CRUNCH TIME the Next 4.5 to 16.5 Hours. Must Watch...
We can anticipate one of three (3) possible scenarios:
1) We drop 4.4% from $4,055.35 to approximately $3,875.00; then we leg up to a price level lower than $4,265.00.
2) We drop 10% or more from $4,055.35 to approximately $3,650.00 and continue stair stepping down to test support between $3,300 and $3,500.
3) We continue sideways in a tight trading range that drops no lower than $3,925 then we leg up one more time to approximately $4,265.00 or higher. We will have to see what the indicators look like after a move depicted in scenario #3 to determine if we continue up or if we have a reversal to downward pressure and potentially fall BELOW the lower boundary of support @ $3,322.19 to begin a Wyckoff Spring.
BOTTOM LINE: The next 4.5 to 16.5 hours will be critical. We will need to keep a close eye on the price action as the Phoenix ARI in the 12h Time Frame continues to fall.
1) We drop 4.4% from $4,055.35 to approximately $3,875.00; then we leg up to a price level lower than $4,265.00.
2) We drop 10% or more from $4,055.35 to approximately $3,650.00 and continue stair stepping down to test support between $3,300 and $3,500.
3) We continue sideways in a tight trading range that drops no lower than $3,925 then we leg up one more time to approximately $4,265.00 or higher. We will have to see what the indicators look like after a move depicted in scenario #3 to determine if we continue up or if we have a reversal to downward pressure and potentially fall BELOW the lower boundary of support @ $3,322.19 to begin a Wyckoff Spring.
BOTTOM LINE: The next 4.5 to 16.5 hours will be critical. We will need to keep a close eye on the price action as the Phoenix ARI in the 12h Time Frame continues to fall.
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Simply posting a screenshot of the Daily (24h) BTCUSD, BTCUSD Shorts & BTCUSD Longs (Stacked) Chart for FUTURE reference.
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It's possible we may have to wait up to 28 more hours from now for a significant drop. We may not get it and see a reversal to upward price movement within that time frame.
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6 more hours for those 28 hours to be complete before I give another update.
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About to go downstairs to work on another video publication.
