WyckoffMode

More Downward Pressure Likely All Through the Weekend

Short
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
Does this mean the price action is destined to fall significantly between now and all through the weekend? No, not necessarily... We could simply go sideways from now and through the entire weekend. I'm simply not seeing a signal for a significant move to the upside from now and through the weekend. The reason this shows current position as "SHORT" is because of the downward pressure I see potentially continuing from now till the end of the weekend. That "position" COULD change AFTER the weekend. Also, does this mean we cannot have little spikes up and/or down WHILE continuing with downward pressure? No... However, we ARE in downward pressure through the weekend.

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Thanks for investing 10 minutes of your time to check out this publication.

Cheers,

David
Comment:
Something for us to learn from the following publication:

Comment:
MAKE SURE TO HAVE A LOOK AT THAT PUBLICATION POSTED IN COMMENTS SECTION "HERE" JUST ABOVE THIS POST. IT'S VERY IMPORTANT YOU HAVE A LOOK AT IT. There's more explanation as to WHY we are "Going Up" in the very near term but going down in the "mid term" while accumulating in the "long term."

I used an "LTCUSDT" PUBLICATION in the link above to provide explanation of WHAT HAS BEEN LEARNED in regard to ENERGY running up or down far in advance of the Green Line inside Godmode is to be given more MERIT than what may be seen with Phoenix ARI under certain circumstances.
Comment:
Simply posting an update to this publication (for future reference) to point out we did IN FACT experience downward pressure over the weekend. It is now 1:00am, Monday morning for me on March 4, 2019.


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