BTC: 2 Day TF Still a Green Light for DUMP November 23rd or 24th
Hi Everyone! We have multiple new candles since the publication I posted yesterday. Yes, we still have a green light for Stage 2 Expansion DOWN in the 2-Day time frame. I also pointed out several other time frames in which Stage 1 Expansion Down can "continue" - AND - Stage 2 Expansion Down about to BEGIN in other time frames. BOTTOM LINE: Odds are still VERY HIGH that our Sign of Weakness event in Phase E of Distribution IS NOT DONE YET.
Where could we potentially fall down to? Well, this is subjective but I'm of the opinion we could see the price action fall down to a range of $14,677 to $13,777. Does this mean we cannot fall down further than $13,777? NO... We most certainly can fall down lower. In fact, is possible to continue down toward my 0.618 FIB Retrace of approximately $10,500. Does this mean those looking to buy cheap bitcoin and HODL should wait to see if we fall down that low? NO... I recommend HODLERS dividing up your capital into at least 10 equal parts and spread out buy orders of those "parts" between $15,450 and $12,750. However, I would have a concentration of those orders in between $14,677 and $13,777.
I hope this video publication was helpful.
If you would, please take a moment of your time to click the LIKE (boost) icon and also share this publication with others in other social media.
ALSO: Don't forget we have BLACK FRIDAY event on TradingView. Meaning, you can get a BIG DISCOUNT on a pre-paid ANNUAL subscription to TradingView. It's worth taking advantage of this now. Just wanted to give the heads up.
Okay, got to go...
Happy Trading and Stay Awesome!
David M Ward jr
Where could we potentially fall down to? Well, this is subjective but I'm of the opinion we could see the price action fall down to a range of $14,677 to $13,777. Does this mean we cannot fall down further than $13,777? NO... We most certainly can fall down lower. In fact, is possible to continue down toward my 0.618 FIB Retrace of approximately $10,500. Does this mean those looking to buy cheap bitcoin and HODL should wait to see if we fall down that low? NO... I recommend HODLERS dividing up your capital into at least 10 equal parts and spread out buy orders of those "parts" between $15,450 and $12,750. However, I would have a concentration of those orders in between $14,677 and $13,777.
I hope this video publication was helpful.
If you would, please take a moment of your time to click the LIKE (boost) icon and also share this publication with others in other social media.
ALSO: Don't forget we have BLACK FRIDAY event on TradingView. Meaning, you can get a BIG DISCOUNT on a pre-paid ANNUAL subscription to TradingView. It's worth taking advantage of this now. Just wanted to give the heads up.
Okay, got to go...
Happy Trading and Stay Awesome!
David M Ward jr
2021/2022 Distribution Schematic:
2018 Distribution; 2019 to 2021 Accumulation and 2021/2022 Distribution on a single chart:
Entire History of Bitcoin using Wyckoff Method < NO DETAILED EVENTS WITHIN EACH PHASE OF ACCUMULATION >
Mid Term Group of time frames (4-Day, 8-Day, 9-Day, 10-Day, 11-Day, 12-Day, 13-Day and 2-Week):
Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week):
Short Term Group of time frames (30-min. 60-min. 90-min. 2-hr. 3-hr. 4-hr. 6-hr. and 8-hr.):