WyckoffMode

Video #1: Possible for More Upward Movement in High Time Frames

BITSTAMP:BTCUSD   Bitcoin
My "unbiased" analysis using the indicators reveals the probability for continued upward pressure. This was determined by the Phoenix ARI still at the 100% level in the 5-Day, 4-Day, 3-Day and 2-Day Time Frames. Don't forget to keep an eye on the Phoenix ARI in the 12h and 18h time frames. If the Phoenix ARI does not make it to 100% in the 12h and/or 18h time frames before coming down, this could be an early signal of a bear trend to set in for a while. Does that mean our bear trend will send us below $3,122.28? No... but this will be discussed in the following Video #2 I'm about to work on in the next publication.

Here's a look at Bitfinex Shorts and Longs while I work on Video #2 publication:


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