BTCUSD: Wyckoff Method 2.0 Distribution Expounded.
Hi Everyone! Wanted simply to provide a bit more clarity on the current price movement. Did I get into details about using the indicators to identify what EVENT we can expect to see; when we see it, what would act as Resistance and/or Support based on what we are seeing in the indicators, etc... ? No, this was only to expound on Wyckoff Method 2.0 a bit... Simply to peak your interst.
Happy Trading and Stay Awesome!
DAVID
Happy Trading and Stay Awesome!
DAVID
Comentarios:
UPDATE:
The Mid Term Group Chart (above) includes the 4-Day time frame. Just as the Near Term Group includes the 4-Day time frame. The 4-Day time frame target in the chart above would require EXPANSION of the B-Bands and price action going DOWN with expansion in the 4-Day.
We would need to look in the Near Term Group to see the likelihood (or not) of seeing the "potential" for expansion DOWN in the 4-Day time frame. THIS is what we are doing now... We are watching that battle with the 12-hour and 24-hour trying to get enough upward pressure momentum going to pull the Red RSI and Blue LSMA back UP in the 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and Weekly. But in particular... THE 4-DAY TIME FRAME; if we are to see the 9-Day White/Aqua LOWER B-Band target hit.
The Mid Term Group Chart (above) includes the 4-Day time frame. Just as the Near Term Group includes the 4-Day time frame. The 4-Day time frame target in the chart above would require EXPANSION of the B-Bands and price action going DOWN with expansion in the 4-Day.
We would need to look in the Near Term Group to see the likelihood (or not) of seeing the "potential" for expansion DOWN in the 4-Day time frame. THIS is what we are doing now... We are watching that battle with the 12-hour and 24-hour trying to get enough upward pressure momentum going to pull the Red RSI and Blue LSMA back UP in the 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and Weekly. But in particular... THE 4-DAY TIME FRAME; if we are to see the 9-Day White/Aqua LOWER B-Band target hit.
Some have asked for a "target" if we were to go down again for another SOW; which may be a "Selling Climax" for Accumulation; which should be followed by an Automatic Rally up to or near the CURRENT TRADING RANGE (ACTING Preliminary Support).
The "target" is determined within the indicators. This target was PLACED in the 9-Day time frame; using the "sync all drawings" tool; which also populated the same circle identifying the White/Aqua LOWER B-Bands in the 9-Day time frame but plotted also in the 4-Day, 8-Day, 10-Day, 11-Day, 12-Day, 13-Day and 2-Week.
That's IF we go down with another SOW (Sign of Weakness):