BTCUSD: Upward Pressure Remains; Macro, Long, Mid & Near Term.
Hi Everyone! Decided to take about an hour break to provide TA for Bitcoin. We still look very bullish. For those who are bullish or looking for a short; you may want to pay close attention to the B-Bands in the 24-hour time frame and the Phoenix Ascending Indicator in the 24-hour time frame to make sure you are on the RIGHT SIDE OF EXPANSION when that "expansion" begins. Whether it will be expansion UP or expansion DOWN. Be mindful of traps as we begin expansion. It's always nice to find "contracted" B-Bands like this and use the Phoenix Ascending indicator in this time frame and lower time frames to make sure we have better odds of opening a trade on the correct side of this expansion.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
Comment:
Comment:
UPDATE:
Super Macro Group:
Macro Group:
Long Term Group:
Mid Term Group:
Near Term Group:
Short Term Group:
Super Macro Group:
Macro Group:
Long Term Group:
Mid Term Group:
Near Term Group:
Short Term Group:
Comment:
UPDATE:
If you are new or even if you have followed a while and have yet to add the indicators I'm using to your chart, please feel free to use them. They were made public.
Here is a video to show how to setup the indicators on your chart:
Setting Up Indicators in Multi-Chart Window for Multiple Groups
If you are new or even if you have followed a while and have yet to add the indicators I'm using to your chart, please feel free to use them. They were made public.
Here is a video to show how to setup the indicators on your chart:
Setting Up Indicators in Multi-Chart Window for Multiple Groups
Comment:
UPDATE:
BASIC tutorial for Traditional Wyckoff Method; NOT Wyckoff Method 2.0: school.stockcha...ts.com/doku.php?id=market_...
More tutorials on Traditional Wyckoff Method: stockcharts.com/search/?q=Richard+...
BASIC tutorial for Traditional Wyckoff Method; NOT Wyckoff Method 2.0: school.stockcha...ts.com/doku.php?id=market_...
More tutorials on Traditional Wyckoff Method: stockcharts.com/search/?q=Richard+...
Comment:
UPDATE:
Added a new Red Text Bubble. Here is the text for those who need to use a translate app:
Let's NOT assume we will have a distribution period as drawn here; which shows
a similar percentage drop to previous Distribution periods. It's "possible" we may
even continue with phase E longer; postponing Long Term Distribution. Why?
Because of normal people and businesses feeling the effects of INFLATION in many
FIAT CURRENCIES of countries around the world. Gas inflating, food inflating, etc.
Many people and businesses will be looking for an EXIT from the inflated FIAT
currencies and find safe haven (protection from inflation) in real assets or currencies;
such as land; physical gold, silver, copper; and yes... CRYPTO "currencies."
Don't let the Private Western Central Banks fool you into accepting their new "digital"
FIAT system; in which they would have complete utter control
of every aspect of the life of individuals and businesses.
Why should all of us allow a PRIVATE Western Central Bank to CREATE MONEY OUT
OF THIN AIR... CHARGE INTEREST to governments on the money THEY CREATE OUT
OF THIN AIR... Who in turn TAX "The People" to pay for that interest charged on money
that was CREATED OUT OF THIN AIR?
More and more people and businesses are waking up to many agendas pushed by
mediators of the Private Western Central Banks. Such as the so-called "Great Reset" by
the World Economic Forum. Or "Build Back Better" by the United Nations, etc... The
People are saying "NO" to these agendas while this current monetary system is
approaching its end.
2022 has the makings of potentially creating a "shift from the norm" in DE-Centralized
crypto currencies; in regard to the approximate beginning of a "distribution" period
in the usual date range within a four year cycle. All I'm saying is 2022 "could" be the
year of the beginning of a "new cycle period change" for Bitcoin. Only time will tell as
"happenings" around the world play out politically, geopolitically, financially, economically
and socially. It's going to be a hell of a ride. Let's see if we can "navigate" this ride with
as few bruises as possible.
Stay Awesome!
Added a new Red Text Bubble. Here is the text for those who need to use a translate app:
Let's NOT assume we will have a distribution period as drawn here; which shows
a similar percentage drop to previous Distribution periods. It's "possible" we may
even continue with phase E longer; postponing Long Term Distribution. Why?
Because of normal people and businesses feeling the effects of INFLATION in many
FIAT CURRENCIES of countries around the world. Gas inflating, food inflating, etc.
Many people and businesses will be looking for an EXIT from the inflated FIAT
currencies and find safe haven (protection from inflation) in real assets or currencies;
such as land; physical gold, silver, copper; and yes... CRYPTO "currencies."
Don't let the Private Western Central Banks fool you into accepting their new "digital"
FIAT system; in which they would have complete utter control
of every aspect of the life of individuals and businesses.
Why should all of us allow a PRIVATE Western Central Bank to CREATE MONEY OUT
OF THIN AIR... CHARGE INTEREST to governments on the money THEY CREATE OUT
OF THIN AIR... Who in turn TAX "The People" to pay for that interest charged on money
that was CREATED OUT OF THIN AIR?
More and more people and businesses are waking up to many agendas pushed by
mediators of the Private Western Central Banks. Such as the so-called "Great Reset" by
the World Economic Forum. Or "Build Back Better" by the United Nations, etc... The
People are saying "NO" to these agendas while this current monetary system is
approaching its end.
2022 has the makings of potentially creating a "shift from the norm" in DE-Centralized
crypto currencies; in regard to the approximate beginning of a "distribution" period
in the usual date range within a four year cycle. All I'm saying is 2022 "could" be the
year of the beginning of a "new cycle period change" for Bitcoin. Only time will tell as
"happenings" around the world play out politically, geopolitically, financially, economically
and socially. It's going to be a hell of a ride. Let's see if we can "navigate" this ride with
as few bruises as possible.
Stay Awesome!
Comment:
UPDATE:
Added a few red text bubles to the left of the price action regarding POTENTIAL "future" support resistance levels in multiple trading ranges during a potential FUTURE period of LONG TERM DISTRIBUTION. The worst mistake one can make while applying Wyckoff Method to crypto; is to assume your accumulation and/or distribution schematic will only be a single trading range. This can be the case for periods of RE-Distribution and RE-Accumulation (identified and plotted in LOWER time frames). However, this is often NOT the case in LONG TERM Accumulation and Distribution; which is plotted while using HIGHER time frames.
The Red Text bubbles are to remind me of a POTENTIAL "FUTURE" price range for certain "events" within a particular "phase" of LONG TERM "Distribution" that we anticipate (potentially) in the future.
Added a few red text bubles to the left of the price action regarding POTENTIAL "future" support resistance levels in multiple trading ranges during a potential FUTURE period of LONG TERM DISTRIBUTION. The worst mistake one can make while applying Wyckoff Method to crypto; is to assume your accumulation and/or distribution schematic will only be a single trading range. This can be the case for periods of RE-Distribution and RE-Accumulation (identified and plotted in LOWER time frames). However, this is often NOT the case in LONG TERM Accumulation and Distribution; which is plotted while using HIGHER time frames.
The Red Text bubbles are to remind me of a POTENTIAL "FUTURE" price range for certain "events" within a particular "phase" of LONG TERM "Distribution" that we anticipate (potentially) in the future.
Comment:
UPDATE:
I'm currently very busy creating "educational material" for these charts I'm posting. Here's an example of one of those charts when covering Distribution and Accumulation:
I'm currently very busy creating "educational material" for these charts I'm posting. Here's an example of one of those charts when covering Distribution and Accumulation:
Comment:
UPDATE:
If you begin watching at the 10-minute mark, you will hear me get into how low of a level the Blue LSMA was in the 30-minute time frame; that it was possible for a shakeout first before going higher.
Here's what happened:
I believe we are mainly waiting on the Blue LSMA in the 24-hour time frame (Top; Left of Center) to go "UP" above Level 50 to create "cause" for EXPANSION of the B-Bands and the price action bars to go UP "with" expansion of the B-Bands for the early Near Term time frames within the Near Term GROUP of time frames.
If you begin watching at the 10-minute mark, you will hear me get into how low of a level the Blue LSMA was in the 30-minute time frame; that it was possible for a shakeout first before going higher.
Here's what happened:
I believe we are mainly waiting on the Blue LSMA in the 24-hour time frame (Top; Left of Center) to go "UP" above Level 50 to create "cause" for EXPANSION of the B-Bands and the price action bars to go UP "with" expansion of the B-Bands for the early Near Term time frames within the Near Term GROUP of time frames.
Comment:
UPDATE:
@fipolalalala,
This is APPLE... Only using this as an example... All I'm saying is...
Let's "not" assume the "Buying Climax" will end at a similar month as previous cycles.
Which means we should "not" assume we are seeing signs of the end of Phase E; Long Term Accumulation in December, 2021 to March, 2022.
Which means, we could potentially witness a period of RE-Distribution followed by RE-Accumulation Resumption of Long Term Phase E.
Phase E: The asset leaves the Trading Range of Phase D with a Sign of Strength, demand is in full control and the markup is OBVIOUS to everyone.
Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level Trading Ranges (comprising
of both profit-taking and acquisition of additional assets) can occur to act as another stepping stone with a Sign of Strength to another higher Trading Range.
We use the indicators to get an idea of the odds of which probability is higher; "Another Stepping Stone Beginning of Potential Long Term Distribution."
APPLE: 27-Day Time Frame (Each candle a period of 27-Days; nearly a month).
@fipolalalala,
This is APPLE... Only using this as an example... All I'm saying is...
Let's "not" assume the "Buying Climax" will end at a similar month as previous cycles.
Which means we should "not" assume we are seeing signs of the end of Phase E; Long Term Accumulation in December, 2021 to March, 2022.
Which means, we could potentially witness a period of RE-Distribution followed by RE-Accumulation Resumption of Long Term Phase E.
Phase E: The asset leaves the Trading Range of Phase D with a Sign of Strength, demand is in full control and the markup is OBVIOUS to everyone.
Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level Trading Ranges (comprising
of both profit-taking and acquisition of additional assets) can occur to act as another stepping stone with a Sign of Strength to another higher Trading Range.
We use the indicators to get an idea of the odds of which probability is higher; "Another Stepping Stone Beginning of Potential Long Term Distribution."
APPLE: 27-Day Time Frame (Each candle a period of 27-Days; nearly a month).
Comment:
UPDATE:
This should have read:
We use the indicators to get an idea of the odds of which probability is higher; "Another Stepping Stone Beginning "OR" will this be the beginning of Potential Long Term Distribution."
This should have read:
We use the indicators to get an idea of the odds of which probability is higher; "Another Stepping Stone Beginning "OR" will this be the beginning of Potential Long Term Distribution."
Comment:
UPDATE:
This is the 12-hour chart for those who may be interested of what our BRIEF period of RE-Distribution; followed by a period of RE-Accumulation; before potential resumption of Phase E in RE-Accumulation and also to mark the transition from Phase D into Phase E within our Long Term Accumulation Accumulation Schematic in which we use higher time frames than this 12-hour time frame.
This is the 12-hour chart for those who may be interested of what our BRIEF period of RE-Distribution; followed by a period of RE-Accumulation; before potential resumption of Phase E in RE-Accumulation and also to mark the transition from Phase D into Phase E within our Long Term Accumulation Accumulation Schematic in which we use higher time frames than this 12-hour time frame.
Comment:
UPDATE:
Moved the Red Text Bubble to the bottom and added a new Yellow Text Bubble at the top right. Also added yellow lines depicting the potential scenario mentioned in the yellow text bubble.
Moved the Red Text Bubble to the bottom and added a new Yellow Text Bubble at the top right. Also added yellow lines depicting the potential scenario mentioned in the yellow text bubble.
