BTCUSD Going sideways for a while then down one more FIB level.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This publication mainly focuses on the 12h and 6h to show we are likely to have a tight trading range going sideways for a little while before coming down one more FIB level to around $3,285 price point to mark the bottom of our Second Test in Phase A and the beginning of Phase B. So, my "position" for mid term is more sideways action within a tight trading range for a while then back down one more FIB level to mark the end of Phase A and the beginning of Phase B.

This publication does NOT include TA for short time frames for those seeking to scalp.
Comment: The following chart is ONLY to provide an EXAMPLE of a Wyckoff Accumulation Schematic of what could occur throughout 2019. I mentioned in a prior video that the Composite Groups (Large Interest/Big Money) may prefer to have it at this lower price range to accumulate coins on the cheap. And that's what they ended up doing; rather than taking it up higher to what would normally be Preliminary Support if compared to history.

@ProwdClown Thank you once again for a beautiful analysis! I agree with your considerations for short to mid-term.

Regarding long-term - I stumbled upon another advanced fan of Wyckoff who brough this longer term chart for the Accumulation part of the Schematic (A-E) taking place exclusively over the course of this year. I loved it and as a fan of Wyckoff myself, I think it is very plausible. What is your opinion of it?

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Funny, cause I was currently working on one for the whole year myself.

Currently working on it now, which see:

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And Yes, the drop down for the Spring should normally drop lower than the trading range that was established by the Automatic Rally (as the top of the trading range) and the Selling Climax (as the bottom of the trading range). I honestly don't see the Second Test in Phase B dropping below the price level at the Selling Climax. My opinion of course.

Not sure if you have seen this chart of 2015 Accumulation Schematic:

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nakov ProwdClown
@ProwdClown, hello, thank you, so we are all pretty much of the same or similar opinion. It is about negligible differences in levels regarding ST in phase B...compared to going to 2k e.g. Talking about 2k...The Big Thing for me is:
1. will the price action really keep these boundaries for accumulation OR phase A is still ongoing and SC in phase A has not been reached yet? That's the big question. Whether SC in phase A goes lower...maybe to 2.5k, maybe to 1.8k...Your opinion?
2. if time-wise the Spring of Phase C will occur this year...or it will be pushed over to 2020, extending the time horizons of the whole Schematic...
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#1: No, the Selling Climax is not necessarily confirmed (in the bag yet). We will find out very soon. If we already had our selling climax, then we are currently working on the LAST even in Phase A; called, "Second Test."

#2: Phase C should be found this year in my opinion. Encompass most of August and September and parts of October potentially.
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nakov ProwdClown
@ProwdClown, Thanks, David, I hope so too. Best of luck to you!
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Sure Mate... You're welcome...

Thanks again for dropping by and good luck to you, Nakov.

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