DOTUSDT: Potential Spring Followed By Test of Support Occured
Hi Everyone! From now until June 16, 2021, we will find out if we just witnessed a "Test of Support" that occurred shortly after a Wyckoff Spring. We can anticipate at least one LPS (Last Point of Support); which would be a brief pullback resulting in a HIGHER low before heading to HIGHER HIGHS as we work our way up toward Preliminary Support again to make an attempt with "Sign of Strength."
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
Comment:
Comment:
Comment:
UPDATE:
I made some adjustments for Phase A to make it easier to understand and also added a note to our "Back-Up/Last Point of Support" (BU/LPS) in regard to its potential "future" LOCATION.
I made some adjustments for Phase A to make it easier to understand and also added a note to our "Back-Up/Last Point of Support" (BU/LPS) in regard to its potential "future" LOCATION.
Comment:
UPDATE:
What I thought might end up being an Ascending Channel Re-Accumulation Schematic ended up being the old "Cup and Handle" Re-Accumulation Schematic.
Here is an example of an old cup and handle accumulation schematic when looking at BTCUSD in 2015 into 2016.
NOTE: We had multiple LPS's (Brief pullbacks) on the way up to Preliminary Support before we saw our "Sign of Strength."
If our analysis is correct (Us being in a Re-Accumulation Schematic), we should expect multiple LPS's on the way up to our "Sign of Strength."
What I thought might end up being an Ascending Channel Re-Accumulation Schematic ended up being the old "Cup and Handle" Re-Accumulation Schematic.
Here is an example of an old cup and handle accumulation schematic when looking at BTCUSD in 2015 into 2016.
NOTE: We had multiple LPS's (Brief pullbacks) on the way up to Preliminary Support before we saw our "Sign of Strength."
If our analysis is correct (Us being in a Re-Accumulation Schematic), we should expect multiple LPS's on the way up to our "Sign of Strength."
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UPDATE:
8-Hour time frame:
8-Hour time frame:
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UPDATE:
Looks like we may be going back up now...
Looks like we may be going back up now...
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UPDATE:
NO... Appears we will come down to my target range mentioned earlier of $20.92 to $21.12. Something like that... Think I mentioned it in other publication...
NO... Appears we will come down to my target range mentioned earlier of $20.92 to $21.12. Something like that... Think I mentioned it in other publication...
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UPDATE:
LOOK at the 8-hour...
LOOK at the 8-hour...
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UPDATE:
Added one more note to the 8-hour...
Added one more note to the 8-hour...
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Daily Time Frame:
Daily Time Frame:
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UPDATE:
Yes, price is currently coming down but anticipating finding support between $20.92 and $21.12.
Yes, price is currently coming down but anticipating finding support between $20.92 and $21.12.
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UPDATE:
2-hour time frame:
2-hour time frame:
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UPDATE:
An additional note for the 2-hour time frame:
An additional note for the 2-hour time frame:
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UPDATE:
Simply posting an update of the 2-hour for future reference.
Simply posting an update of the 2-hour for future reference.
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UPDATE:
One last update for the IMMEDIATE/SHORT TERM using the 90-minute.
Good Night...
One last update for the IMMEDIATE/SHORT TERM using the 90-minute.
Good Night...