WyckoffMode

BTCUSD: Let's NOT Conclude We Are In The Process of a Dump!

WyckoffMode تم تحديثه   
BITSTAMP:BTCUSD   بتكوين
Hi Everyone! Simply want to explain WHY we should not draw the conclusion JUST YET we are in the process of a 30 to 40 percent drop.
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UPDATE:

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Support May Remain at B-Band Basis in 24h for Now Till Reckoning
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I'm NOT going to assume we do not continue falling further to the 0.618 FIB Re-Trace. At the same time, I'm NOT going to ASSUME we have already found our bottom and on the verge of resuming a sustained period of upward pressure yet. Let's allow our "Downward Pressure Race" tell us WHEN our downward pressure has concluded before drawing any kind of conclusions based of mere assumptions.

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A look at our Daily (24h) Time Frame:
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IMPORTANT UPDATE:

URGENT: Price at Risk of Falling to Yellow B-Band Basis in 2-Day
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LET ME BE CLEAR: The ODDS are VERY HIGH of the price action falling to the Yellow B-Band BASIS in the 2-Day Time Frame (That general area); which puts us around the 0.618 FIB RE-TRACE at $26,902. Consider scattering buy order between my 0.5 and 0.618 FIB Re-Trace levels.

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UPDATE:

BTCUSD: What Has to Occur to Avoid Dropping to 0.618 FIB RT ???

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