WyckoffMode

We Will See a PullBack Likely to a Higher Low

WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
I'll provide a video publication as a follow-up to this chart publication soon. I'm about to get back to work on my new office.


I still believe the time for accumulation was between the $4,975.60 and $6,149.32 price range as previously pointed out in the following publication:
Comment:
More than likely, the bottom is in and we are slowly seeing a reversal in progression. This reversal should be more obvious AFTER we see a pullback to a HIGHER LOW and we begin going back up again AFTER the pullback on or around March 30, 2020. Now, I must get back to work in my new office.

Happy Trading and Stay Awesome!

David
Comment:
Here's the Weekly Time Frame:
Comment:
Another look at the Weekly without indicators:

Comment:
3h, 6h and 12h time frames. We have a new 12h candle beginning in 1 hour 5 minutes. I'll provide a SHORT video publication on the indicators once we have a new 12h candle to see if the Red RSI in the Current 12h candle CLOSES at or above 56 percent.

Comment:
Here's the NEW VIDEO PUBLICATION, titled, "Anticipate a Brief Pull-Back Before Potential Sustained Reversal."
Comment:
NOTE the White Energy in the 3h TF (Far Left) is nearing exhaustion and LIKELY to turn back up soon. The White Energy in the 3h TF actually provides "support" for what I contend about the lack of a decent drop occurring in the 6h TF when the White Energy in the 6h TF hits the 50% level. WHY lack of a decent drop in the 6h TF when the White Energy hits the 50% level? Because the White Energy in the 3h is nearing exhaustion AND the Red RSI in the 12h TF has CLOSED above 56%; which means we anticipate CONTINUED upward pressure in the 12h TF until the White Energy in the 12h hits the 50% level.

Comment:
The 12 hour time frame is Right of Center. You can see the Red RSI has "CLOSED" above the 56 percent level. Which means we will continue with upward pressure UNTIL the White Energy hits the 50% level. HOWEVER, if the Red RSI manages to close at or above the 56% level in the 24 hour time frame BEFORE the White Energy hits the 50 percent level in the 12 hour time frame; THEN we will go by the White Energy in the 24 hour time frame to determine WHEN we have a CHANCE for a decent drop (pull-back).

Comment:
I'm trying my best to GET THIS ACROSS to followers in the hope everyone will understand and not be caught off guard like last time.

Happy Trading and Stay Awesome!

David

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