Hi Everyone! I simply wanted to point out my Phoenix Ascending indicator is suggesting very bullish sentiment is present for the next few weeks; suggesting $54,400 to $55,800 at a MINIMUM. 
I pointed out how and why the indicators are suggesting very high bullish sentiment in the 2-Week, 3-Week, 4-Week, 5-Week, 6-Week, 8-Week and 12-Week time frames. Needless to say, I would be very surprised if we ever fall below $40,000 again. We may very well be saying, "Good Bye to $40K." < Never to be seen EVER again >
I hope this video publication was helpful. If you don't mind taking a moment to click the rocket icon (giving me a boost) in the bottom right corner under the publication, I would appreciate it. If not, that's okay too. I wish everyone to have happy trading and to Stay Awesome!
< fist pump >
David
I pointed out how and why the indicators are suggesting very high bullish sentiment in the 2-Week, 3-Week, 4-Week, 5-Week, 6-Week, 8-Week and 12-Week time frames. Needless to say, I would be very surprised if we ever fall below $40,000 again. We may very well be saying, "Good Bye to $40K." < Never to be seen EVER again >
I hope this video publication was helpful. If you don't mind taking a moment to click the rocket icon (giving me a boost) in the bottom right corner under the publication, I would appreciate it. If not, that's okay too. I wish everyone to have happy trading and to Stay Awesome!
< fist pump >
David
Note
UPDATE:2-Week, 3-Week, 4-Week, 5-Week, 6-Week, 8-Week, 10-Week and 12-Week time frames:
11-Day, 22-Day, 23-Day, 24-Day, 25-Day, 26-Day, 27-Day and 4-Week:
4-Day, 8-Day, 9-Day, 10-Day, 11-Day, 12-Day, 13-Day and 2-Week:
12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week:
Note
UPDATE:Apparently, this is Sign of Strength event #2 in Phase E of Wyckoff Macro Accumulation Schematic and we still have $54,400 to $55,800 target range in our sights for the peak of this particular SOS event #2. I do not recommend adding to any short positions that anyone may still have open. It's recommended to close any short positions you may have if you haven't already.
Note
UPDATE:Once we "close" above $73,000, I will begin using this Log Scale chart with Fib Extensions also based on Log Scale.
Note
UPDATE:I will also eventually use this chart on occasions; basically for an additional reference of diagonal support and resistance.
Note
UPDATE:Be Advised: If we "close" above $55,800 in the 3-Day, price is subject to continue up to lower boundary of Aqua Channel on this chart below; around
64K to $65K.Note
UPDATE:We have hit the lower boundary of my target range. I'll provide another update for BTCUSD later tonight or in the wee hours of the morning. I have several things going on with building a new office at another location while also preparing to sale my house.
Note
UPDATE:Needless to say, "Opening a short position at $50,000 was very risky." Adding onto a short position at $52,000 was very risky." Opening a short at $50,000 was definitely destined to get squeezed; as mentioned in the video.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.