YOU...SHALL NOT...PASS!!! (Not Close Below 20-MA in 3-Day TF).
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
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
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.
Comment:
John McAfee knocks it out the park once again! ; ) www.youtube.com/watch?v=yhJXIOEb...
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.
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.
Comment:
3-Day TF:
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.
Comment:
12h TF:
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.
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.
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.
Comment:
LOLOLOLOLOL. www.youtube.com/watch?v=3xYXUeSm...
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Happy Birthday to my fellow Marines... Oooooooooo Raaaaaaaaah Semper Fi twitter.com/USMC/sta.../1193521187902459904
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.
