BTCUSD: Yes, We Can Fall Lower Between $20000 and $17500
Hi Everyone! We are at SERIOUS risk of continuing falling further down the NEXT 24-hour candle WHEN the Blue Line goes below White Level 30 along with the Red Line; which is ALREADY below White Level 30. It is POSSIBLE we are going sideways at present to establish a potential Short Term Preliminary Support Range similar in fashion to what we saw in 2019. NOTE the "Short Term PS (Preliminary Support Range" shown in the chart Wyckoff Method 2.0 chart below and you will see what I'm referring to.
Does this mean we should not begin accumulating using Dollar Cost Averaging technique for long term investment? No, we should be seriously considering dollar cost averaging into the market from this juncture. However, I would seriously consider holding more cash JUST IN CASE for another potential drop to the downside. Cause we are still at serious threat of falling further down.
Can we avoid going down to where I pointed out in this video? Sure, of course... BUT, the Red and Blue Lines in the Short Term Group of time frames MUST BEGIN RISING ABOVE YELLOW LEVEL 50 RIGHT NOW. Seriously... RIGHT NOW...
Hope this was helpful and I hope everyone has HAPPY TRADING
As always, you know the drill... Let's ALL Stay Awesome!
David Ward Jr
Does this mean we should not begin accumulating using Dollar Cost Averaging technique for long term investment? No, we should be seriously considering dollar cost averaging into the market from this juncture. However, I would seriously consider holding more cash JUST IN CASE for another potential drop to the downside. Cause we are still at serious threat of falling further down.
Can we avoid going down to where I pointed out in this video? Sure, of course... BUT, the Red and Blue Lines in the Short Term Group of time frames MUST BEGIN RISING ABOVE YELLOW LEVEL 50 RIGHT NOW. Seriously... RIGHT NOW...
Hope this was helpful and I hope everyone has HAPPY TRADING
As always, you know the drill... Let's ALL Stay Awesome!
David Ward Jr
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LIKE I SAID IN THE DESCRIPTION: Yes, we can avoid this BUT the Red and Blue Lines in the short term group of time frames MUST BEGIN GOING ABOVE YELLOW LEVEL 50 RIGHT NOW... NOW DAMN IT
LIKE I SAID IN THE DESCRIPTION: Yes, we can avoid this BUT the Red and Blue Lines in the short term group of time frames MUST BEGIN GOING ABOVE YELLOW LEVEL 50 RIGHT NOW... NOW DAMN IT
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REMEMBER: The Red Line is already below White Level 30 in the 24-hour time frame. The Blue Line is on the VERGE of falling below White Level 30 the NEXT 24-hour candle beginning in approximately 3 hours 40 minutes from this writing.
The ONLY way to avoid going down at present is for the red and blue lines in the entire short term group of time frames to begin going above white level 30. Why? Because we MUST have that Green Line turn up the NEXT 24-hour candle when the Blue Falls below white level 30. That is the ONLY WAY to avoid falling down further at present.
REMEMBER: The Red Line is already below White Level 30 in the 24-hour time frame. The Blue Line is on the VERGE of falling below White Level 30 the NEXT 24-hour candle beginning in approximately 3 hours 40 minutes from this writing.
The ONLY way to avoid going down at present is for the red and blue lines in the entire short term group of time frames to begin going above white level 30. Why? Because we MUST have that Green Line turn up the NEXT 24-hour candle when the Blue Falls below white level 30. That is the ONLY WAY to avoid falling down further at present.
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BTCUSD: Updated Wyckoff Method Macro Chart:
BTCUSD: Updated Wyckoff Method Macro Chart:
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Near Term Wyckoff Method 2.0 Perspective:
Near Term Wyckoff Method 2.0 Perspective:
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Simply providing price points so you know what the price is approximately at each diagonal trend line.
Simply providing price points so you know what the price is approximately at each diagonal trend line.
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Don't forget the 6-Week chart!!! 5-Days and 12-hours remaining till the NEXT 6-Week candle.
Don't forget the 6-Week chart!!! 5-Days and 12-hours remaining till the NEXT 6-Week candle.
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I'm going to share current market conditions for LEGACY MARKETS. Feel free to share your opinion in the comments what affect this may have on crypto; if any affect:
CLICK PLAY on the following publications:
S&P 500 Possible 23 to 30 Percent Drop Beginning Next 2 Month
DJI: Potential 23% or More Drop Beginning Next 2-Month Candle
AAPL: Potential $120 to $105 NEXT 6-Week Candle in 14 Days
CCI: Potential 40 Percent Drop Next 2 Month Candle in 27 Days
I'm going to share current market conditions for LEGACY MARKETS. Feel free to share your opinion in the comments what affect this may have on crypto; if any affect:
CLICK PLAY on the following publications:
S&P 500 Possible 23 to 30 Percent Drop Beginning Next 2 Month
DJI: Potential 23% or More Drop Beginning Next 2-Month Candle
AAPL: Potential $120 to $105 NEXT 6-Week Candle in 14 Days
CCI: Potential 40 Percent Drop Next 2 Month Candle in 27 Days
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UPDATE:
Consider Dollar Cost Averaging between the white and aqua diagonal Trend Lines. When this drop is complete, it will snap back up like a rocket. My opinion of course.
Consider Dollar Cost Averaging between the white and aqua diagonal Trend Lines. When this drop is complete, it will snap back up like a rocket. My opinion of course.
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UPDATE:
$16,666 to $15,666 price range a definite possibility in my opinion. Yes, we might see a "wick" below this range and "close" within the range on the Daily.
$16,666 to $15,666 price range a definite possibility in my opinion. Yes, we might see a "wick" below this range and "close" within the range on the Daily.
"STPSR" represents Short Term Preliminary Support Range in 2019. It is a YELLOW TEXT BUBBLE: