Topic: Wyckoff Mode Technical Analysis - page 8. (Read 12112 times)

Looking at Mid Day March 9th to Mid Day March 10th for Reversal.  https://www.tradingview.com/chart/BTCUSD/sqJO6bXX-Looking-at-Mid-Day-March-9th-to-Mid-Day-March-10th-for-Reversal/

You're right because I have no idea about it too 
But @PlanB said "$8.2k bottom still stands. It would really be unprecedented if it breaks, never happened before. Note it has nothing to do with s2f."

https://twitter.com/100trillionUSD/status/1232710158486265857

Last Post from him on Twitter : "Remember last month's forecast that #bitcoin
will stay above $8200? So far so good and .. the indicator just flipped to $8600 (March close). Risky with btc now at $8475, but I like to share it as out-of-sample test. Note this is totally different from S2F!"

We'll see if the $ 8,600 can withstand now 

I agree with you there, mate!

I'm going to provide an update in a few hours.  In the meantime, you're welcome to checkout this video publication:  https://www.tradingview.com/chart/BTCUSD/eymqOrrq-BTCUSD-EDUCATION-for-My-Followers-IMPORTANT/

I will provide an update in a few hours on what I'm anticipating in the near future.  In the meantime, checkout the following video publication:  https://www.tradingview.com/chart/BTCUSD/eymqOrrq-BTCUSD-EDUCATION-for-My-Followers-IMPORTANT/

Hi Exstasie,

I'm going to provide an update here in a few hours on what I suspect is to come...  In the mean time, check out the following video publication:  https://www.tradingview.com/chart/BTCUSD/eymqOrrq-BTCUSD-EDUCATION-for-My-Followers-IMPORTANT/

i have no idea how to read his indicator. do you? it looks like pure chaos!



......so i'm taking it with a grain of salt. BUT the best traders i follow are still bullish as we head into the may halving, so his opinion (that the market will maintain $8600+ in march) seems sensible enough to me.

the backdrop of coronavirus FUD and its effect on the stock market adds a new element of fear, but overall this $8.4k-$10.5k ping ponging looks like a normal bull market correction. until the price is plunging below the 20wma and 200dma, the bulls are still in control.

Of course I understand you David too.

What do you say to PlanB's opinion ?

https://twitter.com/100trillionUSD/status/1234200157140475905

Thoughts on this bearish engulfing candle?



The market didn't like the taste of the $9,200s at all. We dumped back into last week's range on decent volume. The 200-day MA and 0.618 Fibonacci retracement of the March 1-7 uptrend both stand near $8,700. Seems like a reasonable target area. What do you think? Is that within the 'relatively tight trading range' you mentioned?

Thanks David!

Hi everyone, got my son a bicycle today. Then took him outside to learn how to ride it today. THEN I got some much needed sleep (about 6 hours). Here's an update using the 12 hour and 24h (Daily):

The 12h indicates we still have upward pressure for a while. Which means we will continue within a relatively tight trading range for a while at worse. The Daily has a CHANCE to continue with that upward pressure if the Red RSI can "CLOSE" at or above 56 percent in the NEXT Daily Candle. Which see...

ETHUSD - Highly Likely Sustained Upward Pressure Began March 1st. https://www.tradingview.com/chart/ETHUSDT/vpSZBp9A-ETHUSD-Highly-Likely-Sustained-Upward-Pressure-Began-March-1st/

Since ETHUSD is looking bullish in the 3-Day; I believe this provides more support for BTCUSD to also be in a bull trend once again.  Those who wish to short BEWARE.

My "MINIMAL" Price Target is $376.23. However, we COULD go quite a bit higher. We will have to keep a close watch on the White Energy and the Red RSI as the price continues to rise.

Here's the price target range we are looking at in the near future:

Hi JL0,

I'm only providing my "opinion" for now in my publications on TradingView and on other various social media platforms.  I had to stop all the PM's (Personal Messages) I was getting on TradingView because I was getting hundreds of PM's DAILY with people asking for exit (sell/short) and entry (buy/long) price points.  It got to the point where I had no time for myself because I was spending 12 to 16 hours a day chatting with people in PM's.  So, in order to get my LIFE back, I had to put a stop to doing that on all social media; including TradingView.

I will have a website going LIVE in the near future in which I will provide subscriptions for BASIC and PREMIUM accounts.  BASIC subscribers will get signals only... that's it.  PREMIUM subscribers will get signals -AND- access to education and my indicators.  Most of the education will be in organized recorded audio/video format.  There will be some written educational material with charts.  PREMIUM subscribers will also have access to LIVE STREAM education where we will discuss how to use the indicators for different TYPES of trading during LIVE TRADING.  Those LIVE STREAM Trading Sessions will be recorded so PREMIUM subscribers who missed it when LIVE will be able to watch the recording.

Creating that website is the best way I know how to make it a win/win for me and my TIME I value with my family; while still providing what followers/subscribers want in the form of signals with or without education.  Doing it that way will make it much easier for me to tell hundreds; if not thousands; what they desire to know and/or learn on an organized platform.  I can say something one time and it's recorded forever for all subscribers to see without the need for me to repeat myself many times to multiple people in PM's. Etc... Etc...

David

David I am not a trader and wanted to ask you if I should rather wait until tomorrow to buy ? I could need your advice and thanks for the daily update's.

3-Day Time Frame:

ETHBTC 3-Day (Far right) is next to ETHUSD 3-Day (Right of Center) - They both look like they have room to push back up.

BTCUSD - "Reversal Likely Began March 1st; May be Obvious by March 7th." https://www.tradingview.com/chart/BTCUSD/czdeu0Ti-Reversal-Likely-Began-March-1st-May-be-Obvious-by-March-7th/

There's another way to look at the situation, Have-a-stop-loss-in-place = Start-looking-for-Buy-the-dip-and-HODL-opportunities. Or am I the only one?

IMPORTANT:  "May Have a Push Down Next 6h Candle; Have Stop Loss in Place." https://www.tradingview.com/chart/BTCUSD/ozRyjkDx-May-Have-a-Push-Down-Next-6h-Candle-Have-Stop-Loss-in-Place/

There are always altcoins that outperform Bitcoin because of low-liquidity, less-efficient price discovery, plus the standard whalecumulator-manipulation and pleb-FOMO.

Makes perfect sense...  Thanks for taking the time to explain it.

The thing is I do not trade Alt-Coins below the top 20 in market cap.  Also, some of those top 20 in market cap I do not trade.  I'll have a look at ETHBTC and LTCBTC after a while and let you know what I'm seeing.