BTCUSD: Potential for $53,000 NEXT 2-Day Candle Providing...
Hi everyone! We are about to trigger upward pressure when the current 6-hour candle "closes" above Level 50. This upward pressure will continue until the White Energy falls back down to level 50 in the 6-hour. Same goes for the upcoming 8-hour and 12-hour candle "closes." Upward pressure will continue in the 8-hour and 12-hour until the White Energy falls back down to Level 50. It's important to remember; during upward pressure; we can go sideways at worst or upward at best. So, we can continue sideways inside tight B-Bands in the 12-hour -OR- we can begin seeing some expansion in the 6-hour and 8-hour time frames; which in turn can promote expansion in the 12-hour; which in turn can promote a little expansion in the 24-hour to ultimately get us up to the B-Band Basis (20-MA) in the 2-Day time frame around the $53,000 price point. Where we go from there remains to be seen. But know this... The Blue LSMA is quite Low in the 2-Day and 3-Day time frames. Which means there is quite a bit of work yet to do to see any kind of expansion "UP" and the price action remaining above the B-Band Basis (20-MA) in the 2-Day and 3-Day for a "sustained" period of time. We are still quite a ways from that potentially occurring. Let's take this one candle at a time... We don't know what we don't know until we know it.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
Here is the "Immediate Group" of time frames we monitor to see if the Red RSI and Blue LSMA will go above and remain above level 50 -OR- to see if the Red RSI and Blue LSMA will go below and remain below level 50. What occurs with the Red RSI and Blue LSMA in this Immediate Group will affect the Red RSI and Blue LSMA in higher time frames in the Short Term Group to determine if we can get expansion UP in the 2-hour, 3-hour, 4-hour, 6-hour and 8-hour time frames or if we continue sideways for a while in those time frames without going up to the B-Band Basis (20-MA) in the 2-Day time frame at approximately $53,000.
Here is the "Immediate Group" of time frames we monitor to see if the Red RSI and Blue LSMA will go above and remain above level 50 -OR- to see if the Red RSI and Blue LSMA will go below and remain below level 50. What occurs with the Red RSI and Blue LSMA in this Immediate Group will affect the Red RSI and Blue LSMA in higher time frames in the Short Term Group to determine if we can get expansion UP in the 2-hour, 3-hour, 4-hour, 6-hour and 8-hour time frames or if we continue sideways for a while in those time frames without going up to the B-Band Basis (20-MA) in the 2-Day time frame at approximately $53,000.
Comment:
UPDATE:
Waiting on the new 12-hour, 24-hour and 2-Day before an update.
Waiting on the new 12-hour, 24-hour and 2-Day before an update.
Comment:
UPDATE:
It's officially Christmas, but in the wee hours of the morning here (2:25am). About to get some sleep before a busy Christmas Day. I want to wish everyone around the world a Merry Christmas!
Will wait to provide update later... Details with Wyckoff Method 2.0, Bad Ass B-Bands and Phoenix Ascending Indicators.
Teaser Charts...
Wyckoff Method 2.0:
Short Term Group:
Near Term Group:
Mid Term Group:
Long Term Group:
Macro Group:
Super Macro Group:
It's officially Christmas, but in the wee hours of the morning here (2:25am). About to get some sleep before a busy Christmas Day. I want to wish everyone around the world a Merry Christmas!
Will wait to provide update later... Details with Wyckoff Method 2.0, Bad Ass B-Bands and Phoenix Ascending Indicators.
Teaser Charts...
Wyckoff Method 2.0:
Short Term Group:
Near Term Group:
Mid Term Group:
Long Term Group:
Macro Group:
Super Macro Group:
Don't forget... Monitoring the levels of the Red RSI and Blue LSMA in the Immediate Group of time frames can assist with determining if your Red RSI and Blue LSMA in the Short Term Group can continue rising or not; in order to determine if we go sideways at worst or upward at best during this period of upward pressure about to be triggered in the 6-hour, 8-hour and 12-hour time frames.