Updated

BTC: Let Me Explain Why 34000 to 35000 Potential Approaching

Hi Everyone! BTCUSD is in a somewhat similar situation to ADAUSD; in that we may not have found bottom just yet on this pullback. Unfortunately, market conditions changed since my previous publication pointing out "potential" to go up to proximity of $40,000. I posted an update in the description of that publication pointing out a change in market conditions before we continued falling further.

The Red and Blue Lines in the 3h and 4h are in a similar situation to ADA. The 3h and 4h are in the bottom left of the BTC chart below:

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UPDATE:

Near Term Group: 12h, 24h, 2D, 3D, 4D, 5D, 6D and 1W:

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UPDATE:

You see the 2-Day Green and White Energy have turned back up:

Why? Because the Red and Blue Lines in the Short Term Group did what I said needed to be done to "avoid" going down to 34K to 34k:

I still want to see what the next 24h, 2-Day and 4-Day indicators look like when we get new candles in those time frames in about 1.5 hours.

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UPDATE:

Due to the Red and Blue Lines having gone above Level 50 in the entire Short Term Group < as mentioned in the description earlier > we can see how we began with b-bands expanding and price action going up "with" this expansion in one time frame after another; leading to expansion in the entire Near Term Group once again.

Here's the Short Term Group (30m, 1h, 90m, 2h, 3h, 4h, 6h & 8h):

Here's the Near Term Group (12h, 24h, 2d, 3d, 4d, 5d, 6d & 1W):

Due to the Current level of the white energy in the 2-Week time frame "while" the Red Line is above level 50; triggering upward pressure; we know upward pressure continues until the white energy returns to level 50. 2-Week is in top right corner of chart below:

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UPDATE:

The chart with the 2-Week time frame is the Mid Term Group < starting from bottom left > 4-day, 8-day, 9-day, 10-day ,< then from top left > 11-day, 12-day, 13-day then 2-Week in top right.

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UPDATE:

This is a 3-Day chart. We still have 2-Days and 22 hours remaining in the current 3-Day candle:

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UPDATE:

This is my Super Macro Group (2W, 3W, 4W, 5W, 6W, 8W, 10W & 12W).

We get a new 6W & 8W candle in less than 22-hours.

We need the Red & Blue to get above level 50 in the next 6W & 8W to promote "expansion up" & price action rising with expansion.

We currently only have the Red Line above level 50 in the 6W & 8W. Let's see if the Blue Line can rise above level 50 as well the "next" 6W & 8W candles; which begin less than 22 hours from this writing.

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UPDATE:

New Video Update coming out soon for current market conditions. Example of charts to be used in the video posted below:

8-hour time frame with focus on Diagonal Support and Resistance with potential price targets.

We just got a new 2-Week, 3-Week, 4-Week, 6-Week and 8-Week candle with updated indicators: (Super Macro Group of Time Frames)

Macro Group of Time Frames (11-Day, 22-Day, 23-Day, 24-Day, 25-Day, 26-Day, 27-Day & 4-Week):

Long Term Group of Time Frames (8-Day, 15-Day, 16-Day, 17-Day, 18-Day, 19-Day, 20-Day & 3-Week):

Mid Term Group of Time Frames (4-Day, 8-Day, 9-Day, 10-Day, 11-Day, 12-Day, 13-Day & 2-Week):

Near Term Group of TIme Frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day & 1-Week):

Descending Wedge Macro Accumulation Schematic:

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UPDATE:

The 0.786 FIB Range of $48,109 to $50,112
may be the peak of our first of several Sign
of Strength events in Phase E of Accumulation.

We can go higher than the 0.786 FIB Range. Let's see what the indicators look like in multiple time frames once we reach that FIB range level.

WyckoffMode

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