FTM: We Have Wyckoff Spring Event in Phase C
Hi Everyone! Yes, we have a Wyckoff 2.0 Spring Event in Phase C. However, it's POSSIBLE this "Spring" event may not be over yet. It's possible to continue falling down to around $0.1457 but no guarantee it will continue falling down to that price point.
In order to avoid continue falling down further, we need the Red and Blue Lines in the 12-hour to rise above level 20 to begin "contraction" of the B-Bands to encourage price action to rise up with this contraction. However, if we want to see increased odds of the price action "continuing" to go up, we need to see the Red and Blue Lines both rise above Yellow Level 50 in the 12-hour and 24-hour time frames.
Don't forget, it's common to see a "Test" of support AFTER a Wyckoff Spring event. Must we have a "Test" after a Wyckoff Spring? No... It's also common to see a "V-Recovery" after a Wyckoff Spring event when looking at the 3-Day time frame.
I also mentioned, "Anything below $0.20 cents is worth accumulating by buying out-right and taking off exchange to put in a hardware wallet for HODLING till we approach a Buying Climax in Phase E in 2025. This is my "opinion" of course and not financial advice.
Those looking to open a margin long to keep open until some time in 2025 should keep the leverage low with no possibility of liquidating the position unless the price falls below $0.09 cents.
I hope this publication was helpful. Take a moment to click the boost (rocket symbol) at the lower right corner of the publication to help this publication reach more people.
Happy Trading and Stay Awesome!
David
In order to avoid continue falling down further, we need the Red and Blue Lines in the 12-hour to rise above level 20 to begin "contraction" of the B-Bands to encourage price action to rise up with this contraction. However, if we want to see increased odds of the price action "continuing" to go up, we need to see the Red and Blue Lines both rise above Yellow Level 50 in the 12-hour and 24-hour time frames.
Don't forget, it's common to see a "Test" of support AFTER a Wyckoff Spring event. Must we have a "Test" after a Wyckoff Spring? No... It's also common to see a "V-Recovery" after a Wyckoff Spring event when looking at the 3-Day time frame.
I also mentioned, "Anything below $0.20 cents is worth accumulating by buying out-right and taking off exchange to put in a hardware wallet for HODLING till we approach a Buying Climax in Phase E in 2025. This is my "opinion" of course and not financial advice.
Those looking to open a margin long to keep open until some time in 2025 should keep the leverage low with no possibility of liquidating the position unless the price falls below $0.09 cents.
I hope this publication was helpful. Take a moment to click the boost (rocket symbol) at the lower right corner of the publication to help this publication reach more people.
Happy Trading and Stay Awesome!
David
Near Term Group (12h, 24h, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week): 12-hour is in bottom left corner. Why am I mentioning the 12-hour? We need the Red and Blue lines to rise above level 20 to begin contraction up. However, I prefer they continue rising abovve level 50 in the 12-hour and 24-hour to potentially mark the bottom is in.
We get a new 3-Week candle in 2.5 days. NOTE: The Red Line in the 3-Week is on the verge of falling down from White Level 30. Implying the price action has increased odds of falling down from the White lower b-band to the Aqua Lower B-Band at $0.1457. This is why I mentioned this Wyckoff Spring event may not be completed yet. The 3-Week time frame is in the bottom right corner.