WyckoffMode

BTCUSD: Remember... We Are Expansion Hunters...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi Everyone! Remember, we are expansion hunters. Meaning, we look for Bollinger Bands that are CONTRACTED (tight). WHY? Because that may be an EXCELLENT opportunity to capitalize on upcoming EXPANSION of the B-Bands. Especially, if you have a pretty good idea of the direction (up or down) of the price action during that expansion of the B-Bands.
Comment: UPDATE:

Our next "Pressure Race" is the 6-Hour and 12-Hour. How was a race "triggered?" By the Red RSI "closing" either ABOVE Level 50 or "closing" BELOW Level 50.

If the Red RSI "closes" ABOVE Level 50, we know upward pressure continues until the White Energy falls back down to or near Level 50.

If the Red RSI "closes" BELOW Level 50, we know downward pressure continues until the White Energy comes back up to or near Level 50.

In our case, the Red RSI "closed" Below Level 50 in the 6-Hour time frame. Which means DOWNWARD pressure continues until the White Energy comes back up to Level 50 to induce UPWARD pressure. The question is, "Can the White Energy in the 6-Hour come back up ABOVE Level 50 to induce UPWARD pressure "BEFORE" The Red RSI in the 12-Hour can come down to Level 50 to "trigger" a new downward pressure race?

If the White Energy in the 6-Hour wins the race to Level 50 against the Red RSI in the 12-Hour, the odds have increased for upward pressure to take hold PROVIDING we have the Red RSI and Blue LSMA above Level 50 in at least three (3) of the four lower time frames that are lower than the 6-Hour. Those four time frames would be the 4-Hour, 3-Hour, 2-Hour and 90-minute time frames. If the Red RSI and Blue LSMA are NOT above Level 50 in at least 3 of those 4 lower time frames, this actually reduces the chance of upward pressure taking hold and may indicate another period of downward pressure may be gearing up again. This is why it's a good idea to pay attention to how LOW or high HIGH the Blue LSMA is at any given time in any time frame. To the point of it becoming HABIT... Like a "machine."

Here's the 6-Hour and 12-Hour:

Comment: UPDATE:

By the way, we would now say we could potentially fall to the White/Aqua LOWER B-Bands in the 12-hour before potentially finding support. Especially, with the beginning of more potential expansion in the 6-hour; since the Red RSI and Blue LSMA in the 6-hour are creating "cause" for expansion down.
Comment: UPDATE:

How is the information provided in this one publication beneficial?

If you opened a short position at an earlier time, you would be monitoring to see how long this downward pressure continues before making the decision to take partial profit and/or close the trade and take full profit to prepare for the next trade.

You would still have your short open until you saw more increased odds of Upward Pressure winning a race against downward pressure -AND- you had the Red RSI and Blue LSMA both above Level 50 in at least three (3) of the four (4) lower time frames.

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