BTCUSD: Still Looks Like Distribution Down to $14500 to $15600
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Hi Everyone! Yes, it has been a while since I've posted. I've been super busy working on something super special. That's all I'll say in that regard... BE ADVISED: Early in the video; I accidently said, "Aqua Level 90" WHEN I SHOULD HAVE SAID, "Aqua Level 10" for the Yellow K-Line of the Stochastic RSI. I will, at times, accidently mix up the white level 70 and level 30; the aqua level 10 and level 90; as well as the white/aqua level 20 and level 80. I accidently mix them up when talking at times. I simply wanted you to be aware of this ANY TIME you watch my video publications.
This video publication has several old and one new GOLD NUGGET included. So, this video is WORTH YOUR VALUABLE TIME.
Anyway, the 7-Week time frame in particular shows increased odds for the price action to continue further down < over time > toward proximity of the White Lower B-Band in the 7-Week time frame. Which currently sits at approximately $14,600. Well, we have only 2-Days and 22 hours remaining in the current 7-Week candle. The next candle, we may see the White Lower B-Band at approximately $15600. The main reason for saying, "increased odds for price action to continue down to proximity of the White Lower B-Band in the 7-Week," is due to the Red Line already being below level 50 and the Blue Line about to go below White Level 70.
7-Week Time Frame:
Here is the 6-Week Time Frame to provide an EXAMPLE regarding rules relating to price action having increased odds of falling down to proximity of the White Lower B-Band within the Bad Ass B-Bands.
YELLOW TEXT BUBBLE:
NOTE: We had the Red Line below Yellow Level 50 and the Blue Line was below White Level 70.
Where did the price action fall to? The White Lower B-Band in this 6-Week Time Frame.
We see a similar scenario potentially playing out in the 7-Week Time Frame.
This video publication has several old and one new GOLD NUGGET included. So, this video is WORTH YOUR VALUABLE TIME.
Anyway, the 7-Week time frame in particular shows increased odds for the price action to continue further down < over time > toward proximity of the White Lower B-Band in the 7-Week time frame. Which currently sits at approximately $14,600. Well, we have only 2-Days and 22 hours remaining in the current 7-Week candle. The next candle, we may see the White Lower B-Band at approximately $15600. The main reason for saying, "increased odds for price action to continue down to proximity of the White Lower B-Band in the 7-Week," is due to the Red Line already being below level 50 and the Blue Line about to go below White Level 70.
7-Week Time Frame:
Here is the 6-Week Time Frame to provide an EXAMPLE regarding rules relating to price action having increased odds of falling down to proximity of the White Lower B-Band within the Bad Ass B-Bands.
YELLOW TEXT BUBBLE:
NOTE: We had the Red Line below Yellow Level 50 and the Blue Line was below White Level 70.
Where did the price action fall to? The White Lower B-Band in this 6-Week Time Frame.
We see a similar scenario potentially playing out in the 7-Week Time Frame.
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UPDATE:Current 2021/2022 Wyckoff Distribution Schematic:
Entire History of Bitcoin Using Wyckoff Method < Without details of events within each phase >
2018 Distribution; 2019/2020 Accumulation; followed by 2021/2022 Distribution with Phases and Events within each phase:
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UPDATE:We have a new 7-Week candle:
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UPDATE:GRAY TEXT BUBBLE:
We have begun a new 7-Week candle. The White Lower B-Band has risen to
a higer price than previous 7-Week candle; as anticipated. It's currently at
$15,958 at this writing. The likelihood (odds) of price action continuing down
further to proximity of the White Lower B-Band has increased dramatically;
due to the Blue Line falling below White Level 70 and the Red Line well below
Yellow Level 50. Remember, we are at risk of continuing further down to within
PROXIMITY of the White Lower B-Band (A little above or a little below). We
would need to look at other time frames for a more accurate proximity diagnosis
as the price action plays out.
BLUE TEXT BUBBLE:
The Blue LSMA (Least Squared Moving Average) has fallen below White
Level 70. Just as we see in history [See the Green Vertical Time Lines].
RED TEXT BUBBLE:
Red Line in the White Level 30 area. The Green Vertical Time Lines mark
occasions in which the Red Line was at a similar level in history. Let's not
assume the Red Line must turn back up soon. We must look at other time
frames to try to make that determination.
YELLOW TEXT BUBBLE:
We are still waiting for the Yellow K-Line to rise above the
Magenta D-Line of the Stochastic RSI in this 7-Week TF
to have any inclination or technical qualification regarding
WHEN we could potentially be in Wyckoff Accumulation.
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UPDATE:Pulled Back View:
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UPDATE:BTCUSD - Current (2021/2022) Distribution Period:
BTCUSD 2013/2014 Distribution Period:
BTCUSD 2018 Distribution Period:
BTCUSD 2018 Distribution; 2019 to 2021 Accumulation and 2021/2022 Distribution combined:
BTCUSD Entire History of Bitcoin Using Wyckoff Method [No detailed events described within each phase.]:
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UPDATE:Made a CHANGE by removing the Red Diagonal Channel and moved the Green Diagonal Channel to the "Entire History of Bitcoin... Chart":
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UPDATE:BLX Chart: Simple Pitchfork with Fibonacci math for all Levels
Bitstamp BTCUSD Chart: Simple Pitchfork with Fibonacci math for all Levels
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UPDATE:Three (3) Pitchforks with same coordinates overlaid BUT with DIFFERENT Diagonal Trend Fibonacci Levels. This was done simply to determine if the first tighter local Diagonal Trend Lines could be lined up with historical Diagonal Trend Levels.
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UPDATE:BTCUSD: $12750 to $15850 in Play for This Distribution Period
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