WyckoffMode

$9,948.98 to $12,654.50 by 9-Day Candle Beginning Feb. 15, 2020

Long
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
As pointed out in the 9-Day chart the indicators are looking VERY PROMISING for continued upward pressure to possibly the 9-Day Candle beginning February 15, 2020 at a minimum before we see a chance of a brief consolidation event. More updates will follow from time to time. I may also provide a video publication within 24 hours.

Comment:
For those who are still bearish, you may want to read the following update I posted in my previous publication:

3-Day = White Energy is near exhaustion at 16% ... The Stochastic RSI is likely to bounce up off of the Red 80% level when the White Energy in the 3-Day exhausts and turns back upward.

6-Day = Red RSI is at 63% (above 55 percent) and the White Energy is at 78% and falling. However, we do not anticipate a CHANCE of a significant drop until the White Energy reaches the 50% level BECAUSE the Red RSI is above 55 percent in the 6-Day TF. What we are seeing in the 6-Day TF also provides support for what was just mentioned in the 3-Day. Meaning, we see the White Energy at 16% in the 3-Day and likely to exhaust then turn back up in the 3-Day TF. Well, the White Energy in the 6-Day still has quite a while before reaching the 50% level. Which gives us plenty of time for the White Energy to exhaust in the 3-Day TF and reverse back to upward pressure.

9-Day = White Energy is super high at 105% level. Don't be surprised if the White Energy turns down then immediately turns right back up in the 9-Day without going below the 50% level in its near term. We still need the Red RSI in the 9-Day TF to CLOSE at 55 percent or higher to feel more comfortable about a LONG TERM bull trend BEGINNING. The Red RSI in the 9-Day is currently at 51% level and rising. I prefer it to close at 55% or higher in that high of a time frame to use our rule regarding no chance of significant drop until white energy crosses below 50 percent level. We have a NEW 9-Day Candle beginning tomorrow (January 28, 2020).


Comment:
Compare the 3-Day, 6-Day and 9-Day chart from yesterday (ABOVE) to the 3-Day, 6-Day and 9-Day NOW (BELOW):

Comment:
Simply posting this chart with PRIMARY FIB levels and two (2) Secondary FIB levels inserted in between different Primary FIB levels. This chart is posted only for personal future reference.

Comment:
PRIMARY FIB COORDINATES:

SECONDARY FIB COORDINATES:

LOCAL VIEW OF PRIMARY AND SECONDARY FIB's:

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