Attempt at WycKoff's Rules on the Composite Man (Whale) With BTC
What do y'all think of the current weekly candle? Do we have a test here before we make a breakout or do we fall back with more accumulation?
This is not a full breakout like we had in November 2013. However, we seem to have a LOT of support and doubt seriously we go below $800 again. Let me say, "I would be surprised if we go below $800."
With current events going on in the world with Venezuela and India suspending large notes, I would not be surprised if we have a a test and a breakout in the same weekly candle.
I'm remaining cautious here until we know what the "Composite Man" is up to.
This is not a full breakout like we had in November 2013. However, we seem to have a LOT of support and doubt seriously we go below $800 again. Let me say, "I would be surprised if we go below $800."
With current events going on in the world with Venezuela and India suspending large notes, I would not be surprised if we have a a test and a breakout in the same weekly candle.
I'm remaining cautious here until we know what the "Composite Man" is up to.
Nota
I believe $991 is the point where we begin a "Correction."I circled [In PURPLE] why I put $991.00 as the number to watch.
Nota
We have a little bit of data (history) to go buy from 2013 past the $991 price point. I will be analyzing that shortly and posting it with comments.Nota
Posting a few charts first from 2013 as we zoom in to 45m chart. Here's the first one as we zoom in towards 45m chart with notes.Nota
Previous was a 2d chart. This one is a 1d chart:Nota
12h chart... (still zooming in, Folks).Nota
I may soon add "Purple Tiers" with the BTCUSD chart just as I have done with the XMRBTC chart. That will be later. Still working on zooming into 45m chart of current events.Nota
6h chart: Nota
3h chart: Nota
Price points and yellow horizontal rays tweaked and corrected a bit more after zooming in on the 3h. No big changes though. Nota
As much as I tried to scroll back to 2013 in the 1h chart, it just would not let me make it all the way back to it. Tried twice but it would not let me do it. I will make due with what's given to me. Still working on it. 01/01/2015 is the furthest it will let me go back in the 1h chart. Which see: Nota
2h chart: Nota
Just an update to let you know I'm on it. Still working... BTW, adding purple tiers to the chart tools.Nota
Still progressing with the 45m chart.Nota
Still updating:Nota
Nota
My apologies for being a little slow at getting these out. I should have been on top of it much sooner. My wife has been asking me to do a few things here and there during the middle of my BTCUSD publishings.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.