Hi Everyone! It looks like we have an Exponential Rally in Phase B of Accumulation. It also looks like $21,000 is our current local support for the Near Term. This is around the White Upper B-Band in the 3-Day time frame. The Red Line in Phoenix Ascending is not ready to fall down from white/aqua level 80 or white level 70. In fact, the Red Line is still above level 100 in the 3-Day. So, I anticipate the price action having fairly strong support < for now > at $21,000.
Could we potentially continue higher? Yes, this too is possible. Where could we potentially go up to if the price action were to continue higher? We are looking at the Yellow B-Band Basis in the 19-Day, 20-Day and 3-Week time frames acting as our "Ceiling of resistance. This is a price range of $25,200 to $26,400. Have a look at the 19-Day, 20-Day and 3-Week time frames in the chart below:
19-Day is bottom left of center. 20-Day is bottom right of center. 3-Week is bottom right corner. The reason I'm saying the Yellow B-Band Basis in those time frames is currently acting as resistance is due to the Red line in those time frames not quite ready to rise up from yellow level 50. Therefore, the yellow b-band basis is acting as resistance for now in those time frames.
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UPDATE:
BTC: Part 2 Discussion of Current Price Action
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UPDATE:
I accidentally posted a "private" idea and did not mean it to be private. Here is the "idea."
BTC: We Still Have Substantial Amount of TIME of Upward Pressure
Your comment only shows you don't know a damn thing about analytics. I know for a FACT there is such a thing as DIAGONAL support and resistance. Just as there is such a thing as HORIZONTAL support and resistance. Good luck with your so-called "life" of negativity and your need to TRY to publicly humiliate someone. LOL
ReallyMe
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@WyckoffMode, I don't know anything about analytics, I'll readily admit that, just like anyone else who would try to draw wavy lines through from top left to bottom right. I'm just speaking my mind. No reason, by the way, to assume I'm negative because of that or want to try to publicly humiliate anyone. LOL I just really think that there is a certain expectation that Bitcoin will always go up, which may pay very dearly, that's all. We will just see who is right. Time will tell.
You "assume" my diagonal lines promote saying we are going to some moon price somewhere. You're simply doing damage control now. Did you even watch the damn video? Did I say anything in the video or the description about any kind of moon price? No... You simply wanted to post something "negative" in an effort to TRY to discredit me. Get a damn life, Troll.
ReallyMe
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@WyckoffMode, Calm down. Why should I try to "discredit" you, I just wanted to express my view. Don't take everything so personally.
Also, you said, "...we'll see who's right. Time will tell." Right about what? What the hell do you "assume" I've said? You see my damn DIAGONAL "support/resistance" lines and make an arss out of yourself assuming my support/resistance lines are saying we are mooning somewhere? What they hell are you talking about... "...we'll see who's right?" LOL
ReallyMe
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@WyckoffMode, Right about whether or not it's worth getting so worked up over. Again my point: the diagonal upward lines as support-resistance is a self-delusion. Reality is more complex than that. That's all. I'm not going to post in this chat anymore because there's obviously no point. LOL
You're not worth my valuable time, Troll. Good riddance.
ReallyMe
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@WyckoffMode, Same here, rude human. But I'm not going to let that stand. I guess you insult anyone as a Troll who simply makes critical comments about the chart.