WyckoffMode

BTCUSD: Potential Expansion Down to $42,733

WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! The Blue LSMA in the 4-hour time frame is almost below Level 50. Currently at 51.75 and falling. We could see more expansion down the next 4-hour time frame if the Red RSI and Blue LSMA are below Level 50 in hte 30-min. 60-min. 90-min. 2-hour and 3-hour time frames when the Blue LSMA makes it to Level 50 in the 4-hour time frame. The 24-hour time frame has a chance of beginning some expansion down the NEXT 24-Hour candle. So, this downward pressure MUST BE RESPECTED...
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UPDATE:

Possible to extend lower than the Aqua Lower B-Band and continue down to the Orange Lower B-Band in the Weekly or 7-Day time frame:
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UPDATE:

My $42,733 target was derived from the Aqua LOWER B-Band in the 3-Day time frame. It has since fallen a little lower to $42,65x.

3-Day time frame:
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UPDATE:

Here's a look at the 12-hour time frame. We have a new 12-hour candle beginning in approximately 3 hours.


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