BTCUSD: Casual Discussion on Current Price Action
Hi Everyone! In this publication, we focus on the Wyckoff Schematic for the most part. Yes, we do go to multilple groups of time frames to see potential price targets on moving averages in several time frames. In particular, the 50-MA in the 5-Day time frame. As well as the 100-MA and 200-MA in the 6-hour time frame. I'm assuming many of you are dollar cost averaging in and out of the market at times and many of you are simply dollar cost averaging in; without concern of selling after you have bought with a "portion" of capital you intend to use in your Bitcoin "investment."
Just bare in mind we still have a LOT of work to do with the Red RSI in the Near Term and Mid Term Groups of time frames. Could this be a reversal we are looking for that will REMAIN for a sustained period of time? I'll post some charts in this "description" in a few minutes on that topic.
Happy Trading and Stay Awesome!
David
Just bare in mind we still have a LOT of work to do with the Red RSI in the Near Term and Mid Term Groups of time frames. Could this be a reversal we are looking for that will REMAIN for a sustained period of time? I'll post some charts in this "description" in a few minutes on that topic.
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
Comment:
UPDATE:
Another point of view when looking at the historical diagonal support and resistance of the Aqua Diagonal Trend Line.
Another point of view when looking at the historical diagonal support and resistance of the Aqua Diagonal Trend Line.
Comment:
UPDATE:
200-MA in this 3-Day time frame currently at $35,190. This may be our future initial target.
200-MA in this 3-Day time frame currently at $35,190. This may be our future initial target.
5-Day time frame: