WyckoffMode

BTCUSD Continues to Show Likelihood Bottom is in With Upward...

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BITSTAMP:BTCUSD   Bitcoin
...Move in a Simple Rally in Phase B of a Wyckoff Accumulation Schematic. I used the 3-Day and 2-Day Time Frames in this Publication. I'll follow up shortly with another Video Publication using lower Time Frames.

I labeled this as a "Long" position based on the likelihood of a Simple Rally in Phase B occurring in the VERY near future. Yes, it's possible (as shown in the video publicatin) for a drop down one more FIB level at $3,287 before going up to $4,250 in a Simple Rally near the 50 Day EMA. Which is why I'm about to post another video publication covering LOWER time frames to see if we may find a signal of one more drop potentially occurring before going up.

I want to thank my followers for their support and clicking "like" in previous publications. My reputation could not be where it is today without you. Thank you very much!

Best Regards and Happy Trading!

David

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