Normally, Wyckoff Schematics should be used with 7-Day TF (Each candle is a period of 7-Days) or higher. However, that is not always possible in crypto. Especially, if there is a new coin available for trade, such as CIVIC.
I initially created a publication for CIVIC using Poloniex Exchange. However, it did NOT have as much HISTORY as BITTREX exchange. This is WHY I'm now creating a publication using BITTREX exchange.
Here is the previous publication using Poloniex Exchange. I was spot on in regard to where I believe we were located in the Wyckoff Schematic. However, I was a little early in my TA in regards to saying we were about to go down to TEST SUPPORT. We are currently coming down now to TEST SUPPORT and potentially create our SECOND SUPPORT LINE then come up to fall within a trading range for an accumulation phase. Keep in mind THIS publication was created from an exchange with LESS HISTORY than this current publication:
Here is an image of the Wyckoff Schematic I was using: https://imgur.com/945poSJ
Here is a link to find the chronology or sequence of events that will possibly occur within the schematic: Accumulation Schematic #2 in this link to "Basic" teachings of Wyckoff Methods: http://stockcharts.com/school/doku.php?i... It's important to read at least the Phases involved with THIS PARTICULAR SCHEMATIC to gain understanding of what to expect.
You can see the placement of my two RESISTANCE LINES up top in red . We currently have ONE SUPPORT LINE in green at the bottom. A SECOND SUPPORT LINE may potentially be created once our price action has found bottom in our current move to the downside.
More charts will follow to include Text Bubbles for Wyckoff Schematic. THEN I will add indicators after the Wycoff portion of the chart is completed. Also, I had a request to do an ETCUSD publication. I will do this one request for that particular pair and update my other alt-coin publications that are for pairs traded in US dollars. THEN I must get back to my mining room to complete it.
Posting a 2-Day chart shortly. Gotta piss and get some coffee.
360m AND 720m:
The 1440m (Daily) and 2-Day TF's show the POSSIBILITY of still more downside pressure; and therefore, the possibility of going a little lower before going upside. I'm saying this mainly because the Stochastic RSI and Phoenix ARI on the Daily (1440m) and the 2-Day TF's have more room for downside pressure before bottoming out and moving upside.