WyckoffMode

BTCUSD: $28500 Current Support During Over Extension Down Event

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi Everyone! It appears $28,200 to $28,500 is current support during this over-extension down event. We are over-extended down in the current 4-hour and 6-hour time frames. This may be simply another test of the Mid Support Range to act as a shakeout and create an opportunity to add more to long positions by the Composite Groups.

We will need a couple more 6-hour candles to play out to know more.

Happy Trading and Stay Awesome!
Comment:
Comment: UPDATE:

The Price Level of the White Lower B-Band the NEXT 4-Day candle will likely be around $32,000. We are required to consider the white lower b-band acting as resistance the next 4-day candle.
Comment: UPDATE:

6-Hour time frame:

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