WyckoffMode

$8,000 to Come Soon With $9,000 at the 50-MA in 3-Day @ Year End

Long
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
It's possible the Market Makers keep us around $8,000 to $8,500 till year end for accumulation purposes before a brief period of consolidation the first few days of the New Year. I'm expecting EXPONENTIAL price movement to begin at the end of the first week or beginning of the second week of January, 2020. Of course, this exponential price movement in the near future is predicated upon the White Energy in the Weekly TF continuing up with authority ABOVE the 50 percent level over the next several weeks.

First look at the indicators in the NEW Weekly Candle...


Close-Up View of the White Energy in the NEW Weekly Candle...


Close-Up View of the Stochastic RSI and Phoenix Ari in the NEW Weekly Candle...


Here's a look at the 3-Day "with" indicators:


A closer look at the moving averages in the 3-Day TF:


Potential Targets with their approximate dates at the bottom of the Vertical Time Lines at the bottom of this 3-Day Chart:

Comment:
Daily still has more room to continue up with chance of a BRIEF pullback on or around December 27, 2019.

Comment:
A few details on the Daily in case you're wondering what I'm seeing...

Comment:
User @yololife96 pointed out a CME gap around $7,220. Have a look at the 12h time frame:

Comment:
Here's the CME FUTURES "GAP." It's likely to be filled sooner rather than later according to what we see with the indicators in the 12h.

Comment:
BITCOIN CME FUTURES 3h TF Nearing Exhaustion! See Text Bubbles: www.tradingview.com/...on-See-Text-Bubbles/
Comment:
An update using the 6h TF:
Comment:
2-Day on the Left and Weekly on the Right: These next four (4) days will be critical to see if the White Energy and Green Line in the 2-Day come down only a shallow bit then turn back up. Which in turn would mean the White Energy in the Weekly will likely CLOSE above the 50 percent level and stand a better chance of SUSTAINED upward pressure.

Comment:
About to work on a video publication. Will take approximately 30 to 45 minutes to complete and post.
Comment:
Additional Information in the following Video posted a couple of hours ago; in case you have not seen it yet.
Comment:
If you have been following my BTC1 (CME FUTURES) "idea" you would have seen reference of the current dip coming. Note here in the 3h:


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.