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Hi Everyone! Simply pointing out we are on the verge of seeing a "Sign of Strength" (SOS) confirmed the NEXT 9-Day and 12-Day Candles. The NEXT 9-Day candle begins January 10, 2021 and the NEXT 12-Day Candle begins January 13, 2021. We are currently experiencing upward pressure over the next several days. Does this mean the price action must go up "significantly" during a period of upward pressure? NO!!! It's POSSIBLE the price action can remain within a trading range during this period of upward pressure and we see a brief shakeout afterwards; just before resuming the upward pressure we are currently seeing in the 9-Day and 12-Day time frames. The same goes for ETHUSD and ADAUSD... They too may go sideways within a trading range during this current period of upward pressure and have a brief shakeout before resuming the upward pressure seen in the 9-Day and 12-Day time frames.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
INFORMATION ON UPCOMING WEBSITE: https://bitcointalk.org/index.php?topic=5140701.msg55678207#msg55678207
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Referral Link: https://www.tradingview.com/gopro/?share_your_love=WyckoffMode
NOTICE: https://twitter.com/ModeWyckoff/status/1349721757008224257
Comments
ETH down roughly 78% against BTC leading up to the first week of 2017
LINK down roughly 79% against BTC leading up to the first week of 2021
But I hope you are right, of course.
I haven't watched all the videos yet but I will catch up at some point.