Topic: Wyckoff Mode Technical Analysis - page 14. (Read 12119 times)

Have a look at the following two publications to see how ETHUSD is doing to get further perspective of BTCUSD:

ETHUSD - “$194 to $224 Till 6-Day Candle of Feb. 6th or Feb. 12th.”
https://www.tradingview.com/chart/ETHUSDT/QRrxTBjg-194-to-224-Till-6-Day-Candle-of-Feb-6th-or-Feb-12th/

ETHUSD - “Two Possible Scenarios Till Feb. 6, 2020 or Feb. 12, 2020.”
https://www.tradingview.com/chart/ETHUSDT/zvYCvcCM-Two-Possible-Scenarios-Till-Feb-6-2020-or-Feb-12-2020/

Mid Term: Upward pressure remains till the 6-Day Candle beginning February 6, 2020 or the 6-Day Candle Beginning February 12, 2020. We will have a better idea which may be the case as we get closer to February 6, 2020. Yes, we will see little dips along the way during this upward pressure. So, if you think about shorting, please realize any downward moves that occur will likely be shallow. You really need to know what you're doing with the indicators to try to navigate potential short trades with low (3x) leverage while we go up. If you're a novice, consider staying long.

Short Term: We see in the 12h and 18h time frames that we do not necessarily see a CHANCE of a decent drop until the 12 hour candle beginning at 12:00 noon UTC (London) Time on January 30, 2020 or the 12 hour candle beginning at 00:00 (midnight) UTC (London) Time on January 31, 2020. So, any downward dips up to those times will likely be shallow if you are thinking about shorting. Would probably be better to hold your current long positions and prepare to add another long position on the next dip beginning on or around the date and times previously mentioned in regard to the 12 hour time frame.

Long Term: The Monthly White Energy is quickly approaching the 50 percent level. If I remember correctly, I think it was around 47 percent and rising. We should see the White Energy cross above the 50 percent level on the next Monthly Candle beginning in February. Which means we SHOULD see an EXPONENTIAL RISE BEGIN IN THE MONTH OF FEBRUARY, 2020.

EDIT: VERY IMPORTANT CORRECTION FOR NEAR TERM:

PRIMARY FIB COORDINATES:


SECONDARY FIB COORDINATES:


LOCAL VIEW OF PRIMARY AND SECONDARY FIB's:

Sure... You're very welcome!

Certainly appreciate the support!   

Thank you 
Thank you for keeping me up to date always

$9,948.98 to $12,654.50 by 9-Day Candle Beginning Feb. 15, 2020."  Posted 10 hours ago.  Be sure to check out charts with comments in the comments section.
https://www.tradingview.com/chart/BTCUSD/BB9qpkef-9-948-98-to-12-654-50-by-9-Day-Candle-Beginning-Feb-15-2020/

If you missed the LIVE Stream posted on January 26, 2020, you can watch a RECORDED version of it at the following link.  The analysis did not begin until we get to the 39 minute mark of the LIVE Stream.  BE SURE TO UN-MUTE by clicking the volume icon.  The volume is muted by default.  Fast forward to the 39 minute mark. https://www.tradingview.com/streams/zFk-pXnxD9S67wiw84O0r/

3-Day = White Energy is near exhaustion at 16% ... The Stochastic RSI is likely to bounce up off of the Red 80% level when the White Energy in the 3-Day exhausts and turns back upward.

6-Day = Red RSI is at 63% (above 55 percent) and the White Energy is at 78% and falling. However, we do not anticipate a CHANCE of a significant drop until the White Energy reaches the 50% level BECAUSE the Red RSI is above 55 percent in the 6-Day TF. What we are seeing in the 6-Day TF also provides support for what was just mentioned in the 3-Day. Meaning, we see the White Energy at 16% in the 3-Day and likely to exhaust then turn back up in the 3-Day TF. Well, the White Energy in the 6-Day still has quite a while before reaching the 50% level. Which gives us plenty of time for the White Energy to exhaust in the 3-Day TF and reverse back to upward pressure.

9-Day = White Energy is super high at 105% level. Don't be surprised if the White Energy turns down then immediately turns right back up in the 9-Day without going below the 50% level in its near term. We still need the Red RSI in the 9-Day TF to CLOSE at 55 percent or higher to feel more comfortable about a LONG TERM bull trend BEGINNING. The Red RSI in the 9-Day is currently at 51% level and rising. I prefer it to close at 55% or higher in that high of a time frame to use our rule regarding no chance of significant drop until white energy crosses below 50 percent level. We have a NEW 9-Day Candle beginning tomorrow (January 28, 2020).

Will have a LIVE Stream going in 15 to 20 minutes.  I have the link going NOW.  However, I will not actually begin analysis for another 15 to 20 minutes.

https://www.tradingview.com/streams/zFk-pXnxD9S67wiw84O0r/

Hey dmwardjr, here is an updated chart with the coming future dates, maybe you can combine it somehow to your analysis:

"Upper $7K's is POSSIBLE at My Primary 0.786 FIB @ $7,820.37."  https://www.tradingview.com/chart/BTCUSD/GyOXtqgX-Upper-7K-s-is-POSSIBLE-at-My-Primary-0-786-FIB-7-820-37/

Currently, the Yellow 20-MA in the 2-Day is right at $7,840. The Yellow 20-MA in the 4-Day is approximately $7,720. So, yes... it is POSSIBLE to fall down to my PRIMARY 0.786 FIB at $7,820.37. It's always a challenge to provide a price target range during periods of upward or downward pressure. Determining WHEN we will have upward or downward pressure and for how long that pressure will last in a given time frame is quite easy. The challenge is to predict a price target range during those periods. I will provide a couple of charts (2-Day and 4-Day) in a while to point out what I have said in this paragraph.

LONG TERM: We are still in UPWARD PRESSURE. Is that CONFIRMED? Not necessarily... I would prefer to see the Red RSI in the Weekly and the 8-Day Time Frames to CLOSE ABOVE the 50% level. I simply believe it's highly likely they will CLOSE ABOVE the 50% level in the next Weekly and 8-Day Candles. This is why I stated in my previous publication that I do not see us falling back into the $6K's.

In the near term (right now) we are working on a brief dip before continuing up in our LONG TERM Upward Pressure. This is my opinion of course.

Comment: Update using the 2-Day Time Frame (TF):



Comment: Update using the 4-Day Time Frame (TF):

BTCUSD - NEW VIDEO PUBLICATION posted just now; titled, “We Are NOT Going to Re-Visit $6K Again; This is Brief Shakeout!”
https://www.tradingview.com/chart/BTCUSD/FsgOGHJ9-We-Are-NOT-Going-to-Re-Visit-6K-Again-This-is-Brief-Shakeout/

Hi Exstasie,

Thanks for dropping by.  I just caught up on some much needed sleep.

Here is a brief chart publication.  I'm working on a video publication in a few hours...

BTCUSD - Posted Just Now:  "Bearish Divergence in Lower TF's Do NOT Mean Significant Drop!"  https://www.tradingview.com/chart/BTCUSD/Q01rzNoT-Bearish-Divergence-in-Lower-TF-s-Do-NOT-Mean-Significant-Drop/

I ask myself the same question. What will happen now?

Yikes, bears really brought the hammer down off this 200-day MA! What do you make of it? Still seeing upwards pressure until the end of the month?



My gut says "shakeout" but I'm keeping on my toes here. That dump pushed my EW count to the limit, but it's still alive for now.

Here's the Daily Time Frame (BELOW) with a look at the White 200-Day Moving Average:  I will create a new Wyckoff Method Video Publication in the near future to address your "accumulation."

Thank you  
On the Weekly Chart we are above the 200MA and on the 1D under it. In your opinion, is this important to overcome the 200MA on the 1D chart?

This here looks very similar :


and now:



1-2 Year accumulation ? Like in 2014 to 2016 before the Bullrun starts ?

"Looking Like Upward Pressure Continues Till Last Week of January."  
https://www.tradingview.com/chart/BTCUSD/a5kQXqC8-Looking-Like-Upward-Pressure-Continues-Till-Last-Week-of-January/


3-Day Time Frame:

Hi Exstasie,

Nice EW chart.  Makes sense to me...

Yes, I'm expecting ETHUSD to get back on track.  Especially, if they are able to pull off POS.

Here's your request for DASHUSD.  I'm about to head out to my Mother-n-law's house to do more work on my office in her basement.  I'll add more charts and comments in different time frames a couple of hours after my arrival back home.

"DASH Has Run Up Fast But May Not Consolidate Till January 25th."  https://www.tradingview.com/chart/DASHUSDT/zDXokltt-DASH-Has-Run-Up-Fast-But-May-Not-Consolidate-Till-January-25th/

Despite our very different styles of analysis, I'm thinking the same thing. I see us continuing to uptrend until late January or early February, when we will likely see a time correction. This correction will hopefully confirm our long term MAs as support:



Thanks for sharing. I'm thrilled to see altcoins showing some life again. I'm particularly interested in ETH, given its strong position in the ecosystem and its plans for proof-of-stake (which should create new market incentives for accumulation).

Any thoughts on DASH? Really insane performance this year. Feels a bit like "too far, too fast".....