Wyckoff Mode Technical Analysis - page 17.

Wind_FURY

legendary

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Quote from: dmwardjr on December 23, 2019, 09:05:51 PM

Quote from: exstasie on December 23, 2019, 06:20:51 PM

Quote from: dmwardjr on December 22, 2019, 11:07:31 PM

This "GAP" in the CME FUTURES CONTRACTS (BTC1) is likely to get filled sooner rather than later when looking at the 12h TF: The 12h chart is at the bottom of the previous page.

That gap is being filled as we speak. CME just hit $7,290. Very nice call!

I was hoping to see some stronger momentum towards $8K before seeing a nasty high volume wick on the 4-hour like this. Watching your latest video right now to get some more insight. Cheers.

Thanks, Exstasie!

Yes, we still have more downward pressure. However, I'm not expecting us to visit the $6k's again. Of course I could be wrong but right now it's not looking like we will. I'm thinking the low $7k's is our floor for the next several days while in a trading range before legging up higher from current trading range.

Stay Awesome!

David

I believe it would be a better idea to express probabilities of what will, what won't happen based on your technical analyses.

What is the probability that Bitcoin will NOT visit the $6,000s again?

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

Quote from: exstasie on December 23, 2019, 06:20:51 PM

Quote from: dmwardjr on December 22, 2019, 11:07:31 PM

This "GAP" in the CME FUTURES CONTRACTS (BTC1) is likely to get filled sooner rather than later when looking at the 12h TF: The 12h chart is at the bottom of the previous page.

That gap is being filled as we speak. CME just hit $7,290. Very nice call!

I was hoping to see some stronger momentum towards $8K before seeing a nasty high volume wick on the 4-hour like this. Watching your latest video right now to get some more insight. Cheers.

Thanks, Exstasie!

Yes, we still have more downward pressure. However, I'm not expecting us to visit the $6k's again. Of course I could be wrong but right now it's not looking like we will. I'm thinking the low $7k's is our floor for the next several days while in a trading range before legging up higher from current trading range.

Stay Awesome!

David

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: dmwardjr on December 22, 2019, 11:07:31 PM

This "GAP" in the CME FUTURES CONTRACTS (BTC1) is likely to get filled sooner rather than later when looking at the 12h TF: The 12h chart is at the bottom of the previous page.

That gap is being filled as we speak. CME just hit $7,290. Very nice call!

I was hoping to see some stronger momentum towards $8K before seeing a nasty high volume wick on the 4-hour like this. Watching your latest video right now to get some more insight. Cheers.

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

BTCUSD - NEW VIDEO Publication posted JUST NOW, titled, "No Shame Waiting Longer for Long Entry. See Downward Pressure In Near Term Before SUSTAINED Upward Pressure." https://www.tradingview.com/chart/BTCUSD/oYxLDN9S-No-Shame-Waiting-Longer-for-Long-Entry-See-Downward-Pressure/

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

BITCOIN CME FUTURES 3h TF Nearing Exhaustion! See Text Bubbles: https://www.tradingview.com/chart/BTC1!/SMfwMZSl-CME-FUTURES-3h-TF-Nearing-Exhaustion-See-Text-Bubbles/

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

This "GAP" in the CME FUTURES CONTRACTS (BTC1) is likely to get filled sooner rather than later when looking at the 12h TF: The 12h chart is at the bottom of the previous page.

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

We could fill a gap in the CME at $7,220 when looking at the 12h time frame.

dmwardjr

legendary

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Technical Analyst/Trader

A look at the Daily...

dmwardjr

legendary

Activity: 1302

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Technical Analyst/Trader

"$8,000 to Come Soon With $9,000 at the 50-MA in 3-Day @ Year End." https://www.tradingview.com/chart/BTCUSD/nGKpExlP-8-000-to-Come-Soon-With-9-000-at-the-50-MA-in-3-Day-Year-End/

First look at the indicators in the NEW Weekly Candle...

Close-Up View of the White Energy in the NEW Weekly Candle...

Close-Up View of the Stochastic RSI and Phoenix Ari in the NEW Weekly Candle...

Here's a look at the 3-Day "with" indicators:

A closer look at the moving averages in the 3-Day TF:

Potential Targets with their approximate dates at the bottom of the Vertical Time Lines at the bottom of this 3-Day Chart:

dmwardjr

legendary

Activity: 1302

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Technical Analyst/Trader

Simply posting a reminder of the White Energy in the Weekly Time Frame (TF). We have a new Weekly Candle beginning in less than 14 hours according to UTC (London) Time; which is "Exchange Time" for BitStamp.

REMINDER: We want the White Energy to CLOSE "above" the 50 percent level in this Weekly TF in order to stand a decent chance for a substantial move to the upside. This, in turn, can allow the White Energy in the 9-Day, 12-Day and 2-Week TF's "TIME" to climb up to and ABOVE the 50 percent level. Which would result in quite a substantial move to the upside over the next 6 months.

dmwardjr

legendary

Activity: 1302

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Technical Analyst/Trader

Added one more note on the Blue LSMA (Least Square Moving Average) in the 9-Day Time Frame:

dmwardjr

legendary

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HISTORICAL SUPPORT in the 9-Day Time Frame to emphasize the significance of the White Energy CLOSING "ABOVE" the 50 Percent Level.

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

An Argument can be made the bottom is "IN" when looking at the Weekly and the 9-Day TF. However, I would feel a bit more confident about it if we could see the White Energy in the Weekly CLOSE ABOVE the 50 percent level. It's currently at 38 percent.

dmwardjr

legendary

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Technical Analyst/Trader

6h TF one more time:

dmwardjr

legendary

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Technical Analyst/Trader

Another look at the 6h Time Frame:

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

BTCUSD - NEW VIDEO PUBLICATION; Titled, "Bitcoin Outlook to December 27, 2019 - Possible $8k in Near Term." https://www.tradingview.com/chart/BTCUSD/Bq6Oji6q-Bitcoin-Outlook-to-December-27-2019-Possible-8k-in-Near-Term/

Keep in mind, we are still experiencing downward pressure at the moment. HOWEVER, we COULD see another bounce up again very soon to test the Aqua Blue 100-MA in the 12h time frame at around the $8,000 price point.

Here's a look at the 12h TF:

Here's a look at the 6h TF:

dmwardjr

legendary

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Technical Analyst/Trader

I'm going to begin keeping up with the CME FUTURES CONTRACTS BI-ANUAL as well...

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

Quote from: Wexlike on December 17, 2019, 03:30:42 PM

[img width=1000]https://i.imgur.com/8zNUqPq.jpg[/img

The end of the 6 month CME contract also lines up very well to your final downward pressure point. I'm getting my last fiat reserves ready for the coming 10 days.

Do you mind if I share your chart in my most recent Video Publication on TradingView? Do you have a TradingView account? If so, may I share your user name to provide source of the chart and credit?

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

Quote from: Wexlike on December 17, 2019, 03:30:42 PM

The end of the 6 month CME contract also lines up very well to your final downward pressure point. I'm getting my last fiat reserves ready for the coming 10 days.

Excellent Chart! Thanks for taking the time to create it and sharing it! I've never taken the time to look for Fundamental Analysis like what you just shared. I definitely see the correlation now.

Wexlike

legendary

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The end of the 6 month CME contract also lines up very well to your final downward pressure point. I'm getting my last fiat reserves ready for the coming 10 days.

Topic: Wyckoff Mode Technical Analysis - page 17. (Read 12112 times)