I should have posted this chart publication along with my video publication earlier. Better late than never... As market conditions change; we have to roll with the change. As stated in the title, we will likely see $7,820 FIB before end of May, 2019 and consolidate briefly the last week of May or first week of June back down to the previous FIB at $6,149. If we do not consolidate all the way back down to the $6,149 FIB but instead go sideways for a while the last week of May or first week in June, then it makes it all the more likely we go higher than $10,000 in July and easier to see $12,782.99.
Update using the Daily (24h) to show possible future trek of BTCUSD price action in relation to the possible future trek of the lines within the indicators on the Daily.
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Another look without thee indicators:
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My bad... I did not have the Black Text Bubble nor the purple lines placed on the 78.6 FIB like I said in the Black Text Bubble.
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Please pardon all the repeated updates.
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My FOLLOWERS who have stuck with me through thick and thin will be the only ones to see this post for you to LEARN FROM MY MISTAKE.
ANYTIME I "learn" something, I'm sharing it with you until I get my website up and running. You will like this update. Which means you are more likely to look at this 2-Week Time Frame more often; along with the Weekly in an effort to get an idea of WHEN a particular move up is about to come to a close.
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Margin Shorts have been "spooked." NOW, the margin longs are starting to catch up. We are likely to see a bit more volatility when they do catch up (are about the same in number of contracts).
this area circle was when BTC spiked and looked long and many fell for the fake
WyckoffMode
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@mike4theike, The only thing I recall me saying about that particular move is something like that or more dramatic would have to occur to "spook" the margin shorts.
mike4theike
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Was it you that did a chart detailing when we dropped from 6k the market makers faked the price ascending first before dropping hard...clearing the longs and the shorts in one swift movement...i think the post mentioned that they will probably do the same before we rise into higher price level...
Thanks for the update. Yes, BTC seems ultra bullish, and therefore we might need to adapt the upper targets accordingly. If BTC manages to take out the strong 6500 mirror resistance/VPVR resistance, then it could overshoot in an unexpectedly brutal and crazy way. 10k indeed seems possible by June.
WyckoffMode
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@FlaviusTodorius67,
$9,949 by June would be crazy bullish. It's possible I suppose by late June. If we see $9,949 by mid June, we likely see $12,779 by July.
SebastianofMoon
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@ProwdClown, Now that would be unexpectedly crazy, and therefore quite realistic. Especially now that like 90% of people are expecting a 2015 fractal repeat, with a retrace down to 3k levels again. If too many people expect something, quite the opposite usually happens.
And I remember back in 2015, no one expected for BTC to restest the low again. And of course BTC did exactly that. Then when the low came, everyone was ultra bearish. The majority of people then called for 50 USD. 90% of charts on tradingview were bearish.
What happened then of course? Yes, a rally to 500 USD. ROFL !
WyckoffMode
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@FlaviusTodorius67,
The following statement is VERY true: "Now that would be unexpectedly crazy, and therefore quite realistic. Especially now that like 90% of people are expecting a 2015 fractal repeat, with a retrace down to 3k levels again. If too many people expect something, quite the opposite usually happens. "
Yes sir, your recollection of 2015 is spot on. It's my opinion the very opposite of that is likely to occur this go around. This Tether news and Binance hack has many on edge and hesitant to pull the trigger to begin accumulating bitcoin. They should at least buy several alt coins now if they don't want to buy bitcoin yet. Such as, Litecoin, Ethereum and Cardano.
SebastianofMoon
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@ProwdClown, Agreed. Many altcoins have still not pumped yet, and are dropping with regard to BTC. LTCBTC, ETHBTC, XRPBTC, everything dropping with regard to BTC. Best time to buy altcoins imho ;)