Be mindful of a POTENTIAL dip (pull back) in the 90 minute Time Frame. If you prefer to wait for a pull back, that's perfectly fine. As you noticed, the target range of $12,308.40 to $14,611.32 is still in play. However, may not occur until first week of June or second Week of June if my analysis is correct. BOTTOM LINE: I cannot help but trust what we are seeing with the White Energy (WE) in the Weekly Time Frame; that upward pressure may likely continue for a while. Which means the current downward pressure we are seeing is ONLY brief. We also see chance for upward pressure to continue with the WE in the 9-Day Time Frame. Don't forget we could have a pull back in the 90-minute. We may also have a pull back when the WE in the 3h TF comes down to the 50% level. So, if you prefer to wait for THAT pull back, it's perfectly fine. However, I have no idea how high this may or may not go until the WE in the 3h TF comes down to the 50% level.
DON'T FORGET: May 24, 2020 will be a HUGH day in regard to MANY time frames beginning a NEW Candle. Which means we will have updated indicators providing us a LOT of information. Of course, we also need to pay attention to the new WEEKLY Candle on May 25, 2020 for additional information.
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The 2-Day Time Frame:
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Weekly Time Frame:
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Pull Back may be in progress in the 90-Minute TF:
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"The Awakening 2020" - Act Two: Pull Back Soon in 3h Stoch. RSI
Im trading on fundamentals at this point. There are far more few coins in circulation than most people realize. In the last 100 days Grayscale GBTC bought 2/3 of every bitcoin mined. Think about that for a minute. The largest buyer of bitcoin is buying the entire market without the price being affected. Just sit and think about this for a moment. One entity bought nearly every bitcoin MINED in the last 100 days. They have no intention to sell. Miners have half the amount to sell. It will take a while for the surplus supply to dwindle. Can't be long before there are hardly enough coins to provide liquidity to exchanges. Grayscale is buying for normies that dont wallet. Their buying gives us the best picture of what is actually happening behind the scenes. The price action on the exchanges has no bearing on this market. People were afraid of 50 btc moving but are unaware the institutions they wanted are here and are actually buying up all the bitcoin. i can't stress this enough. All the action is happening behind the scenes intentionally not affecting the price. Pretty soon nothing but the supply will affect the price.
WyckoffMode
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@charvey63,
Thank you very much for your efforts and sharing an excellent fundamental point. I shared your fundamental point with the community in my most recent NEW publication.
Thanks for your contribution and your continued support!
Stay Awesome!
David
WyckoffMode
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@charvey63,
Hmmmm,
Thought I had replied to this already... Hmmmmm. It's as if my reply was deleted I suppose...
Thanks for sharing your research with the community. Really adds to this discussion! I actually shared what you said in my most recent chart publication.
Stay Awesome!
David
Ethereum_124
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ETH 2,0 Launch - 10'000 ETH Air'Drop
Read: www. news-ether.com
cupidchild75
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Great video, do you post this any other place than on TradingView? Video play back option isn't great on Trading view app. If you can have it available like YTube it will be great as well
I may look into sharing my Bitcoin analysis and bitcoin alone on YouTube in the future; AFTER my website is up and running.
Thanks for the suggestion and your continued support!
Stay Awesome!
David
lastAltStanding
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The live stream was really interesting, really appreciate the updates and effort put in them.
Looking forward to Sunday 24th to see the next move.
Stay awesome David!
Dragan
WyckoffMode
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@dhadzic,
That LIVE stream was rather long winded. We had to wait for QUITE A WHILE for me to be at least half way convinced to CONTINUE TO TRUST THE UPWARD PRESSURE SEEN IN THE WEEKLY TIME FRAME. We still have quite a bit of time remaining for the upward pressure in the White Energy in the Weekly to exhaust.
Thanks for hanging in there with the LIVE stream. I wasn't pleased with how long and dragged out it was but it was certainly nice to have company while looking over everything to figure things out.