WyckoffMode

BTCUSD: Possible Pullback 6-Day Candle Beginning November 26th.

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WyckoffMode 已更新   
BITSTAMP:BTCUSD   比特幣
Hi Everyone! Simply thought I would post a CHART Publication to point out the POSSIBILITY of a pullback on the 6-Day Candle Beginning November 26, 2020. It's POSSIBLE it could be earlier. It depends if the price action has a fast up-thrust to my Mid Term 1.618 FIB Extension or if it goes up to it on a similar pace to what it's doing now. If we have a BIG Up-Thrust to that Mid Term 1.;618 FIB Extension from current price level, we could get "over-bought" rather quickly by that kind of move and the pullback begin some time during the 6-Day Candle that begins on November 20, 2020. I'll provide more details later in a video publication. In the meantime, expect upward pressure to continue till the 6-Day Candle beginning November 26, 2020. Remember: You can click the plus symbol (+) in the bottom center of the cover chart a couple of times and drag the chart how you like after zooming in with the plus symbol...

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Posting this 3-Day Time Frame simply for my FIB Extension Calculation in which I normally use the 3-Day TF.

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Here's the Weekly with a Yellow 21-Week EMA (Exponential Moving Average):
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REMINDER: It's still POSSIBLE to continue higher than my Mid Term 1.618 FIB Extension around $21K. I simply want followers to take necessary precautions as we approach that Mid Term 1.618 FIB Extension. This of course assumes we make it up to that FiB Extension. I will discuss this more in a video publication later.
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I'm about to take a break... Then get to work on a project. I made a few changes to the white lines depicting POSSIBLE future price action "IF" my Mid Term 1.618 FIB Extension ends up being our top.

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10-Day Time Frame:


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