WyckoffMode

The 200-MA in the Daily SHOULD Act as FIRM Support in My Opinion

WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
30-EMA in the 4-Day TF currently at $9,685 and 40-EMA in the 4-Day currently at $9,229. This is the price range I mentioned scattering buy orders. I also mentioned if we do not see the price come down even to the 30-EMA ($9,685) by end of day on September 26th, we may need to seriously consider slowly buying back in before legging up without pushing the price up too much to get your coins as cheaply as possible.

Here's the 4-Day TF with the Gray 40-EMA currently at $9,229 and the 30-EMA currently at $9,685.


Here is the Daily once again just in case you cannot see things clearly on the cover chart:


Still looks like we may have a decent chance for reversal to upward pressure and change of trend from bear to bull between September 26th and September 30th.
Comment:
Here's the Daily with indicators shown:

Comment:
30-EMA in the 4-DAY time frame was just crossed for a bit. It's my opinion that buy orders should have been scattered from the 30-EMA down to the 40-EMA.

Yes, you can consider scattering more buy orders between the 40-EMA and the 50-EMA in the 4-DAY time frame and even between the 50-EMA and 60-EMA. If buy orders between EMA's at lower price levels do not get filled, you can always jump in with your remaining capital you intend to use for trading and/or investment once it begins shooting upward. However, you may want to set alarms and adjust the price levels of the alarms accordingly as the price moves up and/or down.

Comment:
The following chart is intended for those who are NEW to creating charts:

Comment:
In the Weekly TF, we see the Red 21-EMA currently sitting at $9,339 price level at this writing. It could be falling just a bit while I'm writing. The current price level of the Weekly 21-EMA is currently in between the 30-EMA and 40-EMA in the 4-Day TF; which is shown in the 4-Day chart above.

Comment:
Comment:
90m TF looks ready to go up.


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