Get started

Godmode

LTC - Analysis and Buy ZonesFirst off, thank you for taking the time to read this analysis. Now that I am using Bitfinex to chart, because it has the most history we can see the full picture on LTC. The ATH completed its Primary Wave 3 with the previous Wave 4 of lesser degree (where a corrective wave typically retraces to) falling in the range between $70-$32. Volume has steadily declined since the ATH in an exhaustion of selling pressure, suggesting that it is approaching a bottoming range. While the price may trend sideways for sometime, the guideline of alternation between waves 2 and 4 would imply that as Wave 2 was sideways (uncharacteristic of Wave 2's), this corrective wave, if it is Wave 4, would be sharp and of shorter duration. A Fibonacci Retracement tool set from the ATH to the ATL puts the current weeks price at the 0.786 (below), and while this would make sense for a bottom, I do not believe that BTC has found its bottom just yet, and we all know that where bitcoin goes, litecoin follows. Weekly RSI and MACD show no signs of reaching a bottom here (below). And while Godmode on the Weekly has fired Long (below) for the first time sine the beginning of the correction, we are looking for the blue line to turn up and touch the purple line for a reversal. Drawing a channel on the weekly I have placed the top of Wave 5 at a price of $950. Wave 5 could be extended, which would be most likely coinciding with a major BTC bull run and the advancement in crypto market awareness, dismissing 950 or it could be truncated. Only the arrogant and people with crystal balls have that answer- I do not. But setting a Fibonacci Retracement tool at that 950 mark puts the double bottom bounces at the 0.886 level, which I am okay with. Its YOUR money. YOU are an ADULT. Make YOUR OWN decisions. DYOR.
BITFINEX:LTCUSD
by BTCookieMonster
10
LOG SCALE IS KING, DOWNTREND STILL ACTIVE!It turns out the log scale is holding precedence over normal btc charts at this current time. For what seemed to be a very optimistic time for everyone who thought we were out of the downtrend on the regular scale, has quickly realized things are not so simple. Btc has more falling to do, the V shape recovery that we have been doing has been something out of a movie or a dream. In the long run this type of recovery isnt healthy for the growth of bitcoin. If we want to go on another bull run that completely engulfs the last, we are going to have to fall more and gradually build like the previous parabolic curve but on a longer and bigger scale. The trend is still bear, as confirmed by the recent kiss and plummet from our top downward trendline. I believe this is wave 5, and after the completion of this wave we can be sure we have hit bottom and set ourselves back to being bullish. until then, short every bounce upward to profit and increase your capitol for when the real bottom hits. Im expecting a bottom anywhere from 3k-5k. however a double bottom would be more than ideal aswell.
BITSTAMP:BTCUSDShort
by Woolf_
2
Bitstamp chart with ttm squeeze 1h + GODMODE 3.1.4 BITSTAMP:BTCUSD Using Squeeze, volume trend analysis and MACD trend analysis to predict the sharp wedge breakout that occurred. squeeze can indicate that a large movement is going to occur, the longer the red dots are lit, the more likely a large breakout is incoming. Using MACD and Volume TA, I was betting on the likelihood of a price breaking DOWN out of the consolidation wedge in the charted example. TTM also lit up when the reversal was near, see arrows. The optimal Short-sale price was lit up by GODMODE 3.1.4 PRIOR to the TTM providing conformation. Using these indicators along with basic TA, you can have a higher confidence in your positions.
BITSTAMP:BTCUSD
by SNOW_CITY
1
Godmode and LSMA updatedHello, here is a quick setup for the GodMode + LSMA setup 1) Add godmode to your chart 2) close to on click the "+" icon (close to its name), to add the LSMA 3) Click on "godmode" {} (show source code) and copy/paste this at the BEGINNING : // Best to use the 1h TF as a compass in the beginning and use the 1m and 10m for more precise // entry and exituse the 3h, 4h, 12h and Daily to KNOW where you're going //Weekly doesn't hutrt either // I use the 1m, 3m, 5m, 10m 15m, 20m, and 30m and 60m quite a bit.especially if I'm scalping. 4) at the END of the script add : // updates by CallMeEasy plot(cross(wt1, wt2) ? wt2 : na, color = black , style = circles, linewidth = 3) plot(cross(wt1, wt2) ? wt2 : na, color = (wt2 - wt1 > 0 ? red : lime) , style = circles, linewidth = 2) => these present the circled dots to make the trend changed more easy to spot 5) Then SaveAs and name it "Godmode upated" => to find it back and add it : go to any chart then : Click on the lower part of the screen 'Pine Editor", Open, "Godmode upated", add to chart or : click on "indicators" at the top; a window pops up on the screen; click "my scripts" and click "Godmode Updated" PS don't forget the parameters : LSMA : 32 GodMod : 9,6,3 @ProwdClown :thanks so much
by Stevus_
1