Analyzing OMGBTC - BINANCE to Try to Determine Which Wyckoff...
...Accumulation Schematic we are following.
Copied and pasted again in case TV scrunches up the chart on initial posting.
Here is a link to an image of Wyckoff Accumulation Schematic #2: imgur.com/945poSJ
I want you to find the Accumulation Schematic #2 in this link to "Basic" teachings of Wyckoff Methods: stockcharts.com...school/doku.php?id=chart_s... and follow it to a tee.
Another chart with indicators included coming up shortly...
Copied and pasted again in case TV scrunches up the chart on initial posting.
Here is a link to an image of Wyckoff Accumulation Schematic #2: imgur.com/945poSJ
I want you to find the Accumulation Schematic #2 in this link to "Basic" teachings of Wyckoff Methods: stockcharts.com...school/doku.php?id=chart_s... and follow it to a tee.
Another chart with indicators included coming up shortly...
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The purpose of this chart is for viewing "indicators only." NOT the price action and text bubbles with the chart on the price action.
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Keep in mind, this could go up higher. Hence, the "???" on Automatic Rally and PS (Preliminary Support).
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Still looking like this one "might" come down more. How much more is unknown.
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I'm expecting OMG to also come down to establish a SECOND support line as well. Doesn't mean we have to. I'm simply expecting it.
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Previous chart was a 2-Day TF; here is a Daily TF with original text bubbles left on the chart to allow you to see the progress since I first created this publication.
I believe the 2-Day TF gives a more accurate presentation of progress with price movement with WHERE it is located during its progression in regards to a Wyckoff Price Cycle: www.youtube.com/watch?v=SEU1gnV_...
I believe the 2-Day TF gives a more accurate presentation of progress with price movement with WHERE it is located during its progression in regards to a Wyckoff Price Cycle: www.youtube.com/watch?v=SEU1gnV_...
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A Wyckoff Price Cycle is also mentioned in this publication. You will need to scroll down just a little to see it: stockcharts.com...school/doku.php?id=chart_s...
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2-Day TF Update: