I've changed my price point to tentatively be a price range of $150.99 to $153.18. This could change as price action plays out. Do not assume we are in a local ascending wedge in the 3h or 4h time frame. We COULD actually be in an ascending channel instead of an ascending wedge.
This is going to be a LONG drawn out 30 to 45 days as we slowly stair step down to test support at the $100 to $110 price range. We may make it to that price range over the next 30 days; then go sideways within a $7 to $10 trading range for another 14 to 21 days before FINALLY beginning another Simple Rally again in the Month of May. This is my opinion of...
Yes, we can expect upward pressure today and possibly into mid-day tomorrow before we then see a reversal to downward pressure to test support between $100 and $110.
...Pressure Continues Until on or Around March 15th; Where we Begin to Fall Back Down to Test Support Around $115.00.
ETHUSDT appears more likely to continue with upward pressure till on or around March 15th than BTCUSD does. To me, this provides more support for BTCUSD in regards to it likely continuing with upward pressure until on or around March 15th. BOTH...
The next 45 to 75 minutes may continue with downward pressure before we begin seeing upward pressure again; when looking at the 22 minute time frame. We can expect more sideways price action at worst or an upward move over the next 9 to 15 hours; when looking at the 6h and 12h time frames.
Apologies for having been away. I've been SUPER BUSY with business taxes...
There's a SLIGHT chance for one more spike up to Test Resistance at $160 to $170 level (when looking at the 10-Day and 7-Day time frames). However, it's not looking too promising at the moment. If we see a change in the indicators a couple days from now indicating a better chance probability for one last test of resistance, then an update may be provided to...
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.
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.
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.
I used the 4-Day, 3-Day, 2-Day, Daily, 12h and 6h time frames in this video publication to give an idea what EVENTS have occurred within a Wyckoff Accumulation Schematic and what EVENT (Simple Rally) is yet to come.
It's POSSIBLE we could see one more small dip or more sideways for a while before finally going up with our Simple Rally. I'm not prepared to say,...
Yes, we currently see downward pressure in the lower Time Frames. However, I believe this episode of downward pressure will last 5 to 29 hours then we turn back up for one more push before finding peak on our Automatic Rally between $168 and $193.
Posting "Related" idea below...
Right now I think everyone sees the same thing: A big ole wedge setting up on ETHUSD...now I hate to burst your bubble, but I don't think it's ready to head higher just yet. As we speak Ethereum, Bitcoin and the rest of the market after a rather quiet day has started to sell into the last hour of the session. We're at a pretty key decision point here in the...
Hi there, Very nice flag is forming there, Watch for the strong breakdown and keep selling for the short term.
In case price break up and close above the previous high then before you sell it watch for the impulse and then sell.
For buying make sure you see the Trend Continuation Pattern on bigger time frame like 4HR before you buy. Because the way price is...
Sorry for the lag in the video, my computer really sucks.
I waited a long time to publish this, not knowing if it was a good idea. Now, I think I may have waited too long, because we don't have the data for the minute charts anymore from when this event happened. Luckily, I took screenshots.
When South Korea announced that they might ban cryptocurrency trading,...
In this video we highlighteda key support zone where price has retraced to and we should already start watching for buys. Sliding parallel and previous stucture have already hold price after the instant bounce and most likely price will reach once again previous highs.
