Appears my FIRST scenario mentioned in my previous publication may be the scenario that plays out. Meaning, we've already witnessed our Selling Climax; went up for an Automatic Rally; came down for a Second Test to complete Phase A of Accumulation and now beginning Phase B with a "Simple Rally" up to or near the Preliminary Support Range identified by the long...
All the text bubbles speak for themselves. I'll post the chart again (below) incase TV's platform scrunches up the cover chart to this publication. This way you can view the chart as I see it. TO BE CLEAR: THIS PUBLICATION IS POSTED AS A "LONG" POSITION UP TO OR AROUND THE 100-DAY EMA (APPROXIMATELY $54.00); WHERE I EXPECT TO REACH EXHAUSTION AND POTENTIALLY...
The FIRST scenario is the one I've mentioned in previous publications that indicate we may "possibly" already be in accumulation. I've pointed out in previous publications with Moving Averages that we "MAY" be in accumulation and have already seen our buying climax. HOWEVER, When looking at FIB's rather than moving averages when comparing to "history," we must...
The price action may come down a bit lower to my 0.382 FIB at $98.00 then go sideways for a while then go down to the next lower FIB (0.236) at $90.00 just before we see a reversal to significant upside pressure between February 12th and February 26th. We are still experiencing downward pressure for the next 22 to 34 hours.
...Before we see a reversal to "significant" upside pressure. Downward pressure to continue for the next 24 to 36 hours. Expecting the price action to come down to my FIB at $3,287.37 and bounce around on that FIB for a while (going sideways) then may go down one more time to around $3,169.70 in mid to late February before we finally see a significant move to...
The 3-Day and 4-Day time frames seem to indicate downward pressure could continue until as late as February 26th to as late as the 4-Day candle beginning on March 2nd. Yes, we may see stints of upward pressure in the lower time frames while time is allowed for the Blue LSMA in Godmode on the 4-Day TF to come down and time for the Stochastic RSI along with the...
Downward Pressure to continue till around February 6th to February 15th before we see a chance for upward pressure. This is explained in the video with the 2-Day and 3-Day time frames. There's a chance our Second Test of Support in Phase A goes below the Selling Climax. It's "rare" for that to occur but it's possible. However, if the price action falls below...
We currently see more downward pressure is likely to continue when looking at the indicators in the 2-Day and 24h time frames (as noted in the video).
Hopefully, this additional information from the indicators with them both side-by-side will be helpful. FUNDAMENTAL ANALYSIS (FA). "Why Ripple (XRP) grew over 140% in September 2018 In 24 hours XRP’s price surged over 50% and there was a good reason behind this." - hackernoon.com
I may provide another publication with more time spent on lower time frames for XRPBTC. I did not spend much time at all in lower time frames in this particular publication. Here's the news article I referenced in the video for the pump we had in September 2018: "Why Ripple (XRP) grew over 140% in September 2018 In 24 hours XRP’s price surged over 50% and there...
I'm expecting the Price Action to fall down to around $0.038 to $0.034 Price range on our Second Test to mark the end of Phase A on or around January 31, 2019. Upon which we should reverse to upward pressure and begin Phase B with a Simple Rally to peak around the Preliminary Support Level Between $0.055 and $0.065 price range.
Looks like downward pressure will continue until some time between Jan. 29th and Feb. 2nd before we see an end of Phase A with a Second Test and beginning of Phase B with a Simple Rally. Our Second Test is expected to see it's bottom between the $91.00 and $103.80 price points before we see a reversal to upside pressure for a Simple Rally in Phase B.
We still see a chance for continued downward pressure in the very near future (by Jan. 31); which may push our price action down to around the $3,287 price point at my 0.236 FIB. We may then hang out around the $3,287 Price Point at the 0.236 FIB for five to ten days before finally concluding Phase A with our Second Test and begin Phase B with upward pressure for...
Downward Pressure Looks Like it may begin rather soon. Don't forget to set an alarm for same price level as your trailing stop to potentially get back in with NO MORE THAN 25% of your gains locked in with a Trailing Stop AND engage a trailing stop on the 25% you used to get back in "IF" it appears we may climb higher. I see about a 25% chance of it going to the...
The purpose of this publication is to point out differences in volume in present day compared to 2015 as the price action progresses through a Wyckoff Accumulation Schematic. I did not get into a lot of detail. I only delved into the details worth pointing out in regards to some thinking we must see a serious capitulation event with high volume before we see...
I used the Wyckoff Accumulation Schematic from 2015 to address the question I've had from others in regards to, "Will we go below $3,122 on Bitstamp?" Bitcoin History From 2011 to Present Day Using Wyckoff Method: 2012 Accumulation Schematic With Description of each Phase: 2015 Accumulation Schematic With Description of each Phase: For more information...
...While comparing to the Accumulation Schematic that began in 2015 in the Month of January. This video focuses ONLY on the higher Time Frames to try to get an idea if we have had our Selling Climax or if it has yet to occur.
Downward pressure will likely continue till Jan. 25 - 31, 2019 before we see a chance for a reversal to upward pressure. Which means we are still working on our 2nd Test of Support in Phase A. This also means we will not begin our Simple Rally in Phase B until some time between January 25th and 31st.