I was asked a question on my previous BTCUSD - Bitstamp publication: "Do you think this upward pressure is strong enough to prevent a wick from going down to the Gap until the 15th? Man I wish that gap wasn't there because it has me paranoid to jump in." As pointed out with the indicators in the video; I don't think we will come down to fill the gap in the Daily (24h) before August 15th. That would be very uncharacteristic for the indicators in the Weekly to do that before August 15, 2020. The "odds" of us doing something that "uncharacteristic" before August 15th would be unlikely. Let's say about an 20% chance of it doing that.
@WyckoffMode - Truly a fascinating moment for BTC right now. And a tough spot for traders, as we ping back and forth around this resistance. Perhaps one could look more closely to see if we have a breakout above the resistance, could we have a pullback to the resistance before going higher, thereby reducing the risk for a long in this area? FOMO is strong right now, but I am comfortable sitting on the sidelines waiting for the breakout or the momentary pullback (if it comes at all). Thanks for the updates today. Noting that Big Ten has pulled out - do you think it is just a matter of time before the SEC follows suit? [Disclaimer: You and I will know the SEC as the Southeast Conference, but others might think I am writing about the Securities & Exchange Commission - don’t want to get those mixed up ;-)] Stay Awesome, Sir!!
Yes, ALWAYS good to stay calm, cool and collected despite pressure...
Stay Awesome, Axxelll.
David
ssari
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Hi David, I was wondering where your posts where coming at the previous rate...set high expectations. Hope all is well.
My opinion we fill the gap after we hit the first major target.
SamSzulc
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Looks like we're headed lower to 10,660 level.
bestfarbit74
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good review
Gaengphed
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Thanks for this update David. I think you're right. We'll see what happens end August, begin Sept ;-)