BTCUSD: Expansion as Expected; Heading up to Preliminary Support

Hi Everyone! It appears we may be heading back up toward Preliminary Support around the 1.0 FIB; possibly a BRIEF pullback (LPS) around Preliminary Support before potentially seeing an Up-Thrust above Preliminary Support to show us the Sign of Strength Required to potentially resume Phase E of our Wyckoff Accumulation Schematic.

Komen:

UPDATE:

NOTE: You see the "last" LPS (Last Point of Support) right around the Preliminary Support Level just before we saw an Up-Thrust to our Sign of Strength. Present day is a similar schematic but on a shorter time scale. WHY? Because this is a "BRIEF" period of RE-Accumulation after a "BRIEF" period of RE-Distribution. Phase A, B and C of our "MAIN" (Big Picture) Accumulation Schematic was WHERE the "majority" of the "Accumulation" occurred; as well as Market Makers (Composite Groups) opening positions to increase their capital even more for the "future" stepping stones of Phase E. All of this is a build up of capital (a number of ways) in preparation for Phase E.

We see BRIEF periods of RE-Distribution of assets followed by BRIEF periods of RE-Accumulation of assets; not to mention multiple competing Composite Groups; before we leg up with another Sign of Strength into another HIGHER trading range acting as a stepping stone to even higher trading ranges.

Here is 2015/2016:

Komen:

UPDATE:

The "BIG PICTURE"

Komen:

UPDATE:

Here's a look at our 8-hour time frame. Red text bubble was just added...

Komen:

UPDATE:

We have a NEW 8-hour candle. I had to delete the previous post due to a typo in the red text bubble. It has been corrected...

Komen:

UPDATE:

I created a new VIDEO publication titled, "BTCUSD: Update on Current Price Action with Old Nuggets."

16:30

Komen:

UPDATE:

BTCUSD: I'm going to keep updating on this 9-Week TF on occasions. This is one of those occasions to use only as a "reminder."

Komen:

UPDATE:

There was a "little" more history on BLX for Bitcoin. However, still not enough data compiled for the 9-Week time frame to populate all indicator lines within Phoenix Ascending indicator. So, I improvised and created my own depiction of what it could have looked like with the White Energy, Green Line and Red RSI. However, I did not wish to invest the time for all that would be involved for the Blue LSMA and expansion of the B-Bands.

Komen:

UPDATE:

Made a correction on the location the White Energy crossed below Level 50 in January, 2014.

There was a "little" more history on BLX for Bitcoin. However, still not enough data compiled for the 9-Week time frame to populate all indicator lines within Phoenix Ascending indicator. So, I improvised and created my own depiction of what it could have looked like with the White Energy, Green Line and Red RSI. However, I did not wish to invest the time for all that would be involved for the Blue LSMA and expansion of the B-Bands.

Komen:

Komen:

UPDATE:

Look for the White Upper B-Band; currently at $38,54x to hold on a dip down. That's if it manages to wick down that much like DOTUSDT might do.

Komen:

UPDATE:

Here is an example of the 12-hour from history...