Go to the 4-Day TF for your exchange and add the following indicators:  30-EMA and 40-EMA.  Once you see the current price for the 30-EMA and 40-EMA IN THE 4-DAY TIME FRAME (TF), I recommend scattering buy orders between those two EMA's in the 4-Day TF.  Of course, this is MY OPINION.  If we have not made it to or below the 30-EMA in the 4-Day TF by September 26, 2019.  I would consider slowly buying coins at whatever the price is at that particular time.

I feel it too. The time is getting near. A few weeks tops, probably less. It's going to be a hell of a year end! I'm also getting the feeling we won't see that 40-EMA. Buyers are absorbing every dump in sight.

Maybe one more undercut of the lows to the ascending trend line ~ $9,500......if we're lucky!

You may be right... We may not see the 40-EMA in the 4-Day TF but it's going to be close.  ; )

By the way, here's a NEW VIDEO PUBLICATION; titled, "Let's Talk Price Action & Trading Strategy With Alts & Bitcoin."  Be SURE to checkout comments section...  https://www.tradingview.com/chart/XMRBTC/UUnZkG8A-Let-s-Talk-Price-Action-Trading-Strategy-With-Alts-Bitcoin/

I'm going to go ahead and paste what's in the comments section below:

First off, please feel free to share your thoughts on what you've heard and seen in this video. There may be something I haven't considered or did consider but forgot to elaborate on it due to time constraints. Many on YouTube, TradingView Cryptocurrency Chat Room, Twitter , etc... are saying, "Alt season is about to begin." HOWEVER, it may not begin the way some are thinking. Many may grow impatient as they see BItcoin/USD going up in USD value while their Altcoin is remaining flat in USD value and their Altcoin is also going DOWN in Bitcoin value. Many may get liquidated while trading Altcoin/Bitcoin pairs with leverage; because they assume their Altcoin/Bitcoin pair is going to go up. It simply may not go up at the particular time they want it to go up.

Keep in mind... The ONLY Altcoins I'm referring to in this publication are those which are traded in BOTH USD -AND- Bitcoin . I'm NOT referring to Altcoins that are traded ONLY in Bitcoin .

#1 - Expecting Altcoin/USD pairs to fall WITH Bitcoin/USD over the next several days. Don't be alarmed... Anticipate higher lows for Altcoin/USD pairs.
#2 - Expecting Altcoin/USD pairs and Bitcoin/USD to come up together near CURRENT price level at a very similar percentage.
#3 - Once Altcoin/USD pairs and Bitcoin/USD all get back to similar price levels to where we have just fallen from, we can anticipate Altcoin/USD pairs to remain flat (sideways)
While Bitcoin/USD begins going up.
#4 - Altcoin/BTC pairs will begin falling as Bitcoin/USD goes up and Altcoin/USD pairs remain flat. This is where I would want you to sell 20 to 30 percent of your Altcoin(s) for
Bitcoin along with the whales. At this point your Bitcoin you obtained by selling some of your Altcoin for those Bitcoins SHOULD be going up in USD value WHILE your Altcoin(s)
are remaining flat in USD value.
#5 - You were still holding on to 70 to 80 percent of your Altcoins you bought at a nice low price while selling the other 20 to 30 percent for Bitcoin by simply trading your Altcoin
for Bitcoin just before the Altcoin/Bitcoin pair(s) begin to drop in BTC value.
#6 - Once Bitcoin reaches $11,700, we should begin to have a close look at the indicators to see WHEN Bitcoin/USD will have a correction after hitting resistance. That resistance
may be around $13,800. Once Bitcoin/USD encounters heavy resistance to have a shakeout before continuing up to test All Time High by year end, we may want to consider
using that Bitcoin to buy back Altcoins at a lower BTC price on the Altcoin/Bitcoin pair(s). This way, you will have accumulated more Altcoin(s).
#7 - Once you bought back your Altcoin(s) with your Bitcoins at a lower BTC price, you will have accumulated more Altcoin(s) -AND- THAT is when the Altcoin is likely to go up
in both USD value -AND- BTC value. It may go up MORE in BTC value (percentage wise) than it does in USD value at that point.
#8 - Bitcoin/USD will eventually complete it's correction AFTER the Altcoin/USD pairs have legged up to a new higher trading range after a rather long period of sideways price action.
Which means Bitcoin/USD will resume going up to test All Time High after that correction that may begin at $13,800.
#9 - Anticipate Altcoin/USD pairs to a little more than double their lows in a similar fashion as Bitcoin/USD. This puts Bitcoin/USD testing All Time High by year end. However, this
does NOT put Altcoin/USD pairs testing their All Time High by year end. Altcoin/USD pairs will not test their All Time High until later in 2020. Possibly the June of 2020.
10 - Be prepared to sell some Altcoin(s) and/or Bitcoin at or near their high near year end of 2019 to setup buying back in at a lower price in early 2020. However, PLEASE consider
keeping a significant amount (At least 50%) of your coins OFF exchange in cold storage during this time while using the remainder to make the previously mentioned trades.

Please feel free to comment, like and subscribe (follow).

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.
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September 23, 2019, 12:41:11 PM
 #270

30-EMA in the 4-Day TF currently at $9,685 and 40-EMA in the 4-Day currently at $9,229. This is the price range I mentioned scattering buy orders. I also mentioned if we do not see the price come down even to the 30-EMA ($9,685) by end of day on September 26th, we may need to seriously consider slowly buying back in before legging up without pushing the price up too much to get your coins as cheaply as possible.

Here's the 4-Day TF with the Gray 40-EMA currently at $9,229 and the 30-EMA currently at $9,685.



Here is the Daily to show the 200-MA:



Still looks like we may have a decent chance for reversal to upward pressure and change of trend from bear to bull between September 26th and September 30th.

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 23, 2019, 12:51:05 PM
 #271

Here's the Daily with indicators shown:


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September 23, 2019, 11:00:38 PM
 #272

30-EMA in the 4-DAY time frame was just crossed for a bit. It's my opinion that buy orders should have been scattered from the 30-EMA down to the 40-EMA.

Yes, you can consider scattering more buy orders between the 40-EMA and the 50-EMA in the 4-DAY time frame and even between the 50-EMA and 60-EMA. If buy orders between EMA's at lower price levels do not get filled, you can always jump in with your remaining capital you intend to use for trading and/or investment once it begins shooting upward. However, you may want to set alarms and adjust the price levels of the alarms accordingly as the price moves up and/or down.


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 23, 2019, 11:13:48 PM
 #273

Shorts have closed the gap some with the Longs since August 19th.  We still have a LOT more Longs than we do shorts.

BTCUSD BitFinex (Top); BTCUSD BitFinex Short Contracts (Middle); BTCUSD BitFinex Long Contracts (Bottom):


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 24, 2019, 12:57:30 AM
 #274

In the Weekly TF, we see the Red 21-EMA currently sitting at $9,339 price level at this writing. It could be falling just a bit while I'm writing. The current price level of the Weekly 21-EMA is currently in between the 30-EMA and 40-EMA in the 4-Day TF; which is shown in the 4-Day chart provided a couple posts 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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September 24, 2019, 07:10:38 PM
 #275

Shorts have closed the gap some with the Longs since August 19th.  We still have a LOT more Longs than we do shorts.

Brutal price action! We sliced right through that 40-EMA like butter. Looks like longs are finally going to be squeezed after all. Bitstamp just nearly tagged $8,500 so that 0.618 level in the $8,300s / the 70-EMA is now in play.

Exciting times! I'm thankful for the buying opportunities and glad I didn't start DCA yet. Cheesy What are your thoughts?

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September 24, 2019, 07:14:04 PM
 #276

Shorts have closed the gap some with the Longs since August 19th.  We still have a LOT more Longs than we do shorts.

Brutal price action! We sliced right through that 40-EMA like butter. Looks like longs are finally going to be squeezed after all. Bitstamp just nearly tagged $8,500 so that 0.618 level in the $8,300s / the 70-EMA is now in play.

Exciting times! I'm thankful for the buying opportunities and glad I didn't start DCA yet. Cheesy What are your thoughts?

I'm leaning towards that 0.618 we just got closed to.  I'm going to do a video shortly.


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 24, 2019, 07:26:12 PM
 #277

90m TF looks ready to go up VERY soon in Godmode.


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September 24, 2019, 09:41:47 PM
 #278

Posted this VIDEO Publication on TradingView close to an hour ago.

"80-EMA in the 4-Day TF is Likely Bottom When Comparing History."
 https://www.tradingview.com/chart/BTCUSD/PDuZPO5w-80-EMA-in-the-4-Day-TF-is-Likely-Bottom-When-Comparing-History/

I had several people post comments in comments section on that video publication shortly after posting it.  I had to respond to them first before coming over here to post the video.

I'm looking forward to when my website is LIVE so I can have a LIVE STREAM going; which would be IDEAL in cases like this for me to communicate with my subscribers.

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 24, 2019, 09:46:51 PM
 #279

Th Daily (24h) 200-EMA acting as SOLID support in my opinion:


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dmwardjr
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September 24, 2019, 09:52:03 PM
 #280

The BitFinex Hack of July, 2016 had the Yellow 90-EMA in the 4-Day act as support.  It was the Magenta 80-EMA during the consolidation in 2013 before the run up to $1,163.  I believe the Magenta 80-EMA in the 4-Day was likely it for present day.


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