BTCUSD: Current Macro REVERSAL Group of Time Frames

30 Okt 2022

Hi Everyone! Simply pointing out HOW we determine what SET of time frames will be used to determine WHEN we have very high odds of REVERSAL from a Long Term Bear Trend into a Long Term Bull Trend.

The 14-Week time frame is the HIGHEST time frame in which the Yellow K-Line is LOWER than Level 10. Which means we cut the 14-Week time frame IN HALF to get the 7-Week time frame. We then cut the 7-Week time frame (49-Days) IN HALF to get the 24-Day time frame. NOTE: We do not have a 24.5-Day time frame. Hence, the 24-Day time frame being used. We would also cut IN HALF the 24-Day time frame to get the 12-Day time frame. And finally, we would cut IN HALF the 12-Day time frame to get the 6-Day time frame. This is HOW I determined what five (5) time frames to have in this "Macro Reversal Time Frame Group" chart.



I will post several more charts later today to point out what we are looking for in this MACRO REVERSAL GROUP of time frames. This GROUP of time frames would be used primarily by those who are INVESTORS. Be Advised: ALL OF US should be INVESTORS with a determined percentage of our equity.

I have several things I need to do before I begin posting additional charts with comments. See you soon... ; )

Stay Awesome!

David

30 Okt 2022

Nota

UPDATE:

Talking to the Investor:

If you are an INVESTOR and have used Wyckoff Method often, you have noticed events AFTER a Sign of Weakness in Distribution can often mimic (be similar to) events in Accumulation. What event in particular generally "seals the deal" in regard to us no-longer being in Distribution and now presently in a Long Term Bull Trend? That event would be our "Sign of Strength" in Phase D of Accumulation.

It can sometimes be difficult to determine if price action RANGING SIDEWAYS is a period of accumulation or if still in distribution AFTER a Sign of Weakness event. A Sign of Strength event is THE EVENT to confirm the RANGING SIDEWAYS price action was highly likely to have been ACCUMULATION. We will use our Macro Reversal Group of time frames to determine WHEN a "Sign of Strength" event has increased odds of occurring. At which point; we begin using our remaining equity to accumulate as much of the asset as possible before the Long Term BULL Trend goes into full swing.

What 3 Time Frames would be used to determine WHEN we have increased odds of a Sign of Strength event having increased odds of occurring? In this case, it would be the 24-Day, 12-Day and 6-Day time frames.

Here is the 24-Day time frame: I will discuss more on all 3 time frames soon. I'm about to get a bite to eat shortly. Keep in mind, the 24-Day time frame is NOT the only time frame we would use.

BE ADVISED: A "Sign of Strength" event began where you see the Aqua Vertical Time Line

30 Okt 2022

Nota

UPDATE:

BE ADVISED: I should have said a "Sign of Strength" event OR an "Exponential Rally Event" began where you see Aqua Vertical Time Lines."

30 Okt 2022

Nota

30 Okt 2022

Nota

UPDATE:

An EXPONENTIAL Rally in Phase B also confirms likely Accumulation just as a Sign of Strength in Phase D confirms likely Accumulation. An Exponential Rally event in Phase B is nice to see as an EARLY indication of likely Accumulation. Similar to 2019 Exponential Rally in Phase B.