WyckoffMode

Upward Pressure Dominates; May Not Have Significant Dip Mid Feb.

Long
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
If you watch the video, you will see once I get into the 5-Day, 6-Day, Weekly and 9-Day Time Frames that Upward Pressure WILL CONTINUE TO DOMINATE at least till last week of February to First Week of March before we have a chance of a significant dip of $1,000 or more. We will need to see what the White Energy does in the 3-Day Time Frame when we have a NEW 3-Day Candle begin on February 9, 2020. However, I prefer to wait until February 10, 2020 to see if what the White Energy does before providing another update for BTCUSD. If that White Energy in the 3-Day TF continues going up on February 10, 2020 with no sign of coming down anytime soon, we likely continue pushing upward till last week of February to first week of March before we finally see a chance of a significant dip of $1,000 or more THEN CONTINUE GOING UP TO AT LEAST MID APRIL, 2020.
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THE ALL IMPORTANT 3-DAY TIME FRAME:

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We have a NEW 3-Day Candle. Which means the indicators have updated in the NEW 3-Day Candle. However, we need to wait until we are at least half way through the NEW 3-Day Candle to get a bit more reliable signal from it. WHY? Because enough time has not yet elapsed to create enough volume to POTENTIALLY get the White Energy in the 3-Day TF to turn UP. It's currently angled downward. However, it COULD turn upward by the time we are half way through the NEW 3-Day Candle. Which could POTENTIALLY change the trajectory in which the White Energy EVENTUALLY comes down to make contact with the 50 percent level; resulting in a BRIEF reversal of downward price action.
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Correction made on SUPPORT level:
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IF WE RUN UP TO... WHERE WE MAY PULL BACK TO...
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Made a MINER CORRECTION on WHERE we pull-back to IF we run up to the Blue Range:

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Curious if SOMETHING LIKE THIS ends up playing out...


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