Part 1: Let's Have a Look at Moving Averages in 4-Day TF.

9 sept 2019

I'm still anticipating downward pressure to continue until mid to late September. Does this mean we should expect a substantial drop between now and mid to late September? No, not necessarily... We could continue sideways in a similar fashion to late 2012/early 2013 before going up exponentially. In fact, that's the scenario I'm leaning more towards occurring rather than a substantial drop to the 50 MA or 60 MA in the 4-Day time frame. Does this mean I'm ruling out a substantial drop to around $8,000 (50-MA) in the 4-Day TF? No...

I'm following up shortly with one one or two more videos after this one. I did not cover the indicators I use in this video like I have done in many of my videos in the past. So, you can anticipate a video going more in depth with my indicators in multiple time frames and I'm likely to do another with focus on Wyckoff Method of long term analysis.

Happy Trading and Stay Awesome!

David

9 sept 2019

Nota

I'm currently working on Part 3 of this three part series update. Part 3 will focus on the indicators while looking at multiple time frames. If you have not seen "Part 2: Where We Are in a Wyckoff Accumulation Schematic?" Here's the link by simply clicking the chart below:

9 sept 2019

Nota

BTCUSD - NEW VIDEO publication, titled, "Part 3: Downward Pressure Still Till Mid to Late September."

10 sept 2019

Nota

Sharing a comment with the community posted in comments section below by a loyal follower:


jpm6g
18 hours ago
Hey David,

I always check first to see whether or not you have posted when I stop by the site. I was happy to see that you had posted today. Glad to hear that your office is shaping up nicely, I know you've been busy.

My gut feeling is with you, that we will move sideways with a smallish dip to meet the 50EMA. I think that this will be more a case of sideways with the 50-MA traveling up to meet price more than price moving down. Just my hunch.I will begin layering in buys once I start to see movement down towards the bottom of the wedge we have formed, where I think we form a bear-trap and reversal to upward pressure.

Thanks again for your analysis and sharing your time and knowledge with this community.


@ProwdClown
Just Now

Hi JPM6G,

Thanks for following and your loyal support! VERY MUCH APPRECIATED. ; )

Yes, you may be right in regard to the 50-MA or 40-EMA in the 4-Day TF coming up to meet the price action rather than the price action coming down to meet the 50-MA or 40-EMA.

Your strategy to begin layering (scattering) buy orders once you see movement down towards the bottom of the wedge that's formed sounds logical. I believe that is a very good strategy. In fact, I'm going to share it with the community in an update to this publication. Thanks for dropping by and sharing your opinion.

Stay Awesome!

David