...We have found bottom in my opinion. This next 7-Day candle [To begin on February 5, 2018 in approximately 45 minutes] will OPEN higher than previous 7-Day candle's low. I expect it to continue higher and fall within a trading range between $9,222 and $14,394 on the 7-Day TF.
The bear trend IS OVER in my opinion and it's now time for entry. Again, THIS IS MY OPINION. I have a HARD time seeing this going below my 0.38 FIB at $7,513.68.
The black lines with arrows may not be the actual trek of the price action. However, I'm quite sure we more than likely found bottom and reversal will be OBVIOUS to many very soon.
More charts will follow [With indicators] later today...
7-Day TF:
We just completed a Three Drives Down pattern, in my opinion, and reversal to the upside is upon us.
7-Day TF WITH Indicators:
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Sundays and Wednesdays are days in which significant moves usually occur in crypt. We shall see shortly what the indicators tell us once the new 7-Day candle updates and the indicators update along with it.
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2-Day TF:
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As you can see, a NEW 7-Day candle has begun. It is black on my chart [Which is good; it means price is up].
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If you have Wyckoff Schematic in mind, we have completed a Selling Climax and SHOULD now being heading upside in an Automatic Rally.
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Pseudoplastic [In comments below] did encourage me [In a nice way] to double check myself and look at other TF's to see if there's a possibility of further downside in the price action. Yes, there is.
IF you have already made entry and break up what you're willing to invest into a coin into thirds like I do myself, you can simply use your next 3rd to make entry at or around $5800 [If it comes down that far]. If you did not break up into thirds, you can take a loss {if not too much] to buy in lower or you can bag hold till it comes back up.
4-Day TF:
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The 7-Day looks like it's primed to come up but another look at a lower TF [4-Day] shows one might wish to wait a little longer to confirm reversal if they have not made entry yet.
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The lower TF than the 7-Day being the 4-Day TF.
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If you don't like a lot of notifications, you might want to unfollow me or turn off your notifications. Cause I post a lot of charts when we are approaching a reversal; whether it be to the upside or downside.
Read the tweet and his response to comments to his tweet. Worth the read.
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A "NEW" 4-Day candle in 3 hours.
The indicators for the 4-Day should update then. I'm also monitoring lower TF's in the mean time.
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LISTEN UP:
I'm actually getting tired of NEW ACCOUNTS [Possibly created by someone who's been here a while] Coming to my publications telling me to stop misleading people. rsdntevl is the most recent one to do this.
IF I could EDIT my post and tell everyone to hold off from entry, I most certainly would. Maybe there is a way to do that and I'm not aware of how to do it. If you know how to do it, please share with me how to do it.
Bottom line is what is post are my "IDEAS." I also say, "My opinion..." My posts do NOT control YOUR decision on YOUR trades. They are simply "IDEAS."
I did post a chart with the 4-Day TF saying it looks like we're coming down more and possibly to $5,800. THAT'S THE REASON FOR UPDATES, ISN'T IT? Can someone NOT change their mind based off any changes they see in the market or for not looking at something they should have looked at before? When I trader makes a post on TV, they have to OWN IT and cannot change their mind? If that's the way some of you see this then you need to stop following me and leave me the hell alone.
I do my best based off what I know. I did not force anyone to follow me or tell anyone they should follow all of my "OPINIONS." These are simply what I say they are; "OPINIONS."
Stop following me if you don't like my opinions. It's that simple... And stop the BS posts in my comments as though I'm misleading people. Some here act as though you cannot share an IDEA unless one is ABSOLUTELY correct. If that's what you think, then NO ONE can post an idea because there is no way to KNOW if you're right until AFTER the fact.
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Simply posting my response to another follower here:
tviewcrau PRO 9 minutes ago Thanks for the updates, you were on of the first people I ever learned from, happy to continue learning. +1 Reply
ProwdClown PRO tviewcrau 5 minutes ago @tviewcrau,
Thank you. I'm sincerely sorry I did not look at the 4-Day TF before making my post saying the Bottom is here. I "REALLY" wish I had done so because I CANNOT STAND BEING WRONG. WHY? Because I have plans in the future to potentially run my own crypto currency trading company. I'm posting charts here on TV to create a HISTORY for potential clients to look at in the future in that regard. So, I think you can see by that aspiration alone that it would behove me to be correct as often as possible.
At the same time, I'm NOT going to allow FEAR OF BEING WRONG keep me from posting on here to share my IDEAS. WHY? Because I WILL make mistakes WHICH MEANS OTHERS CAN ALSO LEARN FROM MY MISTAKES. I want others to SEE what I'm thinking while using my indicators so they too might can learn from what I may fail to see or overlook.
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I'm about to work on a new publication for ETCUSD Poloniex.
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I'm with Dave (Michael Huddleston) on this: "The Market Just Erased All Of 2018 Gains, Distraction?, Watch Gold & Cryptos!" youtube.com/watch?v=NDA3_GUuIks
The way this has gone down hard the past 24 hours makes me think this may come up hard soon. It will take a little time for cash to transfer over from stock exchanges to crypto exchanges.
Thanks, nice to see one who does not mind me brain storming out loud for all to see without criticizing me... ;-)
omgcoindaddy
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@ProwdClown, You are here doing this for free to help others, I would never criticize you. I'm not sure why anyone would come here to criticize be it traders or analysts. Traders should take responsibility for their own trades or not trade at all.
Thank you. I'm sincerely sorry I did not look at the 4-Day TF before making my post saying the Bottom is here. I "REALLY" wish I had done so because I CANNOT STAND BEING WRONG. WHY? Because I have plans in the future to potentially run my own crypto currency trading company. I'm posting charts here on TV to create a HISTORY for potential clients to look at in the future in that regard. So, I think you can see by that aspiration alone that it would behove me to be correct as often as possible.
At the same time, I'm NOT going to allow FEAR OF BEING WRONG keep me from posting on here to share my IDEAS. WHY? Because I WILL make mistakes WHICH MEANS OTHERS CAN ALSO LEARN FROM MY MISTAKES. I want others to SEE what I'm thinking while using my indicators so they too might can learn from what I may fail to see or overlook.
tviewcrau
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@ProwdClown, trading is stressful as all hell, I don't plan to continue it indefinitely. After I'm ready to retire I may end up being one of your first clients :)
Thank you... I appreciate it. I've actually had MANY people ask me to control their account on an exchange to make trades for them. I'VE TURNED THEM DOWN EVERY TIME. One of them wanted me to control 250K in capital. Yet, I turned them down. WHY? Because I "KNEW" I'm not ready to take on that responsibility. Because I'm probably my worst critic. I also want to protect my reputation. Hence, the reason for turning them down because I did not want to be accused of scamming them if I should fail to meet their expectations in returns.
Bottom line, I'll KNOW when I'm ready. I'm still learning and I'm sharing my learning experience on TV for all to see my progress and for me to look back on and see my own progress.
Young_Satoshi
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This post is dedicated to all the trolls and plebs!
TV is a place were people share and discuss ideas and experiences! It's not a place which offers trading signals.
Show some level of respect! If you can do better, then kindly post!
@ProwdClown Thank you very much for all your efforts and analysis.