It would be very beneficial to the reader of the previous Wyckoff School link to read it in full MANY times to understand it well.
Below is a copy of this Schematic to make it clearer and easier to read. Trading View's program tends to scrunch up the initial screenshot used as a cover for the publication. Hence the copy below for easier reading.
More charts will be provided soon to include GodMode Indicator. I need to take a break.
I'M NOT RESPONSIBLE FOR ANY TRADES MADE BASED OFF MY . ALSO, MY TIME IS LIMITED.
I ALONE RESERVE THE RIGHT TO RESPOND TO WHOM I WANT, WHEN I WANT AND WHETHER OR NOT I WANT TO RESPOND.
I ENCOURAGE COMMENTS AND SUGGESTIONS. HOWEVER, BE RESPECTFUL WHEN DOING SO, PLEASE.
I'm very busy with a remodel in my mining room to create better cooling. So again, my time is limited.
Now, I'm going to catch up on some news.
Something else: This is playing out "LIVE." Which means it's "possible" this could change and go back up on the fly. Especially, since it appears we may be in Wyckoff Spring mode. This does not mean we will not have dips here and there during a Spring. It simply means they may not be as significant of dips as when "not" in a Wyckoff Spring mode.
WITH CANDLES... To show how I placed the magenta and blue lines:
WITHOUT CANDLES... To allow you to compare with similar colored lines I placed on Wyckoff's Schematic that will be included below this chart.
Wyckoff's schematic with purple (magenta) and blue lines for comparison: https://imgur.com/vJDN6um
It would be better if you could pull up my chart without candles and the Wyckoff schematic I just linked you to SIDE BY SIDE for comparison. THEN you will see one might need to be careful here. Still monitoring this...
It's still quite possible we are in the beginning stages of Phase D instead of the beginning stages of Phase C. I simply want to INFORM followers to be cautious.
All the best,
The Daily (1440 minute) shows more room to the upside on our current Daily candle with 14 hours remaining. The blue line in the bottom indicator can still go up more. It's the green line that has me thinking it could "potentially" cut short at $0.255 to $0.265 range.
Here was part of the statement in question: "...could "potentially" cut short at $0.255 to $0.265 range."
His question was: What do you mean by "cut short?"
I meant to convey we could see a Wyckoff "Back Up" around that price range... "potentially."
The aqua rectangle coordinates are $0.255 on the bottom and $0.265 on the top of the rectangle. We've already went a little above before we begin to go sideways for a bit during this "Back Up."
One third in Phase C
One third on a potential back up at the Preliminary Support Line
One third on sign of strength.
IF YOU WERE LATE TO THE GAME and bought in just before the Back Up (BU/LPS)
One third just before the BU/LPS
One third prepared to buy again at or near the bottom of this BU/LPS
One third on Signal of Strength (SOS)
Here's what the Daily looks like on the indicators :
Here's the 2 Day TF updated:
It's my opinion we have approximately 6 to 48 hours of more downside pressure when looking at the 360m and 720m TF's. Which see:
Does that mean we're destined to test the Support Lines? No, not necessarily. I honestly don't see why they would do this again; for it would allow others who missed out to get in on the cheap side to recoup losses. The goal of the Composite Group here, in my opinion, is to shake out weak hands and liquidate margin bets.
lol. Yes, lots of patience... Especially, with NXTUSD and XRPUSD.
Not sure if you saw my reply up top with another chart marking a channel with two black arrows: Here's what it looks like now:
"Right now is about as good as any for entry" - Can you explain what does it mean please ? If English is your main language it is probably my fault that I do not catch it clearly.
a) Does it mean it is good place to entry ? Or bad one ? I assume that you expect move UP rather than down in current play ?
b) As good as any for entry.. - simplest understanding for me is that each price is good to buy (because we are heading up)..
Please switch light on Prowd Clown :)