MESSAGE #2 TO BEARS: Here's SUPPORT This is a Bear Trap!!!
I only HOPE this was able to convince some who are straddling the fence as to whether we are in a LONG TERM BULL TREND. I'm of the opinion we ARE in a BULL trend and this is ONLY a brief dip before CONTINUING UP. This is labeled a LONG position for the LONG TERM BULL TREND I believe we are currently in. However, for the near term, we COULD experience a few days of downward pressure; resulting in downward price action.
DON'T FORGET: We need to see the 2-Day Candle CLOSE with the Green Line and Red RSI making contact with one another ON THE DAY AND TIME the 2-Day Candle CLOSES in order to CONFIRM we will experience a few days of continued downward pressure BEFORE CONTINUING OUR EXPONENTIAL MOVE UPWARD.
Thanks for investing your valuable time watching this video. If you found this to be helpful while considering the "ideas" (opinions) of TA from other traders, please take a moment to click the "Like" icon. Certainly would appreciate it.
Happy Trading and Stay Awesome!
David
DON'T FORGET: We need to see the 2-Day Candle CLOSE with the Green Line and Red RSI making contact with one another ON THE DAY AND TIME the 2-Day Candle CLOSES in order to CONFIRM we will experience a few days of continued downward pressure BEFORE CONTINUING OUR EXPONENTIAL MOVE UPWARD.
Thanks for investing your valuable time watching this video. If you found this to be helpful while considering the "ideas" (opinions) of TA from other traders, please take a moment to click the "Like" icon. Certainly would appreciate it.
Happy Trading and Stay Awesome!
David
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Comment:
The 6h (Left) and 12h (Right) show the White Energy POTENTIALLY nearing exhaustion. This is WHY I'm careful to say, "We WILL see our dip here." I'm super hesitant to say "we WILL" see a few days of downward pressure UNTIL we see the CURRENT 2-Day Candle CLOSE with the Red RSI making contact with the Green Line WHILE the Green Line is going down; indicating downward pressure.
Here's the 6h (Left) and 12h (Right):
Here's the 6h (Left) and 12h (Right):
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Here's the 4-Day (Top Left); 8-Day (Top Right); 12-Day (Bottom Left) and 16-Day (Bottom Right): The purpose of posting this is to show the POSSIBLE future trek of the lines within the Godmode indicator up till April 06, 2020. Which is my ESTIMATED date for possible 27% or more consolidation event
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Some are wondering if we dip down lower... It's IMPORTANT to note this is a PERIOD of DOWNWARD PRESSURE. There's NO GUARANTEE (during the downward pressure) that it dips as low as people would like. I mentioned that in this video. This could be acting more like a TIME correction than a PRICE correction DURING this TIME of downward pressure.
BOTTOM LINE: One must keep an eye on the indicators and be prepared to jump in. If your intent is to open a margin long trade on this dip, it's IMPORTANT to have very low leverage in the unfortunate event we get a falling knife all of a sudden before continuing the bull trend as mentioned in this video.
If you are looking for a place simply to accumulate bitcoin, I would be happy with most any point getting in here and not be so concerned about a few hundred dollars difference in price if it should drop shortly after you accumulate. This is my opinion of course.
BOTTOM LINE: One must keep an eye on the indicators and be prepared to jump in. If your intent is to open a margin long trade on this dip, it's IMPORTANT to have very low leverage in the unfortunate event we get a falling knife all of a sudden before continuing the bull trend as mentioned in this video.
If you are looking for a place simply to accumulate bitcoin, I would be happy with most any point getting in here and not be so concerned about a few hundred dollars difference in price if it should drop shortly after you accumulate. This is my opinion of course.
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Comment:
We FINALLY have a higher high...
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Something to REMEMBER "depending" on what plays out here in the 2-Day: Here's the 6-Day Time Frame (TF):
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I changed the color of that range to Yellow. The peak of that range is $11,033.42. There's NO GUARANTEE we run up there before a POTENTIAL "brief" consolidation event. Given my limited time, I'm reluctant to spend every single bit of my time in front of the computer watching low time frames to give signals for low time frame scalping and/or swing trading. Which is the reason I've stuck to mainly LONG TERM analysis. The only reason I'm providing a little bit of updates currently is because there are many who were reluctant to get in at a lower price before this run up; waiting on a larger dip before getting in. There's NO GUARANTEE it's going to drop as low as some want.
Comment:
As I have mentioned in a publication several months ago: I used to have close to 100 people sending me PM's asking me to help them with WHEN to buy and/or sell. I used to do that but it got to the point I was spending all my time responding to personal messages to give people my "opinion" on WHEN to buy and/or sell. It got to point I had very little time for myself and time to spend with my family. It also got to the point where I often repeated the same thing many times to many different people in PM's.
I HAD TO PUT A STOP TO IT... It was also getting stressful for me to hear stories from traders who messed up or missed out and wanted help to make up what they lost or to help them get in after missing getting in -OR- asking me to help them get out.
Sorry, but I just cannot allow that to get started AGAIN. This is one reason why I'm working on the website to go LIVE possibly in March but more than likely in April. I prefer to tell MANY people the same thing ONE time rather than saying the same thing multiple times. Also, my TIME is very valuable to me. I believe it's only fair to be compensated for my TIME. No, it's not being selfish to want compensation for my TIME. "TIME IS THE MOST VALUABLE COMMODITY IN THE UNIVERSE." Once one moment of time is spent, you cannot get it back... it's gone... So, make it (TIME) count as you SPEND and/or INVEST your TIME.
I expect no less from anyone else. EVERYONE should place a VALUE on their TIME. If you want to increase the value of your personal TIME, invest TIME to gain more knowledge. Hence, my slogan in my "status" which says, "One can make a living working hard on their job. One can make a fortune working hard on themselves by LEARNING." The more you KNOW the more VALUABLE your TIME.
Please don't ask me if you can pay for one-on-one training. I'm not going to do that. I don't have the TIME to do that right now either due to building a new office and other things. Once those things are completed, I'm getting back to working on my website going LIVE as soon as possible.
I have no problem with people sending me PM's. However, let's keep PM's about PERSONAL content rather than trading or analysis content. If you have a question and/or request about trading and/or analysis, please post it in the comments section of one of my publications. I'm not promising I will answer it or provide the answer someone wants. I'll do my best to respond as soon as possible when I have an opportunity to respond. I only ask you respect my response regardless of whether I decided to provide -OR- not to provide the answer you may want.
If making this request and sharing my opinion on personal messages (PM's) means I have lost some followers, I still wish you well in your endeavors and all the success in the world. REPEAT: I do NOT mind personal messages! All I ask is let's keep personal messages PERSONAL and not about trading and/or analysis.
Stay Awesome!
David
I HAD TO PUT A STOP TO IT... It was also getting stressful for me to hear stories from traders who messed up or missed out and wanted help to make up what they lost or to help them get in after missing getting in -OR- asking me to help them get out.
Sorry, but I just cannot allow that to get started AGAIN. This is one reason why I'm working on the website to go LIVE possibly in March but more than likely in April. I prefer to tell MANY people the same thing ONE time rather than saying the same thing multiple times. Also, my TIME is very valuable to me. I believe it's only fair to be compensated for my TIME. No, it's not being selfish to want compensation for my TIME. "TIME IS THE MOST VALUABLE COMMODITY IN THE UNIVERSE." Once one moment of time is spent, you cannot get it back... it's gone... So, make it (TIME) count as you SPEND and/or INVEST your TIME.
I expect no less from anyone else. EVERYONE should place a VALUE on their TIME. If you want to increase the value of your personal TIME, invest TIME to gain more knowledge. Hence, my slogan in my "status" which says, "One can make a living working hard on their job. One can make a fortune working hard on themselves by LEARNING." The more you KNOW the more VALUABLE your TIME.
Please don't ask me if you can pay for one-on-one training. I'm not going to do that. I don't have the TIME to do that right now either due to building a new office and other things. Once those things are completed, I'm getting back to working on my website going LIVE as soon as possible.
I have no problem with people sending me PM's. However, let's keep PM's about PERSONAL content rather than trading or analysis content. If you have a question and/or request about trading and/or analysis, please post it in the comments section of one of my publications. I'm not promising I will answer it or provide the answer someone wants. I'll do my best to respond as soon as possible when I have an opportunity to respond. I only ask you respect my response regardless of whether I decided to provide -OR- not to provide the answer you may want.
If making this request and sharing my opinion on personal messages (PM's) means I have lost some followers, I still wish you well in your endeavors and all the success in the world. REPEAT: I do NOT mind personal messages! All I ask is let's keep personal messages PERSONAL and not about trading and/or analysis.
Stay Awesome!
David
Comment:
PS - REMINDER: IF you wish to talk about trading and/or analysis, let's keep that in the comments section of the publications please.
Thank you!
Thank you!
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One of the main reasons for keeping comments and/or questions about trading and/or analysis in the comments section fo publications is to allow others to see the comments and/or questions. I'm sure there will be many who will appreciate reading the comment and/or question as well as the response.
Another reason for keeping comments and/or questions about trading and/or analysis in comments is to help me avoid saying the same thing multiple times to different people in personal messages.
Thank You!
David
Another reason for keeping comments and/or questions about trading and/or analysis in comments is to help me avoid saying the same thing multiple times to different people in personal messages.
Thank You!
David
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Just an occasional update with my "History of Bitcoin Using Wyckoff Method" chart to keep "Wyckoffians" updated on where we are in relation to our gradual transition from Phase D to Phase E.
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IMPORTANT NOTES USING THE 6-DAY TIME FRAME:
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The purpose of this 12-Day chart is simply to show how it would have been used for better EXIT when you were seeing the bull trend nearing its end in the 3-Week TF.
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Additional commentary on the 12-Day, 16-Day, 24-Day and 3-Week TF's:
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