BTCUSD: Potential Up-Thrust Last Point of Supply Events Phase D

Hi Everyone! Simply wanted to point out we could potentially see multiple Up-Thrust/Last Point of Supply Events in Phase D of Distribution before finally seeing a Sign of Weakness in Phase E event; similar to what we saw in 2018. We still have substantial upward pressure in the Short Term Group of time frames up to the 6-hour and 8-hour. We are waiting for the Blue LSMA to go up above Level 40 while the Red RSI is above Level 50 in the 8-hour time frame. Why? To see if we get expansion of the B-Bands and price action go UP with this potential expansion. So, I wanted to point out it's POSSIBLE to go up higher to the 200-MA in the 6-hour time frame over time. Do we know this for sure yet? No... Let's wait for a new 12-hour, 24-hour, 2-Day, 4-Day, 5-Day, 10-Day and 20-Day candle to begin in approximately 6-hours from now.

By the way, I'm not providing high time frame scalping signals using the Short Term Group of time frames. All I'm doing is providing my opinion on potential SWING HIGH or SWING LOW moves rather than "scalping" moves. I have too much on my plate at present with other things I must get completed.

Happy Trading and Stay Awesome!

David

PS - I'll post a couple of charts in the Description shortly after I publish this video...

Comment:

UPDATE:

Present Day 6-Hour:

April, 2018 6-Hour:

Present Day 12-Hour:

April, 2018 12-Hour:

Present Day 24-hour:

'

April, 2018 24-hour:

Comment:

UPDATE:

We need to see EXPANSION of the B-Bands in the 6-Hour and 8-Hour time frames to get "another" Up-Thrust/Last Point of Supply Event similar to what we saw in 2018. 6-hour and 8-hour time frames are on the lower level in this Short Term Group:

Comment:

UPDATE:

As you can see, it appears MULTIPLE "Up-Thrust/Last Point of Supply Events" in Phase D may not end up being the case. We may be in the process of a "Sign of Weakness in Phase E" event.