WyckoffMode

18h Reveals More Downward Pressure. $3,626 May Be Next Target.

Short
WyckoffMode Updated   
BITSTAMP:BTCUSD   Bitcoin
Multiple time frames were covered to TRY to give an idea of where we're going and when we will get there. We had a look at the 3d, 2d, 24h, 18h, 6h and 3h TF's. Updates will follow later after I have a couple more phone calls.

Wish everyone happy trading and have a great day!

Comment:
For those who are wondering if we are going back up to $4k again:

Yes, there's a "chance" of us going to $4k again before falling back down. However, I'm not ready to make that call until I see it in the indicators. If we do see it in the indicators, I'm not expecting it to peak around the $4k mark until around March 6th.

There will be more updates to follow in regard to the "possibility" of us testing $4k again in the IMMEDIATE future. Just not seeing a signal of it yet in the indicators.
Comment:
Here's a look at the Daily (24h) to show the "POSSIBILITY" for another move to $4k again before falling down to "Test" Support. I'm just not prepared to say we're going to do that yet until we see a signal for that potential move in the indicators.

Comment:
Adding the most recent publication to this publication in comments:


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.