WyckoffMode

BTCUSD - Nearing Exhaustion in the 3h and 6h Time Frames.

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BITSTAMP:BTCUSD   Bitcoin
It's looking like we may simply be testing support of the 200-Day EMA and/or 200-Day MA. It's looking like we are about to bounce off the 200-Day EMA. Could we have a dead cat bounce and fall lower? Sure... It's possible. If you have a PRO account, don't forget to keep an eye on the White Energy in the 3 hour time frame. Also watch for the Green Line to turn up in the 6 hour time frame and the Red RSI to make contact with the Green Line WHIE the Green Line is going up in the 6 hour time frame. This would indicate a potential for reversal fro downward to upward pressure in the 6 hour time frame.
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IMPORTANT: PUT MORE EMPHASIS ON THE WHITE ENERGY IN THE 6 HOUR TIME FRAME REACHING THE 50 PERCENT LEVEL RATHER THAN THE 3 HOUR.
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By putting more emphasis on the white energy in the 6 hour than the 3 hour white energy; this implies the price action COULD POTENTIALLY drop a bit lower until the white energy in the 6 HOUR reaches 50 percent RATHER THAN going by the white energy in the 3 hour time frame.
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You have to ask yourself, "Is trying to get this at a couple hundred dollars cheaper worth the risk of POTENTIALLY missing out?" It's actually a very legitimate question to ask ourselves. No?

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NEW PUBLICATION TITLED: "Looking at Mid Day March 9th to Mid Day March 10th for Reversal."

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