"Waiting for the White Energy in 2-Day TF to Pass 50% Level...
...for a Chance of Reversal to Upward Pressure."
Read the White Text Bubble in the 2-Day Chart below. Also have a look at all the WHITE Vertical Time Lines on the chart below. In particular, I want you to make note of WHEN the White Energy is going up and crosses above the 50 percent level in the 2-Day TF. You will note the moment that occurs we see a fairly significant move upward in the price action. It appears the White Energy in the 2-Day TF (below) has a chance for passing the 50 percent level on the 2-Day Candle beginning November 27, 2019 or November 29, 2019.
Read the White Text Bubble in the 2-Day Chart below. Also have a look at all the WHITE Vertical Time Lines on the chart below. In particular, I want you to make note of WHEN the White Energy is going up and crosses above the 50 percent level in the 2-Day TF. You will note the moment that occurs we see a fairly significant move upward in the price action. It appears the White Energy in the 2-Day TF (below) has a chance for passing the 50 percent level on the 2-Day Candle beginning November 27, 2019 or November 29, 2019.
Comment:
I placed the two WHITE "CUSTOM" 1.327 FIB Extensions on the chart (below) for present day. However, I did not bother drawing lines to the 1.327 "CUSTOM" FIB extension. I'm leaning more towards the 1.0 FIB to be our first stepping stone to the 1.618 FIB extension.
Comment:
REMINDER: The 1.618 FIB Extension in July/August is subject to change if our bottom is "NOT" $6,149.32 and ends up being the current low of $6,515.00 on BitStamp.
Comment:
NOTE: I place two (2) FIB's on my charts to get a "Price RANGE Target" for my 1.618 FIB Extension to the next high after a consolidation event for BTCUSD. Note this example here in 2015. More examples will follow...
Comment:
One more IMPORTANT NOTE in regard to my UNORTHODOX method of determining the 1.618 FIB extension for BTCUSD: I do NOT have my 1.0 (100%) coordinate on the current high to determine the 1.618 FIB Extension. I place my 0.618 (61.8%) FIB on the current high to determine the next 1.618 FIB Extension. I'm following up with another example shortly.
Comment:
In June, 2017, our price movement was transitioning into a "PARABOLIC" cycle during the mid to later stages of Phase E in a Wyckoff Accumulation Schematic. It's COMMON during the mid to later stages of Phase E in a Wyckoff Accumulation Schematic for the price movement to go "parabolic" in our run up to our "Buying Climax" before falling into a long term Distribution. This is WHY you see our price movement to the next high went to the 2.618 FIB Extension instead of consolidating at the 1,618 FIB Extension.
Comment:
Here's another example in our run-up to our high in September, 2017 when determining the 1.618 FIB Extension by placing the 0.618 at the previous high instead of placing the 1.0 at the previous high to determine the 1.618 FIB Extension.
Comment:
Here is our November 2017 1.618 FIB Extension. AGAIN, we placed the 0.618 (618.8%) on our high instead of the 1.0 (100%) to get our 1.618 FIB Extension.
Comment:
Here is our December, 2017 BTCUSD All Time High to our Buying Climax on Bitstamp. Don't forget that I AM "NOT" using my 1.0 (100%) as my high coordinate to determine the next high on FIB Extensions. I'm placing my 0,618 at my high to determine my target on FIB Extensions for BTCUSD.
Comment:
You will see four (4) Wyckoff Accumulation Schematics on the chart below. We have completed three of those four Accumulation Schematics. NOTE in Phase E of the three previous Wyckoff Accumulation Schematics when the price action went "Parabolic." We are currently in Phase D. We need to Breakout with AUTHORITY above $13,880 on BitStamp to CONFIRM we have made the transition from Phase D into Phase E of our current Wyckoff Accumulation Schematic.
Phase D has three (3) MAJOR Events.
#1 - Breakout with AUTHORITY to show a "Sign of Strength" above the previous high acting as resistance. We saw our "Sign of Strength" when we broke out above $4,236.84.
#2 - Multiple "Last Points of Support" (LPS)'s during consolidation AFTER reaching exhaustion on our high of the Sign of Strength.
#3 - "Sign of Strength" to Break out of our previous high (resistance) of $13,880. Once we see a Break Out with AUTHORITY above $13,880, we know we have made the transition into Phase E to establish multiple higher highs to act as stepping stones to our climatic event at the end of Phase E, called, "Buying Climax." It can take a year or more to reach a "Buying Climax" at the end of multiple stepping stones of consolidation to that climatic event. The previous Phase E was a duration of approximately two years (2016 and 2017).
Phase D has three (3) MAJOR Events.
#1 - Breakout with AUTHORITY to show a "Sign of Strength" above the previous high acting as resistance. We saw our "Sign of Strength" when we broke out above $4,236.84.
#2 - Multiple "Last Points of Support" (LPS)'s during consolidation AFTER reaching exhaustion on our high of the Sign of Strength.
#3 - "Sign of Strength" to Break out of our previous high (resistance) of $13,880. Once we see a Break Out with AUTHORITY above $13,880, we know we have made the transition into Phase E to establish multiple higher highs to act as stepping stones to our climatic event at the end of Phase E, called, "Buying Climax." It can take a year or more to reach a "Buying Climax" at the end of multiple stepping stones of consolidation to that climatic event. The previous Phase E was a duration of approximately two years (2016 and 2017).
Comment:
We have a NEW 2-Day Candle beginning in 1 hour 20 minutes. The indicators will update and move accordingly once the 2-Day Candle begins. I'm simply providing a screenshot of what the White Energy looks like currently in the 2-Day TF "before" the new 2-Day Candle begins.
Comment:
Here's a look at Godmode White Energy in the NEW 2-Day Candle. I'll provide another video publication and/or LIVE Stream later this evening. My wife is on her way home from the grocery store. I'm going to help her cook dinner and eat before I consider doing a video publication.
Comment:
Here's another look at Godmode in the 2-Day TF but I included the Price Candles. Note the White Vertical Time Lines lined up with each time in History the White Energy Crossed ABOVE the 50% level. Note the Price action in the candles above where the white energy crossed 50%.
Comment:
I'm heading to my wife's side of the family today and my side of the family tomorrow. I'll plan on providing an update later tonight.
HAPPY THANKSGIVING EVERYONE!
David
HAPPY THANKSGIVING EVERYONE!
David
Comment:
I plan on doing a LIVE Stream Friday, November 29, 2019 at 7:00pm Central Time (Chicago Time) in the U.S. The Link to the LIVE Stream will be posted on TradingView Friday, November 29, 2019 at 6:30pm Central Time (Chicago Time) in the U.S.
Comment:
Link to LIVE STREAM: www.tradingview.com/...AGiLVinM9KHS84oYmBs/ We will actually begin at 7:00pm Central Time (Chicago Time). Music until then.
You will also note I have two possibilities for possible future trek of price movement to our 1.618 FIB extension on the cover chart. I'm leaning more towards the Yellow Path with a top around $17,100 to $18,650 just before the block halving event the end of April, 2020 before having a consolidation event back down to around $12,920 to $13,880 price range around mid to late May, 2020. This would be followed by another push up to finally reach the 1.618 FIB extension in July/August, 2020 at the $23,850 to $26,400 price range.
NOTE: how we had similar price movement in 2016 after the block halving event in 2016 that's quite similar to the price movement in the YELLOW PATH plotted on my cover chart. The chart below is the price movement in 2016 after the block halving.
I added a CUSTOM FIB EXTENSION with a coordinate of 1.327 to match the first high of the stepping stone to our 1.618 extension in 2016 after the block halving of 2016. I will follow up with a similar CUSTOM FIB extension for present day in a few minutes.