WyckoffMode

BTCUSD: Possible $49k to $63k Remaining Upward Pressure in 3-Day

WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! Yes, it's POSSIBLE to reach $49k or even $63k during the upward pressure remaining in the White Energy in the 3-Day Time Frame. However, let's NOT assume the price action must go up significantly during a period of upward pressure. The main thing to consider at present is to be very careful opening short positions at present.

Happy Trading and Stay Awesome!


I'm still getting messages from people asking me for access to the indicators.

BE ADVISED: I made my indicators PUBLIC. No one has to ask me for access anymore since the indicators were made PUBLIC. Please follow directions in either video below:

I made my indicators PUBLIC. You no longer have to ask me for access. Please follow directions in one of the following videos below. First video for normal monitor and second video for 4K television used as a monitor:

Better SETUP VIDEO For Indicators Made Public

How To Setup Phoenix and B-Bands With 16 Charts on 4K Television
Comment:
UPDATE:

If you are thinking, "Well, that large of a price range ($49k to $63k) does not help me much." If this is you, then consider watching the indicators to see when upward pressure may end in the 3-Day, 4-Day, 24h and 12h time frames. If the price action manages to make it up to $49k and it appears upward pressure continues in the indicators, then hold your coins and/or position a bit longer. If the price action remained sideways for the most part until February 9th to 15th and it appears we are about to reverse to downward pressure, you would then consider selling and/or shorting at that point. Try not to focus so much on price and place your focus on the indicators.
Comment:
UPDATE:

Another look at the 3-Day time frame but with B-Bands:
Comment:
UPDATE:

Here's a look at the 24 hour time frame:
Comment:
UPDATE:

Do NOT assume I'm saying upward pressure will continue until February 12, 2021 solely by drawings in the 24 hour time frame (above). It's possible for upward pressure to come to an end around February 9, 2021 or last longer than February 12, 2021. We need to focus on the White Energy in the Daily time frame and higher time frames.
Comment:
UPDATE:

Let's have a look at Diagonal Trend Lines:
Comment:
UPDATE:

Added another price point for March, 2021 to match history in March, 2017.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.