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WyckoffMode
Oct 21, 2021 4:03 AM

BTCUSD: Remember, Remember the 5th of November... Long

Bitcoin / U.S. dollarBitstamp

Description

Hi Everyone! The time frames more worthy of note are the 4-Day, 11-Day and 12-Day. The 4-Day has potential for Stage 3 Expansion and price action going UP with expansion of the B-Bands. We are waiting for the Blue LSMA in the 11-Day and 12-Day to go above Level 50 to create cause for expansion of the B-Bands and price action to go UP with that expansion. It appears the Blue LSMA may "close" above Level 50 the 11-Day candle beginning "The 5th of November..." The candle AFTER that candle; we can anticipate potential significant expansion. The odds will be quite high for expansion at that point anyway.

This publication mainly focused on the Near and Mid Term Group of time frames. Therefore, the "Long" label I've tagged to this publication is for the Near, Long and Mid Term Group of time frames. I currently do not have the time to monitor and provide signals for Short and/or Immediate Group of time frames at present.

Happy Trading and Stay Awesome!

dAVID

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UPDATE:

MACRO Group:


Long Term Group:


Mid Term Group:


Near Term Group:


Short Term Group:


FIB Study Chart:


History of Bitcoin; Wyckoff Method:


Long Term Accumulation Schematic:


Near Term RE-Accumulation Schematic:

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UPDATE:

Current on-going Downward Pressure Races to consider watching...

3-Hr White Energy against the 6-Hr Red RSI - Can the White Energy in the 3-Hr rise above Level 50 to trigger upward pressure BEFORE the Red RSI in the 6-Hr can come down below Level 50 to trigger downward pressure?



4-Hr White Energy against the 8-Hr Red RSI - Can the White Energy in the 4-Hr rise above Level 50 to trigger upward pressure BEFORE the Red RSI in the 8-Hr can come down below Level 50 to trigger downward pressure?

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UPDATE:

We have a new 12-Hr, 24-Hr, 2-Day and 3-Day in approximately 4.5 hours.

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UPDATE:

Previously, we went up to the 3.618 FIB Extension Price Range:


Will this next time be the 3.618 FIB Extension Price Range or the 2.618 FIB Extension Price Range? We will look for exhaustion as the price goes up to try to determine which FIB Extension is potentially our TOP.

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UPDATE:

The last chart was the 3-Day instead of the 8-hour; mainly to show I use the highest wick and highest close in the 3-Day most of the time when determining a potential future target range for near, mid or long term. IMPORTANT: While my chart is in LOG scale, my FIB is "NOT" based on Log Scale.

Here's a look at the new FIB Extension price range projections in the 8-Hour.

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UPDATE:

5-Day time frame:

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UPDATE:

I see I'm getting messages again with request for access to the indicators. New followers may not be aware they can use these indicators and have access to them. I made them public for all to use. Watch the following video to learn how to add them to your charts.

Setting Up Indicators in Multi-Chart Window for Multiple Groups

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UPDATE:

NEW FOLLOWERS: Here's a source for BASIC knowledge on Wyckoff Method. I do not use "Point & Figure" to determine a target range for events within phases. I use Pitchforks with Fibonacci inputs for Diagonal target ranges and I use the Fibonacci Tool to plot lines for Horizontal target ranges. I also use the Bad Ass B-Bands indicator to help me with a price range of where the price may fall or may rise to.

school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method

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UPDATE:

FREE eBooks on trading and/or analytics...

Search "Richard Wyckoff" for four (4) of his books.

traders-software.com/Trading Books/

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UPDATE:

BTCUSD: Downward Pressure Continues for the Short Term Group.

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UPDATE:

BTCUSD: Remember... We Are Expansion Hunters...
Comments
aviha
Thank you David! I hope you will find the time to make a review on the ETH & LTC that broke their resistance yesterday...
WyckoffMode
@aviha,

I had a full day with my wife and son at the farm. Three hours of that was spent driving. We left at 10:00am and got back at 8:00pm. It is now 11:25pm. I thought I would provide another update for BTCUSD before I relax a bit and go to bed. I'll work on updates for ETH, LTC, BNB and ADA later (after i awake).

Thanks for your time and support!

Stay Awesome!
Joycejyeru
@WyckoffMode, Rest well, we will wait for your new video for ADA soon. Stay awesome!
aviha
Thanks! In ISRAEL it's morning :-) I will wait for it...
ovaiskhurshid2011
@aviha, ltc will be much appreciated :)
CeCeBreslin
Thanks David!

Great to see you having fun with the hater comments, and a sense of humour about it.

Haters are haters - winners are winners. And those two groups don't overlap.

Those of us here to learn love the "pathetic rambling" HA HA.

THANKS FOR TAKING THE TIME

CeCe
ddcakez
im loving how those scribbles look man, keep it up
Justin_stefan
The_Royal_Dutchman
nice intro David, laugh of the trolls :) though next level crayon drawing is pretty funny
CASTECHONE
As always I, and many others< await your TA's with anticipation. Keep up the good work, but remember to get rest; you are looking a little thin. Best to you and your family.
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