BTCUSD: 1.0 FIB @ $78,734.68; Followed by 1.618 @ $106,161.02
Hi Everyone! We have a look at the indicators on this chart in the 9-Day, 6-Day, 4-Day, 3-Day, 2-Day and 24-hour time frames. We see increased odds for even more expansion of the B-Bands and price action going UP with this expansion in the 9-Day time frame and higher. Therefore, we know upward pressure continues. Which means the price action can go sideways within a trading range at worst or upward at best; if you are in a long position. If we go upward at best, then we are looking at the 1.0 FIB at $78,734.68 being an area for "PAUSE" before resuming expansion up to the 1.618 at $106,161.02 or even as high as the 2.618 at $150,540.21.
This publication is labeled a LONG position for what we see in our higher time frames. Nothing in this publication was pointing out what may occur for the Short and Immediate group of time frames.
We will continue to monitor this period of upward pressure to try to make a determination of when exhaustion may be on the verge of creeping in. Hope this publication was helpful.
Happy Trading and Stay Awesome!
David
This publication is labeled a LONG position for what we see in our higher time frames. Nothing in this publication was pointing out what may occur for the Short and Immediate group of time frames.
We will continue to monitor this period of upward pressure to try to make a determination of when exhaustion may be on the verge of creeping in. Hope this publication was helpful.
Happy Trading and Stay Awesome!
David
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UPDATE:
Just as we are transitioning out of Phase D into Phase E in our period of RE-Accumulation; we are also transitioning out of Phase D into Phase E in our LONG TERM Accumulation Schematic.
Near Term RE-Accumulation Schematic:
LONG TERM Accumulation Schematic:
Just as we are transitioning out of Phase D into Phase E in our period of RE-Accumulation; we are also transitioning out of Phase D into Phase E in our LONG TERM Accumulation Schematic.
Near Term RE-Accumulation Schematic:
LONG TERM Accumulation Schematic:
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UPDATE:
5-Day time frame...
5-Day time frame...
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When looking at the new Daily, 2-Day, 3-Day and 4-Day; we see upward pressure continues. Not only that, we see potential for Stage 3 expansion soon in the 24-hour, 2-Day and 4-Day. When looking at the 3-Day, we can see potential for upward pressure to continue without a decent correction for the next 5-Days.
We get Stage 3 Expansion when the Red RSI and Blue LSMA "close" above Level 80 and the Green EMA is going "UP" while also being ABOVE Level 80.
When looking at the new Daily, 2-Day, 3-Day and 4-Day; we see upward pressure continues. Not only that, we see potential for Stage 3 expansion soon in the 24-hour, 2-Day and 4-Day. When looking at the 3-Day, we can see potential for upward pressure to continue without a decent correction for the next 5-Days.
We get Stage 3 Expansion when the Red RSI and Blue LSMA "close" above Level 80 and the Green EMA is going "UP" while also being ABOVE Level 80.
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UPDATE:
Let's see if the Red RSI and Blue LSMA can "both" get ABOVE Level 80 in the 4hr, 6hr and 8hr time frames to create cause for Stage 3 Expansion of the B-Bands to help open up for Stage 3 expansion in the 24h, 2-Day and eventually the 4-Day.
Let's see if the Red RSI and Blue LSMA can "both" get ABOVE Level 80 in the 4hr, 6hr and 8hr time frames to create cause for Stage 3 Expansion of the B-Bands to help open up for Stage 3 expansion in the 24h, 2-Day and eventually the 4-Day.
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UPDATE:
Simply posting the History of Bitcoin Using Wyckoff Method chart for new followers who may not have seen it yet.
Simply posting the History of Bitcoin Using Wyckoff Method chart for new followers who may not have seen it yet.
