Downward Pressure Still in Play Till Approx. January 31, 2019

We still see a chance for continued downward pressure in the very near future (by Jan. 31); which may push our price action down to around the $3,287 price point at my 0.236 FIB. We may then hang out around the $3,287 Price Point at the 0.236 FIB for five to ten days before finally concluding Phase A with our Second Test and begin Phase B with upward pressure for our first Simple Rally.

BTCUSD - Bitstamp from 2011 to Present Day using Wyckoff Method:

2012 Accumulation Schematic With Description of each Phase:

2015 Accumulation Schematic With Description of each Phase:

For more information in regards to Wyckoff Schematics you can go to this link on stock charts: stockcharts.com...school/doku.php?id=chart_s...

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: www.traders-software.com/Trading Books/

Commentaire:

Possible future trek of the Blue LSMA and Green Line in Godmode; as well as possible future trek of the Trailing Red Line in Stochastic RSI and Phoenix ARI in the 24h (Daily) TF in chart below. This possible future trek assumes our bottom on the Second Test in Phase A is around $3,287 before we head back up to Preliminary Support Range between $4,230 and $4,410.

Commentaire:

6h TF Update:

Commentaire:

This is what the Blue LSMA could look like in Godmode 3.1 Mod with LSMA if we were to begin going up for our Simple Rally on or around January 31, 2019.