WyckoffMode

PREPARE to Get Out & Stay Out on This Current Move Up.

Short
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
Yes, we are currently experiencing upward pressure in the very low time frames; such as the 90m time frame. However, the Yellow ENERGY indicator is already above 80% level and nearing exhaustion. If we are going to have a run up one more time to TRY to get to that $4,094 price point, it will have to go for it now in my opinion. But once you see the 2h showing signs of exhaustion, I recommend getting out and staying out regardless of what you see occurring afterwards.

Followers who use the same indicators I use can go to the 30m, 45m, 60m, 90m and 120m time frames to determine exactly when to get out on this CURRENT upward pressure.

Comment:
FOLLOW UP NEW VIDEO Publication posted JUST NOW; titled, "Detailed Look at Lower Time Frames to Point Out Possibilites" -
Comment:
NOTE THE TITLE OF THIS PUBLICATION. The FIRST WORD in the title is "PREPARE."

I simply wanted to get followers in the mindset of being PREPARED to get out soon and keep a close eye on the lower time frames; such as the 2h, 4h and 6h TF's. If you watched the follow up video that focused on lower time frames, you will see I pointed out the ENERGY in the 4h and 6h time frames is showing exhaustion soon with a POTENTIAL to turn back up. So, they can stay in FOR NOW (with a stop loss) to see if the ENERGY pushes up very high in the 4h and 6h time frames and takes us to $4,100 or higher.
Comment:
Yes, "Short" positions have increased and "Long" positions have decreased. Does this necessarily mean we must go up with authority to $4,200 or higher? No, not necessarily. When we first began this Simple Rally, the "Long" positions were much higher than the "Short" positions. Yet, we ended up going much higher despite the fact the Long positions were much higher than short positions. I've learned not to necessarily go by which positions are higher than the other when trading. I tend to trust my indicators more than the amount of Long and Short positions.

Comment:
The price action in the 2 hour time frame has come up AS ANTICIPATED. Remember how we saw the energy coming up? The question was HOW MUCH WILL IT COME UP. So, we must also pay attention to the ENERGY in the 4h and 6h time frames to see if they continue going up rather high and the price action acts in kind.

That is what I mean by being PREPARED to get out and stay out soon. I pointed out NOT to get out immediately and LISTEN TO ALL the publication before getting out because the lower time frames could indicate we still have more upward pressure. And we do; as pointed out previously. So, KEEP AN EYE on the 2h, 4h and 6h time frames:

Comment:
The price action in the 2 hour time frame has come up AS ANTICIPATED. Remember how we saw the energy coming up? The question was HOW MUCH WILL IT COME UP. So, we must also pay attention to the ENERGY in the 4h and 6h time frames to see if they continue going up rather high and the price action acts in kind.

That is what I mean by being PREPARED to get out and stay out soon. I pointed out NOT to get out immediately and LISTEN TO ALL the publication before getting out because the lower time frames could indicate we still have more upward pressure. And we do; as pointed out previously. So, KEEP AN EYE on the 2h, 4h and 6h time frames:

Comment:
The 2-Day, 4-Day and Weekly time frames have created (began) NEW candles and therefore have updated their respective indicators in each time frame. The 2-Day time frame appears to indicate more upward pressure may continue until the candle beginning on March 20th. I'll provide another update in a few more hours.

2-Day, 4-Day and Weekly TF's:
Comment:
The Yellow ENERGY in the 6h TF (Far Left) has just crossed the 50% level and rising. I'll provide more details on the 6h in a few hours in a new video. The Green Line in the 12h is currently going down. However, the Green Line and the Yellow ENERGY in the 12h "can" turn back up again; based on what we see with the Yellow ENERGY in the 6h TF. I'll elaborate more in a video in a few hours.


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