6-Day Time Frame:
3-Day Time Frame:
Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply.
This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as
reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the
top of the TR. The BU/LPS in this phase is an excellent place to initiate or add to profitable long position.
Phase E: In Phase E, the asset leaves the TR, demand is in full control and the markup is OBVIOUS to everyone.
Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising
of both profit-taking and acquisition of additional coins (“re-accumulation”) by large operators can occur at any
point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
This information is from school.stockcharts.com website.
We are looking for the Bollinger Bands to EXPAND and the price continue higher once the Blue LSMA (Least Squared Moving Average) crosses ABOVE level 50.
Bollinger Bands already beginning to expand in this 4-Day Time Frame below with the Blue LSMA right at level 50 now.
As mentioned before, the odds were increased dramatically we would run up to the Aqua/Orange UPPER B-Bands in this 6-Day Time frame once the Red RSI had "closed" ABOVE level 56. The odds were high when the Red RSI "closed" above level 50 but once "closing" above level 56, that increased the odds even more.
Also note the Blue LSMA in the 6-Day is slowly approaching level 50. If the B-Bands have not expanded (opened up) before the Blue LSMA reaches level 50, the will likely expand (open up) afterward. At that time, we can expect the price action to continue going up WITH the expansion of the B-Bands and maintain a price range (for the most part) inside the Aqua/Orange Upper B-Bands as those B-Bands expand. So, it's looking very good at the moment we will see a Sign of Strength to confirm a transition out of Phase D and into Phase E of our Wyckoff Accumulation Schematic.
INFORMATION ON UPCOMING WEBSITE: https://bitcointalk.org/index.php?topic=5140701.msg55678207#msg55678207
Not Bad... Not Bad...
Enjoy your weekend as well...
Yup! ; )