BTCUSD Going sideways for a while then down one more FIB level.

This publication mainly focuses on the 12h and 6h to show we are likely to have a tight trading range going sideways for a little while before coming down one more FIB level to around $3,285 price point to mark the bottom of our Second Test in Phase A and the beginning of Phase B. So, my "position" for mid term is more sideways action within a tight trading range for a while then back down one more FIB level to mark the end of Phase A and the beginning of Phase B.

This publication does NOT include TA for short time frames for those seeking to scalp.

Commentaire:

The following chart is ONLY to provide an EXAMPLE of a Wyckoff Accumulation Schematic of what could occur throughout 2019. I mentioned in a prior video that the Composite Groups (Large Interest/Big Money) may prefer to have it at this lower price range to accumulate coins on the cheap. And that's what they ended up doing; rather than taking it up higher to what would normally be Preliminary Support if compared to history.