Hi Everyone! We do not know yet if we are in Phase E of a Descending Wedge Accumulation Schematic or if we are in the begin of Phase C in a 2-Tiered Accumulation Schematic.. We need to see how much of a pullback we experience; if any pullback; before we can draw a conclusion as to WHERE we are on the MACRO.
Keep in mind, the 3-Day, 4-Day, 5-Day, 6-Day and 1-Week desperately require the Green Line to turn up soon in order to avoid an expansion down event. Currently, the time frames mentioned suggest we are still in downward pressure. So, we must respect what the indicators are telling us if you are considering accumulating more Bitcoin at a lower price.
I hope this publication was helpful.
Happy Trading and Stay Awesome!
David
2-Tiered Accumulation Schematic:
Descending Wedge Accumulation Schematic:
Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week):
Keep in mind, the 3-Day, 4-Day, 5-Day, 6-Day and 1-Week desperately require the Green Line to turn up soon in order to avoid an expansion down event. Currently, the time frames mentioned suggest we are still in downward pressure. So, we must respect what the indicators are telling us if you are considering accumulating more Bitcoin at a lower price.
I hope this publication was helpful.
Happy Trading and Stay Awesome!
David
2-Tiered Accumulation Schematic:
Descending Wedge Accumulation Schematic:
Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week):