WyckoffMode

BTC: 25300 to 25600 and over extension chance to 26550 to 27150

BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! I thought it was important to focus on our Long Term Group to point out potential "ceiling of resistance" in the event of organic price movement up to $25,300 to $25,600 price range. However, we could see "over-extension" up to the Magenta Upper B-Band in the 16-Day and 17-Day. Which would put us around the $26,550 to $27,150 price range.

We already see the Red Line in the 3-Week at Yellow Level 50. This is telling us the price action in the 3-Week can go up to the Yellow B-Band Basis; which is currently at $25,600. Don't forget we still have upward pressure according to the 15-Day time frame. Why? The Red Line closed above level 50 the previous 15-Day candle; which triggered upward pressure to last until the white energy falls down to level 50. Well, the white energy is currently at level 91.5 in the 15-Day. Which means we have high odds of upward pressure continuing for the remaining 14-Days of this current 15-Day candle.

I hope this was helpful.

Smash that "rocket" icon at the bottom right of the publication please.

Thank you for your valuable time!

Stay Awesome!

David

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