Next Target is $9,508 to $9,610 Price Range (0.786 FIB Re-Trace)

Hi Everyone! Those who have followed me for a while were likely using my "Downward Pressure Reversing to Upward Pressure Rule" in the 12h and 24h time frames. Meaning, we had a "race" between the White Energy in the 12h and the Red RSI in the 24h (Explained in the video). The Red RSI in the 24h crossed below 50 BEFORE the White Energy in the 12h could "close' ABOVE 50. This meant downward pressure continues -AND- we ignore the White Energy in the 12h and focus on the White Energy in the 24h along with the Red RSI in the 2-Day. This is when we noticed the Red RSI had already crossed below 50 in the 2-Day Time Frame; which means we ignore the White Energy in the 24h and focus on the White Energy in the 2-Day. This means we have a race between the White Energy in the 2-Day and the Red RSI in the 4-Day Time Frame. We must assume downward pressure continues for now unless the White Energy in the 2-Day can "close" above 50 before the Red RSI in the 4-Day can "cross" below 50.

It currently looks like the Red RSI in the 2-Day will likely win the race against the White Energy in the 2-Day. In which case, we would conclude downward pressure continues and we would ignore the White Energy in the 2-Day and turn our focus to the White Energy in the 4-Day Time Frame along with the Red RSI in the 8-Day Time Frame.

Here's the screenshot I took of the FIB Re-Trace levels:

Here is a chart showing the History of Bitcoin Using Wyckoff Method:

Bình luận:

Bình luận:

Bình luận:

UPDATE:

Simply posting this chart of my "Over-All Primary Fib" in the Weekly Time Frame with the 21-EMA, 50-EMA, 100-EMA and 200-EMA for future reference.

Weekly Over-All Primary Fib "without" indicators:

Weekly "with" indicators: