Topic: Wyckoff Mode Technical Analysis - page 12. (Read 12112 times)
Here's the 4-Day (Top Left); 8-Day (Top Right); 12-Day (Bottom Left) and 16-Day (Bottom Right): The purpose of posting this is to show the POSSIBLE future trek of the lines within the Godmode indicator up till April 06, 2020. Which is my ESTIMATED date for possible 27% or more consolidation event.
NEW VIDEO PUBLICATION posted 42 minutes ago; titled, "MESSAGE #2 TO BEARS: Here's SUPPORT This is a BEAR TRAP!!! https://www.tradingview.com/chart/BTCUSD/mP4ggYGh-MESSAGE-2-TO-BEARS-Here-s-SUPPORT-This-is-a-Bear-Trap/
I admire this thread and its attempt to analyze pricing trends.
Since I prefer onwards and upwards in general for btc I am glad to see you are calling for us to break 20000 in under a year.
Since I prefer onwards and upwards in general for btc I am glad to see you are calling for us to break 20000 in under a year.
Hi Philipma,
Good to see you, Sir. It's been a while.
I had to stop mining... My power costs kept going up. When I first began, it was 9.2 cents per kWh. It's currently close to 14 cents per kWh. It certainly did not help with the 2018 bear market; as well as ZEC not changing their algorithm and ETH not changing theirs to discourage ASIC manufacturers from making more ASIC's. That's when I decided IT'S TIME to better my trading skills. So, I devoted 12 to 16 hours a day to teaching myself how to become a more effective trader/analyst.
Yes, I certainly see a chance of us TESTING all time high in August. However, we may likely fall back down below $19,666 in September before finally breaking out above it once again in November/December, 2020 and STAY above it for all of 2021.
Thanks again for dropping by to check out this thread. You're welcome at any time, Sir.
Stay Awesome!
David
PS - https://www.tradingview.com/chart/BTCUSD/mP4ggYGh-MESSAGE-2-TO-BEARS-Here-s-SUPPORT-This-is-a-Bear-Trap/
I admire this thread and its attempt to analyze pricing trends.
Since I prefer onwards and upwards in general for btc I am glad to see you are calling for us to break 20000 in under a year.
Since I prefer onwards and upwards in general for btc I am glad to see you are calling for us to break 20000 in under a year.
The 6h (Left) and 12h (Right) show the White Energy POTENTIALLY nearing exhaustion. This is WHY I'm careful to say, "We WILL see our dip here." I'm super hesitant to say "we WILL" see a few days of downward pressure UNTIL we see the CURRENT 2-Day Candle CLOSE with the Red RSI making contact with the Green Line WHILE the Green Line is going down; indicating downward pressure.
I'm about to make a pot of coffee before I create a video publication to provide support for my most recent TA. Have a look at the 2-Day while I make that pot of coffee. Pay particular attention to the text bubbles inside the Godmode Indicator.
Here's LONG TERM TA using Godmode 3.1 Mod with LSMA in the 12-Day TF: Keep in mind this is ONLY a "projection" and dates are subject to change as the price action and indicators play out.
Hi Exstasie,
Good to see you!
Good stuff. Not sure if I'm getting a bit bull-tarded here, but looking at the current market structure and typical extension targets, I'm beginning to favor the upper end of your range (or beyond):
Thanks! "...bull-tarded here..."
I'm watching the White Energy in the 6-Day TF VERY CLOSELY. We may very well pull this off. I'll show you below...
I know that question was meant for David, but I certainly do. There are always bears calling for "one more test of the lows" once a bull market becomes obvious. The higher time frame price action tells me they will be sorely disappointed this time.
[/quote]
I'm not well schooled on EW method but it's cool to know EW does not conflict with my "opinion."
Here is a NEW publication I created to share my thoughts... "Simply a Test to Look Back On By End of August, 2020 to Test ATH." https://www.tradingview.com/chart/BTCUSD/3PhJIGSQ-Simply-a-Test-to-Look-Back-On-By-End-of-August-2020-to-Test-ATH/
Here's the cover chart "without" indicators:
Here's the same chart "WITH" POSSIBLE future trek of Godmode indicator lines in the 6-Day TF:
Some say, "We will not test ATH until the end of 2020 in a similar way to 2016." However, they fail to realize two important facts about 2016 that we do not have in 2020. We had a hack of Bitstamp in January, 2016 and a hack of BitFinex in July, 2016. If we are to have a repeat of 2016, someone needs to hack two exchanges rather quickly... No? This is why I'm leaning more towards testing ATH no later than August but then pull back under it and finally breakout above it and stay above ATH ($19,666) in 2021.
Good to see you!
BTCUSD - IF we run up to... WHERE we may pull back to...
Good stuff. Not sure if I'm getting a bit bull-tarded here, but looking at the current market structure and typical extension targets, I'm beginning to favor the upper end of your range (or beyond):
Thanks! "...bull-tarded here..."
I'm watching the White Energy in the 6-Day TF VERY CLOSELY. We may very well pull this off. I'll show you below...
Do you think $6K is unrealistic ?
I know that question was meant for David, but I certainly do. There are always bears calling for "one more test of the lows" once a bull market becomes obvious. The higher time frame price action tells me they will be sorely disappointed this time.
[/quote]
I'm not well schooled on EW method but it's cool to know EW does not conflict with my "opinion."
Here is a NEW publication I created to share my thoughts... "Simply a Test to Look Back On By End of August, 2020 to Test ATH." https://www.tradingview.com/chart/BTCUSD/3PhJIGSQ-Simply-a-Test-to-Look-Back-On-By-End-of-August-2020-to-Test-ATH/
Here's the cover chart "without" indicators:
Here's the same chart "WITH" POSSIBLE future trek of Godmode indicator lines in the 6-Day TF:
Some say, "We will not test ATH until the end of 2020 in a similar way to 2016." However, they fail to realize two important facts about 2016 that we do not have in 2020. We had a hack of Bitstamp in January, 2016 and a hack of BitFinex in July, 2016. If we are to have a repeat of 2016, someone needs to hack two exchanges rather quickly... No? This is why I'm leaning more towards testing ATH no later than August but then pull back under it and finally breakout above it and stay above ATH ($19,666) in 2021.
BTCUSD - IF we run up to... WHERE we may pull back to...
Good stuff. Not sure if I'm getting a bit bull-tarded here, but looking at the current market structure and typical extension targets, I'm beginning to favor the upper end of your range (or beyond):
Do you think $6K is unrealistic ?
I know that question was meant for David, but I certainly do. There are always bears calling for "one more test of the lows" once a bull market becomes obvious. The higher time frame price action tells me they will be sorely disappointed this time.
BTCUSD - IF we run up to... WHERE we may pull back to...
Thank you GODMODE 
I saw your Post on Masterluc's Trade on Tradingview. Do you think $6K is unrealistic ?
BTCUSD - IF we run up to... WHERE we may pull back to...
BTCUSD - VIDEO Publication posted 20 hours ago; titled, "Upward Pressure Dominates; May Not Have Significant Dip Mid February." Posted 25 minutes ago... https://www.tradingview.com/chart/BTCUSD/srI0HR2Y-Upward-Pressure-Dominates-May-Not-Have-Significant-Dip-Mid-Feb/
BTCUSD - NEW VIDEO Publication; titled, "Upward Pressure Dominates; May Not Have Significant Dip Mid February." Posted 25 minutes ago... https://www.tradingview.com/chart/BTCUSD/srI0HR2Y-Upward-Pressure-Dominates-May-Not-Have-Significant-Dip-Mid-Feb/
ETHUSD - "Possible FIB Re-Tracement Scenarios Based on High We Go To." https://www.tradingview.com/chart/ETHUSDT/dYNTUyzw-Possible-FIB-Re-Tracement-Scenarios-Based-on-High-We-Go-To/
24h TF with a look at my White 200-Day Moving Average (MA):
Here's a look at the 3-Day TF:
BTCUSD - NEW VIDEO Publication; titled, "Too Dangerous to Short $10K; Indicators Are Too Bullish to Short." https://www.tradingview.com/chart/BTCUSD/Ca5C6ERd-Too-Dangerous-to-Short-10K-Indicators-Are-Too-Bullish-to-Short/
Update: Showing Godmode indicators for the 6-Day Time Frame:
Historical MAJOR occurrences within the indicators in the Monthly TF:
I didn't realize we were crossing above the 50% on the monthly! It sure seems like everything is falling into place for a major pre-halving pump.
Your $8,884 fib level lines up perfectly with the 200-day MA. Confirming that level as support and returning to the highs would look really bullish. While I'm open to a deeper pullback, there's a good chance that's the lowest we'll go.
Yes, the White Energy crossed above the 50% level in the Monthly. I didn't realize $8,884.67 was approximately lined up with the 200-Day MA.
Yes, it's possible that may be as low as we go.
We may not see a MAJOR pump begin until some time between mid February and the end of February.
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