WyckoffMode

Still Chance for Drop to 40-EMA in 4-Day TF by End of September.

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
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:




Sep 16
Comment: Bitcoin History Using Wyckoff Method for BLX (BTCUSD) Chart: It has MORE history...

Sep 18
Comment: Update using the 4-Day TF before I get back to my office remodel:

Sep 18
Comment: I'll provide a video publication later this evening. Also, I'll do that video publication for BTCUSD rather than BLX. The only reason I can figure that I don't get as many views for BLX is because many people do not realize BLX is actually BTC averaged out among several exchanges.

Update using the 4-Day TF before I get back to my office remodel:
Sep 19
Comment: 12h TF:

Comments

Thanks, getting to your profile is a reward x) other content of others seem so biased. I know you are not based on news bit it actually correlates to events. CME closing 6 months futures. It's like you have already read the news x) your entry points are reasonable
+1 Reply
@DuchCick,

Hi DC,

Thanks for dropping by to check out my publications and commenting! Your comments are very kind.

Stay Awesome!

PC
Reply
It's dropping now, at 9600, Do you see more downside or ready to fly?
+1 Reply
WyckoffMode yololife96
@yololife96,

Hi Yolo Life,

I'm still seeing downward pressure till on or around September 22nd. If this equates to more downward price action is not certain. However, I'm still seeing downward pressure till on or around September 22nd. If it goes down to the 40-EMA in the 4-Day TF, I would not be surprised because we've seen it come down to the 40-EMA in the 4-Day TF many times during consolidation events in history DURING A BULL TREND. The 40-EMA in the 4-Day TF is currently at $9,189. So, it's very possible for it to fall down to that price level between now and September 22nd. Can I say with 100% certainty that it will? No... That's the reason for stop loss or trailing stop when placing orders. To protect us during times in which the price action does not flow as anticipated.

Stay Awesome!

David
+1 Reply
Thanks! Appreciate your teachings and lessons.
Stay Awesome,
JK
+1 Reply
@OC_Being,

Thanks JK,

Just saw this comment. No big deal... You and I had been talking in the ETHUSD publication.

Happy Trading and Stay Awesome!

; )
+1 Reply
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