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WyckoffMode
May 20, 2022 12:24 PM

BTCUSD: Still Decent Odds to Rise to $32K at 24 Hr B Band Basis 

Bitcoin / U.S. dollarBitstamp

Description

Hi Everyone! Simply pointing out we still have a chance to continue upward; converging with Yellow Dotted B-Band Basis around $32,000 in the 24-Hour time frame. We need to see what indicators look like in multiple time frames to determine where we may pull back to find support and if we potentially follow up with another higher high after a potential higher low.

I have not had much sleep. I accidentally called "white level 70" white level 30. The white line ABOVE yellow level 50 is in fact white level 70. I accidentally called it, "white level 30" a couple of times in the video. I'm going to get some more sleep shortly.

Hope this was helpful.

Happy Trading and Stay Awesome!

David

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UPDATE:

I'm going to get some sleep now....

Stay Awesome!

12-hour time frame:


90-minute time frame:

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UPDATE:

BTCUSD:
12-Hour time frame; Composite Group:

Potentially already in a two tiered (level) accumulation schematic. Upper tier primarily used for accumulation and lower tier used primarily for liquidation of longs to setup opening their own long positions.

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UPDATE:

Corrected the SELLING CLIMAX text bubble:

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UPDATE:

Example of 2-Tiered Accumulation Schematic with upper tier primarily for accumulation and lower tier primarily used for liquidation:
BTCUSD:


Example of 2-Tiered Accumulation Schematic with upper tier primarily for liquidation and lower tier primarily used for accumulation:
LTCUSD:
Comments
alinpurcaru96
Hey David, i’m a bit confused. Are we in the upper tier or lower tier right now?
WyckoffMode
@alinpurcaru96,

If we are in a two tiered schematic, we are currently in the upper tier. See the wick we had down into the lower tier to $25,xxx?
AlkalineFX
Fantastic breakdown!
mastershark
👏👏👏
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