WyckoffMode

BTCUSD: $51K NEXT Weekly Candle Still Very Possible Indeed

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi Everyone! I pointed out several things in this video of WHY we could still see $51K the NEXT Weekly Candle that begins in approximately 9-hours from now. So, if you are considering opening a margin long, PLEASE be super careful. The Blue LSMA in the 12-hour needs to rise up along WITH the Red RSI . However, currently, it is NOT doing that. We will know more the NEXT 12-hour candle that begins in approximately 9-hours from now.

We still have upward pressure in our Mid, Long and Macro Groups of time frames. Our 2-Month time frame even suggests we could potentially see our Long Term Wyckoff Accumulation continue into the 2-Month candle beginning May 1, 2022. First things first... We need the current 2-Month candle to "CLOSE" with the Red RSI making contact with the Green Line WHILE the Green Line is going "UP."
Comment: UPDATE:

Here is the Near Term Group of time frames:

We see the Red RSI and Blue LSMA have been below Level 50 in the 12-hour and 24-hour time frames. Which is WHY our price action has remained BELOW the Yellow Dotted B-Band Basis as long as it has thus far in the 12-hour and 24-Hour time frames.

You can also see how we lost support of the White UPPER B-Band in the 4-Day, 5-Day and 6-Day time frames once the Red RSI fell below Level 80. We are on the verge of the Red RSI potentially falling below Level 80 the NEXT Weekly candle. If it does, we can lose SUPPORT of the White UPPER B-Band in the Weekly time frame. So, PLEASE be careful if you are currently in a Long Position at or near the current price.

Comment: UPDATE:

Can this be averted; in regard to potentially falling down to the Yellow Dotted B-Band Basis in the Weekly (20-Week Moving Average)??? Yes, but in order to do so, we need to see the Red RSI and Blue LSMA in the Short Term Group of time frames begin rising above Level 50; creating expansion of the B-Bands and price action going UP with expansion of the B-Bands. I've said this many times. So, you kindergarten trolls out there who only want to read titles and not bother watching the video or reading in the content in the description are denying yourself the opportunity to actually LEARN something. Don't let your BIAS keep you from LEARNING... Try humbling yourself and be OPEN MINDED for once; if you can manage to do so. However, if you insist on continuing to be the TRASH of the internet, be my guest... It's your loss... not mine...
Comment: UPDATE:

If we do end up losing support of the White UPPER B-Band in the Weekly time frame, I wanted to REMIND you it may not show itself until one or two 8-hour candles AFTER the CURRENT 8-Hour candle.

The Blue LSMA in the 2-hour, 3-hour and 4-hour are still decently high; offering a CHANCE to avert falling to the 20-Week Moving Average. However, things can change quickly; as pointed out in the video for those time frames. REMEMBER: We are EXPANSION HUNTERS... Make sure you are on the right side of EXPANSION in the 2-hour, 3-hour and 4-hour if you are margin trading.

Here is the Short Term Group of time frames: 30-min. 60-min. 90-min. 2-hr. 3-hr. 4-hr. 6-hr and 8-hr.
Comment: UPDATE:

Weekly Time Frame:

Comment: UPDATE:

Added one more note to the Weekly:

Comment: UPDATE:

15 hours before Black Friday event on TradingView Begins. Great opportunity for a great discount.

Here's the link:
https://www.tradingview.com/black-friday...
Comment: IMPORTANT UPDATE:

BTCUSD: IMPORTANT Clarification 12-hour and 24-hour Time Frames
Comment: UPDATE:

Those who are new followers interesting in using the indicators can find out how to add them to your charts in the following video:

Setting Up Indicators in Multi-Chart Window for Multiple Groups
Comment: UPDATE:

I had my previous post regarding TV Coin Donations removed.

WHY?

Because there was simply miscommunication between TradingView STAFF and TradingView SUPPORT regarding Black Friday Discounts with TradingView Coins.

The issue has been resolved and TradingView has good things to come with TradingView Coins in the future.

I appreciate the donations many have provided over the past couple of years since the creation of TradingView Coins.

So, please disregard my previous comment on donations. I should have contacted STAFF before jumping the gun after my communication with support.

Stay Awesome!

David
Comment: UPDATE:

Earlier today, I contacted support to request if they would please give me the 60% Discount to renew my Premium subscription and the reply was disappointing:

“Hi David, thank you for contacting us! Unfortunately, this year it is not possible to purchase a plan during Black Friday Sale by coins.”

I “should” have contacted STAFF to see if they would let me before acting a fool. What do I mean by saying, “…before acting a fool” ???

Look at it this way, if someone came into my comments and said, “Your indicators are worthless…” I would take offense.

Well, I should NOT have said, “TradingView’s coins are worthless.” THAT was totally uncalled for. I simply was NOT thinking of how TradingView founders and developers would feel from such a statement.” I told a developer what I said and asked him to remove it. I was quite rude for saying what I said. Also, it’s simply not true. They are worth something and more options will be available in the future.

Anyway, I just want everyone to know I was totally out of line for saying what I said and I’m TRULY SORRY.

What I’m about to say is not to flatter anyone. What I’m about to say is honestly the TRUTH. Which is, TradingView has the best platform and the planet and they are second to NONE. I know because I have checked out others. They all have their advantages and disadvantages but as a whole, one cannot go wrong choosing TradingView as your means of practicing your Analytics and Trading.

Those who are here made the right choice of signing up here. I’m happy you are here with me and hope to be blessed to be here with everyone many more years to come.
Comment: UPDATE:

CORRECTION:

Earlier today, I contacted support to request if they would please give me the 60% Discount to renew my Premium subscription with my TradingView Coins and the reply was disappointing:

“Hi David, thank you for contacting us! Unfortunately, this year it is not possible to purchase a plan during Black Friday Sale by coins.”

I “should” have contacted STAFF to see if they would let me before acting a fool. What do I mean by saying, “…before acting a fool” ???

Look at it this way, if someone came into my comments and said, “Your indicators are worthless…” I would take offense.

Well, I should NOT have said, “TradingView’s coins are worthless.” THAT was totally uncalled for. I simply was NOT thinking of how TradingView founders and developers would feel from such a statement.” I told a developer what I said and asked him to remove it. I was quite rude for saying what I said. Also, it’s simply not true. They are worth something and more options will be available in the future.

Anyway, I just want everyone to know I was totally out of line for saying what I said and I’m TRULY SORRY.

What I’m about to say is not to flatter anyone. What I’m about to say is honestly the TRUTH. Which is, TradingView has the best platform and the planet and they are second to NONE. I know because I have checked out others. They all have their advantages and disadvantages but as a whole, one cannot go wrong choosing TradingView as your means of practicing your Analytics and Trading.

Those who are here made the right choice of signing up here. I’m happy you are here with me and hope to be blessed to be here with everyone many more years to come.
Comment: UPDATE:

Bottom Line:

I would NOT be where I am today without
@TradingView

PERIOD...

And for that, I'm thankful...

I took their platform for granted... Not chilling out and really really thinking of the VALUE I've received from the platform all this time.

I've spent years giving content away for free, and I'm confident you will be successful with the information revealed so far, but if you are truly interested in unlocking the knowledge of my indicators, consider subscribing to https://www.wyckoffmode.com