Hi Everyone! This analysis focuses only on the 2-Week time frame. In particular, we are focused on the Level of the Red and Blue Lines within Phoenix Ascending indicator (By: WyckoffMode) and Bad Ass B-Bands (By: WyckoffMode).
Two Important Historical Facts about the indicators in the 2-Week time frame:
Historical Fact #1: BLUE TEXT BUBBLE Every time "both" Red and Blue Lines rise above Aqua Level 90, we tend to see the price action push up to proximity of the Red Upper B-Band in this 2-Week time frame. Red Upper B-Band currently at $71,358 at this writing.
Historical Fact #2: RED TEXT BUBBLE Every time in history in which the Red Line is above Aqua Level 90; we can see the Aqua Upper B-Band hold as support on a pullback. However, there are times the price may fall further. In which case, the White Upper B-Band will generally hold as support during our Macro Bull Trend.
The Aqua Upper B-Band is currently sitting at $51,940 at this writing and the White Upper B-Band is currently sitting at $45,925. But also keep in mind the "Upper" B-Bands are currently "rising." I'm pointing out the Upper B-Bands are currently rising because if we were to see a pullback soon, it may not be the current 2-Week candle but could potentially pull back the "next" 2-Week candle. Well, the price of the White Upper and Aqua Upper B-Bands the "next" 2-Week candle will be "higher" than what they are currently.
The price of the Aqua Upper B-Band the next 2-Week candle may be around $57,000 and the price of the White Upper B-Band the next 2-Week candle may be around $49,900.
I hope this video publication on the 2-Week time frame has been helpful.
Happy Trading and Stay Awesome!
David
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UPDATE:
If you're curious where we are on my Wyckoff Method 2.0 Macro Accumulation Schematic; we are currently working on Sign of Strength event #2 in Phase E. We can have many Sign of Strength events in Phase E of Accumulation. Just as we can have many Sign of Weakness events in Phase E of Distribution in Wyckoff Method 2.0.
The next chart is the chart I will be using once we finally get a 3-Day "close" above $73,000. The Fibonacci Tool used in this chart is "Based on Log Scale." The Fibs in the previous chart were NOT based on log scale. But this one is...
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UPDATE:
Just to clarify... When I said, High probability to go up to the Red Upper B-Band, I would prefer to imply within PROXIMITY of the Red Upper B-Band. Which is to say it "could" be close but not quite to the Red Upper B-Band. I identified a few places in which we were in PROXIMITY but did not HIT the Red Upper B-Band in the 2-Week chart below:
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UPDATE:
We have a chance to continue upward toward the Aqua Ascending Diagonal Line in proximity to $74,265. Will discuss in more detail after we get a new Daily candle approximately 4 hours from this writing.
Thanks for this great video! I have a gut feeling this cycle is going to be completely different from the others if we do break ATH before the Halving. Then I think this cycle might go crazier than ever but also for a shorter period of time. Wondering where we will be with July/August ;-)
If we do break the ATH before the block halving, I want to see how much higher than the ATH we actually go. It's still a bit too early to say either way what the rest of 2024 and all of 2025 will be like regardless of how high we go.
I still believe we will see $159,781 to $173,779 range at a minimum by Q4 of 2025. Yes, we can go higher.
Thank you! Have a nice weekend as well, mate!
Best and Stay Awesome!
< fist pump >
Bouwer2018
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Thank you David, for your time and your view on the TA. Have a nice time this bullrun.
JKM_Trading
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Quite the set up. Very impressive and insightful. Thanks mate
MyCryptoParadise_Nathan
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You’ve provided a comprehensive view of XRPUSDT’s market movement, with a keen focus on its recent performance and key technical indicators.
Kennyk2
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Hey!! Is there an updated version of Phoenix ascending?? My 2 week looks different than yours.. I have 2.312 Thank you!
I made Phoenix Ascending PUBLIC and the most recent version of Phoenix Ascending is PUBLIC. Simply go to indicators and enter "ascending" in the SEARCH and you will see Phoenix Ascending by WyckoffMode.