BTCUSD: $12750 to $15850 in Play for This Distribution Period

Hi Everyone! Simply providing a quick update to point out we still do not see a clear sign of reversal to any kind of sustained upward pressure yet for Bitcoin. It still looks pretty bad in the Short and Near Term Group of time frames. BE ADVISED: This will still require a bit more time to go down to potential target range between $15,850 and $12,750. This is my opinion of course.

Hope this was helpful...

Happy Trading and Stay Awesome!

David

Comment:

UPDATE:

Short Term Group (30-min. 60-min. 90-min. 2-hr. 3-hr. 4-hr. 6-hr. and 8-hr.):

Near Term Group (12-hr. 24-hr. 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and Weekly):

Mid Term Group (4-Day, 8-Day, 9-Day, 10-Day, 11-Day, 12-Day, 13-Day and 2-Week):

Long Term Group (8-Day, 15-Day, 16-Day, 17-Day, 18-Day, 19-Day, 20-Day and 3-Week):

7-Week Time Frame:

Comment:

UPDATE:

BLX Diagonal Fibonacci Trend Chart: