Wyckoffmode
BTCUSD: About to commence the final leg?In this video I use indicators to do what they do best - indicate. They don't predict, not do they tell us what to do.
Technical analysis is about finding confluence, and heaping confluences together to increase the odds of a particular price action happening.
Here I use three indicators - Market Cipher A (Cryptoface - Paid), Bad Ass Bollinger Bands and Phoenix Ascending (WyckoffMode - free).
It's not too important to understand how they work or what they're measuring - in this case I'm just pointing out their similarities to the Bull Run in 2017.
If you like the content, consider following me. If not, move along, move along.
BTCUSD Wyckoff Mode Phoenix Ascending Indicator AnalysisLooking at a race beginning between the White Energy in the 90 minute and the Red RSI in the 3H.
What does that mean for the indicated price action?
Of course, nothing is guaranteed. Except that this is not Advice, merely educational study.
Even as I type this the price action has shot up to $47,200
Doesn't mean we shouldn't keep watching closely!
BTCUSD Important Update, More Bullish SignsHello Everyone,
Thought I'd give an update on BTCUSD , as after its return from the correction it is now showing more bullish signs.
Please do keep in mind it does not necessarily have to wind up going the same way as pointed out in the chart. The blue LSMA and red RSI do have to cross and close above 50, before these signs are valid. We could end up seeing the blue and red lines bounce off of 50, going further below.
What I've pointed out in the chart is just more likely to happen, seeing the orientation of the red RSI and blue LSMA .
Indicators made and explained by user WyckoffMode