WyckoffMode

BTCUSD - Still POSSIBLE to Fall to 200-Day MA Before Lift-Off.

Long
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
This publication is labeled a "Long" position even though we may experience more potential drop in price before we continue going higher with our bull run till some time between the last week of March and second week of April before a reasonable chance of a significant consolidation event.

"...All the fluctuations in the market and in all the various stocks SHOULD be studied as if they were the result of one man's operations. Let us call him The Composite Man; who, in theory... sits behind the scenes and manipulates the stocks to your disadvantage IF YOU DO NOT UNDERSTAND THE GAME AS HE PLAYS IT. However, it COULD be to your great profit if you do understand the game as he plays it." (The Richard D. Wyckoff Course in STock Market Science and Technique, section 9, page 1-2).

BTCUSD is the ONLY pair that has NOT dropped down quite as fast as the other pairs; especially when compared to Shxt Coins traded in USD or USDT. The MAIN reason for this is for two-fold:

#1 - If they dropped BTCUSD the same percentage as they dropped Shxt Coins, this would mean the Shxt Coins in BTC value would flat line (Remain the same). The Composite Group(s) needed to accumulate more Bitcoin. The MAIN way for them to accumulate more Bitcoin is to dump Shxt Coins traded in BTC. Meaning, dump Shxt Coins for Bitcoin by dumping most Shxt Coin/BTC pairs. Well, Many of those Shxt Coins are ALSO traded in USD and/or USDT. This means the Composite Group(s) need to dump Shxt Coin/USD and Shxt Coin/USDT pairs much more PERCENTAGE-WISE than BTC/USD and BTC/USDT in order to dump Shxt Coin/BTC pairs to accumulate the Bitcoin they desire.

Example - A: If BTCUSD falls 5% and Shxt Coin XYZ/USD pair falls 20%, then Shxt Coin XYZ/BTC pair falls 15%. It MUST be this way in order for the Shxt Coin XYZ/USD price to be collocated (in harmony) with the Shxt Coin XYZ/BTC price RELATIVE TO BTCUSD PRICE.

Example - B: If BTCUSD falls 20% and Shxt Coin XYZ/USD pair falls 20%, then Shxt Coin XYZ/BTC pair falls 0.0% (nothing; flat). Which means the Composite Group(s) would NOT be able to accumulate Bitcoin SINCE the Shxt Coin XYZ pair remained flat (no change). They would have dumped Bitcoin and Shxt Coin XYZ "only" to accumulate USD and USDT without accumulating Bitcoin at all. So, it behoves the Composite Group to knock down the price of Shxt Coins in USD and USDT value WITHOUT knocking down Bitcoin much in USD and USDT value; at least in the beginning of a consolidation/distribution period; in order to accumulate more Bitcoin. How do they accumulate more Bitcoin? By dumping Shxt Coins MORE in USD and USDT value in order to knock down Shxt Coins substantially in BTC value. That's how...


#2 - The Composite Group also wants to accumulate USD and USDT by dumping Shxt Coin XYZ/USD and Shxt Coin XYZ/USDT pairs. WHY??? To add more USD and USDT capital to their holdings to assist them in a future pump of MORE RELEVANT COINS. Such as BTC, ETH, LTC, ADA, BCH, etc... This means the Shxt Coin pairs were undergoing DISTRIBUTION. This is when the Composite Group(s) were DISTRIBUTING different assets from one location to another to serve a specific future purpose. They did not do it for no reason at all. No?

Thank you for your time reading the comments section; for following my publications and for "Liking" my publications. Your support is greatly appreciated!

Stay Awesome!

David

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Simply a look a little further left in history on the Daily:

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2-Day Time Frame:
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I have a pot of coffee brewing... I'll begin working on a video publication after my coffee is ready.

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