WyckoffMode

BTCUSD: Upward Pressure Dominates; Careful if Shorting.

Long
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! I know we just had a decent drop but I believe it was only a shakeout before a significant move to the upside. We see no sign of downward pressure yet for the Near to Mid Term as long as our Red RSI is above Level 56 and the White Energy is still rising with no sign of turning down yet in the 4-Day, 5-Day, 6-Day and Weekly time frames. Yes, we may see dips in lower time frames but we still have upward pressure in the higher time frames providing support with this positive Energy.

This publication is labeled "LONG" for the Near to Mid Term. Nothing in this publication covered the Scalping Group and Short Term Group of time frames.

Stay Awesome!

David
Comment:
UPDATE:

Comment:
UPDATE:

REMINDER: We want to have another look at the 9-Day time frame in 4-Days 13 hours.


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