The Weekly 21-EMA is No Longer Precedent. Time for New Precedent

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I went on to explain in this publication WHY CLOSING BELOW the "Weekly" 21-EMA should NOT be the "precedent" to determine if we are to transition into months of a bear market. We are currently about to determine WHAT IS OUR NEW "PRECEDENT." Will it be the Magenta 80-EMA in the 4-Day TF? Will it be the Yellow 90-EMA in the 4-Day TF? Will it be the Green 110-EMA in the 4-Day TF? It's currently looking like it may end up being the 80-EMA in the 4-Day TF. We will find out soon enough.
Oct 02
Comment: PRECEDENT - "An earlier event or action that is regarded as an example or guide to be considered in subsequent similar circumstances."


Another great video David!
Stay Awesome!
JK in Wisconsin

Looking forward to your ETH update.
+1 Reply

Hi JK,

Thank you!

Yes, I'll get started on ETHUSD and ADAUSD later this evening. I have not been to sleep yet. I've been awake since 11:30pm yesterday.

Stay Awesome!

+3 Reply
Love your content. Do you upload to YouTube? Watching video using Tradingview on low bandwidth connections is painful.
+1 Reply
WyckoffMode recaptchaman

I have a channel created but nothing posted YET. I may post some videos there in the near future but have not done so yet.

Thanks for taking time to watch the video and the kind comment.

Stay Awesome!

+2 Reply
recaptchaman WyckoffMode
@WyckoffMode, Okay, thanks David!
dream300zx WyckoffMode
@WyckoffMode, YES, if you do that, it would be amazing.
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