BTC Question is Sign of Weakness Still in Progress Explained
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Hi Everyone! I wanted to point out a Short Swing Signal was triggered in our Near Term Group of time frames. I also pointed out WHY we would be using the 24-hour time frame to close this Short Swing Position. Conditions to CLOSE this short position have not been met yet. Meaning, this SWING trade would still be open since 7 November 2022. What are the conditions to close the short position in the 24-hour? We would need the Green Line RISING and Greater Than level 20 "while" RISING. We would also need the Phoenix Ari RISING and Greater Than level 20 "while" RISING. We would also need the Red Line greater than level 7. We have NO REQUIREMENT on rising or falling for the Red Line when opening OR closing trades.
Yes, I also covered a price range WHERE we may continue falling to. That range is $14,677 to $13,777. Yes, we can fall lower.
Hope this publication was helpful.
If you don't mind, SMASH that like (boost) icon to show your support. Would be very much appreciated.
Happy Trading and Stay Awesome!
David
Yes, I also covered a price range WHERE we may continue falling to. That range is $14,677 to $13,777. Yes, we can fall lower.
Hope this publication was helpful.
If you don't mind, SMASH that like (boost) icon to show your support. Would be very much appreciated.
Happy Trading and Stay Awesome!
David
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UPDATE:2021/2022 Distribution Scheamtic:
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UPDATE:Here is our 2018 Distribution; 2019/2021 Accumulation and 2021/2022 Distribution Wyckoff Method 2.0 Schematics all on one single chart:
Entire History of Bitcoin using Wyckoff Method. However, no details of events within each phase of each Distribution and Accumulation Schematic:
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UPDATE:Here is a link to a BASIC tutorial on Wyckoff Method: school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
BE ADVISED: Wyckoff Schematics have become more complex since the days of Richard D. Wyckoff (Top 5 Analytics TITAN of his day). This is why I've made improvements to Wyckoff Method by analyzing new market behavior of our modern day with tools Wyckoff only dreamed of. This is why I call my methods, "Wyckoff Method 2.0."
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UPDATE:1-Month Time Frame:
Here was a publication about the 1-Month time frame I posted July 1, 2022:
BTCUSD: Not Looking Good in the 1-Month Time Frame - Explained
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UPDATE:Yes, I created another video publication:
BTCUSD: Let us Talk Stages of Expansion Down with Phoenix
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