WyckoffMode
Long

YOU...SHALL NOT...PASS!!! (Not Close Below 20-MA in 3-Day TF).

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
One thing I failed to mention because I got sidetracked: I mentioned the White Energy in the 3-Week time frame will not PASS (go above) the 50 percent level UNTIL the 3-Week Candle that begins December 30, 2019. I also explained WHY the price action remained flat in the 2-Week and 3-Week time frames using the White Energy. Once you see that explanation in the video, you should have a better understanding as to WHY I'm not expecting an exponential price move up to $16k as some are saying in social media UNTIL THE NEW YEAR (After the 3-Week Candle beginning December 30, 2019).

If you don't mind, please take a moment to click "Like." It really helps me out in regard to my "reputation."

Thanks for investing your TIME watching this video.

Stay Awesome!

David Ward
Nov 04
Comment: Posting the following chart for those who have not seen it yet. This is my chart covering the history of Bitcoin Using Wyckoff Method: We are currently in Phase D and working on a slow transition into Phase E by end of January, 2020. We know we are officially in Phase E once we have an UpThrust above $13,880 on BitStamp.

Nov 04
Comment: John McAfee knocks it out the park once again! ; ) https://www.youtube.com/watch?v=yhJXIOEb...
Nov 08
Comment: I posted my update in the WRONG publication. I accidentally posted it in my XRP publication comments section. My bad...

Well, looks like we have our anticipated drop down to what I assumed would likely be these two Yellow 0.142 FIB levels. I had also mentioned in a prior publication how I'm anticipating the Green 50-MA in the Daily to act as support. Also mentioned the Green 50-MA in the Daily was likely falling in between the two Yellow FIB's.

Daily TF:

12h TF:

The following chart posted in comments section of a previous publication stating the Green 50-MA in the Daily likely to act as support:

Expecting the Green Daily 50-MA to act as support.

Nov 08
Comment: 3-Day TF:
Nov 09
Comment: First chance of upward pressure may likely be within the next 19 hours. We have 7 hours remaining in the current 12h candle and chance of upward pressure during the next 12h candle. So, we may still remain around the two Yellow FIB levels.

Nov 10
Comment: 12h TF:

Nov 10
Comment: It's because of what I'm seeing in the 2-Day TF that tells me we still have a CHANCE for a TIME correction rather than a "significant" PRICE correction.

Note the Phoenix ARI in the 2-Day still above 80% level. Even though it's currently going down, it still has a chance of bouncing off the 80% level back towards 100% level. The price action inside the Bollinger Bands is still riding on top of the Yellow "Basis" (Median). Which means there's still a chance for the "Basis" to hold the price action as "support."


Here's another look at the Bollinger Bands with Yellow Basis (20-MA) currently acting as support. I also believe the Purple 128-MA in the 2-Day is acting as support. The Purple 128-MA is currently at $8,406.98.

Nov 10
Comment: Here's a look at the Bollinger Bands in the 2-Day TF back in 2013. I'm paying closer attention to when the price action FINALLY made it up pretty close to the Green 50-MA and near the upper boundary of the Bollinger Band. Once the price action made it up that high (upper boundary of BB) the Yellow Basis (20-MA) began acting as support. We have a similar chance of this occurring present day. However, we also have a similar chance of a shakeout (big wick down and quickly back up during a 2-Day Candle) before resuming a bull run. Is there a guarantee of no "shakeout" below the Yellow Basis (20-MA)? No, there is not... But if it does fall below the Yellow Basis, I honestly do not see it staying below it very long.

Nov 10
Nov 10
Comment: Happy Birthday to my fellow Marines... Oooooooooo Raaaaaaaaah Semper Fi https://twitter.com/USMC/status/11935211...
Nov 12
Comment: Apologies for the delay. Had stuff going on with relatives (nephew getting married, my grandmother's youngest sister who used to baby sit me passed away, etc...). Here's a quick chart for you to ponder while I work on another video publication to post within the next 60 minutes.

Comments

Hello there and thank you. Since I have joined the tradingview, before that casually observing for half a year without acc. I was not trading much actively until yesterday. I was studying a lot rather and as already mentioned before, found your content most valuable in here. I rather look for loopholes through understanding. So I have created few accounts and managed through "make it mine" obtain plenty of indicators which were later deleted for violations etc. Now I cant change chart in those accounts to have them forever... Thank you so much for phoenix. I haven´t been doing anything with settings, I am about to master it, but with default values, in all available timeframes for non premium acc. could clearly see when the pump was coming, it is also good for shorter timeframe in combination with bitmex liquidations, R/S levels and cummulative order book. https://data.bitcoinity.org/markets/books/USD. It was easy to tell short lifespan of that pump as well. Now seeing the daily and weekly. We should be drifting towards 8990 at 12.11.to liq. than jump through 9090 at 13. with big pump. I know, this is too much specific :D I try it take as roadmap and closely see the levels as till know. Just, thanks for your content. I just wanted to share some knowledge with you. Also try to check wall of coin what is the price at P2P exchage. It has risen a LOT now it is 6% above trading price but it was 12% at weekend... I had a message from some Asian as well for buyin my btc for 10K, but I have considered it scam or smthng. Thank you very much David for everything.
+1 Reply
@DuchCick,

Cool... Happy to hear you're becoming familiar with the indicators I use. You ought to begin creating publications. Doesn't matter if they are chart publications or video publications. Just begin posting... You'll be happy you did in a year or two. You're certainly welcome to post a link to your publications in the comments section of my publications.

Stay Awesome!

David
Reply
I keep finding myself in agreement with you but I'm looking at it in maybe a more simple way. 1) hard to overestimate that three day move, for that pattern to complete you would want to see a price above that three day move at some point at least 11-12k before you might even start to think that pattern is compete. You could say bulltrap but a) everyone and their uncle was buying, b) after this many days that idea looks pretty old in the tooth. That three day move might also be looked at in the context of being at what 3500 in February. 2) On the one day, the fast stochastic is bottomed and slow catching up, RSI is not overbought, 3) There was a retracement, but it hasn't been that severe, now on the ninth we had a doji and look to be forming the same today with volume drying up on both days. That would indicate an indecision point, could the bottom drop out, I guess it could, or there could be a headache fake wick down to 8400 or 8500, but the dojis are at what could be the bottom of the retracement, and people sure wanted in a few days ago has that suddenly changed? I think you are absolutely right, Gandalf is guarding the bridge of Kazazck Doom and is po'd. The Balroc-Bears aren't gonna get past him. On the one day. sort of holding the bollinger band trendline, if we turn up I could see testing the upper bollinger and maybe a bit more. The last two oscillations, even with that huge move the 1d stochastic never got above 80. Don't know whether this is something that happens quick or takes a couple/few days to develop but if I had to guess, and sure its a guess, but I'd say we're ready ready ready to run.

Last thing, if we hold here or move up, in three days the 50 day MA should start back up, I don't know if 50 200 MAs are important or not but a lot of people seem to look at them. Right now on the 50 as it goes forward it is adding a ~9k number and losing a ~10k number. In 3 days it will hit that down turn from 50 days ago so it will be losing an ~8k number and adding a ~9k number. If we do move up from here we could see a 50 200 MA golden cross in a couple/few weeks. If so, almost spooky how that happened previously in similar time frame in relation to the halvening. And my WAG is 12K maybe 11K at eoy, don't know why just seems about right, but I could be low. Thanks for your work!
+1 Reply
WyckoffMode pdmaher123
@pdmaher123,

I can see an "investor" waiting for at least 11-12k to complete and a pull back before going long. However, I'm hoping some out there are investors with approximately 70% or more and take that OFF EXCHANGE while also trading time frames for swing trading and using stop loss along to keep losses small and trailing stops to keep gains large.

I'm anticipating a slow run up till probably just after Thanksgiving. They may want to keep it looking bullish till we eat with our relatives and our relatives go back home to buy some crypto. THEN those relatives get shaken out in December before we begin going up exponentially in January, 2020.

Thanks for dropping by to share your thoughts, pdmaher123.

Stay Awesome!

; )
Reply
BTC freshly rejected at 8900 twice, white energy from 1-9 hours are all above 80 level. Pursuant to your idea that the phoenix ARI dropping below 80 isn't looking good in your xrp publication, the btc phoenix ARI daily has dropped through to 0.5, the timeframe appearing appropriate and of significance to me. White energy on 1D and 2D are down, but those of 3-5D are still coming down.

You consider it possible if the 12H green line does another turn down and we going down through daily 200ema to low 8000?
+1 Reply
@Popovich,

Hi Popovich,

Here's the 12h:


It's because of what I'm seeing in the 2-Day TF that tells me we still have a CHANCE for a TIME correction rather than a "significant" PRICE correction.

Note the Phoenix ARI in the 2-Day still above 80% level. Even though it's currently going down, it still has a chance of bouncing off the 80% level back towards 100% level. The price action inside the Bollinger Bands is still riding on top of the Yellow "Basis" (Median). Which means there's still a chance for the "Basis" to hold the price action as "support."



Here's another look at the Bollinger Bands with Yellow Basis (20-MA) currently acting as support. I also believe the Purple 128-MA in the 2-Day is acting as support. The Purple 128-MA is currently at $8,406.98.

Reply
@Popovich,

Here's a look at the Bollinger Bands in the 2-Day TF back in 2013. I'm paying closer attention to when the price action FINALLY made it up pretty close to the Green 50-MA and near the upper boundary of the Bollinger Band. Once the price action made it up that high (upper boundary of BB) the Yellow Basis (20-MA) began acting as support. We have a similar chance of this occurring present day. However, we also have a similar chance of a shakeout (big wick down and quickly back up during a 2-Day Candle) before resuming a bull run. Is there a guarantee of no "shakeout" below the Yellow Basis (20-MA)? No, there is not... But if it does fall below the Yellow Basis, I honestly do not see it staying below it very long.

Reply
@Popovich,

It's probably getting time for me to do another video publication in a few hours.
Reply
Popovich WyckoffMode
@WyckoffMode, Oh you have been too kind. Do pardon my Lestrade interpretations sometimes. Gonna take some time to parse all that and rethink how I should proceed personally.

Please take your time, do it at a rhythm that you desire.
+1 Reply
@Popovich,

You may want to watch my Cardano Video to gain some insight on the higher time frames again.

Cardano - ADAUSD (Left); ADABTC (Middle) and BTCUSD (Right): "Upward Pressure Continues with ADAUSD till end of November, 2019."
Reply
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