Analyzing OMGBTC - BINANCE to Try to Determine Which Wyckoff...

BINANCE:OMGBTC   OmiseGO / Bitcoin
...Accumulation Schematic we are following.

Copied and pasted again in case TV scrunches up the chart on initial posting.

Here is a link to an image of Wyckoff Accumulation Schematic #2:

I want you to find the Accumulation Schematic #2 in this link to "Basic" teachings of Wyckoff Methods: and follow it to a tee.

Another chart with indicators included coming up shortly...
Comment: The purpose of this chart is for viewing "indicators only." NOT the price action and text bubbles with the chart on the price action.

Comment: Keep in mind, this could go up higher. Hence, the "???" on Automatic Rally and PS (Preliminary Support).
Comment: Still looking like this one "might" come down more. How much more is unknown.

Comment: I'm expecting OMG to also come down to establish a SECOND support line as well. Doesn't mean we have to. I'm simply expecting it.

Comment: Previous chart was a 2-Day TF; here is a Daily TF with original text bubbles left on the chart to allow you to see the progress since I first created this publication.

I believe the 2-Day TF gives a more accurate presentation of progress with price movement with WHERE it is located during its progression in regards to a Wyckoff Price Cycle:
Comment: A Wyckoff Price Cycle is also mentioned in this publication. You will need to scroll down just a little to see it:
Comment: 2-Day TF Update:

That's hell of a wild guess, let's see how it goes, I'm HODLing

It could do similar to DECRED and take off without establishing a 2nd support line. Not many do though. Most come down to establish a 2nd support line. Especially, if they're an ALT/USD pair. However, this is an ALT/BTC pair.

Yes, we'll see how it plays out over the month of February.
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You're welcome
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