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:
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Bitcoin History Using Wyckoff Method for BLX (BTCUSD) Chart: It has MORE history...
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Update using the 4-Day TF before I get back to my office remodel:
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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:
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
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
OC_Being
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Thanks! Appreciate your teachings and lessons.
Stay Awesome,
JK
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@JKNeubs,
Thanks JK,
Just saw this comment. No big deal... You and I had been talking in the ETHUSD publication.