WyckoffMode

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

Short
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
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.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.